Arcosa (NYSE:ACA) Shares Gap Up – Here’s Why

Shares of Arcosa, Inc. (NYSE:ACA) gapped up before the market opened on Monday . The stock had previously closed at $135.84, but opened at $145.00. Arcosa shares last traded at $145.7530, with a volume of 162,839 shares.

Analyst Ratings Changes

ACA has been the topic of several research analyst reports. Wall Street Zen raised shares of Arcosa from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Weiss Ratings lowered Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Texas Capital raised Arcosa to a “strong-buy” rating in a research note on Friday, March 27th. Oppenheimer initiated coverage on Arcosa in a report on Thursday, May 28th. They issued an “outperform” rating and a $150.00 price target on the stock. Finally, DA Davidson lifted their price objective on Arcosa from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $138.33.

Arcosa Stock Up 7.3%

The firm’s 50-day simple moving average is $123.18 and its 200 day simple moving average is $116.16. The company has a market cap of $7.15 billion, a P/E ratio of 32.15, a PEG ratio of 2.00 and a beta of 1.06. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.60 and a current ratio of 2.32.

Arcosa (NYSE:ACA) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.51 earnings per share 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 company had revenue of $571.70 million for the quarter, compared to the consensus estimate of $642.40 million. During the same quarter in the prior year, the business posted $0.49 EPS. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. On average, research analysts forecast that Arcosa, Inc. will post 4.25 earnings per share for the current fiscal year.

Arcosa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Wednesday, July 15th. Arcosa’s dividend payout ratio is currently 4.42%.

Hedge Funds Weigh In On Arcosa

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Nebraska Trust Co acquired a new position in shares of Arcosa during the 1st quarter worth about $746,000. Wellington Grp LLC raised its position in shares of Arcosa by 57.4% in the 1st quarter. Wellington Grp LLC now owns 5,950 shares of the company’s stock valued at $632,000 after acquiring an additional 2,170 shares during the period. Amundi boosted its stake in Arcosa by 64.3% during the 1st quarter. Amundi now owns 13,090 shares of the company’s stock worth $1,389,000 after acquiring an additional 5,122 shares during the last quarter. California State Teachers Retirement System boosted its stake in Arcosa by 12.4% during the 1st quarter. California State Teachers Retirement System now owns 52,183 shares of the company’s stock worth $5,539,000 after acquiring an additional 5,740 shares during the last quarter. Finally, Quantinno Capital Management LP grew its holdings in Arcosa by 21.8% during the first quarter. Quantinno Capital Management LP now owns 10,995 shares of the company’s stock valued at $1,167,000 after purchasing an additional 1,970 shares during the period. Institutional investors own 90.66% of the company’s stock.

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.