Kennondale Capital Management LLC Takes Position in Arcosa, Inc. (NYSE:ACA)

Kennondale Capital Management LLC purchased a new stake in Arcosa, Inc. (NYSE:ACA) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,103 shares of the company’s stock, valued at approximately $784,000.

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

Arcosa Stock Performance

NYSE:ACA opened at $81.28 on Tuesday. The company has a quick ratio of 2.77, a current ratio of 3.61 and a debt-to-equity ratio of 0.51. The company has a market cap of $3.96 billion, a P/E ratio of 30.91 and a beta of 0.81. Arcosa, Inc. has a fifty-two week low of $72.75 and a fifty-two week high of $113.43. The firm’s 50 day moving average is $93.97 and its two-hundred day moving average is $96.51.

Arcosa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be paid 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 is Tuesday, April 15th. Arcosa’s dividend payout ratio is currently 10.47%.

Analysts Set New Price Targets

Separately, Oppenheimer raised their target price 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.

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.