WINTON GROUP Ltd Purchases New Shares in Arcosa, Inc. $ACA

Key Points

• WINTON GROUP Ltd purchased 34,564 Arcosa shares worth approximately $5.02 million, representing about 0.07% of the company. Institutional investors and hedge funds collectively own 90.66% of Arcosa.
• Arcosa’s latest quarterly results fell short of expectations, with EPS of $1.13 versus the $1.18 consensus estimate and revenue of $658.7 million, down 10.6% year over year.
• The company declared a quarterly dividend of $0.05 per share, while analysts maintain an overall “Hold” rating with an average price target of $141.25.

WINTON GROUP Ltd acquired a new stake in Arcosa, Inc. (NYSE:ACA - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 34,564 shares of the company's stock, valued at approximately $5,022,000. WINTON GROUP Ltd owned approximately 0.07% of Arcosa as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. State of Wyoming acquired a new stake in shares of Arcosa during the 1st quarter valued at about $30,000. GHP Investment Advisors Inc. purchased a new position in Arcosa during the first quarter worth approximately $32,000. Quarry LP boosted its position in Arcosa by 160.0% during the third quarter. Quarry LP now owns 403 shares of the company's stock worth $38,000 after purchasing an additional 248 shares in the last quarter. Allworth Financial LP grew its holdings in Arcosa by 392.5% in the fourth quarter. Allworth Financial LP now owns 394 shares of the company's stock valued at $42,000 after purchasing an additional 314 shares during the period. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in Arcosa in the second quarter valued at approximately $53,000. Institutional investors and hedge funds own 90.66% of the company's stock.

Arcosa Stock Performance

NYSE ACA opened at $145.28 on Friday. The company has a market cap of $7.13 billion, a PE ratio of 14.56, a price-to-earnings-growth ratio of 2.18 and a beta of 1.07. The stock's 50 day simple moving average is $145.19 and its 200-day simple moving average is $129.02. Arcosa, Inc. has a 1-year low of $89.03 and a 1-year high of $146.92. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.12 and a quick ratio of 2.31.

Arcosa (NYSE:ACA - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $1.13 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.05). Arcosa had a return on equity of 7.90% and a net margin of 17.90%.The firm had revenue of $658.70 million for the quarter, compared to analysts' expectations of $687.50 million. During the same quarter in the previous year, the firm posted $1.27 earnings per share. The firm's revenue for the quarter was down 10.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Arcosa, Inc. will post 4.16 EPS for the current fiscal year.

Arcosa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.1%. Arcosa's dividend payout ratio is presently 2.00%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Oppenheimer downgraded Arcosa from an "outperform" rating to a "market perform" rating in a research note on Friday, June 26th. Citigroup cut shares of Arcosa to a "hold" rating in a research note on Tuesday, June 23rd. Stephens set a $150.00 price target on shares of Arcosa in a report on Thursday, August 6th. Weiss Ratings upgraded shares of Arcosa from a "hold (c+)" rating to a "buy (b)" rating in a research report on Friday, August 21st. Finally, Zacks Research raised shares of Arcosa from a "strong sell" rating to a "hold" rating in a report on Monday, June 22nd. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $141.25.

Arcosa Profile

Arcosa, Inc NYSE: ACA is an infrastructure-related products and solutions company headquartered in Dallas, Texas. The company serves customers in the construction, utility, transportation and industrial markets, with operations primarily in the United States and a presence in selected international markets.

Arcosa operates through businesses that provide construction products, engineered structures and transportation products. Its offerings include aggregates and other construction materials, concrete and drainage products, utility and communication structures, wind towers, traffic structures, inland barges and rail transportation components.

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