Thrivent Financial for Lutherans Purchases 6,992 Shares of Arcosa, Inc. (NYSE:ACA)

Thrivent Financial for Lutherans raised its position in shares of Arcosa, Inc. (NYSE:ACA) by 10.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,387 shares of the company’s stock after acquiring an additional 6,992 shares during the period. Thrivent Financial for Lutherans’ holdings in Arcosa were worth $6,859,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of ACA. Stonegate Investment Group LLC raised its stake in Arcosa by 3.6% during the third quarter. Stonegate Investment Group LLC now owns 3,095 shares of the company’s stock valued at $293,000 after purchasing an additional 108 shares in the last quarter. Xponance Inc. raised its position in shares of Arcosa by 4.4% during the 2nd quarter. Xponance Inc. now owns 3,073 shares of the company’s stock valued at $256,000 after buying an additional 130 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Arcosa by 1.1% in the 2nd quarter. Sei Investments Co. now owns 13,495 shares of the company’s stock valued at $1,126,000 after acquiring an additional 146 shares during the last quarter. Arizona State Retirement System grew its position in Arcosa by 1.5% in the second quarter. Arizona State Retirement System now owns 13,595 shares of the company’s stock worth $1,134,000 after acquiring an additional 195 shares in the last quarter. Finally, Evergreen Capital Management LLC increased its stake in Arcosa by 5.5% during the second quarter. Evergreen Capital Management LLC now owns 4,444 shares of the company’s stock worth $371,000 after acquiring an additional 233 shares during the last quarter. 90.66% of the stock is currently owned by institutional investors.

Insider Activity at Arcosa

In related news, Director Steven J. Demetriou bought 6,000 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were acquired at an average cost of $87.70 per share, for a total transaction of $526,200.00. Following the purchase, the director now directly owns 9,943 shares of the company’s stock, valued at approximately $872,001.10. The trade was a 152.17 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Stephens upgraded Arcosa from an “equal weight” rating to an “overweight” rating and set a $96.00 target price for the company in a report on Wednesday, August 7th. Barclays initiated coverage on Arcosa in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $106.00 price target for the company. Finally, Oppenheimer boosted their price objective on shares of Arcosa from $100.00 to $105.00 and gave the company an “outperform” rating in a research report on Monday, August 19th.

Arcosa Stock Up 2.1 %

Shares of NYSE:ACA opened at $110.63 on Friday. The firm has a market capitalization of $5.40 billion, a PE ratio of 42.22 and a beta of 0.71. The business has a 50 day simple moving average of $96.40 and a two-hundred day simple moving average of $89.52. Arcosa, Inc. has a 1 year low of $72.75 and a 1 year high of $111.10. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.61 and a quick ratio of 2.77.

Arcosa (NYSE:ACA) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $682.52 million. During the same quarter in the previous year, the business earned $0.73 EPS. Arcosa’s revenue was up 8.2% compared to the same quarter last year. On average, equities analysts predict that Arcosa, Inc. will post 3.38 EPS for the current year.

Arcosa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 15th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.18%. The ex-dividend date of this dividend was Tuesday, October 15th. Arcosa’s dividend payout ratio is presently 7.60%.

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.