Natixis Advisors LLC Buys 3,013 Shares of Arcosa, Inc. (NYSE:ACA)

Natixis Advisors LLC raised its stake in Arcosa, Inc. (NYSE:ACA) by 8.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,692 shares of the company’s stock after purchasing an additional 3,013 shares during the period. Natixis Advisors LLC’s holdings in Arcosa were worth $3,761,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. nVerses Capital LLC bought a new stake in Arcosa during the 2nd quarter valued at $25,000. Innealta Capital LLC acquired a new stake in shares of Arcosa in the 2nd quarter worth about $69,000. KBC Group NV raised its holdings in shares of Arcosa by 20.5% in the 3rd quarter. KBC Group NV now owns 1,424 shares of the company’s stock worth $135,000 after acquiring an additional 242 shares during the last quarter. Bank & Trust Co bought a new position in Arcosa in the 2nd quarter valued at about $196,000. Finally, First Trust Direct Indexing L.P. acquired a new position in Arcosa during the 3rd quarter valued at about $206,000. 90.66% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on ACA shares. Stephens raised Arcosa from an “equal weight” rating to an “overweight” rating and set a $96.00 price objective for the company in a research note on Wednesday, August 7th. Oppenheimer increased their price target on Arcosa from $100.00 to $105.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Finally, Barclays assumed coverage on shares of Arcosa in a research report on Tuesday, October 29th. They set an “overweight” rating and a $106.00 price target on the stock.

Arcosa Price Performance

Shares of NYSE:ACA opened at $110.58 on Friday. The company has a market capitalization of $5.39 billion, a P/E ratio of 42.05 and a beta of 0.71. The company’s 50-day moving average is $96.78 and its 200 day moving average is $89.69. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.77 and a current ratio of 3.61. Arcosa, Inc. has a fifty-two week low of $72.75 and a fifty-two week high of $111.10.

Arcosa (NYSE:ACA) last released its earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.13. Arcosa had a net margin of 5.17% and a return on equity of 6.64%. The firm had revenue of $640.40 million for the quarter, compared to analysts’ expectations of $682.52 million. During the same period in the previous year, the company earned $0.73 earnings per share. The company’s quarterly revenue was up 8.2% on a year-over-year basis. On average, equities research analysts forecast that Arcosa, Inc. will post 3.38 earnings per share for the current year.

Arcosa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.18%. The ex-dividend date of this dividend was Tuesday, October 15th. Arcosa’s dividend payout ratio (DPR) is 7.60%.

Insiders Place Their Bets

In other Arcosa news, Director Steven J. Demetriou acquired 6,000 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were acquired at an average cost of $87.70 per share, with a total value of $526,200.00. Following the completion of the acquisition, the director now directly owns 9,943 shares in the company, valued at $872,001.10. This trade represents a 152.17 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.30% of the company’s stock.

About Arcosa

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.