Arcosa, Inc. (NYSE:ACA) Receives $115.00 Average PT from Analysts

Arcosa, Inc. (NYSE:ACA) has earned a consensus rating of “Moderate Buy” from the four ratings firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $117.50.

A number of research firms have recently weighed in on ACA. Barclays boosted their target price on Arcosa from $106.00 to $115.00 and gave the company an “overweight” rating in a research note on Monday, November 3rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Arcosa in a research note on Monday, December 29th. Wall Street Zen lowered shares of Arcosa from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Finally, Zacks Research downgraded Arcosa from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th.

Arcosa Price Performance

NYSE ACA traded down $0.57 on Friday, reaching $115.20. 291,552 shares of the company’s stock traded hands, compared to its average volume of 189,011. The stock has a market cap of $5.65 billion, a PE ratio of 38.15, a P/E/G ratio of 1.50 and a beta of 0.99. Arcosa has a 12 month low of $68.11 and a 12 month high of $116.32. The stock has a 50-day simple moving average of $107.30 and a 200 day simple moving average of $98.28. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.02 and a quick ratio of 1.30.

Arcosa (NYSE:ACA) last announced its quarterly earnings data on Thursday, October 30th. The company reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.23. Arcosa had a net margin of 5.25% and a return on equity of 7.46%. The firm had revenue of $797.80 million during the quarter, compared to analyst estimates of $782.76 million. During the same period in the previous year, the business posted $0.91 EPS. The business’s quarterly revenue was up 24.6% on a year-over-year basis. As a group, research analysts predict that Arcosa will post 3.23 earnings per share for the current year.

Arcosa Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Thursday, January 15th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Thursday, January 15th. Arcosa’s dividend payout ratio (DPR) is 6.62%.

Institutional Trading of Arcosa

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. McElhenny Sheffield Capital Management LLC purchased a new stake in shares of Arcosa in the second quarter worth $93,040,000. Norges Bank bought a new stake in Arcosa during the 2nd quarter valued at about $49,475,000. Capital International Investors increased its stake in Arcosa by 28.3% during the 3rd quarter. Capital International Investors now owns 2,228,275 shares of the company’s stock valued at $208,812,000 after purchasing an additional 491,165 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in Arcosa in the third quarter worth about $37,035,000. Finally, Bank of America Corp DE lifted its stake in shares of Arcosa by 80.5% in the second quarter. Bank of America Corp DE now owns 465,140 shares of the company’s stock worth $40,332,000 after buying an additional 207,457 shares in the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.

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.