Norges Bank Makes New $73.18 Million Investment in Arcosa, Inc. (NYSE:ACA)

Norges Bank acquired a new position in shares of Arcosa, Inc. (NYSE:ACA) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 756,443 shares of the company’s stock, valued at approximately $73,178,000. Norges Bank owned approximately 1.55% of Arcosa as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. GAMMA Investing LLC raised its position in Arcosa by 80.9% during the fourth quarter. GAMMA Investing LLC now owns 331 shares of the company’s stock worth $32,000 after acquiring an additional 148 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of Arcosa by 1.2% in the 4th quarter. Arizona State Retirement System now owns 14,159 shares of the company’s stock valued at $1,370,000 after purchasing an additional 170 shares during the period. Blue Trust Inc. lifted its stake in Arcosa by 16.4% in the 4th quarter. Blue Trust Inc. now owns 1,240 shares of the company’s stock valued at $118,000 after purchasing an additional 175 shares during the last quarter. HighTower Advisors LLC grew its holdings in Arcosa by 0.4% during the fourth quarter. HighTower Advisors LLC now owns 72,916 shares of the company’s stock worth $7,054,000 after purchasing an additional 284 shares during the period. Finally, Xponance Inc. increased its position in Arcosa by 10.0% during the fourth quarter. Xponance Inc. now owns 3,505 shares of the company’s stock worth $339,000 after buying an additional 319 shares during the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

Arcosa Stock Performance

Shares of ACA stock opened at $81.55 on Thursday. Arcosa, Inc. has a 52 week low of $72.75 and a 52 week high of $113.43. The company has a market capitalization of $3.98 billion, a price-to-earnings ratio of 31.01 and a beta of 0.81. The company has a 50-day simple moving average of $90.13 and a 200 day simple moving average of $95.96. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.77 and a current ratio of 3.61.

Arcosa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be issued a dividend of $0.05 per share. 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 presently 10.47%.

Analyst Upgrades and Downgrades

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 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.