Scalar Gauge Management LLC Makes New $774,000 Investment in Arcosa, Inc. (NYSE:ACA)

Scalar Gauge Management LLC purchased a new position in shares of Arcosa, Inc. (NYSE:ACA - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 8,000 shares of the company's stock, valued at approximately $774,000. Arcosa makes up approximately 0.4% of Scalar Gauge Management LLC's holdings, making the stock its 25th largest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Arcosa by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 5,666,144 shares of the company's stock valued at $548,143,000 after acquiring an additional 14,207 shares during the period. State Street Corp boosted its stake in shares of Arcosa by 1.1% in the 3rd quarter. State Street Corp now owns 1,981,385 shares of the company's stock valued at $187,756,000 after purchasing an additional 22,258 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Arcosa by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,129,456 shares of the company's stock valued at $107,047,000 after purchasing an additional 16,032 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Arcosa by 6.5% during the third quarter. Franklin Resources Inc. now owns 778,246 shares of the company's stock worth $74,214,000 after buying an additional 47,474 shares during the last quarter. Finally, Norges Bank acquired a new position in Arcosa in the fourth quarter valued at approximately $73,178,000. Institutional investors and hedge funds own 90.66% of the company's stock.

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Analyst Upgrades and Downgrades

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

Arcosa Trading Down 5.9 %

Shares of ACA stock traded down $4.44 on Friday, reaching $71.00. The company had a trading volume of 279,917 shares, compared to its average volume of 264,367. The stock has a market cap of $3.46 billion, a PE ratio of 27.01 and a beta of 0.85. The company has a 50-day moving average of $89.63 and a 200-day moving average of $95.82. The company has a current ratio of 3.61, a quick ratio of 2.77 and a debt-to-equity ratio of 0.51. Arcosa, Inc. has a 12 month low of $69.91 and a 12 month high of $113.43.

Arcosa Announces Dividend

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