The Manufacturers Life Insurance Company Grows Stock Holdings in Arcosa, Inc. (NYSE:ACA)

The Manufacturers Life Insurance Company boosted its stake in Arcosa, Inc. (NYSE:ACA - Free Report) by 3.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 567,208 shares of the company's stock after acquiring an additional 17,014 shares during the period. The Manufacturers Life Insurance Company owned about 1.16% of Arcosa worth $54,872,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in ACA. GAMMA Investing LLC increased its stake in Arcosa by 80.9% in the fourth quarter. GAMMA Investing LLC now owns 331 shares of the company's stock valued at $32,000 after purchasing an additional 148 shares during the period. Arizona State Retirement System increased its position in Arcosa by 1.2% in the 4th quarter. Arizona State Retirement System now owns 14,159 shares of the company's stock valued at $1,370,000 after acquiring an additional 170 shares during the period. Blue Trust Inc. raised its stake in Arcosa by 16.4% during the 4th quarter. Blue Trust Inc. now owns 1,240 shares of the company's stock valued at $118,000 after acquiring an additional 175 shares during the last quarter. Summit Investment Advisors Inc. lifted its position in Arcosa by 4.9% during the 4th quarter. Summit Investment Advisors Inc. now owns 5,077 shares of the company's stock worth $491,000 after acquiring an additional 235 shares during the period. Finally, HighTower Advisors LLC grew its stake in shares of Arcosa by 0.4% in the 4th quarter. HighTower Advisors LLC now owns 72,916 shares of the company's stock valued at $7,054,000 after purchasing an additional 284 shares during the last quarter. Institutional investors and hedge funds own 90.66% of the company's stock.

Analyst Ratings Changes

Separately, Oppenheimer upped their price target on Arcosa from $105.00 to $110.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 14th.

Arcosa Stock Performance

NYSE:ACA traded down $0.03 during mid-day trading on Monday, reaching $84.06. The stock had a trading volume of 183,526 shares, compared to its average volume of 265,830. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.77 and a current ratio of 3.61. The business has a 50 day simple moving average of $79.51 and a 200 day simple moving average of $93.23. Arcosa, Inc. has a twelve month low of $68.11 and a twelve month high of $113.43. The firm has a market capitalization of $4.10 billion, a price-to-earnings ratio of 32.01 and a beta of 1.00.

Arcosa Dividend Announcement

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

Arcosa 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.