Lazard Asset Management LLC Has $4.88 Million Stake in Arcosa, Inc. $ACA

Lazard Asset Management LLC lifted its holdings in shares of Arcosa, Inc. (NYSE:ACA) by 10.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,947 shares of the company’s stock after purchasing an additional 4,454 shares during the quarter. Lazard Asset Management LLC’s holdings in Arcosa were worth $4,877,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of ACA. State of Wyoming bought a new position in shares of Arcosa during the 1st quarter valued at about $30,000. GHP Investment Advisors Inc. bought a new stake in Arcosa during the 1st quarter worth approximately $32,000. Farther Finance Advisors LLC increased its stake in Arcosa by 73.4% during the 4th quarter. Farther Finance Advisors LLC now owns 307 shares of the company’s stock worth $33,000 after purchasing an additional 130 shares in the last quarter. Allworth Financial LP raised its holdings in Arcosa by 392.5% during the 4th quarter. Allworth Financial LP now owns 394 shares of the company’s stock worth $42,000 after buying an additional 314 shares during the period. Finally, Quarry LP raised its holdings in Arcosa by 160.0% during the 3rd quarter. Quarry LP now owns 403 shares of the company’s stock worth $38,000 after buying an additional 248 shares during the period. Institutional investors and hedge funds own 90.66% of the company’s stock.

Arcosa Price Performance

Shares of ACA opened at $145.39 on Friday. The company has a quick ratio of 1.60, a current ratio of 2.32 and a debt-to-equity ratio of 0.57. Arcosa, Inc. has a twelve month low of $81.91 and a twelve month high of $146.92. The stock has a market capitalization of $7.14 billion, a P/E ratio of 32.09, a P/E/G ratio of 2.14 and a beta of 1.04. The company has a 50 day moving average of $137.85 and a 200-day moving average of $123.64.

Arcosa (NYSE:ACA) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.38. The business had revenue of $571.70 million for 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%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.49 earnings per share. As a group, equities research analysts forecast that Arcosa, Inc. will post 4.25 EPS for the current fiscal year.

Arcosa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Wednesday, July 15th were given a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, July 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.1%. Arcosa’s dividend payout ratio (DPR) is 4.42%.

Wall Street Analyst Weigh In

ACA has been the topic of a number of research analyst reports. Barclays raised their price objective on shares of Arcosa from $115.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Weiss Ratings cut Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Texas Capital downgraded Arcosa from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Wall Street Zen raised Arcosa from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Finally, Citigroup lowered Arcosa to a “hold” rating in a report on Tuesday, June 23rd. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $138.33.

Arcosa Company 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.