California State Teachers Retirement System Grows Holdings in Arcosa, Inc. $ACA

California State Teachers Retirement System raised its stake in Arcosa, Inc. (NYSE:ACA - Free Report) by 5.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 54,840 shares of the company's stock after buying an additional 2,657 shares during the period. California State Teachers Retirement System owned approximately 0.11% of Arcosa worth $7,967,704 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in ACA. Greenland Capital Management LP acquired a new position in Arcosa in the 2nd quarter worth $1,453,000. HB Wealth Management LLC purchased a new position in shares of Arcosa during the 2nd quarter valued at $231,000. Schuylkill Financial LLC bought a new stake in Arcosa during the second quarter valued at approximately $1,115,000. Concurrent Investment Advisors LLC purchased a new stake in Arcosa in the second quarter worth $240,000. Finally, Nykredit A S bought a new position in shares of Arcosa in the second quarter worth approximately $428,000. Institutional investors and hedge funds own 90.66% of the company's stock.

Arcosa Trading Up 0.1%

ACA traded up $0.10 during trading hours on Tuesday, reaching $145.25. The company's stock had a trading volume of 206,079 shares, compared to its average volume of 474,158. The stock has a market cap of $7.13 billion, a PE ratio of 14.55, a P/E/G ratio of 2.18 and a beta of 1.07. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.12 and a quick ratio of 2.31. The business's 50-day moving average is $145.20 and its 200-day moving average is $129.33. Arcosa, Inc. has a fifty-two week low of $89.03 and a fifty-two week high of $146.92.

Arcosa (NYSE:ACA - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by ($0.05). The company had revenue of $658.70 million for the quarter, compared to analyst estimates of $687.50 million. Arcosa had a return on equity of 7.90% and a net margin of 17.90%.The company's revenue for the quarter was down 10.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.27 earnings per share. As a group, equities research analysts predict that Arcosa, Inc. will post 4.16 earnings per share for the current fiscal year.

Arcosa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.1%. Arcosa's dividend payout ratio is 2.00%.

Analyst Upgrades and Downgrades

ACA has been the subject of a number of research analyst reports. Zacks Research raised Arcosa from a "strong sell" rating to a "hold" rating in a research report on Monday, June 22nd. Oppenheimer cut Arcosa from an "outperform" rating to a "market perform" rating in a report on Friday, June 26th. Weiss Ratings raised shares of Arcosa from a "hold (c+)" rating to a "buy (b)" rating in a research note on Friday, August 21st. Texas Capital lowered shares of Arcosa from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 23rd. Finally, Stephens set a $150.00 target price on Arcosa in a research report on Thursday, August 6th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $141.25.

Arcosa Profile

Arcosa, Inc NYSE: ACA is an infrastructure-related products and solutions company headquartered in Dallas, Texas. The company serves customers in the construction, utility, transportation and industrial markets, with operations primarily in the United States and a presence in selected international markets.

Arcosa operates through businesses that provide construction products, engineered structures and transportation products. Its offerings include aggregates and other construction materials, concrete and drainage products, utility and communication structures, wind towers, traffic structures, inland barges and rail transportation components.

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