Kennondale Capital Management LLC acquired a new position in shares of Arcosa, Inc. (NYSE:ACA - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 8,103 shares of the company's stock, valued at approximately $784,000.
A number of other hedge funds also recently made changes to their positions in ACA. Raymond James Financial Inc. bought a new stake in shares of Arcosa during the 4th quarter worth $15,919,000. Jacobs Levy Equity Management Inc. bought a new stake in Arcosa in the third quarter worth $8,327,000. HighTower Advisors LLC lifted its stake in Arcosa by 969.5% in the third quarter. HighTower Advisors LLC now owns 72,632 shares of the company's stock worth $6,812,000 after purchasing an additional 65,841 shares during the last quarter. Point72 Asset Management L.P. lifted its stake in Arcosa by 236.8% in the third quarter. Point72 Asset Management L.P. now owns 92,512 shares of the company's stock worth $8,766,000 after purchasing an additional 65,041 shares during the last quarter. Finally, Barclays PLC lifted its stake in Arcosa by 330.9% in the third quarter. Barclays PLC now owns 81,782 shares of the company's stock worth $7,750,000 after purchasing an additional 62,804 shares during the last quarter. 90.66% of the stock is owned by institutional investors.
Analyst Ratings Changes
Separately, Oppenheimer boosted 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.
Check Out Our Latest Stock Analysis on ACA
Arcosa Trading Down 1.1 %
Shares of ACA stock traded down $0.92 during mid-day trading on Friday, reaching $79.49. The stock had a trading volume of 609,994 shares, compared to its average volume of 243,980. The stock's 50-day moving average price is $92.87 and its two-hundred day moving average price is $96.13. Arcosa, Inc. has a 52-week low of $72.75 and a 52-week high of $113.43. The firm has a market capitalization of $3.88 billion, a PE ratio of 30.22 and a beta of 0.81. The company has a current ratio of 3.61, a quick ratio of 2.77 and a debt-to-equity ratio of 0.51.
Arcosa Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be given 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 10.47%.
About Arcosa
(
Free Report)
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.
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