Arcosa (NYSE:ACA) Trading Down 12.8% - What's Next?

Arcosa, Inc. (NYSE:ACA - Get Free Report) was down 12.8% on Friday . The stock traded as low as $80.62 and last traded at $79.82. Approximately 44,154 shares were traded during trading, a decline of 81% from the average daily volume of 234,346 shares. The stock had previously closed at $91.58.

Analyst Upgrades and Downgrades

Separately, Oppenheimer increased their price objective on Arcosa from $105.00 to $110.00 and gave the company an "outperform" rating in a report on Tuesday, January 14th.

Arcosa Stock Down 2.4 %

The stock has a fifty day moving average price of $97.53 and a 200 day moving average price of $97.09. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.61 and a quick ratio of 2.77. The stock has a market capitalization of $3.88 billion, a P/E ratio of 30.21 and a beta of 0.76.

Arcosa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date is Tuesday, April 15th. Arcosa's payout ratio is currently 10.47%.

Hedge Funds Weigh In On Arcosa

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Arcosa by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 5,666,144 shares of the company's stock worth $548,143,000 after acquiring an additional 14,207 shares during the period. Neuberger Berman Group LLC boosted its stake in Arcosa by 21.6% during the fourth quarter. Neuberger Berman Group LLC now owns 3,016,597 shares of the company's stock valued at $291,831,000 after buying an additional 536,349 shares during the period. State Street Corp boosted its stake in Arcosa by 1.1% during the third quarter. State Street Corp now owns 1,981,385 shares of the company's stock valued at $187,756,000 after buying an additional 22,258 shares during the period. T. Rowe Price Investment Management Inc. boosted its stake in Arcosa by 3.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,702,718 shares of the company's stock valued at $164,721,000 after buying an additional 60,818 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Arcosa by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,129,456 shares of the company's stock valued at $107,047,000 after buying an additional 16,032 shares during the period. 90.66% of the stock is owned by institutional investors.

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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.