Capital International Investors Purchases 491,165 Shares of Arcosa, Inc. $ACA

Key Points

• Capital International Investors increased its stake in Arcosa by 28.3%, buying an additional 491,165 shares to own 2,228,275 shares (about 4.54% of the company) valued at $208.8 million.
• Arcosa beat quarterly EPS estimates ($1.15 vs. $0.95) with revenue up 7.6% year-over-year, and it pays a quarterly dividend of $0.05 (annualized $0.20, ~0.2% yield).
• Analyst coverage is mixed—two Buy and two Hold ratings with a consensus target of $120 (DA Davidson raised its target to $125), while Weiss Ratings and Wall Street Zen recently downgraded the stock to Hold.

Capital International Investors boosted its position in shares of Arcosa, Inc. (NYSE:ACA - Free Report) by 28.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,228,275 shares of the company's stock after purchasing an additional 491,165 shares during the quarter. Capital International Investors owned about 4.54% of Arcosa worth $208,812,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. First Horizon Corp bought a new position in shares of Arcosa in the third quarter worth approximately $32,000. Salomon & Ludwin LLC bought a new stake in shares of Arcosa during the third quarter valued at approximately $33,000. Bessemer Group Inc. increased its position 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 acquiring an additional 119 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Arcosa by 77.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 739 shares of the company's stock worth $64,000 after acquiring an additional 322 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC raised its holdings in Arcosa by 15.7% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 787 shares of the company's stock worth $74,000 after acquiring an additional 107 shares during the last quarter. 90.66% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Weiss Ratings downgraded Arcosa from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Monday, March 2nd. DA Davidson boosted their price target on Arcosa from $120.00 to $125.00 and gave the stock a "buy" rating in a research note on Monday, March 2nd. Finally, Wall Street Zen downgraded Arcosa from a "buy" rating to a "hold" rating in a report on Sunday, March 1st. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $120.00.

Arcosa Trading Up 2.0%

Shares of ACA stock opened at $110.42 on Thursday. The company has a current ratio of 2.20, a quick ratio of 1.35 and a debt-to-equity ratio of 0.57. Arcosa, Inc. has a 12-month low of $68.11 and a 12-month high of $131.00. The stock has a market capitalization of $5.41 billion, a P/E ratio of 26.04, a P/E/G ratio of 1.42 and a beta of 1.01. The firm's 50 day moving average is $116.39 and its 200 day moving average is $105.55.

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

Arcosa Dividend Announcement

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

Arcosa 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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