Norges Bank Makes New $73.18 Million Investment in Arcosa, Inc. (NYSE:ACA)

Norges Bank bought a new position in Arcosa, Inc. (NYSE:ACA - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 756,443 shares of the company's stock, valued at approximately $73,178,000. Norges Bank owned about 1.55% of Arcosa as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of ACA. Proficio Capital Partners LLC acquired a new position in Arcosa in the fourth quarter worth about $30,000. GAMMA Investing LLC lifted its holdings in Arcosa by 80.9% during the 4th quarter. GAMMA Investing LLC now owns 331 shares of the company's stock worth $32,000 after buying an additional 148 shares during the last quarter. Point72 DIFC Ltd acquired a new position in shares of Arcosa in the 3rd quarter worth approximately $37,000. Flagship Wealth Advisors LLC bought a new stake in shares of Arcosa in the 4th quarter valued at approximately $52,000. Finally, AlphaQuest LLC raised its position in shares of Arcosa by 12,050.0% during the 4th quarter. AlphaQuest LLC now owns 729 shares of the company's stock valued at $71,000 after acquiring an additional 723 shares in the last quarter. Institutional investors and hedge funds own 90.66% of the company's stock.

Analyst Ratings Changes

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

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Arcosa Stock Performance

Shares of NYSE:ACA traded down $0.73 during trading on Monday, hitting $71.66. 428,108 shares of the company traded hands, compared to its average volume of 265,083. The company has a quick ratio of 2.77, a current ratio of 3.61 and a debt-to-equity ratio of 0.51. The business's fifty day moving average is $88.56 and its 200-day moving average is $95.59. The stock has a market capitalization of $3.50 billion, a price-to-earnings ratio of 27.25 and a beta of 0.85. Arcosa, Inc. has a one year low of $68.11 and a one year high of $113.43.

Arcosa Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date is Tuesday, April 15th. Arcosa's payout ratio is 10.47%.

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.