Sheets Smith Investment Management Makes New Investment in Arcosa, Inc. (NYSE:ACA)

Sheets Smith Investment Management purchased a new stake in shares of Arcosa, Inc. (NYSE:ACA - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 12,990 shares of the company's stock, valued at approximately $1,257,000.

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

Wall Street Analyst Weigh In

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

Arcosa Trading Down 2.3 %

Shares of ACA traded down $1.87 during mid-day trading on Friday, reaching $80.01. The company's stock had a trading volume of 423,632 shares, compared to its average volume of 261,918. Arcosa, Inc. has a 52 week low of $72.75 and a 52 week high of $113.43. The stock has a market cap of $3.90 billion, a PE ratio of 30.42 and a beta of 0.81. The company's fifty day moving average price is $91.36 and its two-hundred day moving average price is $96.06. 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 firm also recently declared 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 annualized dividend and a yield of 0.25%. The ex-dividend date is Tuesday, April 15th. Arcosa's dividend payout ratio is presently 10.47%.

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.