FourThought Financial Partners LLC Makes New Investment in Arcosa, Inc. (NYSE:ACA)

FourThought Financial Partners LLC purchased a new stake in shares of Arcosa, Inc. (NYSE:ACA) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,254 shares of the company’s stock, valued at approximately $218,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Peregrine Asset Advisers Inc. purchased a new position in Arcosa during the third quarter valued at approximately $590,000. TCW Group Inc. boosted its holdings in Arcosa by 11.0% in the 4th quarter. TCW Group Inc. now owns 45,673 shares of the company’s stock valued at $4,418,000 after purchasing an additional 4,539 shares during the period. Barclays PLC grew its position in shares of Arcosa by 330.9% during the 3rd quarter. Barclays PLC now owns 81,782 shares of the company’s stock valued at $7,750,000 after purchasing an additional 62,804 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of Arcosa by 152.2% in the third quarter. Harbor Capital Advisors Inc. now owns 195,358 shares of the company’s stock worth $18,512,000 after purchasing an additional 117,892 shares during the period. Finally, HighTower Advisors LLC raised its position in shares of Arcosa by 969.5% in the third quarter. HighTower Advisors LLC now owns 72,632 shares of the company’s stock worth $6,812,000 after buying an additional 65,841 shares in the last quarter. 90.66% of the stock is currently owned by institutional investors.

Arcosa Trading Up 0.6 %

Shares of Arcosa stock opened at $93.44 on Thursday. The company has a 50 day simple moving average of $98.33 and a two-hundred day simple moving average of $96.95. The firm has a market cap of $4.56 billion, a PE ratio of 35.53 and a beta of 0.76. Arcosa, Inc. has a 1 year low of $72.75 and a 1 year high of $113.43. 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 Announces Dividend

The business 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 $0.05 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $0.20 annualized dividend and a yield of 0.21%. Arcosa’s dividend payout ratio (DPR) is presently 7.60%.

Analyst Ratings Changes

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

Arcosa Company 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.