164,555 Shares in Arcosa, Inc. (NYSE:ACA) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in Arcosa, Inc. (NYSE:ACA - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 164,555 shares of the company's stock, valued at approximately $15,919,000. Raymond James Financial Inc. owned about 0.34% of Arcosa as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the stock. Arizona State Retirement System lifted its position in Arcosa by 1.2% during the fourth quarter. Arizona State Retirement System now owns 14,159 shares of the company's stock valued at $1,370,000 after buying an additional 170 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Arcosa during the fourth quarter worth $30,000. Victory Capital Management Inc. lifted its position in shares of Arcosa by 385.5% during the fourth quarter. Victory Capital Management Inc. now owns 76,145 shares of the company's stock worth $7,366,000 after purchasing an additional 60,460 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Arcosa by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 658,875 shares of the company's stock worth $63,740,000 after purchasing an additional 14,708 shares in the last quarter. Finally, Sage Rhino Capital LLC acquired a new position in shares of Arcosa during the fourth quarter worth $201,000. 90.66% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Oppenheimer lifted 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.

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Arcosa Stock Performance

ACA stock traded down $0.92 during trading on Friday, hitting $79.49. 609,994 shares of the company's stock traded hands, compared to its average volume of 243,980. The company has a quick ratio of 2.77, a current ratio of 3.61 and a debt-to-equity ratio of 0.51. Arcosa, Inc. has a 52 week low of $72.75 and a 52 week high of $113.43. The stock has a fifty day moving average price of $92.87 and a two-hundred day moving average price of $96.13. The stock has a market capitalization of $3.88 billion, a price-to-earnings ratio of 30.22 and a beta of 0.81.

Arcosa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be given a dividend of $0.05 per share. The ex-dividend date is Tuesday, April 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.25%. Arcosa's dividend payout ratio is currently 10.47%.

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.