FourThought Financial LLC Has $114,000 Holdings in Arcosa, Inc. (NYSE:ACA)

FourThought Financial LLC trimmed its holdings in shares of Arcosa, Inc. (NYSE:ACA – Get Rating) by 7.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,990 shares of the company’s stock after selling 166 shares during the period. FourThought Financial LLC’s holdings in Arcosa were worth $114,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Arcosa by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 5,351,494 shares of the company’s stock valued at $305,998,000 after purchasing an additional 84,223 shares in the last quarter. Alliancebernstein L.P. increased its holdings in Arcosa by 2.9% during the 3rd quarter. Alliancebernstein L.P. now owns 2,546,237 shares of the company’s stock valued at $145,594,000 after purchasing an additional 72,389 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Arcosa by 5.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,459,593 shares of the company’s stock valued at $140,639,000 after purchasing an additional 130,903 shares in the last quarter. State Street Corp increased its holdings in Arcosa by 2.8% during the 1st quarter. State Street Corp now owns 2,001,660 shares of the company’s stock valued at $114,595,000 after purchasing an additional 54,431 shares in the last quarter. Finally, Capital World Investors increased its holdings in Arcosa by 19.0% during the 1st quarter. Capital World Investors now owns 1,881,470 shares of the company’s stock valued at $107,714,000 after purchasing an additional 300,000 shares in the last quarter. 88.88% of the stock is owned by institutional investors and hedge funds.

Arcosa Stock Down 2.4 %

Shares of ACA opened at $61.03 on Friday. The firm has a market capitalization of $2.96 billion, a price-to-earnings ratio of 12.11 and a beta of 0.55. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.47 and a current ratio of 2.33. The business’s fifty day moving average price is $58.59 and its two-hundred day moving average price is $58.51. Arcosa, Inc. has a 52 week low of $43.52 and a 52 week high of $65.80.

Arcosa (NYSE:ACA – Get Rating) last announced its quarterly earnings data on Friday, February 24th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.05. The firm had revenue of $500.30 million for the quarter, compared to analyst estimates of $476.65 million. Arcosa had a return on equity of 5.22% and a net margin of 10.96%. The business’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same period last year, the company earned $0.40 EPS. On average, analysts predict that Arcosa, Inc. will post 1.92 earnings per share for the current year.

Arcosa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 28th. Stockholders of record on Friday, April 14th will be given a $0.05 dividend. The ex-dividend date of this dividend is Thursday, April 13th. This represents a $0.20 annualized dividend and a dividend yield of 0.33%. Arcosa’s dividend payout ratio is currently 3.97%.

Analysts Set New Price Targets

Separately, DA Davidson increased their price objective on Arcosa from $74.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, February 27th.

About Arcosa

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Arcosa, Inc engages in the provision of infrastructure-related products and services. It operates through the following segments: Construction Products, Energy Equipment, and Transportation Products. The Construction Products segment produces and sells construction aggregates, and manufactures and sells trench shields and shoring products and services for infrastructure-related projects.