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

FMR LLC raised its holdings in shares of Arcosa, Inc. (NYSE:ACA - Free Report) by 95.7% during the third quarter, according to its most recent filing with the SEC. The firm owned 36,097 shares of the company's stock after purchasing an additional 17,648 shares during the period. FMR LLC owned 0.07% of Arcosa worth $3,421,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in ACA. nVerses Capital LLC purchased a new stake in Arcosa during the 2nd quarter worth approximately $25,000. Innealta Capital LLC purchased a new stake in Arcosa in the 2nd quarter worth $69,000. KBC Group NV increased its holdings in Arcosa by 20.5% in the 3rd quarter. KBC Group NV now owns 1,424 shares of the company's stock worth $135,000 after acquiring an additional 242 shares in the last quarter. First Trust Direct Indexing L.P. purchased a new stake in Arcosa in the 3rd quarter worth $206,000. Finally, Sawgrass Asset Management LLC purchased a new stake in shares of Arcosa during the third quarter worth $215,000. Hedge funds and other institutional investors own 90.66% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on ACA shares. Oppenheimer upped their target price on shares of Arcosa from $100.00 to $105.00 and gave the company an "outperform" rating in a research report on Monday, August 19th. Barclays assumed coverage on shares of Arcosa in a research note on Tuesday, October 29th. They issued an "overweight" rating and a $106.00 price target for the company.

Arcosa Trading Up 1.1 %

ACA traded up $1.14 on Friday, reaching $109.14. 230,601 shares of the company's stock were exchanged, compared to its average volume of 240,367. The company has a market cap of $5.32 billion, a price-to-earnings ratio of 41.50 and a beta of 0.74. Arcosa, Inc. has a twelve month low of $72.75 and a twelve month high of $113.43. The company's 50 day moving average is $101.37 and its 200-day moving average is $91.92. 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 - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $0.91 EPS 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 company had revenue of $640.40 million during the quarter, compared to analysts' expectations of $682.52 million. During the same period in the prior year, the business posted $0.73 EPS. The business's revenue was up 8.2% on a year-over-year basis. Equities analysts predict that Arcosa, Inc. will post 3.37 earnings per share for the current year.

Arcosa Dividend Announcement

The business 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 $0.05 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.18%. Arcosa's dividend payout ratio (DPR) is 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.