Arcosa, Inc. (NYSE:ACA) Shares Bought by Northern Trust Corp

Northern Trust Corp lifted its stake in Arcosa, Inc. (NYSE:ACA - Free Report) by 9.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 654,856 shares of the company's stock after purchasing an additional 58,489 shares during the quarter. Northern Trust Corp owned about 1.34% of Arcosa worth $63,351,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Proficio Capital Partners LLC purchased a new stake in shares of Arcosa in the fourth quarter worth about $30,000. GAMMA Investing LLC increased its stake in shares of Arcosa by 80.9% during the fourth quarter. GAMMA Investing LLC now owns 331 shares of the company's stock worth $32,000 after purchasing an additional 148 shares in the last quarter. Flagship Wealth Advisors LLC purchased a new position in shares of Arcosa in the fourth quarter valued at approximately $52,000. AlphaQuest LLC raised its holdings in Arcosa by 12,050.0% in the 4th quarter. AlphaQuest LLC now owns 729 shares of the company's stock valued at $71,000 after acquiring an additional 723 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV boosted its stake in Arcosa by 1,044.6% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 950 shares of the company's stock worth $92,000 after buying an additional 867 shares during the last quarter. Hedge funds and other institutional investors own 90.66% of the company's stock.

Analysts Set New Price Targets

Separately, Oppenheimer boosted their price target on shares of Arcosa from $105.00 to $110.00 and gave the company an "outperform" rating in a research note on Tuesday, January 14th.

Arcosa Stock Up 2.8%

Shares of Arcosa stock traded up $2.45 during trading on Monday, hitting $89.45. 21,091 shares of the stock were exchanged, compared to its average volume of 268,031. The stock has a market cap of $4.36 billion, a price-to-earnings ratio of 33.94 and a beta of 1.00. The firm's 50-day moving average price is $79.43 and its 200 day moving average price is $92.93. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.61 and a quick ratio of 2.77. Arcosa, Inc. has a 12-month low of $68.11 and a 12-month high of $113.43.

Arcosa (NYSE:ACA - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.20. Arcosa had a return on equity of 6.64% and a net margin of 5.17%. The firm had revenue of $632.00 million during the quarter, compared to the consensus estimate of $613.95 million. During the same period in the prior year, the company posted $0.73 earnings per share. The firm's quarterly revenue was up 5.6% compared to the same quarter last year. As a group, analysts forecast that Arcosa, Inc. will post 3.23 earnings per share for the current fiscal year.

Arcosa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date of this dividend was Tuesday, April 15th. Arcosa's dividend payout ratio is presently 12.58%.

Arcosa Company Profile

Arcosa, Inc, together with its subsidiaries, provides infrastructure-related products and solutions for the construction, engineered structures, and transportation markets in the United States. It operates through three segments: Construction Products, Engineered Structures, and Transportation Products.