Arcosa, Inc. Announces Quarterly Dividend of $0.05 (NYSE:ACA)

Arcosa, Inc. (NYSE:ACA) declared a quarterly dividend on Wednesday, May 13th. Stockholders of record on Wednesday, July 15th will be given a dividend of 0.05 per share on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, July 15th.

Arcosa has a payout ratio of 4.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Arcosa to earn $4.78 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 4.2%.

Arcosa Price Performance

Shares of ACA opened at $128.66 on Thursday. Arcosa has a one year low of $81.91 and a one year high of $135.58. The stock’s fifty day moving average is $112.90 and its 200-day moving average is $111.28. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.60 and a current ratio of 2.32. The firm has a market capitalization of $6.32 billion, a price-to-earnings ratio of 28.40, a price-to-earnings-growth ratio of 1.89 and a beta of 1.08.

Arcosa (NYSE:ACA) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.38. The business had revenue of $571.70 million during the quarter, compared to the consensus estimate of $642.40 million. Arcosa had a net margin of 7.88% and a return on equity of 8.52%. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.49 earnings per share. Equities analysts anticipate that Arcosa will post 4.22 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ACA. Dimensional Fund Advisors LP boosted its position in Arcosa by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,322,901 shares of the company’s stock worth $246,976,000 after acquiring an additional 13,059 shares during the period. Capital International Investors lifted its position in shares of Arcosa by 0.7% in the fourth quarter. Capital International Investors now owns 2,244,231 shares of the company’s stock worth $238,607,000 after purchasing an additional 15,956 shares in the last quarter. State Street Corp lifted its position in shares of Arcosa by 1.9% in the fourth quarter. State Street Corp now owns 1,948,344 shares of the company’s stock worth $207,148,000 after purchasing an additional 36,852 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Arcosa by 25.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,707,884 shares of the company’s stock worth $181,583,000 after purchasing an additional 342,242 shares during the period. Finally, Capital World Investors grew its position in Arcosa by 5.0% during the fourth quarter. Capital World Investors now owns 1,680,000 shares of the company’s stock valued at $178,618,000 after purchasing an additional 80,000 shares in the last quarter. 90.66% of the stock is owned by institutional investors and hedge funds.

About Arcosa

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.