New York State Teachers Retirement System Sells 11,476 Shares of Arcosa, Inc. (NYSE:ACA)

New York State Teachers Retirement System cut its position in shares of Arcosa, Inc. (NYSE:ACA) by 13.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 71,160 shares of the company’s stock after selling 11,476 shares during the period. New York State Teachers Retirement System owned approximately 0.15% of Arcosa worth $5,881,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company bought a new stake in shares of Arcosa in the 1st quarter valued at approximately $28,879,000. Norges Bank bought a new stake in shares of Arcosa in the 4th quarter valued at approximately $23,248,000. Capital World Investors lifted its stake in shares of Arcosa by 19.0% during the 1st quarter. Capital World Investors now owns 1,881,470 shares of the company’s stock worth $107,714,000 after acquiring an additional 300,000 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in shares of Arcosa during the 1st quarter worth approximately $18,054,000. Finally, Comerica Bank bought a new stake in shares of Arcosa during the 2nd quarter worth approximately $13,930,000. 90.66% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on ACA shares. Oppenheimer raised their price target 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 raised their price target on Arcosa from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Arcosa presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.00.

Arcosa Trading Down 1.9 %

ACA opened at $80.59 on Friday. The stock’s fifty day moving average is $82.91 and its two-hundred day moving average is $77.77. The company has a market capitalization of $3.91 billion, a P/E ratio of 24.72 and a beta of 0.66. Arcosa, Inc. has a 52 week low of $57.74 and a 52 week high of $89.07. The company has a quick ratio of 1.18, a current ratio of 2.12 and a debt-to-equity ratio of 0.24.

Arcosa (NYSE:ACA) last released its quarterly earnings data on Friday, February 23rd. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.33 by $0.35. The company had revenue of $582.20 million for the quarter, compared to the consensus estimate of $554.54 million. Arcosa had a return on equity of 6.90% and a net margin of 6.90%. Arcosa’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period last year, the business posted $0.24 EPS. Analysts forecast that Arcosa, Inc. will post 3.38 earnings per share for the current year.

Arcosa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.20 annualized dividend and a yield of 0.25%. Arcosa’s payout ratio is currently 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.