Principal Financial Group Inc. Raises Position in Arcosa, Inc. (NYSE:ACA)

Principal Financial Group Inc. grew its holdings in shares of Arcosa, Inc. (NYSE:ACA) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 236,543 shares of the company’s stock after purchasing an additional 6,577 shares during the period. Principal Financial Group Inc. owned approximately 0.48% of Arcosa worth $22,883,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in ACA. Creative Planning grew its position in Arcosa by 38.5% during the 3rd quarter. Creative Planning now owns 13,218 shares of the company’s stock worth $1,253,000 after purchasing an additional 3,672 shares during the period. First Trust Direct Indexing L.P. acquired a new stake in Arcosa during the 3rd quarter worth about $206,000. Harbor Capital Advisors Inc. grew its position in Arcosa by 152.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 195,358 shares of the company’s stock worth $18,512,000 after purchasing an additional 117,892 shares during the period. QRG Capital Management Inc. grew its position in shares of Arcosa by 15.5% during the 3rd quarter. QRG Capital Management Inc. now owns 3,018 shares of the company’s stock valued at $286,000 after acquiring an additional 406 shares during the period. Finally, River Global Investors LLP grew its position in shares of Arcosa by 11.4% during the 3rd quarter. River Global Investors LLP now owns 80,228 shares of the company’s stock valued at $7,596,000 after acquiring an additional 8,222 shares during the period. 90.66% of the stock is owned by institutional investors and hedge funds.

Arcosa Stock Performance

NYSE:ACA opened at $92.79 on Monday. The company has a fifty day simple moving average of $99.07 and a two-hundred day simple moving average of $96.83. The company has a market cap of $4.53 billion, a price-to-earnings ratio of 35.28 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, Inc. has a 52 week low of $72.75 and a 52 week high of $113.43.

Arcosa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were paid a dividend of $0.05 per share. The ex-dividend date was Wednesday, January 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.22%. Arcosa’s payout ratio is currently 7.60%.

Analysts Set New Price Targets

ACA has been the topic of a number of analyst reports. Barclays initiated coverage on Arcosa in a research report on Tuesday, October 29th. They set an “overweight” rating and a $106.00 target price on the stock. Oppenheimer raised 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.

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.