Sheets Smith Investment Management Acquires New Position in Arcosa, Inc. (NYSE:ACA)

Sheets Smith Investment Management acquired a new stake in Arcosa, Inc. (NYSE:ACA) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 12,990 shares of the company’s stock, valued at approximately $1,257,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ACA. Natixis Advisors LLC lifted its stake in shares of Arcosa by 8.2% in the third quarter. Natixis Advisors LLC now owns 39,692 shares of the company’s stock valued at $3,761,000 after purchasing an additional 3,013 shares during the period. Intech Investment Management LLC lifted its stake in shares of Arcosa by 116.2% in the third quarter. Intech Investment Management LLC now owns 10,620 shares of the company’s stock valued at $1,006,000 after purchasing an additional 5,707 shares during the period. Citigroup Inc. increased its holdings in Arcosa by 60.0% during the 3rd quarter. Citigroup Inc. now owns 68,524 shares of the company’s stock valued at $6,493,000 after acquiring an additional 25,689 shares in the last quarter. Cerity Partners LLC increased its holdings in Arcosa by 29.1% during the 3rd quarter. Cerity Partners LLC now owns 19,295 shares of the company’s stock valued at $1,828,000 after acquiring an additional 4,350 shares in the last quarter. Finally, FMR LLC increased its holdings in Arcosa by 95.7% during the 3rd quarter. FMR LLC now owns 36,097 shares of the company’s stock valued at $3,421,000 after acquiring an additional 17,648 shares in the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

Analysts Set New Price Targets

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

Arcosa Stock Performance

NYSE:ACA opened at $79.49 on Monday. The company has a current ratio of 3.61, a quick ratio of 2.77 and a debt-to-equity ratio of 0.51. The firm has a 50-day moving average price of $92.87 and a two-hundred day moving average price of $96.29. Arcosa, Inc. has a twelve month low of $72.75 and a twelve month high of $113.43. The company has a market capitalization of $3.88 billion, a P/E ratio of 30.22 and a beta of 0.81.

Arcosa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be issued 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 0.25%. Arcosa’s dividend payout ratio (DPR) 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.