Aptus Capital Advisors LLC Increases Stock Position in Arcosa, Inc. $ACA

Key Points

• Aptus Capital Advisors increased its stake in Arcosa by 15.1% in Q3 to 130,520 shares (about $12.23M), and institutional investors now own roughly 90.66% of the company.
• Arcosa beat earnings expectations this quarter with $1.15 EPS vs. $0.95 consensus, posted revenue of $716.7M (up 7.6% YoY but slightly below estimates), and analysts forecast about $3.23 EPS for the fiscal year.
• Analyst opinions are mixed — the consensus rating is a Moderate Buy with a $120 target (DA Davidson raised its target to $125 while others downgraded) — and the company recently declared a quarterly dividend of $0.05 (0.2% yield).

Aptus Capital Advisors LLC increased its position in shares of Arcosa, Inc. (NYSE:ACA - Free Report) by 15.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 130,520 shares of the company's stock after buying an additional 17,166 shares during the period. Aptus Capital Advisors LLC owned about 0.27% of Arcosa worth $12,231,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. First Horizon Corp acquired a new position in shares of Arcosa in the 3rd quarter valued at approximately $32,000. Salomon & Ludwin LLC bought a new position in Arcosa during the 3rd quarter worth approximately $33,000. Bessemer Group Inc. grew its position in shares of Arcosa by 47.8% in the 3rd quarter. Bessemer Group Inc. now owns 368 shares of the company's stock worth $35,000 after acquiring an additional 119 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Arcosa by 77.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 739 shares of the company's stock valued at $64,000 after acquiring an additional 322 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC raised its position in shares of Arcosa by 15.7% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 787 shares of the company's stock valued at $74,000 after acquiring an additional 107 shares in the last quarter. Institutional investors and hedge funds own 90.66% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Wall Street Zen downgraded shares of Arcosa from a "buy" rating to a "hold" rating in a report on Sunday, March 1st. DA Davidson raised 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 report on Monday. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $120.00.

Arcosa Price Performance

NYSE ACA opened at $109.28 on Friday. Arcosa, Inc. has a 1 year low of $68.11 and a 1 year high of $131.00. The business's fifty day moving average is $116.29 and its two-hundred day moving average is $105.22. The stock has a market capitalization of $5.36 billion, a P/E ratio of 25.77, a P/E/G ratio of 1.46 and a beta of 1.01. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.35 and a current ratio of 2.20.

Arcosa (NYSE:ACA - Get Free Report) last posted its quarterly earnings results on Thursday, February 26th. The company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.20. Arcosa had a return on equity of 8.64% and a net margin of 7.23%.The firm had revenue of $716.70 million for the quarter, compared to analyst estimates of $719.46 million. During the same period in the previous year, the firm earned $0.46 earnings per share. Arcosa's quarterly revenue was up 7.6% on a year-over-year basis. On average, research analysts forecast that Arcosa, Inc. will post 3.23 earnings per share for the current fiscal year.

Arcosa Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Wednesday, April 15th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. Arcosa's dividend payout ratio (DPR) is 4.72%.

Arcosa Company Profile

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.

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