Sheets Smith Wealth Management Purchases Shares of 5,536 Arcosa, Inc. (NYSE:ACA)

Sheets Smith Wealth Management purchased a new stake in shares of Arcosa, Inc. (NYSE:ACA - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 5,536 shares of the company's stock, valued at approximately $536,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in Arcosa by 80.9% during the 4th quarter. GAMMA Investing LLC now owns 331 shares of the company's stock valued at $32,000 after purchasing an additional 148 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in shares of Arcosa during the third quarter valued at approximately $37,000. KBC Group NV increased its position in shares of Arcosa by 20.5% during the third quarter. KBC Group NV now owns 1,424 shares of the company's stock valued at $135,000 after acquiring an additional 242 shares in the last quarter. First Trust Direct Indexing L.P. purchased a new position in Arcosa in the 3rd quarter worth approximately $206,000. Finally, Sawgrass Asset Management LLC purchased a new stake in Arcosa during the 3rd quarter valued at $215,000. 90.66% of the stock is owned by hedge funds and other institutional investors.

Arcosa Stock Performance

ACA stock traded up $0.34 during trading on Thursday, reaching $100.48. The stock had a trading volume of 159,109 shares, compared to its average volume of 242,922. The firm has a market cap of $4.90 billion, a PE ratio of 38.21 and a beta of 0.76. The company has a current ratio of 3.61, a quick ratio of 2.77 and a debt-to-equity ratio of 0.51. The stock's 50 day moving average is $102.32 and its two-hundred day moving average is $94.71. Arcosa, Inc. has a 52 week low of $72.75 and a 52 week high of $113.43.

Arcosa (NYSE:ACA - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.13. The firm had revenue of $640.40 million for the quarter, compared to analysts' expectations of $682.52 million. Arcosa had a net margin of 5.17% and a return on equity of 6.64%. The business's quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.73 EPS. As a group, equities analysts anticipate that Arcosa, Inc. will post 3.23 earnings per share for the current year.

Arcosa Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.20%. Arcosa's dividend payout ratio is currently 7.60%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ACA. Oppenheimer upped their price target on Arcosa from $105.00 to $110.00 and gave the company an "outperform" rating in a report on Tuesday, January 14th. Barclays assumed coverage on shares of Arcosa in a research note on Tuesday, October 29th. They set an "overweight" rating and a $106.00 target price on the stock.

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.