Strs Ohio Decreases Stock Holdings in Arcosa, Inc. $ACA

Strs Ohio reduced its stake in shares of Arcosa, Inc. (NYSE:ACA) by 12.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 69,000 shares of the company’s stock after selling 9,600 shares during the quarter. Strs Ohio’s holdings in Arcosa were worth $7,324,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Horizon Investments LLC acquired a new position in shares of Arcosa during the 4th quarter worth approximately $1,925,000. Capital International Investors grew its holdings in Arcosa by 28.3% during the 3rd quarter. Capital International Investors now owns 2,228,275 shares of the company’s stock valued at $208,812,000 after buying an additional 491,165 shares during the last quarter. Asset Management One Co. Ltd. purchased a new position in Arcosa during the fourth quarter worth $2,564,000. Lombard Odier Asset Management USA Corp purchased a new position in Arcosa during the third quarter worth $1,593,000. Finally, Impax Asset Management Group plc raised its holdings in shares of Arcosa by 10.6% in the fourth quarter. Impax Asset Management Group plc now owns 156,500 shares of the company’s stock worth $16,639,000 after acquiring an additional 15,000 shares during the last quarter. 90.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on ACA. Barclays upped their price objective on Arcosa from $115.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Oppenheimer downgraded shares of Arcosa from an “outperform” rating to a “market perform” rating in a research note on Friday, June 26th. Citigroup lowered shares of Arcosa to a “hold” rating in a report on Tuesday, June 23rd. Weiss Ratings cut shares of Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Finally, Texas Capital downgraded shares of Arcosa from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $138.33.

Arcosa Trading Down 0.1%

Shares of Arcosa stock opened at $144.82 on Monday. Arcosa, Inc. has a fifty-two week low of $81.91 and a fifty-two week high of $146.92. The business’s fifty day moving average is $129.43 and its two-hundred day moving average is $118.70. The company has a quick ratio of 1.60, a current ratio of 2.32 and a debt-to-equity ratio of 0.57. The firm has a market cap of $7.11 billion, a PE ratio of 31.97, a P/E/G ratio of 2.13 and a beta of 1.04.

Arcosa (NYSE:ACA) last released its earnings results on Thursday, April 30th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.13 by $0.38. Arcosa had a return on equity of 8.52% and a net margin of 7.88%.The firm had revenue of $571.70 million during the quarter, compared to analyst estimates of $642.40 million. During the same period in the prior year, the firm posted $0.49 earnings per share. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. Analysts anticipate that Arcosa, Inc. will post 4.25 earnings per share for the current year.

Arcosa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.1%. Arcosa’s dividend payout ratio is currently 4.42%.

Arcosa Company Profile

Arcosa, Inc (NYSE: ACA) is a Dallas‐based industrial company that was formed through the spin‐off of Trinity Industries’ construction products business in 2018. Since its inception, Arcosa has focused on the manufacture and sale of critical infrastructure components, serving a diverse set of end markets including transportation, construction and energy.

The company’s Construction Products segment produces a broad range of highway safety products, such as guardrail systems, sign supports and crash cushions, as well as aggregates and ready‐mix concrete.