State of Alaska Department of Revenue Decreases Stock Holdings in Arcosa, Inc. (NYSE:ACA)

State of Alaska Department of Revenue decreased its stake in shares of Arcosa, Inc. (NYSE:ACA) by 0.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 27,674 shares of the company’s stock after selling 165 shares during the quarter. State of Alaska Department of Revenue’s holdings in Arcosa were worth $2,677,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its stake in Arcosa by 80.9% during the fourth quarter. GAMMA Investing LLC now owns 331 shares of the company’s stock worth $32,000 after purchasing an additional 148 shares during the period. Point72 DIFC Ltd acquired a new stake in Arcosa during the third quarter worth $37,000. Blue Trust Inc. raised its position in Arcosa by 16.4% in the fourth quarter. Blue Trust Inc. now owns 1,240 shares of the company’s stock valued at $118,000 after purchasing an additional 175 shares during the period. KBC Group NV raised its holdings in Arcosa by 20.5% in the 3rd quarter. KBC Group NV now owns 1,424 shares of the company’s stock valued at $135,000 after buying an additional 242 shares during the period. Finally, First Trust Direct Indexing L.P. acquired a new position in Arcosa in the third quarter valued at about $206,000. Institutional investors and hedge funds own 90.66% of the company’s stock.

Arcosa Price Performance

Arcosa stock opened at $101.71 on Monday. The firm has a market cap of $4.96 billion, a PE ratio of 38.67 and a beta of 0.76. The company’s 50 day moving average is $100.82 and its two-hundred day moving average is $95.89. Arcosa, Inc. has a 52-week low of $72.75 and a 52-week high of $113.43. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.20%. The ex-dividend date of this dividend was Wednesday, January 15th. Arcosa’s payout ratio is presently 7.60%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on ACA shares. Oppenheimer lifted their price target on shares of Arcosa from $105.00 to $110.00 and gave the company an “outperform” rating in a research report on Tuesday, January 14th. Barclays assumed coverage on Arcosa in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $106.00 target price on the stock.

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.