Scalar Gauge Management LLC Takes Position in Arcosa, Inc. (NYSE:ACA)

Scalar Gauge Management LLC bought a new position in shares of Arcosa, Inc. (NYSE:ACA) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 8,000 shares of the company’s stock, valued at approximately $774,000. Arcosa accounts for about 0.4% of Scalar Gauge Management LLC’s holdings, making the stock its 25th largest position.

A number of other hedge funds also recently added to or reduced their stakes in ACA. GAMMA Investing LLC increased its position in shares of 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 during the period. Point72 DIFC Ltd purchased a new stake in Arcosa during the 3rd quarter worth about $37,000. Flagship Wealth Advisors LLC acquired a new stake in Arcosa in the 4th quarter valued at about $52,000. AlphaQuest LLC raised its position in Arcosa by 12,050.0% in the 4th quarter. AlphaQuest LLC now owns 729 shares of the company’s stock valued at $71,000 after purchasing an additional 723 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV boosted its stake in shares of Arcosa by 1,044.6% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 950 shares of the company’s stock valued at $92,000 after buying an additional 867 shares during the period. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Arcosa Stock Performance

NYSE:ACA opened at $80.01 on Monday. Arcosa, Inc. has a 12 month low of $72.75 and a 12 month high of $113.43. 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 firm has a market capitalization of $3.90 billion, a PE ratio of 30.42 and a beta of 0.81. The business’s fifty day moving average price is $91.36 and its 200 day moving average price is $96.23.

Arcosa Announces Dividend

The firm 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 $0.05 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.25%. Arcosa’s payout ratio is currently 10.47%.

Analysts Set New Price Targets

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

About Arcosa

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.