Nisa Investment Advisors LLC Increases Holdings in Arcosa, Inc. (NYSE:ACA)

Nisa Investment Advisors LLC increased its position in shares of Arcosa, Inc. (NYSE:ACA) by 8.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,092 shares of the company’s stock after purchasing an additional 463 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Arcosa were worth $589,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Squarepoint Ops LLC acquired a new stake in Arcosa during the 2nd quarter valued at approximately $614,000. Peregrine Asset Advisers Inc. purchased a new position in shares of Arcosa during the third quarter worth $590,000. Barclays PLC raised its holdings in shares of Arcosa by 330.9% during the third quarter. Barclays PLC now owns 81,782 shares of the company’s stock worth $7,750,000 after purchasing an additional 62,804 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in Arcosa by 152.2% during the third 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. Finally, HighTower Advisors LLC boosted its holdings in Arcosa by 969.5% in the third quarter. HighTower Advisors LLC now owns 72,632 shares of the company’s stock valued at $6,812,000 after purchasing an additional 65,841 shares during the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Arcosa Stock Up 1.0 %

ACA opened at $98.12 on Wednesday. The company has a fifty day moving average of $101.97 and a two-hundred day moving average of $95.24. The stock has a market capitalization of $4.79 billion, a price-to-earnings ratio of 37.31 and a beta of 0.76. Arcosa, Inc. has a fifty-two week low of $72.75 and a fifty-two week high of $113.43. 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 (NYSE:ACA) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.13. The firm had revenue of $640.40 million during the quarter, compared to analyst estimates of $682.52 million. Arcosa had a return on equity of 6.64% and a net margin of 5.17%. Arcosa’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.73 EPS. On average, research analysts expect that Arcosa, Inc. will post 3.23 earnings per share for the current year.

Arcosa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date of this dividend is Wednesday, January 15th. Arcosa’s dividend payout ratio (DPR) is presently 7.60%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Oppenheimer lifted their price objective on Arcosa from $105.00 to $110.00 and gave the company an “outperform” rating in a research note on Tuesday, January 14th. Barclays started coverage on Arcosa in a research report on Tuesday, October 29th. They set an “overweight” rating and a $106.00 price target for the company.

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.