Arcosa, Inc. (NYSE:ACA) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its stake in Arcosa, Inc. (NYSE:ACA) by 2.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 658,875 shares of the company’s stock after buying an additional 14,708 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.35% of Arcosa worth $63,740,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Jacobs Levy Equity Management Inc. purchased a new position in shares of Arcosa in the 3rd quarter valued at about $8,327,000. HighTower Advisors LLC increased its stake in Arcosa by 969.5% during the 3rd quarter. HighTower Advisors LLC now owns 72,632 shares of the company’s stock worth $6,812,000 after buying an additional 65,841 shares in the last quarter. Point72 Asset Management L.P. increased its stake in Arcosa by 236.8% during the 3rd quarter. Point72 Asset Management L.P. now owns 92,512 shares of the company’s stock worth $8,766,000 after buying an additional 65,041 shares in the last quarter. Barclays PLC increased its stake in Arcosa by 330.9% during the 3rd quarter. Barclays PLC now owns 81,782 shares of the company’s stock worth $7,750,000 after buying an additional 62,804 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in 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 buying an additional 47,474 shares in the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

Arcosa Price Performance

ACA stock opened at $80.16 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.61 and a quick ratio of 2.77. The business has a 50 day simple moving average of $95.34 and a 200-day simple moving average of $96.82. The firm has a market capitalization of $3.91 billion, a PE ratio of 30.48 and a beta of 0.81. Arcosa, Inc. has a 1 year low of $72.75 and a 1 year high of $113.43.

Arcosa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be given 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 dividend yield of 0.25%. Arcosa’s dividend payout ratio (DPR) is presently 10.47%.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer boosted their price objective on Arcosa from $105.00 to $110.00 and gave the stock an “outperform” rating in a research note 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.