Advisors Asset Management Inc. Purchases 4,310 Shares of Arcosa, Inc. (NYSE:ACA)

Advisors Asset Management Inc. raised its stake in Arcosa, Inc. (NYSE:ACA - Free Report) by 11.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,755 shares of the company's stock after acquiring an additional 4,310 shares during the period. Advisors Asset Management Inc. owned approximately 0.09% of Arcosa worth $4,136,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Kennondale Capital Management LLC bought a new stake in shares of Arcosa during the 4th quarter worth approximately $784,000. Flagship Wealth Advisors LLC bought a new stake in Arcosa during the fourth quarter worth $52,000. Cibc World Markets Corp acquired a new stake in shares of Arcosa in the 4th quarter valued at $439,000. Creative Financial Designs Inc. ADV increased its stake in shares of Arcosa by 1,044.6% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 950 shares of the company's stock valued at $92,000 after purchasing an additional 867 shares during the last quarter. Finally, Swiss National Bank raised its holdings in shares of Arcosa by 1.2% during the 4th quarter. Swiss National Bank now owns 96,000 shares of the company's stock worth $9,287,000 after buying an additional 1,100 shares in the last quarter. 90.66% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer raised 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.

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Arcosa Trading Up 0.5 %

Shares of ACA stock traded up $0.39 during mid-day trading on Tuesday, reaching $82.24. 423,684 shares of the stock traded hands, compared to its average volume of 244,457. The stock's fifty day simple moving average is $92.64 and its two-hundred day simple moving average is $96.28. Arcosa, Inc. has a 1-year low of $72.75 and a 1-year high of $113.43. 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 company has a market cap of $4.01 billion, a price-to-earnings ratio of 31.27 and a beta of 0.81.

Arcosa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date is Tuesday, April 15th. Arcosa's payout ratio is 10.47%.

About Arcosa

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.