Kennondale Capital Management LLC Takes $784,000 Position in Arcosa, Inc. (NYSE:ACA)

Kennondale Capital Management LLC bought a new stake in Arcosa, Inc. (NYSE:ACA) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 8,103 shares of the company’s stock, valued at approximately $784,000.

A number of other hedge funds have also made changes to their positions in the business. Flagship Wealth Advisors LLC purchased a new position in shares of Arcosa in the 4th quarter valued at $52,000. Cibc World Markets Corp purchased a new position in shares of Arcosa in the 4th quarter valued at $439,000. Creative Financial Designs Inc. ADV raised its stake in shares of Arcosa by 1,044.6% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 950 shares of the company’s stock valued at $92,000 after acquiring an additional 867 shares during the period. Swiss National Bank raised its stake in shares of Arcosa by 1.2% in the 4th quarter. Swiss National Bank now owns 96,000 shares of the company’s stock valued at $9,287,000 after acquiring an additional 1,100 shares during the period. Finally, HighTower Advisors LLC raised its stake in shares of Arcosa by 0.4% in the 4th quarter. HighTower Advisors LLC now owns 72,916 shares of the company’s stock valued at $7,054,000 after acquiring an additional 284 shares during the period. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Wall Street Analysts Forecast Growth

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 research note on Tuesday, January 14th.

Arcosa Price Performance

Shares of ACA stock opened at $81.28 on Tuesday. The firm has a market cap of $3.96 billion, a P/E ratio of 30.91 and a beta of 0.81. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.61 and a quick ratio of 2.77. Arcosa, Inc. has a 1-year low of $72.75 and a 1-year high of $113.43. The firm has a fifty day moving average of $93.97 and a two-hundred day moving average of $96.51.

Arcosa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.25%. The ex-dividend date of this dividend is Tuesday, April 15th. Arcosa’s dividend payout ratio is currently 10.47%.

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.