Murphy & Mullick Capital Management Corp Makes New Investment in Arcosa, Inc. (NYSE:ACA)

Murphy & Mullick Capital Management Corp acquired a new stake in shares of Arcosa, Inc. (NYSE:ACA) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 2,065 shares of the company’s stock, valued at approximately $200,000.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in Arcosa by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 5,666,144 shares of the company’s stock valued at $548,143,000 after purchasing an additional 14,207 shares in the last quarter. State Street Corp increased its position in shares of Arcosa by 1.1% during the 3rd quarter. State Street Corp now owns 1,981,385 shares of the company’s stock valued at $187,756,000 after purchasing an additional 22,258 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Arcosa by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,129,456 shares of the company’s stock valued at $107,047,000 after buying an additional 16,032 shares in the last quarter. Franklin Resources Inc. lifted its position in Arcosa by 6.5% in the 3rd quarter. Franklin Resources Inc. now owns 778,246 shares of the company’s stock worth $74,214,000 after buying an additional 47,474 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Arcosa by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 658,875 shares of the company’s stock worth $63,740,000 after buying an additional 14,708 shares in the last quarter. 90.66% of the stock is owned by institutional investors.

Arcosa Stock Down 1.5 %

ACA opened at $81.15 on Thursday. The company has a market cap of $3.96 billion, a P/E ratio of 30.86 and a beta of 0.81. Arcosa, Inc. has a 12 month low of $72.75 and a 12 month high of $113.43. The business’s 50-day moving average price is $92.02 and its 200-day moving average price is $96.18. The company has a current ratio of 3.61, a quick ratio of 2.77 and a debt-to-equity ratio of 0.51.

Arcosa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be given a $0.05 dividend. 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 currently 10.47%.

Analyst Ratings Changes

Separately, Oppenheimer lifted their price target on shares of Arcosa from $105.00 to $110.00 and gave the stock an “outperform” rating in a research note 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.