Arcosa, Inc. (NYSE:ACA – Get Free Report) announced a quarterly dividend on Wednesday, May 13th. Stockholders of record on Wednesday, July 15th will be paid a dividend of 0.05 per share on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Wednesday, July 15th.
Arcosa has a dividend payout ratio of 4.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Arcosa to earn $4.78 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 4.2%.
Arcosa Price Performance
Shares of Arcosa stock opened at $129.87 on Friday. The firm has a market cap of $6.38 billion, a P/E ratio of 28.67, a price-to-earnings-growth ratio of 1.91 and a beta of 1.08. Arcosa has a twelve month low of $81.91 and a twelve month high of $135.58. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.60 and a current ratio of 2.32. The firm’s 50-day simple moving average is $113.29 and its 200-day simple moving average is $111.54.
Institutional Investors Weigh In On Arcosa
Several large investors have recently bought and sold shares of ACA. AQR Capital Management LLC increased its stake in Arcosa by 20.6% in the first quarter. AQR Capital Management LLC now owns 8,326 shares of the company’s stock valued at $642,000 after purchasing an additional 1,423 shares in the last quarter. United Services Automobile Association bought a new stake in Arcosa in the first quarter valued at approximately $256,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Arcosa by 11.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,244 shares of the company’s stock valued at $11,047,000 after purchasing an additional 14,723 shares in the last quarter. Jane Street Group LLC increased its stake in Arcosa by 193.8% in the first quarter. Jane Street Group LLC now owns 105,243 shares of the company’s stock valued at $8,116,000 after purchasing an additional 69,427 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Arcosa by 1.4% in the second quarter. American Century Companies Inc. now owns 12,690 shares of the company’s stock valued at $1,100,000 after purchasing an additional 181 shares in the last quarter. 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.
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