Arcosa, Inc. (NYSE:ACA) Shares Sold by Signal Advisors Wealth LLC

Signal Advisors Wealth LLC trimmed its position in Arcosa, Inc. (NYSE:ACA) by 3.8% in the fourth quarter, Holdings Channel reports. The firm owned 12,684 shares of the company’s stock after selling 498 shares during the quarter. Signal Advisors Wealth LLC’s holdings in Arcosa were worth $1,227,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in shares of Arcosa by 80.9% during the fourth quarter. GAMMA Investing LLC now owns 331 shares of the company’s stock worth $32,000 after purchasing an additional 148 shares during the period. Point72 DIFC Ltd acquired a new stake in Arcosa during the third quarter worth about $37,000. KBC Group NV lifted its holdings in Arcosa by 20.5% in the third quarter. KBC Group NV now owns 1,424 shares of the company’s stock worth $135,000 after acquiring an additional 242 shares during the last quarter. First Trust Direct Indexing L.P. acquired a new position in Arcosa in the third quarter valued at approximately $206,000. Finally, Sawgrass Asset Management LLC bought a new position in shares of Arcosa during the third quarter valued at approximately $215,000. 90.66% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ACA. Barclays initiated coverage on Arcosa in a report on Tuesday, October 29th. They issued an “overweight” rating and a $106.00 price target on the stock. Oppenheimer raised their target price on Arcosa from $105.00 to $110.00 and gave the company an “outperform” rating in a research note on Tuesday.

Arcosa Stock Performance

ACA opened at $96.26 on Wednesday. Arcosa, Inc. has a twelve month low of $72.75 and a twelve month high of $113.43. The stock has a market cap of $4.70 billion, a PE ratio of 36.60 and a beta of 0.76. The business’s 50 day moving average is $103.05 and its 200-day moving average is $94.00. 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 announced its earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share 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 firm had revenue of $640.40 million for the quarter, compared to the consensus estimate of $682.52 million. During the same quarter in the previous year, the business earned $0.73 EPS. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, analysts predict that Arcosa, Inc. will post 3.37 earnings per share for the current year.

Arcosa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.21%. The ex-dividend date of this dividend is Wednesday, January 15th. Arcosa’s payout ratio is currently 7.60%.

Arcosa Profile

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.