Arcosa, Inc. (ACA) to Issue Quarterly Dividend of $0.05 on January 30th

Arcosa, Inc. (NYSE:ACA) announced a quarterly dividend on Thursday, December 11th. Shareholders of record on Thursday, January 15th will be paid a dividend of 0.05 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Thursday, January 15th.

Arcosa has a dividend payout ratio of 4.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Arcosa to earn $4.56 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 4.4%.

Arcosa Trading Down 0.5%

NYSE ACA opened at $110.83 on Tuesday. The company has a market cap of $5.44 billion, a price-to-earnings ratio of 36.70, a price-to-earnings-growth ratio of 1.45 and a beta of 0.99. Arcosa has a twelve month low of $68.11 and a twelve month high of $113.25. The company has a quick ratio of 1.30, a current ratio of 2.02 and a debt-to-equity ratio of 0.61. The business’s fifty day moving average is $106.19 and its 200 day moving average is $97.62.

Arcosa (NYSE:ACA) last issued its earnings results on Wednesday, August 17th. The company reported $0.60 earnings per share (EPS) for the quarter. Arcosa had a return on equity of 7.46% and a net margin of 5.25%.The business had revenue of $515.10 million during the quarter. As a group, sell-side analysts expect that Arcosa will post 3.23 EPS for the current fiscal year.

Hedge Funds Weigh In On Arcosa

A number of hedge funds have recently bought and sold shares of ACA. First Horizon Corp acquired a new position in Arcosa in the third quarter valued at $32,000. Salomon & Ludwin LLC bought a new stake in shares of Arcosa during the 3rd quarter valued at about $33,000. Bessemer Group Inc. boosted its position 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. Quarry LP grew its stake in Arcosa by 160.0% during the third quarter. Quarry LP now owns 403 shares of the company’s stock worth $38,000 after purchasing an additional 248 shares during the period. Finally, Trust Co. of Toledo NA OH bought a new stake in Arcosa in the second quarter worth approximately $40,000. 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.