24,400 Shares in Arcosa, Inc. (NYSE:ACA) Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new position in Arcosa, Inc. (NYSE:ACA - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 24,400 shares of the company's stock, valued at approximately $2,016,000. Louisiana State Employees Retirement System owned approximately 0.05% of Arcosa as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Arcosa by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 5,517,454 shares of the company's stock worth $396,705,000 after purchasing an additional 68,240 shares in the last quarter. State Street Corp lifted its stake in shares of Arcosa by 2.1% during the first quarter. State Street Corp now owns 2,001,753 shares of the company's stock worth $126,331,000 after buying an additional 41,957 shares during the period. Capital World Investors lifted its position in Arcosa by 19.0% during the 1st quarter. Capital World Investors now owns 1,881,470 shares of the company's stock worth $107,714,000 after acquiring an additional 300,000 shares during the period. Goldman Sachs Group Inc. lifted its position in Arcosa by 7.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,128,796 shares of the company's stock worth $52,410,000 after acquiring an additional 79,024 shares during the period. Finally, Geode Capital Management LLC lifted its position in Arcosa by 3.8% during the 1st quarter. Geode Capital Management LLC now owns 925,293 shares of the company's stock worth $58,395,000 after acquiring an additional 34,080 shares during the period. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Oppenheimer lifted their target price on Arcosa from $85.00 to $90.00 and gave the stock an "outperform" rating in a report on Friday, February 23rd. DA Davidson lifted their price objective on shares of Arcosa from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Wednesday, February 28th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Arcosa currently has a consensus rating of "Moderate Buy" and a consensus price target of $90.00.

Arcosa Stock Performance

Shares of ACA stock traded down $1.09 on Thursday, hitting $75.78. The company had a trading volume of 320,198 shares, compared to its average volume of 213,453. Arcosa, Inc. has a twelve month low of $57.74 and a twelve month high of $89.07. The firm has a market cap of $3.68 billion, a P/E ratio of 23.25 and a beta of 0.66. The company has a 50-day moving average price of $82.65 and a 200-day moving average price of $77.90. The company has a quick ratio of 1.18, a current ratio of 2.12 and a debt-to-equity ratio of 0.24.

Arcosa (NYSE:ACA - Get Free Report) last announced its quarterly earnings results on Friday, February 23rd. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.35. Arcosa had a return on equity of 6.90% and a net margin of 6.90%. The company had revenue of $582.20 million during the quarter, compared to the consensus estimate of $554.54 million. During the same period in the previous year, the company posted $0.24 earnings per share. Arcosa's revenue for the quarter was up 16.4% on a year-over-year basis. As a group, equities research analysts predict that Arcosa, Inc. will post 3.38 earnings per share for the current fiscal year.

Arcosa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be given a $0.05 dividend. The ex-dividend date is Friday, April 12th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.26%. Arcosa's dividend payout ratio (DPR) is currently 6.13%.

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.