Advisors Asset Management Inc. Increases Stock Position in Arcosa, Inc. (NYSE:ACA)

Advisors Asset Management Inc. boosted its stake in shares of Arcosa, Inc. (NYSE:ACA) by 11.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 42,755 shares of the company’s stock after acquiring an additional 4,310 shares during the quarter. Advisors Asset Management Inc.’s holdings in Arcosa were worth $4,136,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of ACA. Raymond James Financial Inc. purchased a new position in Arcosa during the fourth quarter worth about $15,919,000. Jacobs Levy Equity Management Inc. purchased a new position in Arcosa during the third quarter worth about $8,327,000. HighTower Advisors LLC boosted its stake in Arcosa by 969.5% during the third quarter. HighTower Advisors LLC now owns 72,632 shares of the company’s stock worth $6,812,000 after buying an additional 65,841 shares during the period. Point72 Asset Management L.P. boosted its stake in Arcosa by 236.8% during the third quarter. Point72 Asset Management L.P. now owns 92,512 shares of the company’s stock worth $8,766,000 after buying an additional 65,041 shares during the period. Finally, Barclays PLC lifted its position in shares of Arcosa by 330.9% during the third quarter. Barclays PLC now owns 81,782 shares of the company’s stock worth $7,750,000 after purchasing an additional 62,804 shares in the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Analysts Set New Price Targets

Separately, Oppenheimer increased their price target on shares of Arcosa from $105.00 to $110.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 14th.

Arcosa Stock Down 1.9 %

Shares of ACA opened at $80.25 on Friday. The stock has a market capitalization of $3.91 billion, a PE ratio of 30.51 and a beta of 0.81. Arcosa, Inc. has a 1 year low of $72.75 and a 1 year high of $113.43. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.77 and a current ratio of 3.61. The company’s 50-day simple moving average is $93.12 and its 200-day simple moving average is $96.22.

Arcosa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be issued a $0.05 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $0.20 annualized dividend and a yield of 0.25%. Arcosa’s dividend payout ratio (DPR) is 10.47%.

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.