Natixis Advisors LLC Sells 4,977 Shares of Arcosa, Inc. $ACA

Natixis Advisors LLC reduced its stake in shares of Arcosa, Inc. (NYSE:ACA) by 8.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,089 shares of the company’s stock after selling 4,977 shares during the quarter. Natixis Advisors LLC’s holdings in Arcosa were worth $5,644,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Capital International Investors grew its stake in shares of Arcosa by 28.3% during the third quarter. Capital International Investors now owns 2,228,275 shares of the company’s stock valued at $208,812,000 after buying an additional 491,165 shares during the last quarter. Royce & Associates LP grew its stake in shares of Arcosa by 0.4% during the third quarter. Royce & Associates LP now owns 1,267,091 shares of the company’s stock valued at $118,739,000 after buying an additional 4,652 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Arcosa by 25.3% during the second quarter. The Manufacturers Life Insurance Company now owns 763,557 shares of the company’s stock valued at $66,208,000 after buying an additional 154,172 shares during the last quarter. Norges Bank bought a new position in shares of Arcosa during the fourth quarter valued at about $68,225,000. Finally, Bank of America Corp DE grew its stake in shares of Arcosa by 80.5% during the second quarter. Bank of America Corp DE now owns 465,140 shares of the company’s stock valued at $40,332,000 after buying an additional 207,457 shares during the last quarter. 90.66% of the stock is owned by institutional investors.

Arcosa Stock Performance

Arcosa stock opened at $123.62 on Tuesday. The company has a current ratio of 2.32, a quick ratio of 1.60 and a debt-to-equity ratio of 0.57. The firm has a 50-day moving average of $118.85 and a 200-day moving average of $114.50. The firm has a market cap of $6.07 billion, a P/E ratio of 27.29, a P/E/G ratio of 1.80 and a beta of 1.06. Arcosa, Inc. has a 1-year low of $81.91 and a 1-year high of $135.58.

Arcosa (NYSE:ACA) last posted its earnings results on Thursday, April 30th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.38. The company had revenue of $571.70 million during the quarter, compared to analyst estimates of $642.40 million. Arcosa had a net margin of 7.88% and a return on equity of 8.52%. Arcosa’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.49 earnings per share. Sell-side analysts expect that Arcosa, Inc. will post 4.25 EPS for the current year.

Arcosa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Wednesday, July 15th. Arcosa’s dividend payout ratio is currently 4.42%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Wall Street Zen raised Arcosa from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Weiss Ratings cut Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Oppenheimer assumed coverage on Arcosa in a research note on Thursday, May 28th. They set an “outperform” rating and a $150.00 price objective on the stock. Barclays increased their target price on shares of Arcosa from $115.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Finally, Zacks Research lowered shares of Arcosa from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $138.33.

About Arcosa

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.