Voya Investment Management LLC Increases Stock Position in Arcosa, Inc. (NYSE:ACA)

Voya Investment Management LLC lifted its stake in shares of Arcosa, Inc. (NYSE:ACA - Free Report) by 930.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 177,993 shares of the company's stock after acquiring an additional 160,724 shares during the period. Voya Investment Management LLC owned 0.36% of Arcosa worth $17,219,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

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

Arcosa Stock Up 2.6 %

Shares of NYSE:ACA traded up $2.11 during midday trading on Friday, hitting $84.16. 219,474 shares of the company's stock traded hands, compared to its average volume of 266,018. The firm's fifty day moving average price is $79.51 and its two-hundred day moving average price is $93.25. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.77 and a current ratio of 3.61. Arcosa, Inc. has a twelve month low of $68.11 and a twelve month high of $113.43. The company has a market cap of $4.10 billion, a PE ratio of 32.00 and a beta of 0.85.

Arcosa Announces Dividend

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

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.