Analysts Set Arcosa, Inc. (NYSE:ACA) Price Target at $115.00

Arcosa, Inc. (NYSE:ACA) has been assigned an average recommendation of “Moderate Buy” from the five ratings firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $115.00.

A number of equities research analysts have weighed in on ACA shares. Zacks Research downgraded Arcosa from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Barclays raised their price objective on shares of Arcosa from $106.00 to $115.00 and gave the stock an “overweight” rating in a research report on Monday, November 3rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Arcosa in a research report on Monday. Finally, Wall Street Zen raised shares of Arcosa from a “hold” rating to a “buy” rating in a research note on Monday, December 8th.

Arcosa Price Performance

Shares of NYSE ACA opened at $111.19 on Wednesday. The company has a market capitalization of $5.45 billion, a PE ratio of 36.82, a P/E/G ratio of 1.60 and a beta of 1.00. The company has a quick ratio of 1.30, a current ratio of 2.02 and a debt-to-equity ratio of 0.61. Arcosa has a twelve month low of $68.11 and a twelve month high of $113.25. The firm has a fifty day simple moving average of $101.35 and a 200 day simple moving average of $95.06.

Arcosa (NYSE:ACA) last issued its quarterly earnings results on Wednesday, August 17th. The company reported $0.60 earnings per share for the quarter. Arcosa had a return on equity of 7.46% and a net margin of 5.25%.The firm had revenue of $515.10 million during the quarter. On average, sell-side analysts forecast that Arcosa will post 3.23 EPS for the current year.

Arcosa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be paid a $0.05 dividend. The ex-dividend date is Thursday, January 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. Arcosa’s dividend payout ratio (DPR) is currently 6.62%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. First Horizon Corp bought a new position in Arcosa in the third quarter worth approximately $32,000. Salomon & Ludwin LLC bought a new position in shares of Arcosa in the 3rd quarter worth $33,000. Bessemer Group Inc. grew its position in Arcosa by 47.8% in the 3rd quarter. Bessemer Group Inc. now owns 368 shares of the company’s stock valued at $35,000 after purchasing an additional 119 shares during the period. Quarry LP increased its stake in Arcosa by 160.0% during the 3rd quarter. Quarry LP now owns 403 shares of the company’s stock valued at $38,000 after purchasing an additional 248 shares in the last quarter. Finally, Trust Co. of Toledo NA OH bought a new stake in Arcosa during the 2nd quarter valued at $40,000. 90.66% of the stock is 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.