Arcosa (NYSE:ACA) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Arcosa, Inc. (NYSE:ACA – Get Free Report) saw unusually-high trading volume on Wednesday. 555,843 shares were traded during trading, an increase of 12% from the previous session’s volume of 496,056 shares. The stock last traded at $148.9760 and had previously closed at $147.45.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Weiss Ratings upgraded shares of Arcosa from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, October 12th. Stephens set a $150.00 price objective on Arcosa in a research report on Thursday, August 6th. Finally, Oppenheimer lowered Arcosa from an “outperform” rating to a “market perform” rating in a research note on Friday, June 26th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $141.25.

Read Our Latest Stock Analysis on Arcosa

Arcosa Stock Up 0.1%

The business’s 50 day simple moving average is $146.13 and its 200 day simple moving average is $136.92. The company has a market capitalization of $7.32 billion, a PE ratio of 14.94, a price-to-earnings-growth ratio of 2.24 and a beta of 1.08. The company has a quick ratio of 2.31, a current ratio of 3.12 and a debt-to-equity ratio of 0.48.

Arcosa (NYSE:ACA – Get Free Report) last issued its quarterly earnings results 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 net margin of 17.90% and a return on equity of 7.90%. The firm had revenue of $658.70 million during the quarter, compared to analysts’ expectations of $687.50 million. During the same quarter last year, the company posted $1.27 EPS. The firm’s revenue was down 10.6% compared to the same quarter last year. As a group, analysts forecast that Arcosa, Inc. will post 4.16 EPS for the current year.

Arcosa Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. acquired a new position in Arcosa during the second quarter valued at $1,222,486,000. Pentwater Capital Management LP acquired a new stake in Arcosa during the 2nd quarter worth about $95,891,000. First Trust Advisors LP boosted its position in Arcosa by 29.1% during the 1st quarter. First Trust Advisors LP now owns 530,455 shares of the company’s stock worth $56,302,000 after acquiring an additional 119,687 shares during the period. Bank of New York Mellon Corp acquired a new stake in Arcosa during the 2nd quarter worth about $50,804,000. Finally, Punch & Associates Investment Management Inc. acquired a new stake in Arcosa during the 2nd quarter worth about $50,494,000. Hedge funds and other 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 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.

Further Reading

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