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

Shares of Arcosa, Inc. (NYSE:ACA) reached a new 52-week high during trading on Thursday . The stock traded as high as $148.51 and last traded at $145.5860, with a volume of 560 shares traded. The stock had previously closed at $145.14.

Analyst Ratings Changes

Several analysts have recently issued reports on ACA shares. Oppenheimer downgraded Arcosa from an “outperform” rating to a “market perform” rating in a research note on Friday, June 26th. Weiss Ratings upgraded Arcosa from a “hold (c+)” rating to a “buy (b)” rating in a report on Friday, August 21st. Wall Street Zen upgraded shares of Arcosa from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th. Stephens set a $150.00 price objective on Arcosa in a report on Thursday, August 6th. Finally, Citigroup cut shares of Arcosa to a “hold” rating in a research report on Tuesday, June 23rd. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $141.25.

Arcosa Price Performance

The company has a current ratio of 3.12, a quick ratio of 2.31 and a debt-to-equity ratio of 0.48. The company has a fifty day moving average price of $145.20 and a two-hundred day moving average price of $129.58. The firm has a market cap of $7.15 billion, a P/E ratio of 14.58, a PEG ratio of 2.18 and a beta of 1.07.

Arcosa (NYSE:ACA) last posted its earnings results on Wednesday, August 5th. The company reported $1.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.05). The business had revenue of $658.70 million for the quarter, compared to the consensus estimate of $687.50 million. Arcosa had a return on equity of 7.90% and a net margin of 17.90%.Arcosa’s revenue for the quarter was down 10.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.27 earnings per share. Equities analysts anticipate that Arcosa, Inc. will post 4.16 earnings per share for the current year.

Arcosa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Thursday, October 15th. Arcosa’s payout ratio is 2.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ACA. BlackRock Inc. acquired a new stake in Arcosa in the second quarter valued at $1,222,486,000. Capital International Investors boosted its holdings in Arcosa by 0.7% in the 4th quarter. Capital International Investors now owns 2,244,231 shares of the company’s stock valued at $238,607,000 after purchasing an additional 15,956 shares during the period. Capital World Investors boosted its stake in shares of Arcosa by 5.0% in the fourth quarter. Capital World Investors now owns 1,680,000 shares of the company’s stock valued at $178,618,000 after buying an additional 80,000 shares during the period. Pentwater Capital Management LP acquired a new stake in Arcosa during the second quarter worth approximately $95,891,000. Finally, Norges Bank acquired a new position in Arcosa in the 4th quarter valued at $68,225,000. Institutional investors own 90.66% of the company’s stock.

About Arcosa

Arcosa, Inc (NYSE: ACA) is an infrastructure-related products and solutions company headquartered in Dallas, Texas. The company serves customers in the construction, utility, transportation and industrial markets, with operations primarily in the United States and a presence in selected international markets.

Arcosa operates through businesses that provide construction products, engineered structures and transportation products. Its offerings include aggregates and other construction materials, concrete and drainage products, utility and communication structures, wind towers, traffic structures, inland barges and rail transportation components.