Voya Investment Management LLC Increases Holdings in Arcosa, Inc. (NYSE:ACA)

Voya Investment Management LLC boosted its stake in shares of Arcosa, Inc. (NYSE:ACA) by 930.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 177,993 shares of the company’s stock after acquiring an additional 160,724 shares during the quarter. Voya Investment Management LLC owned 0.36% of Arcosa worth $17,219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in ACA. Vanguard Group Inc. increased its position in shares of Arcosa by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 5,666,144 shares of the company’s stock valued at $548,143,000 after acquiring an additional 14,207 shares during the period. Neuberger Berman Group LLC boosted its holdings in Arcosa by 21.6% in the fourth quarter. Neuberger Berman Group LLC now owns 3,016,597 shares of the company’s stock valued at $291,831,000 after acquiring an additional 536,349 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its position in shares of Arcosa by 3.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,702,718 shares of the company’s stock valued at $164,721,000 after buying an additional 60,818 shares during the period. Capital International Investors lifted its holdings in Arcosa by 42.5% in the fourth quarter. Capital International Investors now owns 888,559 shares of the company’s stock worth $85,959,000 after buying an additional 265,056 shares during the period. Finally, Franklin Resources Inc. boosted its position in shares of Arcosa by 6.5% during the third 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 in the last quarter. 90.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Oppenheimer upped 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.

Arcosa Stock Performance

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

Arcosa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be given a $0.05 dividend. 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 (DPR) is 10.47%.

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.