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

Arcosa, Inc. (NYSE:ACA) hit a new 52-week high during mid-day trading on Tuesday. The stock traded as high as $147.55 and last traded at $147.5150, with a volume of 451,275 shares. The stock had previously closed at $147.33.

Analyst Ratings Changes

ACA has been the topic of several recent analyst reports. Oppenheimer cut Arcosa from an “outperform” rating to a “market perform” rating in a research report on Friday, June 26th. Stephens set a $150.00 target price on shares of Arcosa in a research note on Thursday, August 6th. Weiss Ratings raised shares of Arcosa from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, October 12th. Zacks Research upgraded shares of Arcosa from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. Finally, Citigroup cut shares of Arcosa to a “hold” rating in a report on Tuesday, June 23rd. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $141.25.

Arcosa Stock Up 0.1%

The company has a current ratio of 3.12, a quick ratio of 2.31 and a debt-to-equity ratio of 0.48. The company’s 50 day moving average price is $145.92 and its two-hundred day moving average price is $136.06. The firm has a market cap of $7.24 billion, a PE ratio of 14.78, a PEG ratio of 2.21 and a beta of 1.08.

Arcosa (NYSE:ACA) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.13 EPS 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 company had revenue of $658.70 million during the quarter, compared to the consensus estimate of $687.50 million. During the same period last year, the business earned $1.27 EPS. The firm’s quarterly revenue was down 10.6% compared to the same quarter last year. On average, equities research analysts expect that Arcosa, Inc. will post 4.16 EPS for the current fiscal year.

Arcosa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.1%. Arcosa’s dividend payout ratio is 2.00%.

Institutional Trading of Arcosa

Several hedge funds have recently bought and sold shares of the stock. Castleark Management LLC increased its stake in Arcosa by 53.9% in the 1st quarter. Castleark Management LLC now owns 74,650 shares of the company’s stock worth $7,923,000 after acquiring an additional 26,150 shares during the last quarter. Pentwater Capital Management LP purchased a new stake in shares of Arcosa in the second quarter valued at $95,891,000. Bank of America Corp DE bought a new stake in shares of Arcosa in the 2nd quarter worth about $38,552,000. Deutsche Bank AG bought a new stake in shares of Arcosa in the 2nd quarter worth about $9,137,000. Finally, Corient Private Wealth LP boosted its stake in shares of Arcosa by 284.9% during the 2nd quarter. Corient Private Wealth LP now owns 11,111 shares of the company’s stock worth $1,614,000 after purchasing an additional 8,224 shares during the period. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Arcosa Company Profile

Arcosa, Inc (NYSE: ACA) is an infrastructure products company headquartered in Dallas, Texas. The company develops and manufactures products used in construction, transportation, utility and communications infrastructure, and renewable energy projects, serving customers primarily in the United States and other North American markets.

Arcosa’s Construction Products segment supplies aggregates, construction materials, drainage and stormwater management products, and related infrastructure solutions.