Horizon Investments LLC Takes Position in Arcosa, Inc. $ACA

Horizon Investments LLC acquired a new stake in shares of Arcosa, Inc. (NYSE:ACA - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,111 shares of the company's stock, valued at approximately $1,925,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital International Investors raised its stake in Arcosa by 28.3% in the third quarter. Capital International Investors now owns 2,228,275 shares of the company's stock worth $208,812,000 after buying an additional 491,165 shares in the last quarter. Royce & Associates LP raised its stake 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 buying an additional 4,652 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Arcosa by 25.3% in the second 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 in the last quarter. Bank of America Corp DE raised its stake in Arcosa by 80.5% in the second quarter. Bank of America Corp DE now owns 465,140 shares of the company's stock worth $40,332,000 after buying an additional 207,457 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its stake in Arcosa by 8.0% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 426,705 shares of the company's stock worth $45,367,000 after buying an additional 31,500 shares in the last quarter. 90.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Arcosa from a "buy" rating to a "hold" rating in a research note on Sunday, March 1st. Barclays increased their price target on shares of Arcosa from $115.00 to $140.00 and gave the stock an "overweight" rating in a research note on Monday. DA Davidson increased their price target on shares of Arcosa from $120.00 to $125.00 and gave the stock a "buy" rating in a research note on Monday, March 2nd. Zacks Research downgraded shares of Arcosa from a "hold" rating to a "strong sell" rating in a research note on Tuesday, April 28th. Finally, Weiss Ratings raised shares of Arcosa from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Arcosa has an average rating of "Moderate Buy" and a consensus price target of $132.50.

Arcosa Price Performance

Shares of ACA opened at $131.14 on Wednesday. The stock has a market cap of $6.44 billion, a PE ratio of 28.95, a price-to-earnings-growth ratio of 2.03 and a beta of 1.08. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.60 and a current ratio of 2.32. Arcosa, Inc. has a fifty-two week low of $81.59 and a fifty-two week high of $131.36. The firm's 50-day simple moving average is $111.75 and its two-hundred day simple moving average is $109.77.

Arcosa (NYSE:ACA - Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.38. The business had revenue of $571.70 million for the quarter, compared to analysts' expectations of $642.40 million. Arcosa had a net margin of 7.88% and a return on equity of 8.52%. The business's revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.49 earnings per share. Analysts anticipate that Arcosa, Inc. will post 3.8 earnings per share for the current fiscal year.

Arcosa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Wednesday, April 15th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Wednesday, April 15th. Arcosa's dividend 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.

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