Arcosa (NYSE:ACA) Sets New 1-Year High – Time to Buy?

Arcosa, Inc. (NYSE:ACA) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $118.90 and last traded at $117.2710, with a volume of 19436 shares traded. The stock had previously closed at $116.38.

Analysts Set New Price Targets

ACA has been the topic of a number of analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of Arcosa in a research note on Monday, December 29th. Zacks Research lowered shares of Arcosa from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. Wall Street Zen downgraded shares of Arcosa from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Finally, Barclays raised their price objective on shares of Arcosa from $106.00 to $115.00 and gave the company an “overweight” rating in a research note on Monday, November 3rd. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $117.50.

Arcosa Price Performance

The stock has a market capitalization of $5.92 billion, a PE ratio of 40.00, a P/E/G ratio of 1.59 and a beta of 1.00. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.30 and a current ratio of 2.02. The company’s fifty day simple moving average is $111.20 and its two-hundred day simple moving average is $100.74.

Arcosa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Thursday, January 15th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, January 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. Arcosa’s dividend payout ratio is currently 6.62%.

Institutional Trading of Arcosa

Several institutional investors have recently made changes to their positions in ACA. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Arcosa by 7.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,533 shares of the company’s stock valued at $1,087,000 after buying an additional 860 shares in the last quarter. Fisher Asset Management LLC purchased a new position in shares of Arcosa during the second quarter worth approximately $7,884,000. First Trust Advisors LP lifted its stake in Arcosa by 29.0% in the second quarter. First Trust Advisors LP now owns 617,265 shares of the company’s stock worth $53,523,000 after purchasing an additional 138,676 shares during the last quarter. AXQ Capital LP bought a new position in shares of Arcosa during the second quarter valued at about $421,000. Finally, Creative Planning increased its stake in Arcosa by 72.6% in the 2nd quarter. Creative Planning now owns 31,229 shares of the company’s stock worth $2,708,000 after purchasing an additional 13,131 shares during the period. 90.66% of the stock is owned by hedge funds and other institutional investors.

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.