Flagship Wealth Advisors LLC Acquires New Holdings in Arcosa, Inc. (NYSE:ACA)

Flagship Wealth Advisors LLC acquired a new stake in shares of Arcosa, Inc. (NYSE:ACA) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 536 shares of the company’s stock, valued at approximately $52,000.

Other hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its stake 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 acquiring an additional 14,708 shares in the last quarter. TCW Group Inc. grew its stake in Arcosa by 11.0% during the fourth quarter. TCW Group Inc. now owns 45,673 shares of the company’s stock valued at $4,418,000 after acquiring an additional 4,539 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Arcosa by 1.1% during 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 acquiring an additional 4,599 shares in the last quarter. Principal Financial Group Inc. grew its stake in Arcosa by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 236,543 shares of the company’s stock valued at $22,883,000 after acquiring an additional 6,577 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in Arcosa during the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Analysts Set New Price Targets

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

Arcosa Trading Up 0.7 %

Shares of Arcosa stock opened at $81.28 on Tuesday. Arcosa, Inc. has a 1 year low of $72.75 and a 1 year high of $113.43. The firm has a market cap of $3.96 billion, a PE ratio of 30.91 and a beta of 0.81. 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 has a 50 day simple moving average of $93.97 and a two-hundred day simple moving average of $96.51.

Arcosa Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.20 annualized dividend and a yield of 0.25%. Arcosa’s payout ratio is presently 10.47%.

Arcosa 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.