Victory Capital Management Inc. Acquires 60,460 Shares of Arcosa, Inc. (NYSE:ACA)

Victory Capital Management Inc. grew its holdings in Arcosa, Inc. (NYSE:ACA) by 385.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 76,145 shares of the company’s stock after acquiring an additional 60,460 shares during the quarter. Victory Capital Management Inc. owned 0.16% of Arcosa worth $7,366,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of ACA. KBC Group NV raised its stake in shares of Arcosa by 20.5% in 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. Natixis Advisors LLC raised its stake in shares of Arcosa by 8.2% in the third quarter. Natixis Advisors LLC now owns 39,692 shares of the company’s stock valued at $3,761,000 after purchasing an additional 3,013 shares in the last quarter. Sawgrass Asset Management LLC acquired a new position in shares of Arcosa in the third quarter valued at $215,000. Thrivent Financial for Lutherans raised its stake in shares of Arcosa by 10.7% in the third quarter. Thrivent Financial for Lutherans now owns 72,387 shares of the company’s stock valued at $6,859,000 after purchasing an additional 6,992 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its stake in shares of Arcosa by 5.3% in the third quarter. Advisors Asset Management Inc. now owns 38,445 shares of the company’s stock valued at $3,643,000 after purchasing an additional 1,944 shares in the last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Arcosa Stock Performance

Arcosa stock opened at $80.84 on Friday. 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 stock has a fifty day moving average price of $94.65 and a two-hundred day moving average price of $96.58. Arcosa, Inc. has a 52-week low of $72.75 and a 52-week high of $113.43. The firm has a market capitalization of $3.94 billion, a P/E ratio of 30.74 and a beta of 0.81.

Arcosa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be paid a dividend of $0.05 per share. The ex-dividend date is Tuesday, April 15th. This represents a $0.20 annualized dividend and a yield of 0.25%. Arcosa’s dividend payout ratio is currently 10.47%.

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.