First Trust Advisors LP Has $49.60 Million Stock Position in Arcosa, Inc. $ACA

Key Points

• First Trust Advisors LP trimmed its stake in Arcosa by 14.2% in Q3 to 529,328 shares (about $49.6 million), and institutional investors now own roughly 90.66% of the company.
• Analysts are mixed but the consensus is a Moderate Buy with an average price target of $120 (two Buy ratings and two Hold ratings).
• Arcosa reported quarterly EPS of $1.15 versus estimates of $0.95 and revenue up 7.6% year‑over‑year (slightly below revenue expectations), and announced a $0.05 quarterly dividend (0.2% yield).

First Trust Advisors LP trimmed its stake in Arcosa, Inc. (NYSE:ACA - Free Report) by 14.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 529,328 shares of the company's stock after selling 87,937 shares during the period. First Trust Advisors LP owned about 1.08% of Arcosa worth $49,603,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Neuberger Berman Group LLC lifted its holdings in Arcosa by 1.6% during the 2nd quarter. Neuberger Berman Group LLC now owns 3,172,694 shares of the company's stock worth $275,153,000 after buying an additional 50,624 shares in the last quarter. Royce & Associates LP raised its holdings in Arcosa by 0.4% in the third quarter. Royce & Associates LP now owns 1,267,091 shares of the company's stock worth $118,739,000 after purchasing an additional 4,652 shares during the period. The Manufacturers Life Insurance Company raised its stake in 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 buying an additional 154,172 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Arcosa by 0.4% during the 2nd quarter. Franklin Resources Inc. now owns 760,868 shares of the company's stock valued at $65,975,000 after purchasing an additional 3,308 shares in the last quarter. Finally, Norges Bank bought a new position in Arcosa in the second quarter valued at approximately $49,475,000. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ACA has been the topic of several research reports. DA Davidson boosted their target price on Arcosa from $120.00 to $125.00 and gave the company a "buy" rating in a research note on Monday, March 2nd. Weiss Ratings lowered Arcosa from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Monday, March 2nd. Finally, Wall Street Zen lowered shares of Arcosa from a "buy" rating to a "hold" rating in a research report on Sunday, March 1st. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Arcosa presently has a consensus rating of "Moderate Buy" and an average target price of $120.00.

Arcosa Stock Up 2.0%

NYSE ACA opened at $110.42 on Thursday. The business has a fifty day moving average price of $116.39 and a two-hundred day moving average price of $105.55. The stock has a market capitalization of $5.41 billion, a PE ratio of 26.04, a PEG ratio of 1.42 and a beta of 1.01. Arcosa, Inc. has a fifty-two week low of $68.11 and a fifty-two week high of $131.00. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.20 and a quick ratio of 1.35.

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

Arcosa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Wednesday, April 15th will be paid 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 payout ratio is presently 4.72%.

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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