HighTower Advisors LLC Raises Stake in Arcosa, Inc. (NYSE:ACA)

HighTower Advisors LLC raised its stake in Arcosa, Inc. (NYSE:ACA) by 0.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 72,916 shares of the company’s stock after buying an additional 284 shares during the quarter. HighTower Advisors LLC’s holdings in Arcosa were worth $7,054,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC purchased a new stake in Arcosa in the 4th quarter valued at $30,000. GAMMA Investing LLC grew its holdings in Arcosa by 80.9% in 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 purchased a new stake in Arcosa in the 3rd quarter valued at $37,000. AlphaQuest LLC grew its holdings in Arcosa by 12,050.0% in the 4th quarter. AlphaQuest LLC now owns 729 shares of the company’s stock valued at $71,000 after buying an additional 723 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in Arcosa by 16.4% in the 4th quarter. Blue Trust Inc. now owns 1,240 shares of the company’s stock valued at $118,000 after buying an additional 175 shares in the last quarter. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

Arcosa Stock Performance

Shares of Arcosa stock opened at $80.27 on Wednesday. Arcosa, Inc. has a 52 week low of $72.75 and a 52 week high of $113.43. The business’s fifty day simple moving average is $93.68 and its 200-day simple moving average is $96.43. The firm has a market cap of $3.92 billion, a PE ratio of 30.52 and a beta of 0.81. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.25%. The ex-dividend date is Tuesday, April 15th. Arcosa’s dividend payout ratio (DPR) is presently 10.47%.

Wall Street Analysts Forecast Growth

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

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.