Arcosa (NYSE:ACA) Hits New 52-Week High – Time to Buy?

Arcosa, Inc. (NYSE:ACA) hit a new 52-week high during trading on Wednesday . The company traded as high as $117.41 and last traded at $116.95, with a volume of 85314 shares trading hands. The stock had previously closed at $112.92.

Analyst Ratings Changes

Several brokerages have recently issued reports on ACA. Zacks Research lowered Arcosa from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Weiss Ratings reissued a “buy (b-)” rating on shares of Arcosa in a research report on Monday, December 29th. Barclays raised their price target on shares of Arcosa from $106.00 to $115.00 and gave the company an “overweight” rating in a report on Monday, November 3rd. Finally, Wall Street Zen cut shares of Arcosa from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $117.50.

Arcosa Trading Up 3.7%

The company’s fifty day moving average is $107.88 and its 200-day moving average is $98.68. The company has a current ratio of 2.02, a quick ratio of 1.30 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $5.74 billion, a P/E ratio of 38.77, a P/E/G ratio of 1.50 and a beta of 0.99.

Arcosa (NYSE:ACA) last released its earnings results 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 quarter in the previous year, the business earned $0.91 EPS. The business’s revenue was up 24.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Arcosa, Inc. will post 3.23 earnings per share for the current fiscal year.

Arcosa Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ACA. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Arcosa by 7.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,533 shares of the company’s stock valued at $1,087,000 after purchasing an additional 860 shares during the last quarter. Fisher Asset Management LLC bought a new position in shares of Arcosa during the 2nd quarter worth about $7,884,000. First Trust Advisors LP raised its position in shares of Arcosa by 29.0% during the second quarter. First Trust Advisors LP now owns 617,265 shares of the company’s stock valued at $53,523,000 after buying an additional 138,676 shares during the last quarter. AXQ Capital LP acquired a new position in shares of Arcosa during the second quarter valued at about $421,000. Finally, Creative Planning lifted its stake in shares of Arcosa by 72.6% in the second quarter. Creative Planning now owns 31,229 shares of the company’s stock valued at $2,708,000 after buying an additional 13,131 shares during the period. 90.66% of the stock is owned by institutional investors.

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.