Arcosa, Inc. (NYSE:ACA) Shares Sold by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp trimmed its stake in Arcosa, Inc. (NYSE:ACA) by 3.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,879 shares of the company’s stock after selling 332 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Arcosa were worth $859,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Amundi raised its holdings in shares of Arcosa by 191.1% in the fourth quarter. Amundi now owns 25,000 shares of the company’s stock worth $2,375,000 after acquiring an additional 16,412 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Arcosa by 36.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,068 shares of the company’s stock worth $684,000 after acquiring an additional 1,902 shares during the last quarter. Inceptionr LLC acquired a new position in shares of Arcosa in the fourth quarter worth $357,000. Raymond James Financial Inc. acquired a new position in shares of Arcosa in the fourth quarter worth $15,919,000. Finally, Arizona State Retirement System raised its holdings in shares of Arcosa by 1.2% in the fourth quarter. Arizona State Retirement System now owns 14,159 shares of the company’s stock worth $1,370,000 after acquiring an additional 170 shares during the last quarter. 90.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer lifted 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 Price Performance

Shares of NYSE:ACA opened at $79.69 on Friday. The company has a market cap of $3.89 billion, a P/E ratio of 30.30 and a beta of 0.81. The company has a quick ratio of 2.77, a current ratio of 3.61 and a debt-to-equity ratio of 0.51. Arcosa, Inc. has a 52 week low of $72.75 and a 52 week high of $113.43. The business has a fifty day simple moving average of $96.02 and a 200-day simple moving average of $96.88.

Arcosa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend 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.