Neuberger Berman Group LLC Grows Holdings in Arcosa, Inc. (NYSE:ACA)

Neuberger Berman Group LLC lifted its stake in shares of Arcosa, Inc. (NYSE:ACA - Free Report) by 21.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,016,597 shares of the company's stock after acquiring an additional 536,349 shares during the period. Neuberger Berman Group LLC owned 6.18% of Arcosa worth $291,831,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ACA. GAMMA Investing LLC raised its holdings in shares of Arcosa by 80.9% during the fourth quarter. GAMMA Investing LLC now owns 331 shares of the company's stock valued at $32,000 after purchasing an additional 148 shares during the period. Arizona State Retirement System raised its stake in Arcosa by 1.2% during the 4th quarter. Arizona State Retirement System now owns 14,159 shares of the company's stock worth $1,370,000 after buying an additional 170 shares during the period. Blue Trust Inc. raised its stake in Arcosa by 16.4% during the 4th quarter. Blue Trust Inc. now owns 1,240 shares of the company's stock worth $118,000 after buying an additional 175 shares during the period. HighTower Advisors LLC boosted its holdings in Arcosa by 0.4% in the fourth quarter. HighTower Advisors LLC now owns 72,916 shares of the company's stock worth $7,054,000 after acquiring an additional 284 shares in the last quarter. Finally, Xponance Inc. grew its stake in Arcosa by 10.0% in the fourth quarter. Xponance Inc. now owns 3,505 shares of the company's stock valued at $339,000 after acquiring an additional 319 shares during the period. Institutional investors and hedge funds own 90.66% of the company's stock.

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Arcosa Stock Down 0.0 %

ACA traded down $0.02 during midday trading on Tuesday, reaching $77.89. 94,082 shares of the company were exchanged, compared to its average volume of 268,514. Arcosa, Inc. has a one year low of $68.11 and a one year high of $113.43. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.77 and a current ratio of 3.61. The company's fifty day moving average price is $85.03 and its 200 day moving average price is $94.68. The company has a market cap of $3.80 billion, a price-to-earnings ratio of 29.62 and a beta of 0.85.

Arcosa Dividend Announcement

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 given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date is Tuesday, April 15th. Arcosa's payout ratio is currently 10.47%.

Analysts Set New Price Targets

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

Arcosa Company 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.