Arcosa (NYSE:ACA) Hits New 52-Week High – Here’s What Happened

Arcosa, Inc. (NYSE:ACA – Get Free Report) reached a new 52-week high on Friday. The stock traded as high as $147.13 and last traded at $147.04, with a volume of 219486 shares changing hands. The stock had previously closed at $146.50.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Oppenheimer downgraded shares of Arcosa from an “outperform” rating to a “market perform” rating in a report on Friday, June 26th. Citigroup cut Arcosa to a “hold” rating in a report on Tuesday, June 23rd. Texas Capital lowered Arcosa from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Weiss Ratings upgraded Arcosa from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, August 21st. Finally, Zacks Research upgraded shares of Arcosa from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $141.25.

Read Our Latest Report on ACA

Arcosa Price Performance

The firm has a fifty day moving average of $145.64 and a two-hundred day moving average of $133.97. The stock has a market capitalization of $7.22 billion, a P/E ratio of 14.73, a P/E/G ratio of 2.20 and a beta of 1.08. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.12 and a quick ratio of 2.31.

Arcosa (NYSE:ACA – Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $1.13 earnings per share (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 business had revenue of $658.70 million for the quarter, compared to the consensus estimate of $687.50 million. During the same quarter in the previous year, the company earned $1.27 earnings per share. The firm’s revenue was down 10.6% on a year-over-year basis. On average, analysts predict that Arcosa, Inc. will post 4.16 EPS for the current year.

Arcosa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors 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 yield of 0.1%. Arcosa’s payout ratio is 2.00%.

Institutional Trading of Arcosa

Several hedge funds and other institutional investors have recently bought and sold shares of ACA. PNC Financial Services Group Inc. boosted its position in shares of Arcosa by 1.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,268 shares of the company’s stock valued at $559,000 after purchasing an additional 90 shares during the period. GAMMA Investing LLC boosted its stake in Arcosa by 10.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,367 shares of the company’s stock worth $199,000 after purchasing an additional 129 shares during the period. Versant Capital Management Inc boosted its stake in Arcosa by 15.2% during the 2nd quarter. Versant Capital Management Inc now owns 1,025 shares of the company’s stock worth $149,000 after purchasing an additional 135 shares during the period. Bessemer Group Inc. increased its stake in Arcosa by 0.4% in the first quarter. Bessemer Group Inc. now owns 40,895 shares of the company’s stock valued at $4,340,000 after purchasing an additional 143 shares during the period. Finally, QRG Capital Management Inc. increased its stake in Arcosa by 7.0% in the first quarter. QRG Capital Management Inc. now owns 3,240 shares of the company’s stock valued at $344,000 after purchasing an additional 212 shares during the period. Institutional investors own 90.66% of the company’s stock.

Arcosa Company Profile

(Get Free Report)

Arcosa, Inc (NYSE: ACA) is an infrastructure products company that manufactures and sells products used in construction, utility and energy infrastructure, and transportation markets. The company serves contractors, utilities, infrastructure developers, original equipment manufacturers, and other industrial customers.

Arcosa’s Construction Products segment provides aggregates and specialty materials, concrete products, drainage and related infrastructure products, and other solutions used in commercial, residential, transportation, and industrial construction.

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