Prudent Man Advisors LLC Cuts Stock Holdings in Arcosa, Inc. (NYSE:ACA)

Prudent Man Advisors LLC decreased its holdings in shares of Arcosa, Inc. (NYSE:ACA) by 9.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,217 shares of the company’s stock after selling 223 shares during the quarter. Prudent Man Advisors LLC’s holdings in Arcosa were worth $214,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. State Street Corp grew its holdings in shares of Arcosa by 1.1% during the third quarter. State Street Corp now owns 1,981,385 shares of the company’s stock worth $187,756,000 after purchasing an additional 22,258 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Arcosa by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,129,456 shares of the company’s stock worth $107,047,000 after purchasing an additional 16,032 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Arcosa by 6.5% during the third quarter. Franklin Resources Inc. now owns 778,246 shares of the company’s stock worth $74,214,000 after purchasing an additional 47,474 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Arcosa by 1.1% during the fourth quarter. Bank of New York Mellon Corp now owns 414,222 shares of the company’s stock worth $40,072,000 after purchasing an additional 4,599 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Arcosa by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 236,543 shares of the company’s stock worth $22,883,000 after purchasing an additional 6,577 shares in the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Wall Street Analyst Weigh In

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

Arcosa Stock Down 8.5 %

Shares of ACA opened at $83.81 on Friday. The firm has a market cap of $4.09 billion, a P/E ratio of 31.87 and a beta of 0.76. The stock has a 50 day simple moving average of $97.87 and a two-hundred day simple moving average of $97.03. 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 1 year low of $72.75 and a 1 year high of $113.43.

Arcosa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.24%. The ex-dividend date is Tuesday, April 15th. Arcosa’s dividend payout ratio is currently 10.47%.

Arcosa 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.