Arcosa (NYSE:ACA – Get Free Report) issued its quarterly earnings results on Wednesday. The company reported $1.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.06), FiscalAI reports. Arcosa had a return on equity of 8.52% and a net margin of 7.88%.The company had revenue of $658.70 million during the quarter, compared to the consensus estimate of $687.50 million.
Arcosa Stock Performance
ACA stock traded up $0.13 during trading on Wednesday, hitting $145.35. 580,196 shares of the company’s stock traded hands, compared to its average volume of 454,499. The company has a quick ratio of 1.60, a current ratio of 2.32 and a debt-to-equity ratio of 0.57. Arcosa has a 52 week low of $84.70 and a 52 week high of $146.92. The stock has a fifty day moving average price of $138.73 and a two-hundred day moving average price of $124.20. The stock has a market capitalization of $7.14 billion, a price-to-earnings ratio of 32.09, a price-to-earnings-growth ratio of 2.14 and a beta of 1.05.
Arcosa Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th were paid a dividend of $0.05 per share. The ex-dividend date was Wednesday, July 15th. This represents a $0.20 annualized dividend and a yield of 0.1%. Arcosa’s payout ratio is presently 4.42%.
Analyst Ratings Changes
Check Out Our Latest Analysis on Arcosa
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the business. Menard Financial Group LLC grew its position in shares of Arcosa by 1.9% during the 4th quarter. Menard Financial Group LLC now owns 6,275 shares of the company’s stock valued at $667,000 after buying an additional 117 shares during the last quarter. Maryland State Retirement & Pension System raised its stake in Arcosa by 1.7% during the fourth quarter. Maryland State Retirement & Pension System now owns 7,168 shares of the company’s stock worth $762,000 after acquiring an additional 117 shares during the period. Kestra Private Wealth Services LLC lifted its holdings in Arcosa by 5.8% in the third quarter. Kestra Private Wealth Services LLC now owns 3,039 shares of the company’s stock worth $285,000 after acquiring an additional 167 shares during the last quarter. American Century Companies Inc. lifted its holdings in Arcosa by 1.4% in the second quarter. American Century Companies Inc. now owns 12,690 shares of the company’s stock worth $1,100,000 after acquiring an additional 181 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in Arcosa by 13.0% in the second quarter. Smartleaf Asset Management LLC now owns 1,596 shares of the company’s stock valued at $140,000 after acquiring an additional 183 shares during the period. 90.66% of the stock is currently owned by institutional investors.
Arcosa Company Profile
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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