C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Buys New Stake in Arcosa, Inc. (NYSE:ACA)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in Arcosa, Inc. (NYSE:ACA - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,698 shares of the company's stock, valued at approximately $1,132,000.

Several other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC lifted its position in Arcosa by 80.9% in the 4th quarter. GAMMA Investing LLC now owns 331 shares of the company's stock worth $32,000 after buying an additional 148 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in Arcosa in the 3rd quarter worth approximately $37,000. Blue Trust Inc. lifted its position in Arcosa by 16.4% in the 4th quarter. Blue Trust Inc. now owns 1,240 shares of the company's stock worth $118,000 after buying an additional 175 shares in the last quarter. KBC Group NV lifted its position in Arcosa by 20.5% in the 3rd quarter. KBC Group NV now owns 1,424 shares of the company's stock worth $135,000 after buying an additional 242 shares in the last quarter. Finally, First Trust Direct Indexing L.P. purchased a new stake in Arcosa in the 3rd quarter worth approximately $206,000. Hedge funds and other institutional investors own 90.66% of the company's stock.

Arcosa Stock Down 0.5 %

Shares of Arcosa stock traded down $0.48 during midday trading on Monday, reaching $100.05. 167,100 shares of the company's stock traded hands, compared to its average volume of 246,768. The company has a market cap of $4.88 billion, a price-to-earnings ratio of 38.04 and a beta of 0.76. The company's 50 day simple moving average is $99.94 and its 200 day simple moving average is $96.29. 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 52 week low of $72.75 and a 52 week high of $113.43.

Arcosa Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Oppenheimer increased their target price on shares of Arcosa from $105.00 to $110.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 14th. Barclays began coverage on shares of Arcosa in a research report on Tuesday, October 29th. They issued an "overweight" rating and a $106.00 target price for the company.

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.