Xponance Inc. Buys 319 Shares of Arcosa, Inc. (NYSE:ACA)

Xponance Inc. lifted its stake in shares of Arcosa, Inc. (NYSE:ACA) by 10.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,505 shares of the company’s stock after acquiring an additional 319 shares during the quarter. Xponance Inc.’s holdings in Arcosa were worth $339,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ACA. Charles Schwab Investment Management Inc. lifted its stake in Arcosa by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 658,875 shares of the company’s stock worth $63,740,000 after acquiring an additional 14,708 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Arcosa in the 4th quarter worth approximately $15,919,000. Proficio Capital Partners LLC bought a new position in shares of Arcosa during the fourth quarter valued at approximately $30,000. TCW Group Inc. increased its holdings in Arcosa by 11.0% during the fourth quarter. TCW Group Inc. now owns 45,673 shares of the company’s stock valued at $4,418,000 after buying an additional 4,539 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Arcosa by 1.1% in the fourth quarter. Bank of New York Mellon Corp now owns 414,222 shares of the company’s stock worth $40,072,000 after buying an additional 4,599 shares in the last quarter. Institutional investors own 90.66% of the company’s stock.

Arcosa Price Performance

NYSE ACA opened at $81.88 on Friday. The firm’s fifty day simple moving average is $91.72 and its two-hundred day simple moving average is $96.08. The firm has a market capitalization of $3.99 billion, a P/E ratio of 31.13 and a beta of 0.81. The company has a current ratio of 3.61, a quick ratio of 2.77 and a debt-to-equity ratio of 0.51. Arcosa, Inc. has a 12-month low of $72.75 and a 12-month high of $113.43.

Arcosa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be paid a dividend of $0.05 per share. The ex-dividend date is Tuesday, April 15th. This represents a $0.20 annualized dividend and a yield of 0.24%. Arcosa’s dividend payout ratio (DPR) is 10.47%.

Wall Street Analyst Weigh In

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

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.