Oberweis Asset Management Inc. Makes New $19.64 Million Investment in Arcosa, Inc. (NYSE:ACA)

Oberweis Asset Management Inc. purchased a new stake in shares of Arcosa, Inc. (NYSE:ACA - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 203,000 shares of the company's stock, valued at approximately $19,638,000. Arcosa accounts for about 0.9% of Oberweis Asset Management Inc.'s investment portfolio, making the stock its 29th biggest position. Oberweis Asset Management Inc. owned 0.42% of Arcosa as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of ACA. Charles Schwab Investment Management Inc. boosted its position in shares of Arcosa by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 658,875 shares of the company's stock valued at $63,740,000 after purchasing an additional 14,708 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Arcosa by 16.9% during the fourth quarter. JPMorgan Chase & Co. now owns 490,954 shares of the company's stock worth $47,495,000 after buying an additional 70,919 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Arcosa in the fourth quarter worth approximately $15,919,000. Proficio Capital Partners LLC bought a new position in shares of Arcosa in the fourth quarter valued at $30,000. Finally, TCW Group Inc. boosted its stake in shares of Arcosa by 11.0% during the 4th quarter. TCW Group Inc. now owns 45,673 shares of the company's stock worth $4,418,000 after acquiring an additional 4,539 shares in the last quarter. Institutional investors own 90.66% of the company's stock.

Arcosa Stock Up 0.1 %

Shares of ACA stock traded up $0.11 on Tuesday, reaching $80.28. 66,096 shares of the company's stock traded hands, compared to its average volume of 305,210. The company has a market capitalization of $3.92 billion, a P/E ratio of 30.47 and a beta of 0.85. Arcosa, Inc. has a 12-month low of $68.11 and a 12-month 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 business's 50 day moving average price is $80.47 and its two-hundred day moving average price is $93.62.

Arcosa Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 0.25%. Arcosa's dividend payout ratio (DPR) is presently 10.47%.

Wall Street Analyst Weigh In

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

Arcosa 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.