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

Northern Trust Corp grew its stake in Arcosa, Inc. (NYSE:ACA - Free Report) by 9.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 654,856 shares of the company's stock after buying an additional 58,489 shares during the period. Northern Trust Corp owned 1.34% of Arcosa worth $63,351,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of Arcosa in the fourth quarter valued at about $73,178,000. Neuberger Berman Group LLC grew its stake in shares of Arcosa by 21.6% in the 4th quarter. Neuberger Berman Group LLC now owns 3,016,597 shares of the company's stock valued at $291,831,000 after purchasing an additional 536,349 shares during the last quarter. Capital International Investors increased its holdings in shares of Arcosa by 42.5% in the fourth quarter. Capital International Investors now owns 888,559 shares of the company's stock valued at $85,959,000 after purchasing an additional 265,056 shares during the period. Oberweis Asset Management Inc. purchased a new stake in shares of Arcosa during the fourth quarter worth approximately $19,638,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Arcosa during the fourth quarter worth $15,919,000. 90.66% of the stock is owned by hedge funds and other institutional investors.

Arcosa Price Performance

Arcosa stock traded up $0.12 during mid-day trading on Friday, reaching $86.93. The company had a trading volume of 249,259 shares, compared to its average volume of 268,438. The stock's 50-day simple moving average is $79.43 and its 200-day simple moving average is $92.94. The company has a market capitalization of $4.24 billion, a P/E ratio of 33.05 and a beta of 1.00. 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 1 year low of $68.11 and a 1 year high of $113.43.

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

Arcosa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date was Tuesday, April 15th. Arcosa's payout ratio is currently 12.58%.

Analyst Ratings Changes

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

Arcosa 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.