Arcosa (NYSE:ACA) Reaches New 12-Month High – Here’s Why

Shares of Arcosa, Inc. (NYSE:ACA) reached a new 52-week high during trading on Monday . The company traded as high as $127.00 and last traded at $126.9010, with a volume of 19766 shares trading hands. The stock had previously closed at $124.74.

Analysts Set New Price Targets

ACA has been the subject of several research reports. Barclays lifted their target price on Arcosa from $106.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday, November 3rd. Wall Street Zen cut shares of Arcosa from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Arcosa in a report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Arcosa has an average rating of “Moderate Buy” and an average target price of $117.50.

Arcosa Price Performance

The company has a debt-to-equity ratio of 0.61, a current ratio of 2.02 and a quick ratio of 1.30. The company has a market capitalization of $6.20 billion, a price-to-earnings ratio of 41.87, a price-to-earnings-growth ratio of 1.67 and a beta of 1.00. The business has a fifty day moving average price of $111.57 and a 200 day moving average price of $101.14.

Arcosa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Thursday, January 15th were issued a $0.05 dividend. The ex-dividend date of this dividend was Thursday, January 15th. This represents a $0.20 annualized dividend and a yield of 0.2%. Arcosa’s dividend payout ratio is 6.62%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Neuberger Berman Group LLC increased its position in shares of Arcosa by 1.6% in the 2nd quarter. Neuberger Berman Group LLC now owns 3,172,694 shares of the company’s stock valued at $275,153,000 after buying an additional 50,624 shares in the last quarter. Capital International Investors grew its stake in Arcosa by 28.3% in the 3rd quarter. Capital International Investors now owns 2,228,275 shares of the company’s stock valued at $208,812,000 after buying an additional 491,165 shares during the last quarter. Royce & Associates LP lifted its position in shares of Arcosa by 0.4% during the 3rd quarter. Royce & Associates LP now owns 1,267,091 shares of the company’s stock valued at $118,739,000 after acquiring an additional 4,652 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Arcosa by 25.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 763,557 shares of the company’s stock worth $66,208,000 after buying an additional 154,172 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in Arcosa by 0.4% during the 2nd quarter. Franklin Resources Inc. now owns 760,868 shares of the company’s stock worth $65,975,000 after acquiring an additional 3,308 shares during the last quarter. 90.66% of the stock is currently owned by institutional investors.

Arcosa Company Profile

Arcosa, Inc (NYSE: ACA) is a Dallas‐based industrial company that was formed through the spin‐off of Trinity Industries’ construction products business in 2018. Since its inception, Arcosa has focused on the manufacture and sale of critical infrastructure components, serving a diverse set of end markets including transportation, construction and energy.

The company’s Construction Products segment produces a broad range of highway safety products, such as guardrail systems, sign supports and crash cushions, as well as aggregates and ready‐mix concrete.