11,698 Shares in Arcosa, Inc. (NYSE:ACA) Purchased by C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in Arcosa, Inc. (NYSE:ACA) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 11,698 shares of the company’s stock, valued at approximately $1,132,000.

Other institutional investors also recently added to or reduced their stakes in the company. Creative Planning grew its stake in shares of Arcosa by 38.5% in the third quarter. Creative Planning now owns 13,218 shares of the company’s stock worth $1,253,000 after acquiring an additional 3,672 shares during the last quarter. Stonegate Investment Group LLC grew its position in Arcosa by 3.6% in the 3rd quarter. Stonegate Investment Group LLC now owns 3,095 shares of the company’s stock worth $293,000 after purchasing an additional 108 shares during the last quarter. First Trust Direct Indexing L.P. bought a new position in shares of Arcosa during the 3rd quarter worth about $206,000. Harbor Capital Advisors Inc. raised its position in shares of Arcosa by 152.2% during the third quarter. Harbor Capital Advisors Inc. now owns 195,358 shares of the company’s stock valued at $18,512,000 after buying an additional 117,892 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its stake in shares of Arcosa by 15.5% in the third quarter. QRG Capital Management Inc. now owns 3,018 shares of the company’s stock valued at $286,000 after buying an additional 406 shares during the period. 90.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ACA shares. Oppenheimer boosted their price target on Arcosa from $105.00 to $110.00 and gave the company an “outperform” rating in a research note on Tuesday, January 14th. Barclays initiated coverage on Arcosa in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $106.00 target price for the company.

Arcosa Stock Up 0.5 %

NYSE ACA opened at $100.47 on Friday. Arcosa, Inc. has a 1-year low of $72.75 and a 1-year high of $113.43. The company has a current ratio of 3.61, a quick ratio of 2.77 and a debt-to-equity ratio of 0.51. The stock’s 50 day moving average is $100.25 and its two-hundred day moving average is $96.11. The company has a market capitalization of $4.90 billion, a price-to-earnings ratio of 38.20 and a beta of 0.76.

Arcosa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were paid a dividend of $0.05 per share. The ex-dividend date was Wednesday, January 15th. This represents a $0.20 annualized dividend and a yield of 0.20%. Arcosa’s dividend payout ratio is 7.60%.

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.