C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Invests $1.13 Million in Arcosa, Inc. (NYSE:ACA)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in Arcosa, Inc. (NYSE:ACA - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 11,698 shares of the company's stock, valued at approximately $1,132,000.

Several other hedge funds have also recently added to or reduced their stakes in ACA. GAMMA Investing LLC raised its holdings 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 in the last quarter. Point72 DIFC Ltd purchased a new position in Arcosa in the 3rd quarter valued at $37,000. Blue Trust Inc. boosted its position in shares of Arcosa by 16.4% during the 4th quarter. Blue Trust Inc. now owns 1,240 shares of the company's stock worth $118,000 after purchasing an additional 175 shares in the last quarter. KBC Group NV boosted its position in shares of Arcosa by 20.5% during the 3rd quarter. KBC Group NV now owns 1,424 shares of the company's stock worth $135,000 after purchasing an additional 242 shares in the last quarter. Finally, Venturi Wealth Management LLC purchased a new stake in shares of Arcosa during the 4th quarter worth $161,000. Institutional investors and hedge funds own 90.66% of the company's stock.

Arcosa Stock Down 4.0 %

Shares of Arcosa stock traded down $3.91 on Friday, hitting $92.79. 259,145 shares of the company's stock traded hands, compared to its average volume of 237,728. 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 $4.53 billion, a P/E ratio of 35.28 and a beta of 0.76. Arcosa, Inc. has a 52-week low of $72.75 and a 52-week high of $113.43. The firm's 50-day moving average is $99.39 and its 200 day moving average is $96.46.

Arcosa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.22%. The ex-dividend date was Wednesday, January 15th. Arcosa's dividend payout ratio is currently 7.60%.

Analyst Ratings Changes

Several research analysts recently weighed in on ACA shares. Barclays began coverage on shares of Arcosa in a research note on Tuesday, October 29th. They issued an "overweight" rating and a $106.00 target price for the company. Oppenheimer upped their price target on Arcosa from $105.00 to $110.00 and gave the stock an "outperform" rating in a report on Tuesday, January 14th.

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.