Thrivent Financial for Lutherans Has $6 Million Stock Holdings in Arcosa, Inc. (NYSE:ACA)

Thrivent Financial for Lutherans decreased its stake in shares of Arcosa, Inc. (NYSE:ACA) by 14.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 61,979 shares of the company’s stock after selling 10,408 shares during the period. Thrivent Financial for Lutherans’ holdings in Arcosa were worth $5,996,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC lifted its position in Arcosa by 80.9% during the fourth quarter. GAMMA Investing LLC now owns 331 shares of the company’s stock worth $32,000 after acquiring an additional 148 shares during the last quarter. Arizona State Retirement System increased its stake in shares of Arcosa by 1.2% during the fourth quarter. Arizona State Retirement System now owns 14,159 shares of the company’s stock worth $1,370,000 after purchasing an additional 170 shares during the period. Blue Trust Inc. lifted its holdings in Arcosa by 16.4% during the 4th quarter. Blue Trust Inc. now owns 1,240 shares of the company’s stock worth $118,000 after purchasing an additional 175 shares during the last quarter. HighTower Advisors LLC boosted its stake in Arcosa by 0.4% in the 4th quarter. HighTower Advisors LLC now owns 72,916 shares of the company’s stock valued at $7,054,000 after purchasing an additional 284 shares during the period. Finally, Hilltop Holdings Inc. grew its holdings in Arcosa by 4.2% in the 3rd quarter. Hilltop Holdings Inc. now owns 8,037 shares of the company’s stock valued at $762,000 after buying an additional 323 shares in the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

Analysts Set New Price Targets

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

Arcosa Stock Performance

ACA opened at $79.49 on Monday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.77 and a current ratio of 3.61. Arcosa, Inc. has a 52-week low of $72.75 and a 52-week high of $113.43. The firm has a market cap of $3.88 billion, a P/E ratio of 30.22 and a beta of 0.81. The business’s fifty day moving average is $92.87 and its 200-day moving average is $96.29.

Arcosa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be paid a dividend of $0.05 per share. The ex-dividend date is Tuesday, April 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.25%. Arcosa’s payout ratio is 10.47%.

About Arcosa

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.