Arcosa, Inc. (NYSE:ACA) Receives Average Rating of “Moderate Buy” from Analysts

Arcosa, Inc. (NYSE:ACA) has been assigned an average rating of “Moderate Buy” from the six ratings firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $138.3333.

Several analysts recently commented on ACA shares. Weiss Ratings downgraded Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Zacks Research cut Arcosa from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 28th. Barclays increased their target price on Arcosa from $115.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Oppenheimer initiated coverage on Arcosa in a report on Thursday, May 28th. They set an “outperform” rating and a $150.00 target price for the company. Finally, Texas Capital upgraded Arcosa to a “strong-buy” rating in a report on Friday, March 27th.

Arcosa Stock Performance

Shares of Arcosa stock opened at $129.79 on Friday. The company has a market capitalization of $6.37 billion, a PE ratio of 28.65, a PEG ratio of 1.90 and a beta of 1.06. Arcosa has a 12 month low of $81.91 and a 12 month high of $135.58. The company has a current ratio of 2.32, a quick ratio of 1.60 and a debt-to-equity ratio of 0.57. The stock’s fifty day simple moving average is $120.61 and its 200 day simple moving average is $115.14.

Arcosa (NYSE:ACA) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.13 by $0.38. The business had revenue of $571.70 million for the quarter, compared to the consensus estimate of $642.40 million. Arcosa had a return on equity of 8.52% and a net margin of 7.88%.The firm’s revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.49 EPS. On average, research analysts predict that Arcosa will post 4.25 EPS for the current year.

Arcosa Dividend Announcement

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

Hedge Funds Weigh In On Arcosa

Large investors have recently added to or reduced their stakes in the company. State of Wyoming bought a new position in Arcosa during the 1st quarter worth about $30,000. GHP Investment Advisors Inc. bought a new position in shares of Arcosa in the 1st quarter valued at about $32,000. Farther Finance Advisors LLC grew its holdings in shares of Arcosa by 73.4% in the 4th quarter. Farther Finance Advisors LLC now owns 307 shares of the company’s stock valued at $33,000 after acquiring an additional 130 shares in the last quarter. Bessemer Group Inc. grew its holdings in shares of 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 acquiring an additional 119 shares in the last quarter. Finally, Quarry LP grew its holdings in shares of Arcosa by 160.0% in the 3rd quarter. Quarry LP now owns 403 shares of the company’s stock valued at $38,000 after acquiring an additional 248 shares in the last quarter. Institutional investors own 90.66% of the company’s stock.

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.