Arcosa (NYSE:ACA) Trading Down 12.8% – Should You Sell?

Arcosa, Inc. (NYSE:ACA)’s share price dropped 12.8% during mid-day trading on Friday . The company traded as low as $80.62 and last traded at $79.82. Approximately 44,154 shares were traded during trading, a decline of 81% from the average daily volume of 234,346 shares. The stock had previously closed at $91.58.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer upped 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.

Arcosa Price Performance

The firm has a 50 day moving average price of $97.87 and a 200 day moving average price of $97.03. The stock has a market capitalization of $4.09 billion, a PE ratio of 31.87 and a beta of 0.76. The company has a current ratio of 3.61, a quick ratio of 2.77 and a debt-to-equity ratio of 0.51.

Arcosa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date is Tuesday, April 15th. Arcosa’s payout ratio is 10.47%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. First Trust Direct Indexing L.P. bought a new stake in Arcosa during the 3rd quarter worth approximately $206,000. Harbor Capital Advisors Inc. increased its stake in shares of Arcosa by 152.2% in the third quarter. Harbor Capital Advisors Inc. now owns 195,358 shares of the company’s stock worth $18,512,000 after purchasing an additional 117,892 shares in the last quarter. QRG Capital Management Inc. raised its position in shares of Arcosa by 15.5% during the 3rd quarter. QRG Capital Management Inc. now owns 3,018 shares of the company’s stock valued at $286,000 after purchasing an additional 406 shares during the period. River Global Investors LLP lifted its stake in shares of Arcosa by 11.4% during the 3rd quarter. River Global Investors LLP now owns 80,228 shares of the company’s stock valued at $7,596,000 after buying an additional 8,222 shares in the last quarter. Finally, Peregrine Asset Advisers Inc. bought a new position in Arcosa in the 3rd quarter worth $590,000. 90.66% of the stock is owned by hedge funds and other institutional investors.

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.