T. Rowe Price Investment Management Inc. boosted its position in Arcosa, Inc. (NYSE:ACA - Free Report) by 3.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,702,718 shares of the company's stock after acquiring an additional 60,818 shares during the quarter. T. Rowe Price Investment Management Inc. owned 3.49% of Arcosa worth $164,721,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new position in shares of Arcosa during the 4th quarter valued at about $30,000. GAMMA Investing LLC raised its stake in shares of Arcosa by 80.9% during the fourth 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 stake in shares of Arcosa in the 4th quarter worth approximately $52,000. AlphaQuest LLC boosted its stake 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 in the last quarter. Finally, Creative Financial Designs Inc. ADV grew its holdings in shares of Arcosa by 1,044.6% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 950 shares of the company's stock valued at $92,000 after purchasing an additional 867 shares during the last quarter. Hedge funds and other institutional investors own 90.66% of the company's stock.
Wall Street Analyst Weigh In
Separately, Oppenheimer boosted their price target on shares of Arcosa from $105.00 to $110.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 14th.
Read Our Latest Stock Report on ACA
Arcosa Trading Down 0.9 %
Shares of NYSE:ACA traded down $0.71 during trading on Wednesday, reaching $79.41. 49,391 shares of the company traded hands, compared to its average volume of 266,065. 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, Inc. has a 52-week low of $68.11 and a 52-week high of $113.43. The firm has a market capitalization of $3.87 billion, a price-to-earnings ratio of 30.19 and a beta of 0.85. The business's fifty day moving average is $80.14 and its 200-day moving average is $93.52.
Arcosa Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date is Tuesday, April 15th. Arcosa's dividend payout ratio (DPR) is presently 10.47%.
About Arcosa
(
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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