Arcosa (NYSE:ACA) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Arcosa, Inc. (NYSE:ACA) saw an uptick in trading volume on Monday. 590,684 shares changed hands during trading, an increase of 21% from the previous session’s volume of 486,341 shares. The stock last traded at $146.48 and had previously closed at $146.62.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Weiss Ratings upgraded Arcosa from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, August 21st. Texas Capital lowered Arcosa from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Oppenheimer downgraded Arcosa from an “outperform” rating to a “market perform” rating in a report on Friday, June 26th. Citigroup downgraded Arcosa to a “hold” rating in a research note on Tuesday, June 23rd. Finally, Stephens set a $150.00 price objective on shares of Arcosa in a research report on Thursday, August 6th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Arcosa presently has a consensus rating of “Hold” and a consensus price target of $141.25.

Arcosa Stock Performance

The company has a market cap of $7.20 billion, a P/E ratio of 14.69, a price-to-earnings-growth ratio of 2.20 and a beta of 1.07. The company has a current ratio of 3.12, a quick ratio of 2.31 and a debt-to-equity ratio of 0.48. The company’s 50-day moving average price is $145.38 and its two-hundred day moving average price is $131.37.

Arcosa (NYSE:ACA) last released its quarterly earnings data on Wednesday, August 5th. The company reported $1.13 earnings per share for the quarter, missing the consensus estimate of $1.18 by ($0.05). Arcosa had a net margin of 17.90% and a return on equity of 7.90%. The company had revenue of $658.70 million during the quarter, compared to analyst estimates of $687.50 million. During the same quarter in the prior year, the company posted $1.27 EPS. The firm’s quarterly revenue was down 10.6% compared to the same quarter last year. As a group, equities analysts forecast that Arcosa, Inc. will post 4.16 earnings per share for the current year.

Arcosa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.1%. Arcosa’s dividend payout ratio (DPR) is 2.00%.

Hedge Funds Weigh In On Arcosa

Institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. raised its stake in shares of Arcosa by 1.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,268 shares of the company’s stock worth $559,000 after purchasing an additional 90 shares in the last quarter. GAMMA Investing LLC raised its holdings in Arcosa by 10.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,367 shares of the company’s stock valued at $199,000 after acquiring an additional 129 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of Arcosa by 15.2% during the 2nd quarter. Versant Capital Management Inc now owns 1,025 shares of the company’s stock valued at $149,000 after acquiring an additional 135 shares during the period. Bessemer Group Inc. grew its holdings in shares of Arcosa by 0.4% during the 1st quarter. Bessemer Group Inc. now owns 40,895 shares of the company’s stock worth $4,340,000 after purchasing an additional 143 shares in the last quarter. Finally, QRG Capital Management Inc. increased its holdings in Arcosa by 7.0% in the 1st quarter. QRG Capital Management Inc. now owns 3,240 shares of the company’s stock valued at $344,000 after buying an additional 212 shares during the period. 90.66% of the stock is owned by institutional investors.

Arcosa Company Profile

Arcosa, Inc (NYSE: ACA) is an infrastructure-related products and solutions company headquartered in Dallas, Texas. The company serves customers in the construction, utility, transportation and industrial markets, with operations primarily in the United States and a presence in selected international markets.

Arcosa operates through businesses that provide construction products, engineered structures and transportation products. Its offerings include aggregates and other construction materials, concrete and drainage products, utility and communication structures, wind towers, traffic structures, inland barges and rail transportation components.