Prudent Man Advisors LLC Sells 223 Shares of Arcosa, Inc. (NYSE:ACA)

Prudent Man Advisors LLC lowered its stake in Arcosa, Inc. (NYSE:ACA) by 9.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,217 shares of the company’s stock after selling 223 shares during the period. Prudent Man Advisors LLC’s holdings in Arcosa were worth $214,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Peregrine Asset Advisers Inc. bought a new stake in Arcosa in the third quarter valued at approximately $590,000. TCW Group Inc. raised its holdings in shares of 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. Principal Financial Group Inc. raised its holdings in shares of 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. Barclays PLC raised its holdings in shares of Arcosa by 330.9% during the third quarter. Barclays PLC now owns 81,782 shares of the company’s stock valued at $7,750,000 after acquiring an additional 62,804 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of Arcosa by 152.2% during the third quarter. Harbor Capital Advisors Inc. now owns 195,358 shares of the company’s stock valued at $18,512,000 after acquiring an additional 117,892 shares in the last quarter. Institutional investors own 90.66% of the company’s stock.

Arcosa Price Performance

Shares of Arcosa stock opened at $83.81 on Friday. The business has a 50 day moving average of $97.87 and a 200 day moving average of $97.03. The company has a quick ratio of 2.77, a current ratio of 3.61 and a debt-to-equity ratio of 0.51. The company has a market cap of $4.09 billion, a PE ratio of 31.87 and a beta of 0.76. Arcosa, Inc. has a 52 week low of $72.75 and a 52 week high of $113.43.

Arcosa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.24%. Arcosa’s dividend payout ratio (DPR) is 10.47%.

Analysts Set New Price Targets

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

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.