Geode Capital Management LLC Acquires 16,032 Shares of Arcosa, Inc. (NYSE:ACA)

Geode Capital Management LLC boosted its holdings in shares of Arcosa, Inc. (NYSE:ACA) by 1.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,129,456 shares of the company’s stock after buying an additional 16,032 shares during the quarter. Geode Capital Management LLC’s holdings in Arcosa were worth $107,047,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in ACA. M&T Bank Corp bought a new stake in shares of Arcosa during the 3rd quarter valued at $219,000. Barclays PLC grew its holdings in Arcosa by 330.9% during the third quarter. Barclays PLC now owns 81,782 shares of the company’s stock valued at $7,750,000 after purchasing an additional 62,804 shares during the period. Zacks Investment Management purchased a new stake in Arcosa in the third quarter worth about $328,000. Jane Street Group LLC raised its stake in shares of Arcosa by 33.3% in the third quarter. Jane Street Group LLC now owns 91,952 shares of the company’s stock worth $8,713,000 after buying an additional 22,989 shares during the period. Finally, Watchtower Advisors LP purchased a new position in shares of Arcosa during the 3rd quarter valued at about $2,702,000. 90.66% of the stock is currently owned by institutional investors.

Arcosa Price Performance

Shares of Arcosa stock opened at $100.77 on Thursday. The company has a quick ratio of 2.77, a current ratio of 3.61 and a debt-to-equity ratio of 0.51. Arcosa, Inc. has a 52 week low of $72.75 and a 52 week high of $113.43. The stock’s 50-day simple moving average is $101.93 and its 200-day simple moving average is $92.23. The company has a market capitalization of $4.92 billion, a price-to-earnings ratio of 38.32 and a beta of 0.74.

Arcosa (NYSE:ACA) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.13. Arcosa had a return on equity of 6.64% and a net margin of 5.17%. The company had revenue of $640.40 million for the quarter, compared to analysts’ expectations of $682.52 million. During the same period in the previous year, the firm earned $0.73 EPS. The firm’s revenue was up 8.2% compared to the same quarter last year. As a group, analysts expect that Arcosa, Inc. will post 3.37 earnings per share for the current fiscal year.

Arcosa Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.20%. Arcosa’s dividend payout ratio is 7.60%.

Analysts Set New Price Targets

Separately, Barclays assumed coverage on shares of Arcosa in a report on Tuesday, October 29th. They issued an “overweight” rating and a $106.00 target price for the company.

Arcosa 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.