Gamco Investors INC. ET AL Sells 20,434 Shares of Arcosa, Inc. (NYSE:ACA)

Gamco Investors INC. ET AL trimmed its position in shares of Arcosa, Inc. (NYSE:ACA - Free Report) by 9.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 191,037 shares of the company's stock after selling 20,434 shares during the quarter. Gamco Investors INC. ET AL owned 0.39% of Arcosa worth $18,481,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new position in shares of Arcosa in the fourth quarter valued at approximately $73,178,000. Neuberger Berman Group LLC boosted its position in shares of Arcosa by 21.6% during the fourth quarter. Neuberger Berman Group LLC now owns 3,016,597 shares of the company's stock worth $291,831,000 after buying an additional 536,349 shares during the period. Raymond James Financial Inc. acquired a new stake in Arcosa in the 4th quarter valued at approximately $15,919,000. JPMorgan Chase & Co. raised its position in Arcosa by 16.9% in the 4th quarter. JPMorgan Chase & Co. now owns 490,954 shares of the company's stock valued at $47,495,000 after buying an additional 70,919 shares during the last quarter. Finally, Barclays PLC lifted its stake in Arcosa by 330.9% in the 3rd quarter. Barclays PLC now owns 81,782 shares of the company's stock valued at $7,750,000 after acquiring an additional 62,804 shares in the last quarter. Institutional investors and hedge funds own 90.66% of the company's stock.

Arcosa Price Performance

Shares of NYSE:ACA traded up $0.41 during midday trading on Friday, hitting $77.47. The stock had a trading volume of 375,412 shares, compared to its average volume of 269,850. The company's 50-day moving average price is $83.04 and its 200-day moving average price is $94.21. The company has a market capitalization of $3.78 billion, a P/E ratio of 29.45 and a beta of 0.85. Arcosa, Inc. has a fifty-two week low of $68.11 and a fifty-two week 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.

Arcosa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend is Tuesday, April 15th. Arcosa's dividend payout ratio is currently 10.47%.

Wall Street Analyst Weigh In

Separately, Oppenheimer raised their price target on shares of Arcosa from $105.00 to $110.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 14th.

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.