Independent Financial Group LLC Acquires New Position in Arcosa, Inc. $ACA

Independent Financial Group LLC bought a new position in shares of Arcosa, Inc. (NYSE:ACA) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,663 shares of the company’s stock, valued at approximately $389,000.

Other hedge funds also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. acquired a new stake in shares of Arcosa during the 1st quarter valued at approximately $32,000. Farther Finance Advisors LLC grew its holdings in shares of Arcosa by 73.4% in the 4th quarter. Farther Finance Advisors LLC now owns 307 shares of the company’s stock worth $33,000 after acquiring an additional 130 shares during the period. Allworth Financial LP grew its holdings in shares of Arcosa by 392.5% in the 4th quarter. Allworth Financial LP now owns 394 shares of the company’s stock worth $42,000 after acquiring an additional 314 shares during the period. Quarry LP increased its stake in Arcosa by 160.0% in the 3rd quarter. Quarry LP now owns 403 shares of the company’s stock valued at $38,000 after purchasing an additional 248 shares in the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Arcosa in the 4th quarter valued at approximately $62,000. 90.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ACA has been the topic of several research reports. Weiss Ratings lowered Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Zacks Research raised Arcosa from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. Oppenheimer lowered shares of Arcosa from an “outperform” rating to a “market perform” rating in a research report on Friday, June 26th. Citigroup cut shares of Arcosa to a “hold” rating in a research note on Tuesday, June 23rd. Finally, Texas Capital downgraded shares of Arcosa from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $138.33.

Arcosa Stock Performance

Arcosa stock opened at $145.00 on Friday. Arcosa, Inc. has a fifty-two week low of $81.91 and a fifty-two week high of $146.92. The company has a market capitalization of $7.12 billion, a price-to-earnings ratio of 32.01, a PEG ratio of 2.13 and a beta of 1.04. The stock has a fifty day moving average of $135.31 and a two-hundred day moving average of $122.37. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.60 and a current ratio of 2.32.

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

Arcosa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $0.20 annualized dividend and a yield of 0.1%. Arcosa’s payout ratio is presently 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.