River Road Asset Management LLC Purchases Shares of 66,639 Arcosa, Inc. $ACA

River Road Asset Management LLC acquired a new stake in shares of Arcosa, Inc. (NYSE:ACA) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 66,639 shares of the company’s stock, valued at approximately $5,723,000.

Other hedge funds have also modified their holdings of the company. New York State Common Retirement Fund grew its holdings in Arcosa by 3.3% in the second quarter. New York State Common Retirement Fund now owns 15,509 shares of the company’s stock valued at $1,345,000 after purchasing an additional 500 shares during the period. Neuberger Berman Group LLC grew its stake in shares of Arcosa by 1.6% during the 2nd quarter. Neuberger Berman Group LLC now owns 3,172,694 shares of the company’s stock valued at $275,153,000 after buying an additional 50,624 shares during the period. Norges Bank acquired a new stake in shares of Arcosa during the 2nd quarter worth $49,475,000. Hsbc Holdings PLC increased its holdings in shares of Arcosa by 101.8% during the 2nd quarter. Hsbc Holdings PLC now owns 29,334 shares of the company’s stock worth $2,553,000 after buying an additional 14,799 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its position in shares of Arcosa by 15.8% in the 2nd quarter. Quadrant Capital Group LLC now owns 5,943 shares of the company’s stock worth $515,000 after buying an additional 810 shares during the period. 90.66% of the stock is owned by institutional investors and hedge funds.

Arcosa Stock Performance

Shares of ACA opened at $105.77 on Tuesday. The stock has a market capitalization of $5.19 billion, a PE ratio of 35.02, a price-to-earnings-growth ratio of 1.56 and a beta of 1.00. The business’s fifty day moving average price is $96.68 and its 200 day moving average price is $92.94. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.02 and a quick ratio of 1.30. Arcosa, Inc. has a 12-month low of $68.11 and a 12-month high of $111.19.

Arcosa (NYSE:ACA) last issued its earnings results on Wednesday, August 17th. The company reported $0.60 earnings per share for the quarter. Arcosa had a net margin of 5.25% and a return on equity of 7.46%. The company had revenue of $515.10 million for the quarter. Equities research analysts forecast that Arcosa, Inc. will post 3.23 EPS for the current year.

Arcosa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, October 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. Arcosa’s payout ratio is 6.62%.

Analyst Upgrades and Downgrades

ACA has been the topic of a number of research reports. Zacks Research downgraded Arcosa from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Arcosa in a research note on Tuesday, November 25th. DA Davidson raised their price objective on Arcosa from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, August 11th. Barclays upped their target price on Arcosa from $106.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday, November 3rd. Finally, Wall Street Zen downgraded shares of Arcosa from a “buy” rating to a “hold” rating in a research report on Sunday. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Arcosa presently has an average rating of “Moderate Buy” and a consensus target price of $115.00.

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.