New Age Alpha Advisors LLC Acquires New Position in Arcosa, Inc. (NYSE:ACA)

New Age Alpha Advisors LLC bought a new position in Arcosa, Inc. (NYSE:ACA) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,965 shares of the company’s stock, valued at approximately $287,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its position in shares of Arcosa by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 658,875 shares of the company’s stock valued at $63,740,000 after purchasing an additional 14,708 shares during the period. Raymond James Financial Inc. purchased a new stake in Arcosa in the 4th quarter valued at about $15,919,000. Proficio Capital Partners LLC purchased a new stake in Arcosa in the 4th quarter valued at about $30,000. TCW Group Inc. increased its stake in shares of Arcosa by 11.0% during the 4th quarter. TCW Group Inc. now owns 45,673 shares of the company’s stock valued at $4,418,000 after acquiring an additional 4,539 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Arcosa by 1.1% during the 4th quarter. Bank of New York Mellon Corp now owns 414,222 shares of the company’s stock worth $40,072,000 after acquiring an additional 4,599 shares during the period. 90.66% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Arcosa Price Performance

ACA stock opened at $78.07 on Wednesday. The stock has a 50-day moving average price of $90.50 and a two-hundred day moving average price of $96.07. The company has a market cap of $3.81 billion, a PE ratio of 29.68 and a beta of 0.81. 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, Inc. has a 12-month low of $72.75 and a 12-month high of $113.43.

Arcosa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend is Tuesday, April 15th. 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.