Arcosa, Inc. (NYSE:ACA) has been assigned a consensus rating of “Hold” from the nine analysts that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $69.50.
A number of research analysts have recently commented on ACA shares. Gabelli raised shares of Arcosa from a “hold” rating to a “buy” rating in a research report on Monday, May 3rd. G.Research raised shares of Arcosa from a “hold” rating to a “buy” rating in a report on Monday, May 3rd. Oppenheimer lifted their target price on shares of Arcosa from $70.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, May 6th. DA Davidson lifted their target price on shares of Arcosa from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, May 25th. Finally, Sidoti downgraded shares of Arcosa from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $64.00 to $67.00 in a report on Monday, February 22nd.
ACA stock traded down $1.02 during midday trading on Thursday, hitting $60.19. The company’s stock had a trading volume of 178,442 shares, compared to its average volume of 274,876. The company has a quick ratio of 1.31, a current ratio of 2.24 and a debt-to-equity ratio of 0.13. Arcosa has a twelve month low of $37.25 and a twelve month high of $68.46. The business has a fifty day moving average price of $62.86. The firm has a market cap of $2.90 billion, a PE ratio of 32.54, a P/E/G ratio of 7.61 and a beta of 0.40.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 30th. Shareholders of record on Thursday, July 15th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date is Wednesday, July 14th. Arcosa’s dividend payout ratio is currently 8.16%.
In other Arcosa news, CAO Mary E. Henderson sold 10,000 shares of the business’s stock in a transaction dated Wednesday, June 2nd. The shares were sold at an average price of $60.99, for a total value of $609,900.00. Following the completion of the sale, the chief accounting officer now owns 39,667 shares of the company’s stock, valued at approximately $2,419,290.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jesse E. Jr. Collins sold 10,990 shares of the business’s stock in a transaction that occurred on Friday, May 28th. The shares were sold at an average price of $62.49, for a total transaction of $686,765.10. Following the completion of the transaction, the insider now owns 18,097 shares of the company’s stock, valued at $1,130,881.53. The disclosure for this sale can be found here. Insiders sold a total of 24,778 shares of company stock valued at $1,532,051 in the last three months. Insiders own 0.59% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the stock. Comerica Bank increased its position in Arcosa by 0.4% during the 4th quarter. Comerica Bank now owns 50,730 shares of the company’s stock worth $3,169,000 after purchasing an additional 194 shares in the last quarter. Point View Wealth Management Inc. increased its position in Arcosa by 5.0% during the 4th quarter. Point View Wealth Management Inc. now owns 6,013 shares of the company’s stock worth $330,000 after purchasing an additional 287 shares in the last quarter. Nisa Investment Advisors LLC increased its position in Arcosa by 2.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 15,677 shares of the company’s stock worth $861,000 after purchasing an additional 300 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in Arcosa by 2.1% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 19,703 shares of the company’s stock worth $1,282,000 after purchasing an additional 400 shares in the last quarter. Finally, Profund Advisors LLC increased its position in Arcosa by 7.8% during the 1st quarter. Profund Advisors LLC now owns 5,620 shares of the company’s stock worth $366,000 after purchasing an additional 408 shares in the last quarter. Institutional investors and hedge funds own 87.18% of the company’s stock.
Arcosa Company Profile
Arcosa, Inc, together with its subsidiaries, provides infrastructure-related products and solutions for the construction, energy, and transportation markets in North America. It operates through three segments: Construction Products, Engineered Structures, and Transportation Products. The Construction Products segment offers natural and lightweight aggregates; specialty materials, including lightweight aggregates and plaster; trench shields and shoring products for residential and non-residential construction, agriculture, specialty building products, and underground construction markets, as well as for infrastructure, including road, bridge, and other public products markets.
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