Geode Capital Management LLC Buys 16,032 Shares of Arcosa, Inc. (NYSE:ACA)

Geode Capital Management LLC raised its position in shares of Arcosa, Inc. (NYSE:ACA) by 1.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,129,456 shares of the company’s stock after acquiring an additional 16,032 shares during the quarter. Geode Capital Management LLC owned approximately 2.32% of Arcosa worth $107,047,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp boosted its position in shares of Arcosa by 1.1% in the 3rd quarter. State Street Corp now owns 1,981,385 shares of the company’s stock worth $187,756,000 after purchasing an additional 22,258 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Arcosa by 1.2% in the second quarter. The Manufacturers Life Insurance Company now owns 553,157 shares of the company’s stock worth $46,139,000 after acquiring an additional 6,673 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Arcosa by 2.2% in the second quarter. Bank of New York Mellon Corp now owns 456,066 shares of the company’s stock worth $38,040,000 after acquiring an additional 9,602 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of Arcosa by 152.2% during the third quarter. Harbor Capital Advisors Inc. now owns 195,358 shares of the company’s stock valued at $18,512,000 after acquiring an additional 117,892 shares in the last quarter. Finally, Thornburg Investment Management Inc. raised its position in shares of Arcosa by 7.6% in the 2nd quarter. Thornburg Investment Management Inc. now owns 166,128 shares of the company’s stock worth $13,850,000 after purchasing an additional 11,735 shares during the last quarter. Institutional investors own 90.66% of the company’s stock.

Arcosa Stock Performance

Shares of ACA opened at $100.77 on Thursday. The company has a market cap of $4.92 billion, a price-to-earnings ratio of 38.32 and a beta of 0.74. The business’s fifty day simple moving average is $101.93 and its two-hundred day simple moving average is $92.23. Arcosa, Inc. has a 12 month low of $72.75 and a 12 month high of $113.43. The company has a current ratio of 3.61, a quick ratio of 2.77 and a debt-to-equity ratio of 0.51.

Arcosa (NYSE:ACA) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.78 by $0.13. Arcosa had a return on equity of 6.64% and a net margin of 5.17%. The company had revenue of $640.40 million for the quarter, compared to analysts’ expectations of $682.52 million. During the same period last year, the firm posted $0.73 earnings per share. Arcosa’s revenue was up 8.2% compared to the same quarter last year. Research analysts anticipate that Arcosa, Inc. will post 3.37 earnings per share for the current fiscal year.

Arcosa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be issued a dividend of $0.05 per share. The ex-dividend date is Wednesday, January 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.20%. Arcosa’s payout ratio is 7.60%.

Analyst Ratings Changes

Separately, Barclays assumed coverage on shares of Arcosa in a research report on Tuesday, October 29th. They set an “overweight” rating and a $106.00 price objective on the stock.

About Arcosa

Arcosa, Inc, together with its subsidiaries, provides infrastructure-related products and solutions for the construction, engineered structures, and transportation markets in the United States. It operates through three segments: Construction Products, Engineered Structures, and Transportation Products.