Sheets Smith Investment Management Invests $1.26 Million in Arcosa, Inc. (NYSE:ACA)

Sheets Smith Investment Management purchased a new position in shares of Arcosa, Inc. (NYSE:ACA) in the fourth quarter, HoldingsChannel reports. The fund purchased 12,990 shares of the company’s stock, valued at approximately $1,257,000.

A number of other hedge funds and other institutional investors have also modified their holdings of ACA. Proficio Capital Partners LLC purchased a new stake in Arcosa in the fourth quarter valued at approximately $30,000. GAMMA Investing LLC grew its holdings in Arcosa by 80.9% in the fourth quarter. GAMMA Investing LLC now owns 331 shares of the company’s stock valued at $32,000 after purchasing an additional 148 shares during the period. Point72 DIFC Ltd purchased a new stake in Arcosa in the third quarter valued at approximately $37,000. Flagship Wealth Advisors LLC purchased a new stake in Arcosa in the fourth quarter valued at approximately $52,000. Finally, AlphaQuest LLC grew its holdings in Arcosa by 12,050.0% in the fourth quarter. AlphaQuest LLC now owns 729 shares of the company’s stock valued at $71,000 after purchasing an additional 723 shares during the period. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Oppenheimer boosted 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.

Arcosa Price Performance

Arcosa stock opened at $79.49 on Monday. The company has a market cap of $3.88 billion, a price-to-earnings ratio of 30.22 and a beta of 0.81. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.77 and a current ratio of 3.61. Arcosa, Inc. has a 1 year low of $72.75 and a 1 year high of $113.43. The firm has a 50 day moving average price of $92.87 and a 200 day moving average price of $96.29.

Arcosa Dividend Announcement

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. The ex-dividend date is Tuesday, April 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.25%. Arcosa’s dividend payout ratio (DPR) is 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.