C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Takes Position in Arcosa, Inc. (NYSE:ACA)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in Arcosa, Inc. (NYSE:ACA) in the fourth quarter, Holdings Channel.com reports. The firm bought 11,698 shares of the company’s stock, valued at approximately $1,132,000.

Other hedge funds have also modified their holdings of the company. Venturi Wealth Management LLC acquired a new stake in Arcosa during the fourth quarter worth about $161,000. Principal Financial Group Inc. increased its position in Arcosa by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 236,543 shares of the company’s stock worth $22,883,000 after purchasing an additional 6,577 shares during the last quarter. KBC Group NV increased its position in Arcosa by 52.2% during the fourth quarter. KBC Group NV now owns 2,168 shares of the company’s stock worth $210,000 after purchasing an additional 744 shares during the last quarter. Blue Trust Inc. increased its position in Arcosa by 16.4% during the fourth quarter. Blue Trust Inc. now owns 1,240 shares of the company’s stock worth $118,000 after purchasing an additional 175 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its position in Arcosa by 8.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 6,092 shares of the company’s stock worth $589,000 after purchasing an additional 463 shares during the last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Oppenheimer raised their price objective on shares of Arcosa from $105.00 to $110.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 14th. Barclays assumed coverage on shares of Arcosa in a research report on Tuesday, October 29th. They set an “overweight” rating and a $106.00 price objective for the company.

Arcosa Price Performance

Shares of ACA opened at $100.31 on Wednesday. Arcosa, Inc. has a 1-year low of $72.75 and a 1-year high of $113.43. The stock has a market cap of $4.89 billion, a PE ratio of 38.14 and a beta of 0.76. The firm has a 50-day simple moving average of $99.94 and a two-hundred day simple moving average of $96.29. 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 Dividend Announcement

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