Freestone Grove Partners LP Invests $944,000 in Arcosa, Inc. (NYSE:ACA)

Freestone Grove Partners LP acquired a new stake in Arcosa, Inc. (NYSE:ACA - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 9,757 shares of the company's stock, valued at approximately $944,000.

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

Arcosa Stock Performance

NYSE:ACA traded up $1.79 during mid-day trading on Tuesday, reaching $85.81. 507,768 shares of the stock were exchanged, compared to its average volume of 267,067. The stock has a market capitalization of $4.19 billion, a P/E ratio of 32.63 and a beta of 1.00. Arcosa, Inc. has a 1 year low of $68.11 and a 1 year high of $113.43. The company has a 50 day simple moving average of $79.32 and a 200-day simple moving average of $93.15. The company has a quick ratio of 2.77, a current ratio of 3.61 and a debt-to-equity ratio of 0.51.

Arcosa (NYSE:ACA - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.20. Arcosa had a net margin of 5.17% and a return on equity of 6.64%. Analysts anticipate that Arcosa, Inc. will post 3.23 earnings per share for the current fiscal year.

Arcosa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th were issued a $0.05 dividend. The ex-dividend date was Tuesday, April 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.23%. Arcosa's dividend payout ratio (DPR) is 10.47%.

Analyst Ratings Changes

Separately, Oppenheimer boosted their price objective 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 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.