Arcosa, Inc. (NYSE:ACA) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P trimmed its position in Arcosa, Inc. (NYSE:ACA - Free Report) by 1.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 910,290 shares of the company's stock after selling 9,709 shares during the period. Loomis Sayles & Co. L P owned 1.87% of Arcosa worth $88,061,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in shares of Arcosa in the fourth quarter worth $15,919,000. Jacobs Levy Equity Management Inc. purchased a new position in Arcosa during the third quarter valued at approximately $8,327,000. JPMorgan Chase & Co. raised its position in Arcosa by 16.9% during the fourth quarter. JPMorgan Chase & Co. now owns 490,954 shares of the company's stock valued at $47,495,000 after acquiring an additional 70,919 shares in the last quarter. HighTower Advisors LLC lifted its holdings in Arcosa by 969.5% in the third quarter. HighTower Advisors LLC now owns 72,632 shares of the company's stock valued at $6,812,000 after acquiring an additional 65,841 shares during the period. Finally, Point72 Asset Management L.P. grew its stake in shares of Arcosa by 236.8% during the 3rd 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 period. Hedge funds and other institutional investors own 90.66% of the company's stock.

Arcosa Price Performance

ACA traded down $3.06 during trading on Monday, hitting $76.91. The company's stock had a trading volume of 72,317 shares, compared to its average volume of 261,190. The firm has a market capitalization of $3.75 billion, a price-to-earnings ratio of 29.24 and a beta of 0.81. Arcosa, Inc. has a twelve month low of $72.75 and a twelve month high of $113.43. The business's fifty day simple moving average is $91.36 and its 200 day simple moving average is $96.23. The company has a current ratio of 3.61, a quick ratio of 2.77 and a debt-to-equity ratio of 0.51.

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Arcosa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be paid 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 is currently 10.47%.

Wall Street Analysts Forecast Growth

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

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.