Schuylkill Financial LLC purchased a new stake in shares of Arcosa, Inc. (NYSE:ACA – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 7,673 shares of the company’s stock, valued at approximately $1,115,000. Arcosa comprises about 1.0% of Schuylkill Financial LLC’s portfolio, making the stock its 26th biggest holding.
A number of other large investors have also recently bought and sold shares of ACA. BlackRock Inc. acquired a new position in shares of Arcosa in the 2nd quarter valued at about $1,222,486,000. Franklin Resources Inc. grew its stake in Arcosa by 2,770.5% during the fourth quarter. Franklin Resources Inc. now owns 736,018 shares of the company’s stock worth $78,253,000 after purchasing an additional 710,377 shares during the period. Pentwater Capital Management LP acquired a new stake in Arcosa during the second quarter worth approximately $95,891,000. Norges Bank bought a new stake in Arcosa in the fourth quarter worth approximately $68,225,000. Finally, Bank of New York Mellon Corp bought a new stake in Arcosa in the second quarter worth approximately $50,804,000. 90.66% of the stock is currently owned by institutional investors and hedge funds.
Arcosa Price Performance
Shares of NYSE:ACA opened at $145.55 on Friday. The stock’s 50 day moving average is $145.14 and its 200-day moving average is $128.43. Arcosa, Inc. has a twelve month low of $89.03 and a twelve month high of $146.92. The company has a quick ratio of 2.31, a current ratio of 3.12 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $7.15 billion, a price-to-earnings ratio of 14.58, a PEG ratio of 2.19 and a beta of 1.07.
Arcosa Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be paid a dividend of $0.05 per share. The ex-dividend date is Thursday, October 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.1%. Arcosa’s payout ratio is 2.00%.
Analyst Ratings Changes
Several brokerages have issued reports on ACA. Citigroup lowered Arcosa to a “hold” rating in a research note on Tuesday, June 23rd. Oppenheimer lowered shares of Arcosa from an “outperform” rating to a “market perform” rating in a research note on Friday, June 26th. Wall Street Zen upgraded shares of Arcosa from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th. Texas Capital downgraded shares of Arcosa from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Finally, Weiss Ratings raised shares of Arcosa from a “hold (c+)” rating to a “buy (b)” rating in a research note on Friday, August 21st. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $141.25.
Check Out Our Latest Stock Report on ACA
Arcosa Company Profile
Arcosa, Inc (NYSE: ACA) is a Dallas‐based industrial company that was formed through the spin‐off of Trinity Industries’ construction products business in 2018. Since its inception, Arcosa has focused on the manufacture and sale of critical infrastructure components, serving a diverse set of end markets including transportation, construction and energy.
The company’s Construction Products segment produces a broad range of highway safety products, such as guardrail systems, sign supports and crash cushions, as well as aggregates and ready‐mix concrete.
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