KLP Kapitalforvaltning AS Acquires New Position in Arcosa, Inc. (NYSE:ACA)

KLP Kapitalforvaltning AS bought a new position in shares of Arcosa, Inc. (NYSE:ACA - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,066 shares of the company's stock, valued at approximately $974,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC increased its position in Arcosa by 80.9% during the fourth quarter. GAMMA Investing LLC now owns 331 shares of the company's stock worth $32,000 after buying an additional 148 shares during the period. Point72 DIFC Ltd purchased a new position in shares of Arcosa during the third quarter worth approximately $37,000. Flagship Wealth Advisors LLC acquired a new position in shares of Arcosa in the 4th quarter valued at $52,000. AlphaQuest LLC raised its position in Arcosa by 12,050.0% in the 4th quarter. AlphaQuest LLC now owns 729 shares of the company's stock valued at $71,000 after purchasing an additional 723 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV raised its position in 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. 90.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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Arcosa Stock Performance

Shares of ACA stock traded down $5.85 during midday trading on Thursday, hitting $75.57. The company had a trading volume of 393,099 shares, compared to its average volume of 264,275. The stock has a market cap of $3.69 billion, a price-to-earnings ratio of 28.73 and a beta of 0.85. 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 company's 50 day simple moving average is $89.63 and its 200 day simple moving average is $95.82. Arcosa, Inc. has a 52-week low of $72.75 and a 52-week high of $113.43.

Arcosa Announces Dividend

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

Arcosa 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.