Point72 Hong Kong Ltd Acquires 5,106 Shares of Arcosa Inc (NYSE:ACA)

Point72 Hong Kong Ltd boosted its position in Arcosa Inc (NYSE:ACA) by 308.7% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 6,760 shares of the company’s stock after purchasing an additional 5,106 shares during the period. Point72 Hong Kong Ltd’s holdings in Arcosa were worth $254,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. BlackRock Inc. grew its position in Arcosa by 24.7% in the 2nd quarter. BlackRock Inc. now owns 7,267,168 shares of the company’s stock worth $273,464,000 after purchasing an additional 1,438,324 shares in the last quarter. Vanguard Group Inc. grew its position in Arcosa by 8.6% in the 2nd quarter. Vanguard Group Inc. now owns 4,796,150 shares of the company’s stock worth $180,479,000 after purchasing an additional 378,083 shares in the last quarter. Royce & Associates LP grew its position in Arcosa by 3.7% in the 1st quarter. Royce & Associates LP now owns 1,130,241 shares of the company’s stock worth $34,529,000 after purchasing an additional 39,989 shares in the last quarter. Copper Rock Capital Partners LLC bought a new stake in Arcosa in the 2nd quarter worth about $25,790,000. Finally, Marshall Wace LLP bought a new stake in Arcosa in the 1st quarter worth about $20,750,000. 84.56% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Arcosa from a “buy” rating to a “sell” rating in a research report on Monday, August 5th. Sidoti started coverage on shares of Arcosa in a research note on Wednesday, September 18th. They issued a “buy” rating and a $47.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. Arcosa has an average rating of “Buy” and a consensus price target of $41.12.

Shares of ACA stock traded down $0.47 during trading on Tuesday, reaching $34.03. 3,845 shares of the company’s stock traded hands, compared to its average volume of 368,930. The company has a market capitalization of $1.66 billion and a P/E ratio of 18.66. The company has a current ratio of 3.07, a quick ratio of 1.63 and a debt-to-equity ratio of 0.06. The firm’s 50-day moving average is $33.31 and its 200 day moving average is $34.01. Arcosa Inc has a 1 year low of $21.00 and a 1 year high of $39.74.

Arcosa (NYSE:ACA) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.18. The company had revenue of $434.10 million for the quarter, compared to analysts’ expectations of $429.22 million. Arcosa had a net margin of 5.66% and a return on equity of 5.14%. The firm’s revenue was up 23.0% compared to the same quarter last year. As a group, sell-side analysts predict that Arcosa Inc will post 2.25 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend is Friday, October 11th. Arcosa’s payout ratio is currently 10.99%.

Arcosa Company Profile

Arcosa, Inc manufactures and sells infrastructure-related products and services for the construction, energy, and transportation markets. It operates through three segments: Construction Products Group, Energy Equipment Group, and Transportation Products Group. The Construction Products Group segment offers lightweight and natural construction aggregates, and trench shields and shoring products that are used in construction landscape, including commercial, industrial, road and bridge, and underground construction.

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Institutional Ownership by Quarter for Arcosa (NYSE:ACA)

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