Mercuria Capital Strategies LLC Invests $2.47 Million in Arcosa, Inc. $ACA

Mercuria Capital Strategies LLC acquired a new position in shares of Arcosa, Inc. (NYSE:ACA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 23,192 shares of the company’s stock, valued at approximately $2,466,000. Arcosa comprises about 2.0% of Mercuria Capital Strategies LLC’s investment portfolio, making the stock its 20th biggest position.

Several other hedge funds have also made changes to their positions in ACA. Capital International Investors lifted its position in Arcosa by 0.7% during the fourth quarter. Capital International Investors now owns 2,244,231 shares of the company’s stock worth $238,607,000 after buying an additional 15,956 shares during the period. Capital World Investors lifted its position in Arcosa by 5.0% during the fourth quarter. Capital World Investors now owns 1,680,000 shares of the company’s stock worth $178,618,000 after buying an additional 80,000 shares during the period. Royce & Associates LP lifted its position in Arcosa by 0.4% during the third quarter. Royce & Associates LP now owns 1,267,091 shares of the company’s stock worth $118,739,000 after buying an additional 4,652 shares during the period. The Manufacturers Life Insurance Company lifted its position in Arcosa by 25.3% during the second quarter. The Manufacturers Life Insurance Company now owns 763,557 shares of the company’s stock worth $66,208,000 after buying an additional 154,172 shares during the period. Finally, Norges Bank purchased a new position in Arcosa during the fourth quarter worth about $68,225,000. Institutional investors and hedge funds own 90.66% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on ACA shares. Wall Street Zen upgraded Arcosa from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th. Barclays upped their price target on shares of Arcosa from $115.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Oppenheimer assumed coverage on shares of Arcosa in a research report on Thursday, May 28th. They set an “outperform” rating and a $150.00 price target for the company. DA Davidson upped their price target on shares of Arcosa from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Finally, Weiss Ratings lowered shares of Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $138.33.

Arcosa Price Performance

ACA opened at $122.35 on Friday. The company has a quick ratio of 1.60, a current ratio of 2.32 and a debt-to-equity ratio of 0.57. Arcosa, Inc. has a 52-week low of $81.91 and a 52-week high of $135.58. The company has a 50 day moving average of $118.48 and a two-hundred day moving average of $114.21. The company has a market cap of $6.01 billion, a P/E ratio of 27.01, a P/E/G ratio of 1.80 and a beta of 1.06.

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

Arcosa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be paid a $0.05 dividend. The ex-dividend date is Wednesday, July 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. Arcosa’s dividend payout ratio is 4.42%.

About Arcosa

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.