Entropy Technologies LP bought a new position in shares of Arcosa, Inc. (NYSE:ACA – Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 6,557 shares of the company’s stock, valued at approximately $563,000.
A number of other institutional investors and hedge funds have also made changes to their positions in ACA. Vanguard Group Inc. boosted its holdings in Arcosa by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 5,549,618 shares of the company’s stock worth $458,620,000 after buying an additional 32,164 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Arcosa by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,860,854 shares of the company’s stock worth $236,424,000 after acquiring an additional 39,008 shares in the last quarter. Norges Bank acquired a new stake in shares of Arcosa in the 4th quarter worth approximately $45,468,000. First Trust Advisors LP increased its stake in Arcosa by 17.7% in the 4th quarter. First Trust Advisors LP now owns 374,782 shares of the company’s stock valued at $30,972,000 after purchasing an additional 56,451 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in Arcosa by 6.9% during the first quarter. Russell Investments Group Ltd. now owns 294,928 shares of the company’s stock worth $25,323,000 after purchasing an additional 18,967 shares during the last quarter. 90.66% of the stock is owned by institutional investors and hedge funds.
Arcosa Price Performance
Shares of Arcosa stock traded up $1.08 during trading on Thursday, hitting $90.78. 12,247 shares of the company were exchanged, compared to its average volume of 223,126. Arcosa, Inc. has a fifty-two week low of $61.98 and a fifty-two week high of $93.07. The company has a quick ratio of 1.36, a current ratio of 2.28 and a debt-to-equity ratio of 0.25. The firm has a 50 day moving average price of $85.20 and a 200 day moving average price of $82.61. The stock has a market capitalization of $4.41 billion, a price-to-earnings ratio of 30.71 and a beta of 0.74.
Arcosa Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, July 15th will be issued a $0.05 dividend. The ex-dividend date is Monday, July 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.22%. Arcosa’s dividend payout ratio (DPR) is 6.85%.
Insiders Place Their Bets
In other news, insider Kerry S. Cole sold 10,978 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $88.71, for a total value of $973,858.38. Following the completion of the transaction, the insider now owns 18,527 shares of the company’s stock, valued at $1,643,530.17. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.30% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
Separately, DA Davidson upped their target price on Arcosa from $105.00 to $110.00 and gave the company a “buy” rating in a report on Friday, May 17th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.00.
Get Our Latest Stock Analysis on ACA
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.
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