Capital Advisory Group Advisory Services LLC Makes New Investment in Arcosa, Inc. (NYSE:ACA)

Capital Advisory Group Advisory Services LLC purchased a new stake in Arcosa, Inc. (NYSE:ACA) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,451 shares of the company’s stock, valued at approximately $237,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Peregrine Asset Advisers Inc. purchased a new stake in shares of Arcosa during the 3rd quarter worth $590,000. Barclays PLC lifted its stake in shares of Arcosa by 330.9% in the third quarter. Barclays PLC now owns 81,782 shares of the company’s stock valued at $7,750,000 after purchasing an additional 62,804 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in Arcosa by 152.2% during the third quarter. Harbor Capital Advisors Inc. now owns 195,358 shares of the company’s stock worth $18,512,000 after buying an additional 117,892 shares in the last quarter. HighTower Advisors LLC grew its position in Arcosa by 969.5% during the third quarter. HighTower Advisors LLC now owns 72,632 shares of the company’s stock worth $6,812,000 after buying an additional 65,841 shares during the period. Finally, Jane Street Group LLC increased its holdings in Arcosa by 33.3% in the third quarter. Jane Street Group LLC now owns 91,952 shares of the company’s stock valued at $8,713,000 after buying an additional 22,989 shares in the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on ACA shares. Oppenheimer boosted their price target on Arcosa from $105.00 to $110.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 14th. Barclays started coverage on Arcosa in a research report on Tuesday, October 29th. They set an “overweight” rating and a $106.00 target price on the stock.

Arcosa Stock Down 1.9 %

ACA stock opened at $96.73 on Friday. 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 simple moving average is $99.39 and its 200-day simple moving average is $96.46. Arcosa, Inc. has a 12 month low of $72.75 and a 12 month high of $113.43. The firm has a market capitalization of $4.72 billion, a PE ratio of 36.78 and a beta of 0.76.

Arcosa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.21%. The ex-dividend date of this dividend was Wednesday, January 15th. Arcosa’s dividend payout ratio (DPR) is presently 7.60%.

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.