Inceptionr LLC Takes Position in Arcosa, Inc. (NYSE:ACA)

Inceptionr LLC bought a new position in shares of Arcosa, Inc. (NYSE:ACA) during the 4th quarter, Holdings Channel.com reports. The firm bought 3,694 shares of the company’s stock, valued at approximately $357,000.

Several other large investors have also recently added to or reduced their stakes in the business. State Street Corp lifted its position in Arcosa by 1.1% during the third quarter. State Street Corp now owns 1,981,385 shares of the company’s stock worth $187,756,000 after buying an additional 22,258 shares during the period. Geode Capital Management LLC lifted its position in Arcosa by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,129,456 shares of the company’s stock worth $107,047,000 after buying an additional 16,032 shares during the period. Franklin Resources Inc. lifted its position in 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 period. Charles Schwab Investment Management Inc. lifted its position in 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 buying an additional 14,708 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Arcosa by 1.1% during the fourth quarter. Bank of New York Mellon Corp now owns 414,222 shares of the company’s stock worth $40,072,000 after buying an additional 4,599 shares during the period. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Arcosa Stock Performance

Shares of NYSE:ACA opened at $79.69 on Friday. The firm has a market capitalization of $3.89 billion, a PE ratio of 30.30 and a beta of 0.81. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.61 and a quick ratio of 2.77. The business has a 50-day moving average of $96.02 and a two-hundred day moving average of $96.88. Arcosa, Inc. has a 12 month low of $72.75 and a 12 month high of $113.43.

Arcosa Announces Dividend

The company 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 dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.20 annualized dividend and a yield of 0.25%. 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.