Mitsubishi UFJ Asset Management Co. Ltd. Invests $1.05 Million in Arcosa, Inc. $ACA

Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Arcosa, Inc. (NYSE:ACA) in the second quarter, Holdings Channel.com reports. The fund bought 7,262 shares of the company’s stock, valued at approximately $1,055,000.

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

Analyst Ratings Changes

Several equities research analysts recently commented on ACA shares. Texas Capital cut Arcosa from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Stephens set a $150.00 price target on Arcosa in a research note on Thursday, August 6th. Citigroup cut Arcosa to a “hold” rating in a report on Tuesday, June 23rd. 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. Finally, Oppenheimer lowered shares of Arcosa from an “outperform” rating to a “market perform” rating in a research note on Friday, June 26th. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $141.25.

Arcosa Stock Performance

ACA opened at $145.23 on Friday. Arcosa, Inc. has a 1-year low of $89.03 and a 1-year high of $146.92. The company has a market cap of $7.13 billion, a price-to-earnings ratio of 14.55, a PEG ratio of 2.18 and a beta of 1.05. The company’s fifty day moving average price is $143.86 and its two-hundred day moving average price is $126.90. The company has a current ratio of 3.12, a quick ratio of 2.31 and a debt-to-equity ratio of 0.48.

Arcosa (NYSE:ACA) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $1.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.05). The business had revenue of $658.70 million for the quarter, compared to analyst estimates of $687.50 million. Arcosa had a net margin of 17.90% and a return on equity of 7.90%. The firm’s quarterly revenue was down 10.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.27 earnings per share. On average, analysts expect that Arcosa, Inc. will post 4.16 EPS for the current fiscal year.

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.