Thrivent Financial for Lutherans Has $6 Million Holdings in Arcosa, Inc. (NYSE:ACA)

Thrivent Financial for Lutherans decreased its holdings in shares of Arcosa, Inc. (NYSE:ACA) by 14.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 61,979 shares of the company’s stock after selling 10,408 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.13% of Arcosa worth $5,996,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. State Street Corp lifted its position in Arcosa by 1.1% during the 3rd quarter. State Street Corp now owns 1,981,385 shares of the company’s stock worth $187,756,000 after buying an additional 22,258 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Arcosa by 1.4% in the third quarter. Geode Capital Management LLC now owns 1,129,456 shares of the company’s stock valued at $107,047,000 after acquiring an additional 16,032 shares during the last quarter. Franklin Resources Inc. raised its holdings in Arcosa by 6.5% during the third quarter. Franklin Resources Inc. now owns 778,246 shares of the company’s stock worth $74,214,000 after acquiring an additional 47,474 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Arcosa by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 658,875 shares of the company’s stock valued at $63,740,000 after purchasing an additional 14,708 shares during the last quarter. Finally, Bank of New York Mellon Corp grew 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 valued at $40,072,000 after purchasing an additional 4,599 shares in the last quarter. Institutional investors own 90.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer upped their price objective on Arcosa from $105.00 to $110.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 14th.

Arcosa Stock Down 1.1 %

Arcosa stock opened at $79.49 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.61 and a quick ratio of 2.77. The company’s 50-day moving average is $92.87 and its 200-day moving average is $96.29. The firm has a market capitalization of $3.88 billion, a PE ratio of 30.22 and a beta of 0.81. Arcosa, Inc. has a fifty-two week low of $72.75 and a fifty-two week high of $113.43.

Arcosa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date of this dividend is Tuesday, April 15th. Arcosa’s dividend payout ratio (DPR) is presently 10.47%.

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.