Norges Bank Invests $73.18 Million in Arcosa, Inc. (NYSE:ACA)

Norges Bank purchased a new stake in Arcosa, Inc. (NYSE:ACA) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 756,443 shares of the company’s stock, valued at approximately $73,178,000.

Other hedge funds have also bought and sold shares of the company. Proficio Capital Partners LLC acquired a new position in shares of Arcosa during the 4th quarter worth approximately $30,000. GAMMA Investing LLC boosted its stake in shares of Arcosa by 80.9% in the fourth quarter. GAMMA Investing LLC now owns 331 shares of the company’s stock valued at $32,000 after buying an additional 148 shares during the period. Point72 DIFC Ltd acquired a new stake in Arcosa during the third quarter worth approximately $37,000. Flagship Wealth Advisors LLC bought a new position in Arcosa during the 4th quarter worth $52,000. Finally, AlphaQuest LLC raised its holdings in Arcosa by 12,050.0% in the 4th quarter. AlphaQuest LLC now owns 729 shares of the company’s stock valued at $71,000 after acquiring an additional 723 shares in the last quarter. 90.66% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Oppenheimer increased their target price 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 NYSE:ACA opened at $81.55 on Thursday. Arcosa, Inc. has a 1 year low of $72.75 and a 1 year high of $113.43. The stock has a market capitalization of $3.98 billion, a price-to-earnings ratio of 31.01 and a beta of 0.81. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.61 and a quick ratio of 2.77. The company’s 50 day simple moving average is $90.13 and its 200 day simple moving average is $95.96.

Arcosa Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be paid a $0.05 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.25%. Arcosa’s 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.