Vaughan Nelson Investment Management L.P. Grows Stake in Arcosa, Inc. $ACA

Vaughan Nelson Investment Management L.P. raised its position in Arcosa, Inc. (NYSE:ACA) by 2.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 436,330 shares of the company’s stock after buying an additional 9,625 shares during the period. Vaughan Nelson Investment Management L.P. owned about 0.89% of Arcosa worth $46,312,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC increased its position in shares of Arcosa by 73.4% during the fourth quarter. Farther Finance Advisors LLC now owns 307 shares of the company’s stock worth $33,000 after acquiring an additional 130 shares during the period. Allworth Financial LP raised its stake in Arcosa by 392.5% in the fourth quarter. Allworth Financial LP now owns 394 shares of the company’s stock valued at $42,000 after buying an additional 314 shares in the last quarter. Quarry LP boosted its position in shares of Arcosa by 160.0% during the 3rd quarter. Quarry LP now owns 403 shares of the company’s stock worth $38,000 after acquiring an additional 248 shares in the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Arcosa in the fourth quarter valued at approximately $62,000. Finally, Danske Bank A S purchased a new position in shares of Arcosa in the 3rd quarter valued at $66,000. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Arcosa Stock Down 0.1%

Shares of Arcosa stock opened at $135.75 on Monday. Arcosa, Inc. has a one year low of $81.91 and a one year high of $137.76. The company has a market cap of $6.67 billion, a P/E ratio of 29.97, a PEG ratio of 2.00 and a beta of 1.06. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.60 and a current ratio of 2.32. The firm has a fifty day moving average of $123.18 and a two-hundred day moving average of $116.16.

Arcosa (NYSE:ACA) last issued its earnings results on Thursday, April 30th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.38. The business had revenue of $571.70 million for the quarter, compared to the consensus estimate of $642.40 million. Arcosa had a net margin of 7.88% and a return on equity of 8.52%. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.49 earnings per share. On average, analysts forecast that Arcosa, Inc. will post 4.25 earnings per share for the current year.

Arcosa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be given a dividend of $0.05 per share. The ex-dividend date is Wednesday, July 15th. This represents a $0.20 annualized dividend and a yield of 0.1%. Arcosa’s payout ratio is presently 4.42%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Oppenheimer started coverage on shares of Arcosa in a research report on Thursday, May 28th. They set an “outperform” rating and a $150.00 target price on the stock. Barclays raised their price objective on shares of Arcosa from $115.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Texas Capital upgraded shares of Arcosa to a “strong-buy” rating in a research note on Friday, March 27th. Wall Street Zen raised shares of Arcosa from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Finally, DA Davidson increased their target price on shares of Arcosa from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Arcosa currently has an average rating of “Moderate Buy” and an average price target of $138.33.

Arcosa 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.