Tower Research Capital LLC TRC Acquires 2,699 Shares of Arcosa, Inc. (NYSE:ACA)

Tower Research Capital LLC TRC lifted its holdings in Arcosa, Inc. (NYSE:ACA) by 102.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 5,326 shares of the company’s stock after acquiring an additional 2,699 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Arcosa were worth $515,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in shares of Arcosa by 80.9% in the 4th quarter. GAMMA Investing LLC now owns 331 shares of the company’s stock worth $32,000 after acquiring an additional 148 shares during the last quarter. Flagship Wealth Advisors LLC bought a new stake in shares of Arcosa in the 4th quarter worth approximately $52,000. AlphaQuest LLC lifted its holdings in shares of Arcosa by 12,050.0% in the 4th quarter. AlphaQuest LLC now owns 729 shares of the company’s stock worth $71,000 after acquiring an additional 723 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its holdings in shares of Arcosa by 1,044.6% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 950 shares of the company’s stock worth $92,000 after acquiring an additional 867 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Arcosa by 16.4% in the 4th quarter. Blue Trust Inc. now owns 1,240 shares of the company’s stock worth $118,000 after acquiring an additional 175 shares during the last quarter. 90.66% of the stock is currently owned by institutional investors.

Arcosa Trading Down 0.2 %

NYSE:ACA opened at $80.06 on Tuesday. The company has a fifty day moving average of $80.47 and a 200 day moving average of $93.62. Arcosa, Inc. has a 52 week low of $68.11 and a 52 week high of $113.43. 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 firm has a market capitalization of $3.91 billion, a P/E ratio of 30.44 and a beta of 0.85.

Arcosa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be issued a dividend of $0.05 per share. 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 0.25%. Arcosa’s dividend payout ratio is currently 10.47%.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer boosted their price objective on shares of Arcosa from $105.00 to $110.00 and gave the stock 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.