Arcosa (NYSE:ACA) Downgraded by Wall Street Zen to Sell

Wall Street Zen downgraded shares of Arcosa (NYSE:ACA) from a hold rating to a sell rating in a research report sent to investors on Saturday morning.

ACA has been the subject of several other research reports. Barclays raised their price objective on Arcosa from $115.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Texas Capital upgraded Arcosa to a “strong-buy” rating in a report on Friday, March 27th. Weiss Ratings cut Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 11th. DA Davidson raised their price objective on Arcosa from $120.00 to $125.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Finally, Zacks Research cut Arcosa from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $132.50.

Arcosa Price Performance

ACA stock opened at $124.13 on Friday. The stock has a market cap of $6.09 billion, a PE ratio of 27.40, a price-to-earnings-growth ratio of 1.84 and a beta of 1.08. The stock has a 50-day moving average price of $113.52 and a two-hundred day moving average price of $111.62. The company has a current ratio of 2.32, a quick ratio of 1.60 and a debt-to-equity ratio of 0.57. Arcosa has a 1 year low of $81.91 and a 1 year high of $135.58.

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

Arcosa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.2%. The ex-dividend date is Wednesday, July 15th. Arcosa’s dividend payout ratio (DPR) is 4.42%.

Institutional Investors Weigh In On Arcosa

Several hedge funds have recently bought and sold shares of the company. Impax Asset Management Group plc raised its position in shares of Arcosa by 74.7% in the third quarter. Impax Asset Management Group plc now owns 141,500 shares of the company’s stock valued at $13,260,000 after buying an additional 60,500 shares in the last quarter. Y Intercept Hong Kong Ltd raised its position in shares of Arcosa by 69.3% in the third quarter. Y Intercept Hong Kong Ltd now owns 22,037 shares of the company’s stock valued at $2,065,000 after buying an additional 9,023 shares in the last quarter. Strs Ohio raised its position in shares of Arcosa by 17.0% in the third quarter. Strs Ohio now owns 75,600 shares of the company’s stock valued at $7,084,000 after buying an additional 11,000 shares in the last quarter. Public Sector Pension Investment Board raised its position in shares of Arcosa by 15.0% in the third quarter. Public Sector Pension Investment Board now owns 191,334 shares of the company’s stock valued at $17,930,000 after buying an additional 24,892 shares in the last quarter. Finally, Fisher Asset Management LLC raised its position in shares of Arcosa by 23.3% in the third quarter. Fisher Asset Management LLC now owns 112,106 shares of the company’s stock valued at $10,505,000 after buying an additional 21,181 shares in the last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.

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.