State of New Jersey Common Pension Fund D Sells 1,407 Shares of Arcosa, Inc. (NYSE:ACA)

State of New Jersey Common Pension Fund D cut its holdings in Arcosa, Inc. (NYSE:ACA) by 6.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 20,002 shares of the company’s stock after selling 1,407 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Arcosa were worth $1,935,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in Arcosa in the 4th quarter valued at approximately $1,132,000. KBC Group NV raised its holdings in shares of Arcosa by 52.2% in the fourth quarter. KBC Group NV now owns 2,168 shares of the company’s stock valued at $210,000 after purchasing an additional 744 shares during the last quarter. Blue Trust Inc. lifted its position in shares of 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 purchasing an additional 175 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in Arcosa by 8.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 6,092 shares of the company’s stock worth $589,000 after purchasing an additional 463 shares during the last quarter. Finally, Sheets Smith Wealth Management bought a new position in Arcosa in the fourth quarter valued at $536,000. 90.66% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ACA has been the topic of a number of recent research reports. Oppenheimer lifted their target price on Arcosa from $105.00 to $110.00 and gave the company an “outperform” rating in a research report on Tuesday, January 14th. Barclays assumed coverage on Arcosa in a research report on Tuesday, October 29th. They set an “overweight” rating and a $106.00 price target on the stock.

Arcosa Stock Down 0.9 %

Shares of ACA opened at $92.16 on Tuesday. The firm has a 50 day simple moving average of $98.75 and a two-hundred day simple moving average of $96.90. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.61 and a quick ratio of 2.77. Arcosa, Inc. has a one year low of $72.75 and a one year high of $113.43. The company has a market cap of $4.50 billion, a P/E ratio of 35.04 and a beta of 0.76.

Arcosa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were given a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.22%. Arcosa’s dividend payout ratio is currently 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.