Arcosa, Inc. (NYSE:ACA) Shares Sold by Peddock Capital Advisors LLC

Peddock Capital Advisors LLC lessened its position in Arcosa, Inc. (NYSE:ACA) by 1.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,016 shares of the company’s stock after selling 230 shares during the quarter. Peddock Capital Advisors LLC’s holdings in Arcosa were worth $1,356,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of ACA. State Street Corp boosted its position in shares of Arcosa by 1.1% during the 3rd quarter. State Street Corp now owns 1,981,385 shares of the company’s stock worth $187,756,000 after acquiring an additional 22,258 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Arcosa by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,129,456 shares of the company’s stock worth $107,047,000 after purchasing an additional 16,032 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Arcosa by 6.5% during the third quarter. Franklin Resources Inc. now owns 778,246 shares of the company’s stock worth $74,214,000 after purchasing an additional 47,474 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Arcosa by 1.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 553,157 shares of the company’s stock valued at $46,139,000 after purchasing an additional 6,673 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its position in shares of Arcosa by 0.7% in the 4th quarter. Harbor Capital Advisors Inc. now owns 196,766 shares of the company’s stock valued at $19,035,000 after purchasing an additional 1,408 shares during the period. 90.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Barclays started coverage on Arcosa in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $106.00 price objective for the company.

Arcosa Stock Performance

ACA stock traded up $0.81 during trading on Monday, hitting $93.10. The company had a trading volume of 244,033 shares, compared to its average volume of 209,476. Arcosa, Inc. has a 1-year low of $72.75 and a 1-year high of $113.43. The firm has a 50-day moving average price of $103.10 and a 200-day moving average price of $93.92. The company has a quick ratio of 2.77, a current ratio of 3.61 and a debt-to-equity ratio of 0.51. The firm has a market cap of $4.54 billion, a PE ratio of 35.40 and a beta of 0.76.

Arcosa (NYSE:ACA) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.78 by $0.13. The business had revenue of $640.40 million during the quarter, compared to analysts’ expectations of $682.52 million. Arcosa had a return on equity of 6.64% and a net margin of 5.17%. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.73 earnings per share. On average, analysts expect that Arcosa, Inc. will post 3.37 earnings per share for the current year.

Arcosa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.21%. The ex-dividend date of this dividend is Wednesday, January 15th. Arcosa’s dividend payout ratio (DPR) is 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.