Arcosa, Inc. (NYSE:ACA) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Arcosa, Inc. (NYSE:ACAGet Free Report) have earned a consensus rating of “Moderate Buy” from the five research firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $132.50.

ACA has been the topic of several recent research reports. Texas Capital raised shares of Arcosa to a “strong-buy” rating in a report on Friday, March 27th. Zacks Research downgraded shares of Arcosa from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 28th. DA Davidson upped their price objective on shares of Arcosa from $120.00 to $125.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Wall Street Zen downgraded shares of Arcosa from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Barclays boosted their price objective on Arcosa from $115.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, May 4th.

Check Out Our Latest Report on ACA

Hedge Funds Weigh In On Arcosa

Several institutional investors have recently made changes to their positions in ACA. State of Wyoming purchased a new position in shares of Arcosa during the 1st quarter valued at approximately $30,000. GHP Investment Advisors Inc. purchased a new position in shares of Arcosa during the 1st quarter valued at approximately $32,000. Farther Finance Advisors LLC increased its holdings in shares of Arcosa by 73.4% during the 4th quarter. Farther Finance Advisors LLC now owns 307 shares of the company’s stock valued at $33,000 after purchasing an additional 130 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of Arcosa by 47.8% during the 3rd quarter. Bessemer Group Inc. now owns 368 shares of the company’s stock valued at $35,000 after purchasing an additional 119 shares in the last quarter. Finally, Quarry LP grew its position in shares of Arcosa by 160.0% during the 3rd quarter. Quarry LP now owns 403 shares of the company’s stock valued at $38,000 after acquiring an additional 248 shares during the period. 90.66% of the stock is owned by hedge funds and other institutional investors.

Arcosa Stock Performance

Shares of ACA opened at $117.45 on Wednesday. The stock has a 50-day moving average of $113.89 and a two-hundred day moving average of $112.13. Arcosa has a one year low of $81.91 and a one year 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 stock has a market cap of $5.77 billion, a P/E ratio of 25.93, a P/E/G ratio of 1.81 and a beta of 1.08.

Arcosa (NYSE:ACAGet Free Report) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.38. Arcosa had a net margin of 7.88% and a return on equity of 8.52%. The company had revenue of $571.70 million during the quarter, compared to analyst estimates of $642.40 million. During the same period last year, the firm posted $0.49 EPS. Arcosa’s revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, research analysts predict that Arcosa will post 4.22 EPS for the current year.

Arcosa Dividend Announcement

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

About Arcosa

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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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Analyst Recommendations for Arcosa (NYSE:ACA)

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