Franklin Resources Inc. Boosts Stake in Arcosa, Inc. (NYSE:ACA)

Franklin Resources Inc. lifted its stake in shares of Arcosa, Inc. (NYSE:ACA - Free Report) by 6.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 778,246 shares of the company's stock after purchasing an additional 47,474 shares during the quarter. Franklin Resources Inc. owned 1.60% of Arcosa worth $74,214,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Louisiana State Employees Retirement System increased its holdings in shares of Arcosa by 1.2% in the second quarter. Louisiana State Employees Retirement System now owns 24,400 shares of the company's stock worth $2,035,000 after purchasing an additional 300 shares during the period. Bank of New York Mellon Corp increased its stake 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 worth $38,040,000 after acquiring an additional 9,602 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Arcosa by 2.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,946 shares of the company's stock valued at $1,080,000 after acquiring an additional 263 shares in the last quarter. Innealta Capital LLC bought a new stake in shares of Arcosa during the 2nd quarter valued at about $69,000. Finally, nVerses Capital LLC purchased a new position in shares of Arcosa during the second quarter worth about $25,000. Hedge funds and other institutional investors own 90.66% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Barclays started coverage on shares of Arcosa in a research report on Tuesday, October 29th. They set an "overweight" rating and a $106.00 target price 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 Trading Down 1.0 %

Shares of NYSE:ACA traded down $1.05 on Tuesday, hitting $106.79. The company had a trading volume of 267,843 shares, compared to its average volume of 240,368. Arcosa, Inc. has a 1 year low of $72.75 and a 1 year high of $113.43. The company has a quick ratio of 2.77, a current ratio of 3.61 and a debt-to-equity ratio of 0.51. The firm's 50-day simple moving average is $101.66 and its two-hundred day simple moving average is $92.10. The firm has a market capitalization of $5.21 billion, a price-to-earnings ratio of 40.60 and a beta of 0.74.

Arcosa (NYSE:ACA - Get Free Report) last posted its quarterly earnings data 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. Arcosa had a return on equity of 6.64% and a net margin of 5.17%. The business 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 firm posted $0.73 EPS. The business's revenue was up 8.2% on a year-over-year basis. Equities analysts anticipate that Arcosa, Inc. will post 3.37 earnings per share for the current fiscal year.

Arcosa Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.19%. Arcosa's dividend payout ratio (DPR) is currently 7.60%.

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.