Stonegate Investment Group LLC Sells 240 Shares of Arcosa, Inc. (NYSE:ACA)

Stonegate Investment Group LLC cut its holdings in shares of Arcosa, Inc. (NYSE:ACA) by 7.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 2,855 shares of the company’s stock after selling 240 shares during the period. Stonegate Investment Group LLC’s holdings in Arcosa were worth $276,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC raised its stake in Arcosa by 80.9% during the 4th quarter. GAMMA Investing LLC now owns 331 shares of the company’s stock valued at $32,000 after purchasing an additional 148 shares during the period. Point72 DIFC Ltd bought a new stake in shares of Arcosa during the third quarter valued at approximately $37,000. Blue Trust Inc. raised its position in shares of Arcosa by 16.4% during the fourth quarter. Blue Trust Inc. now owns 1,240 shares of the company’s stock valued at $118,000 after buying an additional 175 shares during the last quarter. KBC Group NV lifted its holdings in shares of Arcosa by 20.5% in the third quarter. KBC Group NV now owns 1,424 shares of the company’s stock worth $135,000 after buying an additional 242 shares in the last quarter. Finally, First Trust Direct Indexing L.P. bought a new position in shares of Arcosa during the third quarter worth $206,000. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Barclays assumed coverage on shares of Arcosa in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $106.00 price target on the stock. Oppenheimer boosted their target price on Arcosa from $105.00 to $110.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 14th.

Arcosa Price Performance

ACA stock opened at $98.12 on Wednesday. Arcosa, Inc. has a 52 week low of $72.75 and a 52 week high of $113.43. The firm has a market capitalization of $4.79 billion, a P/E ratio of 37.31 and a beta of 0.76. The company has a fifty day simple moving average of $101.97 and a two-hundred day simple moving average of $95.24. The company has a quick ratio of 2.77, a current ratio of 3.61 and a debt-to-equity ratio of 0.51.

Arcosa (NYSE:ACA) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.13. Arcosa had a net margin of 5.17% and a return on equity of 6.64%. The firm had revenue of $640.40 million during the quarter, compared to the consensus estimate of $682.52 million. During the same quarter last year, the firm earned $0.73 EPS. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. Analysts anticipate that Arcosa, Inc. will post 3.23 earnings per share for the current fiscal year.

Arcosa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.20%. The ex-dividend date of this dividend is Wednesday, January 15th. Arcosa’s payout ratio is 7.60%.

Arcosa Company 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.