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

Kennondale Capital Management LLC purchased a new stake in Arcosa, Inc. (NYSE:ACAFree Report) 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.

Check Out Our Latest Analysis on Arcosa

About Arcosa

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Arcosa (NYSE:ACA)

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