Arcosa (NYSE:ACA) Trading Down 12.8% – Here’s Why

Arcosa, Inc. (NYSE:ACA) shares traded down 12.8% on Friday . The stock traded as low as $80.62 and last traded at $79.82. 44,154 shares traded hands during trading, a decline of 81% from the average session volume of 234,346 shares. The stock had previously closed at $91.58.

Wall Street Analyst Weigh In

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

Arcosa Stock Down 8.5 %

The company has a quick ratio of 2.77, a current ratio of 3.61 and a debt-to-equity ratio of 0.51. The stock has a market cap of $4.09 billion, a P/E ratio of 31.87 and a beta of 0.76. The company’s 50 day moving average price is $98.18 and its two-hundred day moving average price is $96.92.

Arcosa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.24%. The ex-dividend date of this dividend is Tuesday, April 15th. Arcosa’s payout ratio is 7.60%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ACA. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Arcosa by 16.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 128,521 shares of the company’s stock valued at $12,433,000 after purchasing an additional 17,958 shares during the period. Sherbrooke Park Advisers LLC purchased a new position in Arcosa in the 4th quarter valued at about $318,000. Silvercrest Asset Management Group LLC boosted its holdings in Arcosa by 4.0% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 1,107,833 shares of the company’s stock worth $107,172,000 after buying an additional 42,842 shares during the last quarter. ProShare Advisors LLC boosted its holdings in Arcosa by 36.6% in the 4th quarter. ProShare Advisors LLC now owns 15,680 shares of the company’s stock worth $1,517,000 after buying an additional 4,201 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp purchased a new stake in Arcosa during the 4th quarter worth approximately $358,000. Institutional investors and hedge funds own 90.66% of the company’s stock.

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.