Lord Abbett & CO. LLC Buys Shares of 50,247 Arcosa, Inc. (NYSE:ACA)

Lord Abbett & CO. LLC bought a new stake in Arcosa, Inc. (NYSE:ACA) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 50,247 shares of the company’s stock, valued at approximately $4,861,000. Lord Abbett & CO. LLC owned 0.10% of Arcosa as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Arcosa by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 5,666,144 shares of the company’s stock valued at $548,143,000 after purchasing an additional 14,207 shares during the last quarter. Neuberger Berman Group LLC grew its holdings in shares of Arcosa by 21.6% during the 4th quarter. Neuberger Berman Group LLC now owns 3,016,597 shares of the company’s stock valued at $291,831,000 after purchasing an additional 536,349 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of Arcosa by 3.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,702,718 shares of the company’s stock valued at $164,721,000 after purchasing an additional 60,818 shares during the last quarter. Capital International Investors grew its holdings in shares of Arcosa by 42.5% during the 4th quarter. Capital International Investors now owns 888,559 shares of the company’s stock valued at $85,959,000 after purchasing an additional 265,056 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of Arcosa by 6.5% during the 3rd quarter. Franklin Resources Inc. now owns 778,246 shares of the company’s stock valued at $74,214,000 after purchasing an additional 47,474 shares during the last quarter. 90.66% of the stock is owned by institutional investors.

Arcosa Stock Down 0.5 %

NYSE:ACA opened at $80.13 on Monday. The firm’s 50 day simple moving average is $80.84 and its 200 day simple moving average is $93.72. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.61 and a quick ratio of 2.77. Arcosa, Inc. has a one year low of $68.11 and a one year high of $113.43. The company has a market cap of $3.91 billion, a PE ratio of 30.47 and a beta of 0.85.

Arcosa Dividend Announcement

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

Wall Street Analyst Weigh In

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

Arcosa Company Profile

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.