Arcosa, Inc. (NYSE:ACA) Shares Bought by First Trust Advisors LP

First Trust Advisors LP boosted its holdings in Arcosa, Inc. (NYSE:ACA - Free Report) by 32.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 592,394 shares of the company's stock after purchasing an additional 146,711 shares during the quarter. First Trust Advisors LP owned about 1.21% of Arcosa worth $57,308,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its stake in Arcosa by 80.9% during the 4th quarter. GAMMA Investing LLC now owns 331 shares of the company's stock worth $32,000 after acquiring an additional 148 shares in the last quarter. Arizona State Retirement System increased its position 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 in the last quarter. Blue Trust Inc. lifted its holdings in shares of Arcosa by 16.4% in the 4th quarter. Blue Trust Inc. now owns 1,240 shares of the company's stock valued at $118,000 after purchasing an additional 175 shares during the last quarter. Summit Investment Advisors Inc. boosted its position in shares of Arcosa by 4.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 5,077 shares of the company's stock valued at $491,000 after purchasing an additional 235 shares during the period. Finally, HighTower Advisors LLC grew its stake in Arcosa by 0.4% during the 4th quarter. HighTower Advisors LLC now owns 72,916 shares of the company's stock worth $7,054,000 after buying an additional 284 shares during the last quarter. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Arcosa Stock Performance

Shares of NYSE:ACA traded down $0.33 during trading on Monday, reaching $79.92. The company had a trading volume of 29,310 shares, compared to its average volume of 266,237. Arcosa, Inc. has a fifty-two week low of $68.11 and a fifty-two week high of $113.43. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.61 and a quick ratio of 2.77. The stock's fifty day moving average price is $80.84 and its 200 day moving average price is $93.72. The firm has a market capitalization of $3.90 billion, a price-to-earnings ratio of 30.37 and a beta of 0.85.

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 given 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 currently 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.