Arcosa (NYSE:ACA) Sets New 12-Month Low - Here's What Happened

Arcosa, Inc. (NYSE:ACA - Get Free Report) shares reached a new 52-week low during trading on Friday . The company traded as low as $71.33 and last traded at $71.85, with a volume of 12815 shares changing hands. The stock had previously closed at $75.44.

Analysts Set New Price Targets

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

Arcosa Price Performance

The business's fifty day moving average price is $87.43 and its 200-day moving average price is $95.25. The company has a market capitalization of $3.84 billion, a P/E ratio of 29.85 and a beta of 0.85. The company has a current ratio of 3.61, a quick ratio of 2.77 and a debt-to-equity ratio of 0.51.

Arcosa Announces Dividend

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

Institutional Investors Weigh In On Arcosa

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

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.