Raymond James Financial Services Advisors Inc. Acquires Shares of 3,356 Arcosa, Inc. (NYSE:ACA)

Raymond James Financial Services Advisors Inc. acquired a new stake in Arcosa, Inc. (NYSE:ACA) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,356 shares of the company’s stock, valued at approximately $277,000.

Several other institutional investors also recently bought and sold shares of the company. Raymond James & Associates increased its stake in Arcosa by 0.5% in the 3rd quarter. Raymond James & Associates now owns 31,555 shares of the company’s stock valued at $2,269,000 after buying an additional 157 shares during the period. Mariner LLC grew its stake in shares of Arcosa by 2.5% during the 3rd quarter. Mariner LLC now owns 7,090 shares of the company’s stock worth $510,000 after purchasing an additional 176 shares during the period. Arizona State Retirement System grew its stake in shares of Arcosa by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 13,791 shares of the company’s stock worth $992,000 after purchasing an additional 186 shares during the period. Oppenheimer Asset Management Inc. grew its stake in shares of Arcosa by 3.9% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 6,273 shares of the company’s stock worth $451,000 after purchasing an additional 234 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in shares of Arcosa by 3.4% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 9,232 shares of the company’s stock worth $664,000 after purchasing an additional 307 shares during the period. 90.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ACA shares. DA Davidson upped their price target on shares of Arcosa from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Oppenheimer upped their price target on shares of Arcosa from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $90.00.

Arcosa Price Performance

Shares of NYSE ACA opened at $76.06 on Tuesday. The stock has a market cap of $3.69 billion, a price-to-earnings ratio of 23.33 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’s 50-day moving average price is $82.33 and its 200 day moving average price is $78.08. The company has a current ratio of 2.12, a quick ratio of 1.18 and a debt-to-equity ratio of 0.24.

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

Arcosa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be issued a $0.05 dividend. The ex-dividend date is Friday, April 12th. This represents a $0.20 dividend on an annualized basis and a yield of 0.26%. Arcosa’s dividend payout ratio (DPR) 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.