Raymond James Financial Inc. Invests $15.92 Million in Arcosa, Inc. (NYSE:ACA)

Raymond James Financial Inc. purchased a new position in shares of Arcosa, Inc. (NYSE:ACA) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 164,555 shares of the company’s stock, valued at approximately $15,919,000. Raymond James Financial Inc. owned 0.34% of Arcosa as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC grew its stake in shares of Arcosa by 80.9% during 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 period. Point72 DIFC Ltd purchased a new stake in Arcosa during the 3rd quarter worth about $37,000. Blue Trust Inc. lifted its holdings in Arcosa by 16.4% during the 4th 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. KBC Group NV lifted its holdings in Arcosa by 20.5% during the 3rd quarter. KBC Group NV now owns 1,424 shares of the company’s stock worth $135,000 after purchasing an additional 242 shares in the last quarter. Finally, Venturi Wealth Management LLC purchased a new stake in Arcosa during the 4th quarter worth about $161,000. Institutional investors own 90.66% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Oppenheimer increased their price objective on Arcosa from $105.00 to $110.00 and gave the stock an “outperform” rating in a report on Tuesday, January 14th.

Arcosa Stock Performance

Shares of ACA opened at $80.27 on Wednesday. The stock’s 50-day simple moving average is $93.68 and its 200 day simple moving average is $96.43. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.77 and a current ratio of 3.61. Arcosa, Inc. has a 52-week low of $72.75 and a 52-week high of $113.43. The stock has a market capitalization of $3.92 billion, a price-to-earnings ratio of 30.52 and a beta of 0.81.

Arcosa Announces Dividend

The firm also recently disclosed 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 is currently 10.47%.

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.