Arcosa, Inc. (NYSE:ACA) is Royce & Associates LP’s Largest Position

Royce & Associates LP lessened its position in Arcosa, Inc. (NYSE:ACA) by 9.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,239,249 shares of the company’s stock after selling 128,525 shares during the quarter. Arcosa accounts for 1.1% of Royce & Associates LP’s portfolio, making the stock its largest position. Royce & Associates LP’s holdings in Arcosa were worth $119,885,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its position in Arcosa by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 658,875 shares of the company’s stock worth $63,740,000 after purchasing an additional 14,708 shares during the period. TCW Group Inc. raised its holdings in shares of Arcosa by 11.0% in the fourth quarter. TCW Group Inc. now owns 45,673 shares of the company’s stock worth $4,418,000 after buying an additional 4,539 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Arcosa by 1.1% during the 4th quarter. Bank of New York Mellon Corp now owns 414,222 shares of the company’s stock worth $40,072,000 after acquiring an additional 4,599 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Arcosa by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 236,543 shares of the company’s stock valued at $22,883,000 after acquiring an additional 6,577 shares during the period. Finally, Barclays PLC grew its position in Arcosa by 330.9% in the 3rd quarter. Barclays PLC now owns 81,782 shares of the company’s stock valued at $7,750,000 after acquiring an additional 62,804 shares during the last quarter. 90.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Arcosa Stock Up 2.6 %

Shares of NYSE ACA opened at $80.84 on Friday. 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 price-to-earnings ratio of 30.74 and a beta of 0.81. The stock has a 50 day moving average price of $94.30 and a 200 day moving average price of $96.53. 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 Dividend Announcement

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

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.