Oppenheimer & Co. Inc. Grows Holdings in Arcosa, Inc. (NYSE:ACA)

Oppenheimer & Co. Inc. increased its position in shares of Arcosa, Inc. (NYSE:ACA) by 3.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 17,717 shares of the company’s stock after purchasing an additional 546 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Arcosa were worth $1,714,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State Street Corp boosted its holdings in Arcosa by 1.1% during the third quarter. State Street Corp now owns 1,981,385 shares of the company’s stock worth $187,756,000 after purchasing an additional 22,258 shares during the last quarter. Geode Capital Management LLC raised its stake 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 worth $107,047,000 after purchasing an additional 16,032 shares during the period. Franklin Resources Inc. raised its stake in shares of Arcosa by 6.5% during the 3rd quarter. Franklin Resources Inc. now owns 778,246 shares of the company’s stock worth $74,214,000 after purchasing an additional 47,474 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Arcosa by 1.1% in the 4th quarter. Bank of New York Mellon Corp now owns 414,222 shares of the company’s stock worth $40,072,000 after buying an additional 4,599 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position 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 buying an additional 6,577 shares during the period. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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 research note on Tuesday, January 14th.

Arcosa Price Performance

Arcosa stock opened at $81.38 on Tuesday. Arcosa, Inc. has a 12 month low of $72.75 and a 12 month high of $113.43. The company has a current ratio of 3.61, a quick ratio of 2.77 and a debt-to-equity ratio of 0.51. The business’s 50 day simple moving average is $97.87 and its 200 day simple moving average is $97.12. The company has a market cap of $3.97 billion, a price-to-earnings ratio of 30.94 and a beta of 0.76.

Arcosa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be paid 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 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.