Arcosa (NYSE:ACA) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of Arcosa (NYSE:ACA) from a buy rating to a hold rating in a research note published on Sunday.

ACA has been the topic of a number of other research reports. Barclays increased their price objective 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 restated a “buy (b-)” rating on shares of Arcosa in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Arcosa has a consensus rating of “Moderate Buy” and a consensus price target of $120.00.

Arcosa Price Performance

Arcosa stock opened at $110.37 on Friday. The company has a current ratio of 2.20, a quick ratio of 1.35 and a debt-to-equity ratio of 0.57. The company has a 50-day moving average price of $116.26 and a 200 day moving average price of $105.03. Arcosa has a 12-month low of $68.11 and a 12-month high of $131.00. The stock has a market cap of $5.41 billion, a P/E ratio of 26.03, a PEG ratio of 1.44 and a beta of 1.01.

Arcosa (NYSE:ACA) last issued its quarterly earnings data on Thursday, February 26th. The company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.20. Arcosa had a return on equity of 8.64% and a net margin of 7.23%.The company had revenue of $716.70 million during the quarter, compared to analyst estimates of $719.46 million. During the same period in the prior year, the business posted $0.46 earnings per share. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. Sell-side analysts anticipate that Arcosa will post 3.23 earnings per share for the current year.

Arcosa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Wednesday, April 15th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.2%. The ex-dividend date is Wednesday, April 15th. Arcosa’s payout ratio is currently 4.72%.

Institutional Investors Weigh In On Arcosa

Several institutional investors and hedge funds have recently modified their holdings of ACA. Farther Finance Advisors LLC boosted its stake in shares of Arcosa by 73.4% during the 4th quarter. Farther Finance Advisors LLC now owns 307 shares of the company’s stock valued at $33,000 after buying an additional 130 shares during the last quarter. First Horizon Corp acquired a new stake in Arcosa in the third quarter valued at $32,000. Salomon & Ludwin LLC bought a new position in Arcosa during the 3rd quarter valued at $33,000. Bessemer Group Inc. boosted its stake in Arcosa by 47.8% during the 3rd quarter. Bessemer Group Inc. now owns 368 shares of the company’s stock valued at $35,000 after acquiring an additional 119 shares during the last quarter. Finally, Allworth Financial LP grew its holdings in Arcosa by 392.5% during the 4th quarter. Allworth Financial LP now owns 394 shares of the company’s stock worth $42,000 after acquiring an additional 314 shares in the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.

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.