Arcosa, Inc. (NYSE:ACA) Stock Now Rated “Hold” by Sell-Side Analysts

Arcosa, Inc. (NYSE:ACA) has been assigned an average rating of “Hold” from the seven analysts that are covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $141.25.

ACA has been the subject of several research reports. Zacks Research upgraded shares of Arcosa from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. Citigroup lowered Arcosa to a “hold” rating in a research report on Tuesday, June 23rd. Oppenheimer downgraded shares of Arcosa from an “outperform” rating to a “market perform” rating in a report on Friday, June 26th. Weiss Ratings raised shares of Arcosa from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, August 21st. Finally, Stephens set a $150.00 price objective on shares of Arcosa in a report on Thursday, August 6th.

Arcosa Trading Down 0.1%

Shares of NYSE:ACA opened at $146.48 on Tuesday. The business’s 50-day moving average is $145.41 and its 200 day moving average is $131.64. Arcosa has a 1 year low of $89.03 and a 1 year high of $146.92. The firm has a market capitalization of $7.19 billion, a P/E ratio of 14.68, a P/E/G ratio of 2.20 and a beta of 1.07. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.12 and a quick ratio of 2.31.

Arcosa (NYSE:ACA) last issued its quarterly earnings results 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 return on equity of 7.90% and a net margin of 17.90%.The business had revenue of $658.70 million during the quarter, compared to analyst estimates of $687.50 million. During the same period in the prior year, the business posted $1.27 EPS. Arcosa’s revenue was down 10.6% compared to the same quarter last year. On average, research analysts predict that Arcosa will post 4.16 earnings per share for the current fiscal year.

Arcosa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Thursday, October 15th will be issued a dividend of $0.05 per share. 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 is 2.00%.

Institutional Trading of Arcosa

Several institutional investors have recently bought and sold shares of the business. QRG Capital Management Inc. raised its stake in Arcosa by 7.0% in the 2nd quarter. QRG Capital Management Inc. now owns 3,467 shares of the company’s stock valued at $504,000 after purchasing an additional 227 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in Arcosa by 72.7% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,475 shares of the company’s stock valued at $650,000 after purchasing an additional 1,884 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in Arcosa during the 2nd quarter worth $5,022,000. Engineers Gate Manager LP acquired a new stake in Arcosa during the 2nd quarter worth $216,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of Arcosa during the second quarter worth $69,000. 90.66% of the stock is owned by institutional investors and hedge funds.

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.