Blue Trust Inc. Has $72,000 Stock Position in Arcosa, Inc. (NYSE:ACA)

Blue Trust Inc. lessened its stake in Arcosa, Inc. (NYSE:ACA) by 30.3% in the 4th quarter, HoldingsChannel reports. The fund owned 742 shares of the company’s stock after selling 323 shares during the quarter. Blue Trust Inc.’s holdings in Arcosa were worth $72,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ACA. GAMMA Investing LLC grew its position 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 buying an additional 148 shares during the period. Point72 DIFC Ltd bought a new position in Arcosa during the 3rd quarter worth approximately $37,000. KBC Group NV lifted its stake in 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 buying an additional 242 shares in the last quarter. First Trust Direct Indexing L.P. bought a new position in Arcosa in the third quarter valued at approximately $206,000. Finally, Sawgrass Asset Management LLC bought a new position in Arcosa in the third quarter valued at approximately $215,000. Institutional investors and hedge funds own 90.66% of the company’s stock.

Arcosa Trading Down 4.0 %

Shares of Arcosa stock opened at $92.79 on Monday. Arcosa, Inc. has a 52-week low of $72.75 and a 52-week high of $113.43. The firm has a 50-day moving average of $99.07 and a 200-day moving average of $96.83. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.77 and a current ratio of 3.61. The stock has a market cap of $4.53 billion, a PE ratio of 35.28 and a beta of 0.76.

Arcosa Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ACA shares. Oppenheimer boosted their price objective on shares of Arcosa from $105.00 to $110.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 14th. Barclays initiated coverage on shares of Arcosa in a report on Tuesday, October 29th. They issued an “overweight” rating and a $106.00 price objective on the stock.

About Arcosa

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.