Watchtower Advisors LP Makes New Investment in Arcosa, Inc. (NYSE:ACA)

Watchtower Advisors LP purchased a new stake in Arcosa, Inc. (NYSE:ACA - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 28,509 shares of the company's stock, valued at approximately $2,702,000. Arcosa accounts for 1.3% of Watchtower Advisors LP's holdings, making the stock its 15th biggest position. Watchtower Advisors LP owned approximately 0.06% of Arcosa at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ACA. Harbor Capital Advisors Inc. increased its position 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 purchasing an additional 117,892 shares during the last quarter. Algert Global LLC acquired a new position in Arcosa in the second quarter valued at $8,915,000. Jacobs Levy Equity Management Inc. acquired a new position in Arcosa in the third quarter valued at $8,327,000. HighTower Advisors LLC increased its stake in Arcosa by 969.5% during the third quarter. HighTower Advisors LLC now owns 72,632 shares of the company's stock worth $6,812,000 after acquiring an additional 65,841 shares during the last quarter. Finally, Point72 Asset Management L.P. raised its holdings in shares of Arcosa by 236.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 92,512 shares of the company's stock worth $8,766,000 after purchasing an additional 65,041 shares during the period. Institutional investors and hedge funds own 90.66% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on ACA shares. Oppenheimer upped their price target on shares of Arcosa from $100.00 to $105.00 and gave the stock an "outperform" rating in a research report on Monday, August 19th. Barclays started coverage on Arcosa in a report on Tuesday, October 29th. They set an "overweight" rating and a $106.00 target price on the stock.

Arcosa Stock Up 1.1 %

NYSE:ACA traded up $1.21 on Friday, reaching $108.35. The stock had a trading volume of 195,312 shares, compared to its average volume of 240,605. Arcosa, Inc. has a 12-month low of $72.75 and a 12-month high of $113.43. The stock has a market cap of $5.29 billion, a P/E ratio of 40.74 and a beta of 0.74. The company has a current ratio of 3.61, a quick ratio of 2.77 and a debt-to-equity ratio of 0.51. The company has a 50-day moving average of $99.59 and a 200 day moving average of $90.99.

Arcosa (NYSE:ACA - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.78 by $0.13. Arcosa had a return on equity of 6.64% and a net margin of 5.17%. The firm had revenue of $640.40 million during the quarter, compared to analyst estimates of $682.52 million. During the same quarter last year, the firm earned $0.73 EPS. Arcosa's quarterly revenue was up 8.2% on a year-over-year basis. On average, research analysts predict that Arcosa, Inc. will post 3.38 earnings per share for the current year.

Arcosa Announces Dividend

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

Insiders Place Their Bets

In related news, Director Steven J. Demetriou bought 6,000 shares of the stock in a transaction dated 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 completion of the acquisition, the director now owns 9,943 shares of the company's stock, valued at $872,001.10. This trade represents a 152.17 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.30% of the stock is currently owned by company insiders.

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.