Arcosa, Inc. (NYSE:ACA) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Arcosa, Inc. (NYSE:ACA) have received a consensus recommendation of “Moderate Buy” from the five brokerages that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $132.50.

A number of brokerages have recently issued reports on ACA. Weiss Ratings lowered Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Barclays increased their target price on Arcosa from $115.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Texas Capital upgraded shares of Arcosa to a “strong-buy” rating in a research report on Friday, March 27th. Zacks Research downgraded shares of Arcosa from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 28th. Finally, Wall Street Zen downgraded shares of Arcosa from a “hold” rating to a “sell” rating in a research report on Saturday.

Arcosa Price Performance

NYSE:ACA opened at $117.45 on Wednesday. Arcosa has a 52 week low of $81.91 and a 52 week high of $135.58. 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 stock has a market capitalization of $5.77 billion, a PE ratio of 25.93, a price-to-earnings-growth ratio of 1.81 and a beta of 1.08. The stock’s 50-day moving average price is $113.89 and its 200-day moving average price is $112.13.

Arcosa (NYSE:ACA) last announced its earnings results on Thursday, April 30th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $642.40 million. During the same quarter last year, the firm posted $0.49 EPS. The business’s revenue was up 5.0% on a year-over-year basis. As a group, equities analysts expect that Arcosa will post 4.22 EPS for the current fiscal year.

Arcosa Dividend Announcement

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

Institutional Trading of Arcosa

Large investors have recently made changes to their positions in the company. Impax Asset Management Group plc increased its position in shares of Arcosa by 74.7% during the third quarter. Impax Asset Management Group plc now owns 141,500 shares of the company’s stock worth $13,260,000 after purchasing an additional 60,500 shares in the last quarter. Y Intercept Hong Kong Ltd boosted its position in Arcosa by 69.3% during the third quarter. Y Intercept Hong Kong Ltd now owns 22,037 shares of the company’s stock worth $2,065,000 after acquiring an additional 9,023 shares during the last quarter. Strs Ohio boosted its position in Arcosa by 17.0% during the third quarter. Strs Ohio now owns 75,600 shares of the company’s stock worth $7,084,000 after acquiring an additional 11,000 shares during the last quarter. Public Sector Pension Investment Board boosted its position in Arcosa by 15.0% during the third quarter. Public Sector Pension Investment Board now owns 191,334 shares of the company’s stock worth $17,930,000 after acquiring an additional 24,892 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its position in Arcosa by 23.3% during the third quarter. Fisher Asset Management LLC now owns 112,106 shares of the company’s stock worth $10,505,000 after acquiring an additional 21,181 shares during the last quarter. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

About Arcosa

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.