Arcosa, Inc. $ACA Stock Holdings Increased by Franklin Resources Inc.

Franklin Resources Inc. boosted its holdings in shares of Arcosa, Inc. (NYSE:ACA) by 0.4% in the 2nd quarter, Holdings Channel reports. The firm owned 760,868 shares of the company’s stock after buying an additional 3,308 shares during the period. Franklin Resources Inc.’s holdings in Arcosa were worth $65,975,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in ACA. Legal & General Group Plc increased its holdings in shares of Arcosa by 0.6% in the second quarter. Legal & General Group Plc now owns 134,917 shares of the company’s stock valued at $11,699,000 after buying an additional 828 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Arcosa in the 2nd quarter worth $1,204,000. Creative Planning raised its position in shares of Arcosa by 72.6% during the second quarter. Creative Planning now owns 31,229 shares of the company’s stock worth $2,708,000 after purchasing an additional 13,131 shares during the period. SG Americas Securities LLC raised its position in shares of Arcosa by 25.2% during the second quarter. SG Americas Securities LLC now owns 13,706 shares of the company’s stock worth $1,188,000 after purchasing an additional 2,756 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Arcosa by 7.4% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,533 shares of the company’s stock worth $1,087,000 after purchasing an additional 860 shares during the period. Institutional investors and hedge funds own 90.66% of the company’s stock.

Arcosa Stock Up 2.1%

ACA stock opened at $104.61 on Tuesday. Arcosa, Inc. has a 12-month low of $68.11 and a 12-month high of $113.43. The company has a quick ratio of 1.30, a current ratio of 2.02 and a debt-to-equity ratio of 0.61. The company has a market cap of $5.13 billion, a price-to-earnings ratio of 34.64, a PEG ratio of 1.50 and a beta of 1.01. The company has a 50 day moving average of $95.55 and a two-hundred day moving average of $92.33.

Arcosa (NYSE:ACA) last posted its quarterly earnings results on Wednesday, August 17th. The company reported $0.60 EPS for the quarter. Arcosa had a net margin of 5.25% and a return on equity of 7.46%. The business had revenue of $515.10 million for the quarter. On average, equities analysts anticipate that Arcosa, Inc. will post 3.23 earnings per share for the current fiscal year.

Arcosa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Wednesday, October 15th. Arcosa’s dividend payout ratio is presently 6.62%.

Wall Street Analyst Weigh In

ACA has been the topic of a number of analyst reports. Zacks Research cut Arcosa from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. DA Davidson lifted their target price on shares of Arcosa from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, August 11th. Wall Street Zen upgraded shares of Arcosa from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings restated a “buy (b-)” rating on shares of Arcosa in a research report on Wednesday, November 19th. Finally, Barclays raised their price objective on shares of Arcosa from $106.00 to $115.00 and gave the stock an “overweight” rating in a research note on Monday, November 3rd. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.00.

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.