State of Alaska Department of Revenue Sells 165 Shares of Arcosa, Inc. (NYSE:ACA)

State of Alaska Department of Revenue cut its stake in Arcosa, Inc. (NYSE:ACA) by 0.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,674 shares of the company’s stock after selling 165 shares during the period. State of Alaska Department of Revenue owned about 0.06% of Arcosa worth $2,677,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC lifted its position 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 last quarter. Point72 DIFC Ltd bought a new position in Arcosa during the 3rd quarter valued at approximately $37,000. Blue Trust Inc. raised its holdings in Arcosa by 16.4% in the fourth quarter. Blue Trust Inc. now owns 1,240 shares of the company’s stock worth $118,000 after buying an additional 175 shares during the last quarter. KBC Group NV lifted its holdings in shares of Arcosa by 20.5% during the third quarter. KBC Group NV now owns 1,424 shares of the company’s stock valued at $135,000 after purchasing an additional 242 shares in the last quarter. Finally, First Trust Direct Indexing L.P. bought a new stake in Arcosa in the 3rd quarter worth approximately $206,000. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Analyst Upgrades and Downgrades

ACA has been the topic of several recent analyst reports. Oppenheimer raised their price objective 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. Barclays started coverage on shares of Arcosa in a report on Tuesday, October 29th. They issued an “overweight” rating and a $106.00 target price on the stock.

Arcosa Stock Performance

Shares of ACA opened at $101.71 on Monday. Arcosa, Inc. has a 12 month low of $72.75 and a 12 month high of $113.43. The firm has a market cap of $4.96 billion, a PE ratio of 38.67 and a beta of 0.76. 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 stock has a fifty day moving average price of $100.82 and a 200-day moving average price of $95.89.

Arcosa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.20%. Arcosa’s dividend payout ratio (DPR) is presently 7.60%.

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.