Lord Abbett & CO. LLC Buys Shares of 50,247 Arcosa, Inc. (NYSE:ACA)

Lord Abbett & CO. LLC acquired a new position in shares of Arcosa, Inc. (NYSE:ACA - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 50,247 shares of the company's stock, valued at approximately $4,861,000. Lord Abbett & CO. LLC owned 0.10% of Arcosa at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of ACA. GAMMA Investing LLC raised its position in Arcosa by 80.9% during the fourth quarter. GAMMA Investing LLC now owns 331 shares of the company's stock valued at $32,000 after buying an additional 148 shares during the period. Flagship Wealth Advisors LLC purchased a new position in Arcosa during the 4th quarter valued at about $52,000. AlphaQuest LLC increased its holdings in shares of Arcosa by 12,050.0% in the 4th quarter. AlphaQuest LLC now owns 729 shares of the company's stock valued at $71,000 after purchasing an additional 723 shares during the period. Creative Financial Designs Inc. ADV lifted its position in shares of Arcosa by 1,044.6% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 950 shares of the company's stock worth $92,000 after purchasing an additional 867 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of Arcosa by 16.4% during the fourth 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 period. 90.66% of the stock is owned by hedge funds and other institutional investors.

Arcosa Stock Up 2.6 %

Shares of ACA traded up $2.11 during midday trading on Friday, reaching $84.16. 219,474 shares of the stock were exchanged, compared to its average volume of 266,018. The company has a market cap of $4.10 billion, a price-to-earnings ratio of 32.00 and a beta of 0.85. 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, Inc. has a 12-month low of $68.11 and a 12-month high of $113.43. The firm has a 50 day simple moving average of $79.51 and a 200-day simple moving average of $93.25.

Arcosa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.24%. The ex-dividend date of this dividend was Tuesday, April 15th. Arcosa's payout ratio is presently 10.47%.

Analyst Ratings Changes

Separately, Oppenheimer increased their target price 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.