Hillsdale Investment Management Inc. Acquires 390 Shares of Arcosa, Inc. (NYSE:ACA)

Hillsdale Investment Management Inc. increased its holdings in shares of Arcosa, Inc. (NYSE:ACA) by 1.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 37,360 shares of the company’s stock after acquiring an additional 390 shares during the quarter. Hillsdale Investment Management Inc. owned approximately 0.08% of Arcosa worth $3,614,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. GAMMA Investing LLC raised its stake 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 purchasing an additional 148 shares during the period. Point72 DIFC Ltd purchased a new stake in Arcosa during the third quarter worth about $37,000. Flagship Wealth Advisors LLC purchased a new stake in Arcosa during the fourth quarter worth about $52,000. AlphaQuest LLC boosted its stake in Arcosa by 12,050.0% in the fourth quarter. AlphaQuest LLC now owns 729 shares of the company’s stock valued at $71,000 after acquiring an additional 723 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV grew its position in shares of Arcosa by 1,044.6% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 950 shares of the company’s stock valued at $92,000 after acquiring an additional 867 shares during the period. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Analysts Set New Price Targets

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

Arcosa Trading Down 1.1 %

Shares of ACA opened at $79.49 on Friday. Arcosa, Inc. has a fifty-two week low of $72.75 and a fifty-two week high of $113.43. The business has a 50-day moving average of $92.87 and a 200 day moving average of $96.20. The firm has a market cap of $3.88 billion, a P/E ratio of 30.22 and a beta of 0.81. 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 Announces Dividend

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 given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.25%. The ex-dividend date is Tuesday, April 15th. Arcosa’s dividend payout ratio (DPR) is currently 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.