First Nebraska Trust Co Invests $746,000 in Arcosa, Inc. $ACA

Key Points

• First Nebraska Trust Co. purchased 7,032 Arcosa shares worth approximately $746,000 in the first quarter. Institutional investors and hedge funds collectively own 90.66% of the company, with several major firms recently increasing their positions.
• Analyst sentiment is broadly neutral: Arcosa has a consensus “Hold” rating from seven analysts, with an average price target of $138.33.
• Arcosa reported quarterly EPS of $0.51, beating estimates of $0.13, while revenue reached $571.7 million, up 5% year over year but below expectations. The company also paid a quarterly dividend of $0.05 per share.

First Nebraska Trust Co bought a new stake in shares of Arcosa, Inc. (NYSE:ACA - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 7,032 shares of the company's stock, valued at approximately $746,000.

Several other large investors have also recently made changes to their positions in the company. Franklin Resources Inc. grew its position in Arcosa by 2,770.5% during the fourth quarter. Franklin Resources Inc. now owns 736,018 shares of the company's stock valued at $78,253,000 after buying an additional 710,377 shares during the period. Norges Bank acquired a new position in shares of Arcosa in the fourth quarter worth about $68,225,000. T. Rowe Price Investment Management Inc. raised its position in shares of Arcosa by 25.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,707,884 shares of the company's stock worth $181,583,000 after acquiring an additional 342,242 shares during the period. Bank of America Corp DE boosted its stake in shares of Arcosa by 80.5% during the 2nd quarter. Bank of America Corp DE now owns 465,140 shares of the company's stock worth $40,332,000 after acquiring an additional 207,457 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Arcosa by 25.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 763,557 shares of the company's stock worth $66,208,000 after acquiring an additional 154,172 shares in the last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently weighed in on ACA. Citigroup lowered Arcosa to a "hold" rating in a research note on Tuesday, June 23rd. Oppenheimer downgraded Arcosa from an "outperform" rating to a "market perform" rating in a research report on Friday, June 26th. Weiss Ratings lowered Arcosa from a "buy (b-)" rating to a "hold (c+)" rating in a report on Monday, May 11th. Zacks Research upgraded Arcosa from a "strong sell" rating to a "hold" rating in a research report on Monday, June 22nd. Finally, Wall Street Zen raised Arcosa from a "sell" rating to a "hold" rating in a research note on Saturday, May 30th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $138.33.

Arcosa Stock Up 0.1%

Shares of NYSE ACA opened at $145.39 on Monday. The firm has a market cap of $7.14 billion, a price-to-earnings ratio of 32.09, a price-to-earnings-growth ratio of 2.14 and a beta of 1.04. The company's 50-day simple moving average is $137.85 and its 200-day simple moving average is $123.73. The company has a quick ratio of 1.60, a current ratio of 2.32 and a debt-to-equity ratio of 0.57. Arcosa, Inc. has a 52-week low of $81.91 and a 52-week high of $146.92.

Arcosa (NYSE:ACA - Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.38. The firm had revenue of $571.70 million during the quarter, compared to the consensus estimate of $642.40 million. Arcosa had a net margin of 7.88% and a return on equity of 8.52%. The company's revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.49 EPS. Equities analysts predict that Arcosa, Inc. will post 4.25 EPS for the current fiscal year.

Arcosa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.1%. The ex-dividend date was Wednesday, July 15th. Arcosa's payout ratio is 4.42%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.