Price T Rowe Associates Inc. MD Boosts Holdings in Arcosa Inc (NYSE:ACA)

Price T Rowe Associates Inc. MD raised its stake in shares of Arcosa Inc (NYSE:ACA) by 3.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,935 shares of the company’s stock after purchasing an additional 1,525 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.10% of Arcosa worth $1,879,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Rockefeller Capital Management L.P. acquired a new position in Arcosa during the 2nd quarter valued at approximately $60,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of Arcosa in the second quarter worth $79,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Arcosa in the second quarter worth $88,000. Trustcore Financial Services LLC acquired a new stake in shares of Arcosa in the second quarter worth $90,000. Finally, Marshall Wace North America L.P. acquired a new stake in shares of Arcosa in the first quarter worth $102,000. Institutional investors and hedge funds own 84.56% of the company’s stock.

NYSE:ACA opened at $33.01 on Friday. The company’s 50-day moving average price is $33.55 and its 200-day moving average price is $34.15. The company has a current ratio of 3.07, a quick ratio of 1.63 and a debt-to-equity ratio of 0.06. The company has a market cap of $1.58 billion and a P/E ratio of 18.14. Arcosa Inc has a twelve month low of $21.00 and a twelve month high of $39.74.

Arcosa (NYSE:ACA) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.18. The firm had revenue of $434.10 million for the quarter, compared to the consensus estimate of $429.22 million. Arcosa had a net margin of 5.66% and a return on equity of 5.14%. Arcosa’s quarterly revenue was up 23.0% on a year-over-year basis. On average, analysts expect that Arcosa Inc will post 2.25 earnings per share for the current 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 paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend is Friday, October 11th. Arcosa’s dividend payout ratio is currently 10.99%.

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

About Arcosa

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.

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Institutional Ownership by Quarter for Arcosa (NYSE:ACA)

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