Dimensional Fund Advisors LP Has $216.45 Million Position in Arcosa, Inc. $ACA

Key Points

• Dimensional Fund Advisors trimmed its stake by 2.6% to 2,309,842 shares and now owns 4.71% of Arcosa, a position valued at about $216.45 million, while institutional investors hold roughly 90.66% of the stock.
• Arcosa beat EPS estimates with $1.15 vs. $0.95 consensus and reported revenue up 7.6% year‑over‑year to $716.7 million (slightly below estimates); the quarter showed a net margin of 7.23% and ROE of 8.64%.
• The company announced a quarterly dividend of $0.05 (annualized $0.20, yield ~0.2%), and analysts are split (two Buy, two Hold) with an average target of $120$5.36 billion and a P/E of 25.77.

Dimensional Fund Advisors LP cut its position in shares of Arcosa, Inc. (NYSE:ACA - Free Report) by 2.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,309,842 shares of the company's stock after selling 61,047 shares during the quarter. Dimensional Fund Advisors LP owned 4.71% of Arcosa worth $216,448,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Horizon Corp acquired a new position in Arcosa in the third quarter valued at about $32,000. Salomon & Ludwin LLC bought a new position in Arcosa during the third quarter worth about $33,000. Bessemer Group Inc. grew its position in shares of Arcosa by 47.8% during the 3rd quarter. Bessemer Group Inc. now owns 368 shares of the company's stock worth $35,000 after buying an additional 119 shares during the period. EverSource Wealth Advisors LLC increased its stake 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 increased its stake in shares of Arcosa by 15.7% in 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 during the last quarter. 90.66% of the stock is currently owned by institutional investors.

Arcosa Stock Performance

NYSE:ACA opened at $109.28 on Friday. The stock has a 50 day simple moving average of $116.29 and a 200 day simple moving average of $105.27. The stock has a market cap of $5.36 billion, a P/E ratio of 25.77, a PEG ratio of 1.43 and a beta of 1.01. Arcosa, Inc. has a 1-year low of $68.11 and a 1-year high of $131.00. 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 (NYSE:ACA - Get Free Report) last issued its quarterly earnings data on Thursday, February 26th. The company reported $1.15 EPS for the quarter, beating analysts' consensus estimates of $0.95 by $0.20. The firm had revenue of $716.70 million for the quarter, compared to analyst estimates of $719.46 million. Arcosa had a return on equity of 8.64% and a net margin of 7.23%.The company's revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.46 EPS. Research analysts anticipate that Arcosa, Inc. will post 3.23 earnings per share for the current year.

Arcosa Announces Dividend

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. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a $0.20 annualized dividend and a yield of 0.2%. Arcosa's dividend payout ratio is currently 4.72%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Weiss Ratings lowered Arcosa from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Monday, March 2nd. DA Davidson lifted their price target 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. Finally, Wall Street Zen cut shares of Arcosa from a "buy" rating to a "hold" rating in a report on Sunday, March 1st. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average 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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