Thrivent Financial for Lutherans Increases Stock Holdings in Arcosa, Inc. (NYSE:ACA)

Thrivent Financial for Lutherans boosted its stake in Arcosa, Inc. (NYSE:ACA - Free Report) by 10.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 72,387 shares of the company's stock after purchasing an additional 6,992 shares during the quarter. Thrivent Financial for Lutherans owned about 0.15% of Arcosa worth $6,859,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company increased its position in Arcosa by 1.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 553,157 shares of the company's stock valued at $46,139,000 after buying an additional 6,673 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Arcosa by 2.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 456,066 shares of the company's stock valued at $38,040,000 after purchasing an additional 9,602 shares in the last quarter. Boston Partners raised its holdings in Arcosa by 272.6% during the first quarter. Boston Partners now owns 220,961 shares of the company's stock worth $18,947,000 after buying an additional 161,662 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in Arcosa by 152.2% during the third quarter. Harbor Capital Advisors Inc. now owns 195,358 shares of the company's stock worth $18,512,000 after buying an additional 117,892 shares during the last quarter. Finally, Thornburg Investment Management Inc. lifted its stake in shares of Arcosa by 7.6% in the second quarter. Thornburg Investment Management Inc. now owns 166,128 shares of the company's stock valued at $13,850,000 after buying an additional 11,735 shares in the last quarter. 90.66% of the stock is owned by institutional investors.

Insider Activity

In other Arcosa news, Director Steven J. Demetriou acquired 6,000 shares of the business's stock in a transaction that occurred on Thursday, September 12th. The stock was bought at an average cost of $87.70 per share, with a total value of $526,200.00. Following the acquisition, the director now owns 9,943 shares in the company, valued at approximately $872,001.10. This represents a 152.17 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.30% of the company's stock.

Arcosa Stock Up 2.1 %

NYSE:ACA traded up $2.24 on Friday, hitting $110.58. The stock had a trading volume of 273,161 shares, compared to its average volume of 290,986. The stock has a market cap of $5.39 billion, a P/E ratio of 42.05 and a beta of 0.71. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.77 and a current ratio of 3.61. The firm's fifty day simple moving average is $96.78 and its two-hundred day simple moving average is $89.69. Arcosa, Inc. has a 1 year low of $72.75 and a 1 year high of $111.10.

Arcosa (NYSE:ACA - Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) 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%. The business's revenue was up 8.2% compared to the same quarter last year. During the same period last year, the firm posted $0.73 EPS. Analysts predict that Arcosa, Inc. will post 3.38 earnings per share for the current year.

Arcosa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date was Tuesday, October 15th. Arcosa's dividend payout ratio is currently 7.60%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ACA. Stephens raised shares of Arcosa from an "equal weight" rating to an "overweight" rating and set a $96.00 price target on the stock in a research report on Wednesday, August 7th. Barclays assumed coverage on Arcosa in a report on Tuesday, October 29th. They issued an "overweight" rating and a $106.00 target price on the stock. Finally, Oppenheimer upped their price target on Arcosa from $100.00 to $105.00 and gave the stock an "outperform" rating in a report on Monday, August 19th.

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.