Levin Capital Strategies L.P. Makes New Investment in Arcosa, Inc. (NYSE:ACA)

Levin Capital Strategies L.P. acquired a new stake in Arcosa, Inc. (NYSE:ACA) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 15,455 shares of the company’s stock, valued at approximately $1,277,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. First Eagle Investment Management LLC lifted its holdings in Arcosa by 39.8% during the 3rd quarter. First Eagle Investment Management LLC now owns 98,456 shares of the company’s stock valued at $7,079,000 after purchasing an additional 28,027 shares during the last quarter. Qube Research & Technologies Ltd boosted its holdings in shares of Arcosa by 22.8% during the 3rd quarter. Qube Research & Technologies Ltd now owns 63,976 shares of the company’s stock worth $4,600,000 after buying an additional 11,878 shares during the period. FMR LLC grew its stake in Arcosa by 224.6% in the 3rd quarter. FMR LLC now owns 69,963 shares of the company’s stock valued at $5,030,000 after buying an additional 48,411 shares during the last quarter. Hsbc Holdings PLC bought a new position in Arcosa in the 3rd quarter valued at about $1,271,000. Finally, Louisiana State Employees Retirement System acquired a new stake in Arcosa during the fourth quarter worth approximately $2,016,000. 90.66% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Oppenheimer increased their target price on Arcosa from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. DA Davidson lifted their target price on Arcosa from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Arcosa currently has a consensus rating of “Moderate Buy” and an average target price of $90.00.

Arcosa Price Performance

Shares of ACA stock traded up $1.30 during trading on Thursday, hitting $77.70. The company had a trading volume of 131,122 shares, compared to its average volume of 222,178. The firm has a market capitalization of $3.77 billion, a P/E ratio of 23.44 and a beta of 0.69. Arcosa, Inc. has a one year low of $61.98 and a one year high of $89.07. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.18 and a current ratio of 2.12. The stock’s 50-day moving average price is $81.65 and its 200 day moving average price is $78.35.

Arcosa (NYSE:ACA) last announced its quarterly earnings data on Friday, February 23rd. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.35. The firm had revenue of $582.20 million during the quarter, compared to analysts’ expectations of $554.54 million. Arcosa had a return on equity of 6.90% and a net margin of 6.90%. The company’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.24 EPS. Equities analysts expect that Arcosa, Inc. will post 3.38 EPS for the current fiscal year.

Arcosa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, April 12th. This represents a $0.20 dividend on an annualized basis and a yield of 0.26%. Arcosa’s payout ratio is 6.13%.

Arcosa Company 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.