Fmr LLC Acquires 17,648 Shares of Arcosa, Inc. (NYSE:ACA)

Fmr LLC increased its holdings in Arcosa, Inc. (NYSE:ACA) by 95.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 36,097 shares of the company’s stock after purchasing an additional 17,648 shares during the period. Fmr LLC’s holdings in Arcosa were worth $3,421,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its holdings in Arcosa by 1.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 553,157 shares of the company’s stock valued at $46,139,000 after purchasing an additional 6,673 shares during the period. Bank of New York Mellon Corp boosted its holdings in Arcosa by 2.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 456,066 shares of the company’s stock valued at $38,040,000 after purchasing an additional 9,602 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in Arcosa by 152.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 195,358 shares of the company’s stock valued at $18,512,000 after purchasing an additional 117,892 shares during the period. Thornburg Investment Management Inc. boosted its holdings in Arcosa by 7.6% in the 2nd quarter. Thornburg Investment Management Inc. now owns 166,128 shares of the company’s stock valued at $13,850,000 after purchasing an additional 11,735 shares during the period. Finally, First Eagle Investment Management LLC lifted its holdings in shares of Arcosa by 8.3% during the 2nd quarter. First Eagle Investment Management LLC now owns 136,552 shares of the company’s stock worth $11,390,000 after acquiring an additional 10,500 shares during the last quarter. 90.66% of the stock is owned by institutional investors.

Arcosa Trading Up 1.1 %

NYSE:ACA opened at $109.14 on Friday. Arcosa, Inc. has a one year low of $72.75 and a one year high of $113.43. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.61 and a quick ratio of 2.77. The company’s 50-day simple moving average is $101.37 and its 200 day simple moving average is $91.89. The firm has a market capitalization of $5.32 billion, a P/E ratio of 41.50 and a beta of 0.74.

Arcosa (NYSE:ACA) last issued its earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $682.52 million. During the same quarter in the prior year, the firm posted $0.73 earnings per share. The business’s revenue was up 8.2% on a year-over-year basis. As a group, analysts forecast that Arcosa, Inc. will post 3.37 EPS for the current fiscal year.

Arcosa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be issued a dividend of $0.05 per share. The ex-dividend date is Wednesday, January 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.18%. Arcosa’s dividend payout ratio is currently 7.60%.

Wall Street Analyst Weigh In

ACA has been the subject of a number of research analyst reports. Barclays initiated coverage on shares of Arcosa in a report on Tuesday, October 29th. They set an “overweight” rating and a $106.00 price objective for the company. Oppenheimer lifted their price objective on shares of Arcosa from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Monday, August 19th.

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.