Lord Abbett & CO. LLC purchased a new stake in shares of Arcosa, Inc. (NYSE:ACA - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 50,247 shares of the company's stock, valued at approximately $4,861,000. Lord Abbett & CO. LLC owned about 0.10% of Arcosa as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ACA. GAMMA Investing LLC boosted its holdings in shares of Arcosa by 80.9% in 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. Flagship Wealth Advisors LLC bought a new position in Arcosa in the 4th quarter valued at $52,000. AlphaQuest LLC raised its position in 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 last quarter. Creative Financial Designs Inc. ADV boosted its stake in 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. grew 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 last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Separately, Oppenheimer lifted their price target on Arcosa from $105.00 to $110.00 and gave the company an "outperform" rating in a report on Tuesday, January 14th.
Read Our Latest Research Report on ACA
Arcosa Trading Up 2.6 %
ACA stock traded up $2.11 during trading on Friday, hitting $84.16. The company had a trading volume of 219,474 shares, compared to its average volume of 305,412. The firm has a 50-day moving average price of $79.68 and a 200-day moving average price of $93.34. Arcosa, Inc. has a 12 month low of $68.11 and a 12 month high of $113.43. The company has a quick ratio of 2.77, a current ratio of 3.61 and a debt-to-equity ratio of 0.51. The stock has a market cap of $4.10 billion, a price-to-earnings ratio of 32.00 and a beta of 0.85.
Arcosa Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th were given a dividend of $0.05 per share. The ex-dividend date was Tuesday, April 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.24%. Arcosa's payout ratio is currently 10.47%.
Arcosa Profile
(
Free Report)
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.
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