Beacon Pointe Advisors LLC Buys New Shares in Arcosa, Inc. (NYSE:ACA)

Beacon Pointe Advisors LLC acquired a new stake in shares of Arcosa, Inc. (NYSE:ACA - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 12,768 shares of the company's stock, valued at approximately $1,235,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ACA. Barclays PLC raised its stake in shares of Arcosa by 330.9% in the 3rd quarter. Barclays PLC now owns 81,782 shares of the company's stock valued at $7,750,000 after purchasing an additional 62,804 shares during the period. Franklin Resources Inc. boosted its stake in shares of Arcosa by 6.5% during the 3rd quarter. Franklin Resources Inc. now owns 778,246 shares of the company's stock worth $74,214,000 after buying an additional 47,474 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Arcosa by 80.9% in the 4th quarter. GAMMA Investing LLC now owns 331 shares of the company's stock valued at $32,000 after acquiring an additional 148 shares in the last quarter. Harbor Capital Advisors Inc. increased its position in shares of Arcosa by 0.7% in the fourth quarter. Harbor Capital Advisors Inc. now owns 196,766 shares of the company's stock valued at $19,035,000 after acquiring an additional 1,408 shares during the last quarter. Finally, Sheets Smith Wealth Management acquired a new position in Arcosa during the fourth quarter valued at approximately $536,000. Institutional investors and hedge funds own 90.66% of the company's stock.

Wall Street Analyst Weigh In

Separately, Oppenheimer lifted their price target on Arcosa from $105.00 to $110.00 and gave the stock an "outperform" rating in a report on Tuesday, January 14th.

Arcosa Price Performance

Shares of ACA traded up $3.13 during midday trading on Thursday, hitting $85.18. The company's stock had a trading volume of 58,532 shares, compared to its average volume of 307,406. 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 stock has a market capitalization of $4.15 billion, a price-to-earnings ratio of 32.39 and a beta of 1.00. Arcosa, Inc. has a one year low of $68.11 and a one year high of $113.43. The company's fifty day simple moving average is $79.17 and its two-hundred day simple moving average is $93.02.

Arcosa (NYSE:ACA - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.20. Arcosa had a net margin of 5.17% and a return on equity of 6.64%. The firm had revenue of $632.00 million for the quarter, compared to analyst estimates of $613.95 million. During the same quarter last year, the business posted $0.73 earnings per share. The company's quarterly revenue was up 5.6% on a year-over-year basis. As a group, equities analysts expect that Arcosa, Inc. will post 3.23 earnings per share for the current fiscal year.

Arcosa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date was Tuesday, April 15th. Arcosa's payout ratio is 10.47%.

About Arcosa

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.