Morgan Stanley Grows Stock Holdings in Arcosa Inc (NYSE:ACA)

Share on StockTwits

Morgan Stanley raised its stake in Arcosa Inc (NYSE:ACA) by 426.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 265,691 shares of the company’s stock after buying an additional 215,191 shares during the period. Morgan Stanley owned about 0.55% of Arcosa worth $9,998,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. purchased a new stake in Arcosa in the 2nd quarter valued at about $60,000. C M Bidwell & Associates Ltd. purchased a new stake in Arcosa in the 2nd quarter valued at about $79,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Arcosa in the 2nd quarter valued at about $88,000. Trustcore Financial Services LLC purchased a new stake in Arcosa in the 2nd quarter valued at about $90,000. Finally, Marshall Wace North America L.P. purchased a new stake in Arcosa in the 1st quarter valued at about $102,000. 84.59% of the stock is owned by institutional investors.

NYSE:ACA opened at $33.37 on Tuesday. Arcosa Inc has a one year low of $21.00 and a one year high of $39.74. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.63 and a current ratio of 3.07. The firm has a market cap of $1.61 billion and a P/E ratio of 18.34. The firm has a 50-day simple moving average of $33.58 and a 200-day simple moving average of $34.22.

Arcosa (NYSE:ACA) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.47 by $0.18. Arcosa had a net margin of 5.66% and a return on equity of 5.14%. The business had revenue of $434.10 million during the quarter, compared to analyst estimates of $429.22 million. The company’s quarterly revenue was up 23.0% on a year-over-year basis. On average, research analysts predict that Arcosa Inc will post 2.25 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be issued a $0.05 dividend. The ex-dividend date is Friday, October 11th. This represents a $0.20 annualized dividend and a dividend yield of 0.60%. Arcosa’s dividend payout ratio is currently 10.99%.

Several research firms have issued reports on ACA. Sidoti began coverage on shares of Arcosa in a research report on Wednesday, September 18th. They issued a “buy” rating and a $47.00 price objective for the company. Zacks Investment Research raised shares of Arcosa from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research report on Tuesday, October 1st. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $40.29.

Arcosa Company Profile

Arcosa, Inc manufactures and sells infrastructure-related products and services for the construction, energy, and transportation markets. It operates through three segments: Construction Products Group, Energy Equipment Group, and Transportation Products Group. The Construction Products Group segment offers lightweight and natural construction aggregates, and trench shields and shoring products that are used in construction landscape, including commercial, industrial, road and bridge, and underground construction.

Featured Article: Why do companies issue monthly dividends?

Institutional Ownership by Quarter for Arcosa (NYSE:ACA)

Receive News & Ratings for Arcosa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arcosa and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.