Sage Rhino Capital LLC Makes New $201,000 Investment in Arcosa, Inc. (NYSE:ACA)

Sage Rhino Capital LLC acquired a new stake in Arcosa, Inc. (NYSE:ACA) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,073 shares of the company’s stock, valued at approximately $201,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Peregrine Asset Advisers Inc. bought a new stake in shares of Arcosa during the 3rd quarter worth about $590,000. TCW Group Inc. boosted its holdings in shares of Arcosa by 11.0% during the fourth quarter. TCW Group Inc. now owns 45,673 shares of the company’s stock worth $4,418,000 after acquiring an additional 4,539 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Arcosa by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 236,543 shares of the company’s stock worth $22,883,000 after acquiring an additional 6,577 shares during the period. Barclays PLC grew its position in shares of Arcosa by 330.9% in the third quarter. Barclays PLC now owns 81,782 shares of the company’s stock valued at $7,750,000 after purchasing an additional 62,804 shares during the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of Arcosa during the fourth quarter worth approximately $1,132,000. 90.66% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer boosted their price target 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

Shares of NYSE:ACA opened at $81.38 on Tuesday. Arcosa, Inc. has a 12-month low of $72.75 and a 12-month high of $113.43. The company’s 50 day moving average price is $97.87 and its two-hundred day moving average price is $97.12. The firm has a market cap of $3.97 billion, a PE ratio of 30.94 and a beta of 0.76. The company has a quick ratio of 2.77, a current ratio of 3.61 and a debt-to-equity ratio of 0.51.

Arcosa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date of this dividend is Tuesday, April 15th. 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.