Thrivent Financial for Lutherans Sells 10,408 Shares of Arcosa, Inc. (NYSE:ACA)

Thrivent Financial for Lutherans reduced its stake in Arcosa, Inc. (NYSE:ACA - Free Report) by 14.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,979 shares of the company's stock after selling 10,408 shares during the quarter. Thrivent Financial for Lutherans owned about 0.13% of Arcosa worth $5,996,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of ACA. Kennondale Capital Management LLC purchased a new stake in shares of Arcosa during the 4th quarter valued at $784,000. Flagship Wealth Advisors LLC purchased a new position in Arcosa in the fourth quarter worth $52,000. Cibc World Markets Corp bought a new position in Arcosa in the fourth quarter valued at $439,000. Creative Financial Designs Inc. ADV raised its position in Arcosa by 1,044.6% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 950 shares of the company's stock valued at $92,000 after purchasing an additional 867 shares in the last quarter. Finally, Swiss National Bank lifted its stake in Arcosa by 1.2% during the fourth quarter. Swiss National Bank now owns 96,000 shares of the company's stock worth $9,287,000 after purchasing an additional 1,100 shares during the last quarter. 90.66% of the stock is currently owned by institutional investors.

Arcosa Trading Up 0.6 %

Shares of ACA stock traded up $0.52 on Thursday, hitting $81.88. 405,026 shares of the company's stock traded hands, compared to its average volume of 246,954. The stock has a market capitalization of $3.99 billion, a price-to-earnings ratio of 31.13 and a beta of 0.81. The company's fifty day simple moving average is $92.02 and its 200 day simple moving average is $96.18. Arcosa, Inc. has a one year low of $72.75 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.

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Arcosa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.24%. Arcosa's dividend payout ratio (DPR) is currently 10.47%.

Analyst Ratings Changes

Separately, Oppenheimer increased their price objective on Arcosa from $105.00 to $110.00 and gave the company an "outperform" rating in a research 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.