Asset Management One Co. Ltd. Acquires New Position in Arcosa, Inc. $ACA

Key Points

• Asset Management One bought a new stake of 23,455 shares in Arcosa during Q4 (≈$2.56M); institutional investors now own about 90.66% of the company.
• Arcosa beat quarterly EPS estimates with $1.15 vs. $0.95, revenue rose 7.6% YoY to $716.7M, and the stock trades near $120 with a market cap of roughly $5.91B and a P/E of 28.37.
• The firm declared a quarterly dividend of $0.05 (annualized $0.20, ~0.2% yield; ex-dividend Apr 15), while analysts hold a consensus rating of "Moderate Buy" with a $120 target amid mixed recent upgrades and downgrades.

Asset Management One Co. Ltd. acquired a new stake in shares of Arcosa, Inc. (NYSE:ACA - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 23,455 shares of the company's stock, valued at approximately $2,564,000.

Other institutional investors and hedge funds have also modified their holdings of the company. First Horizon Corp purchased a new position in shares of Arcosa during the third quarter valued at approximately $32,000. Salomon & Ludwin LLC purchased a new position in shares of Arcosa during the third quarter valued at approximately $33,000. Farther Finance Advisors LLC lifted its stake in shares of Arcosa by 73.4% during the fourth quarter. Farther Finance Advisors LLC now owns 307 shares of the company's stock valued at $33,000 after buying an additional 130 shares during the period. Bessemer Group Inc. lifted its stake in shares of Arcosa by 47.8% during the third quarter. Bessemer Group Inc. now owns 368 shares of the company's stock valued at $35,000 after buying an additional 119 shares during the period. Finally, Quarry LP lifted its stake in shares of Arcosa by 160.0% during the third quarter. Quarry LP now owns 403 shares of the company's stock valued at $38,000 after buying an additional 248 shares during the period. Hedge funds and other institutional investors own 90.66% of the company's stock.

Arcosa Stock Performance

NYSE:ACA opened at $120.30 on Friday. The company has a quick ratio of 1.35, a current ratio of 2.20 and a debt-to-equity ratio of 0.57. The company has a market cap of $5.91 billion, a P/E ratio of 28.37, a P/E/G ratio of 1.54 and a beta of 0.96. Arcosa, Inc. has a fifty-two week low of $77.89 and a fifty-two week high of $131.00. The firm's 50 day moving average is $112.20 and its two-hundred day moving average is $108.25.

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, topping analysts' consensus estimates of $0.95 by $0.20. The company had revenue of $716.70 million for the quarter, compared to the consensus estimate of $719.46 million. Arcosa had a net margin of 7.23% and a return on equity of 8.64%. Arcosa's revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.46 earnings per share. Analysts expect that Arcosa, Inc. will post 4.77 EPS for the current year.

Arcosa Dividend Announcement

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

Wall Street Analyst Weigh In

ACA has been the topic of several recent analyst reports. DA Davidson upped their price objective on shares of Arcosa from $120.00 to $125.00 and gave the company a "buy" rating in a research note on Monday, March 2nd. Texas Capital raised shares of Arcosa to a "strong-buy" rating in a research note on Friday, March 27th. Weiss Ratings downgraded shares of Arcosa from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, April 9th. Finally, Wall Street Zen downgraded shares of Arcosa from a "buy" rating to a "hold" rating in a research note on Sunday, March 1st. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $120.00.

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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