Arcosa (NYSE:ACA) Sees Strong Trading Volume – Should You Buy?

Arcosa, Inc. (NYSE:ACA) saw unusually-high trading volume on Wednesday . Approximately 564,764 shares traded hands during mid-day trading, an increase of 62% from the previous session’s volume of 347,562 shares.The stock last traded at $144.4850 and had previously closed at $144.92.

Wall Street Analyst Weigh In

ACA has been the subject of several recent research reports. Wall Street Zen raised Arcosa from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th. Texas Capital cut shares of Arcosa from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Barclays lifted their price target on shares of Arcosa from $115.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Citigroup lowered shares of Arcosa to a “hold” rating in a research report on Tuesday. Finally, Zacks Research raised shares of Arcosa from a “strong sell” rating to a “hold” rating in a research note on Monday. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $138.33.

Arcosa Trading Up 0.4%

The firm’s 50 day simple moving average is $125.71 and its 200-day simple moving average is $117.22. The company has a quick ratio of 1.60, a current ratio of 2.32 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $7.11 billion, a PE ratio of 31.98, a P/E/G ratio of 2.12 and a beta of 1.06.

Arcosa (NYSE:ACA) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.38. Arcosa had a return on equity of 8.52% and a net margin of 7.88%.The firm had revenue of $571.70 million during the quarter, compared to the consensus estimate of $642.40 million. During the same period in the prior year, the firm earned $0.49 EPS. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Arcosa, Inc. will post 4.25 EPS for the current year.

Arcosa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $0.20 annualized dividend and a yield of 0.1%. Arcosa’s payout ratio is 4.42%.

Institutional Investors Weigh In On Arcosa

Hedge funds and other institutional investors have recently bought and sold shares of the business. First Nebraska Trust Co acquired a new stake in Arcosa in the first quarter valued at $746,000. Wellington Grp LLC lifted its position in shares of Arcosa by 57.4% during the first quarter. Wellington Grp LLC now owns 5,950 shares of the company’s stock worth $632,000 after purchasing an additional 2,170 shares during the last quarter. Amundi grew its stake in Arcosa by 64.3% in the first quarter. Amundi now owns 13,090 shares of the company’s stock worth $1,389,000 after purchasing an additional 5,122 shares in the last quarter. California State Teachers Retirement System grew its stake in Arcosa by 12.4% in the first quarter. California State Teachers Retirement System now owns 52,183 shares of the company’s stock worth $5,539,000 after purchasing an additional 5,740 shares in the last quarter. Finally, Quantinno Capital Management LP increased its holdings in Arcosa by 21.8% in the first quarter. Quantinno Capital Management LP now owns 10,995 shares of the company’s stock valued at $1,167,000 after buying an additional 1,970 shares during the last quarter. 90.66% of the stock is currently 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.