Arcosa (NYSE:ACA) Sets New 52-Week High – Still a Buy?

Arcosa, Inc. (NYSE:ACA) hit a new 52-week high on Wednesday . The stock traded as high as $116.09 and last traded at $113.5850, with a volume of 31488 shares changing hands. The stock had previously closed at $111.17.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ACA shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Arcosa in a research report on Monday, December 29th. Wall Street Zen cut Arcosa from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Barclays increased their target price on shares of Arcosa from $106.00 to $115.00 and gave the stock an “overweight” rating in a research report on Monday, November 3rd. Finally, Zacks Research downgraded shares of Arcosa from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.50.

Arcosa Stock Performance

The business’s fifty day moving average price is $106.97 and its 200-day moving average price is $98.01. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.02 and a quick ratio of 1.30. The stock has a market capitalization of $5.65 billion, a PE ratio of 38.15, a P/E/G ratio of 1.46 and a beta of 0.99.

Arcosa (NYSE:ACA) last announced its quarterly earnings results on Thursday, October 30th. The company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.33 by $0.23. The firm had revenue of $797.80 million during the quarter, compared to the consensus estimate of $782.76 million. Arcosa had a net margin of 5.25% and a return on equity of 7.46%. The business’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same period last year, the firm earned $0.91 EPS. As a group, equities research analysts expect that Arcosa, Inc. will post 3.23 EPS for the current year.

Arcosa Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Thursday, January 15th. Arcosa’s dividend payout ratio (DPR) is 6.62%.

Institutional Investors Weigh In On Arcosa

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. First Horizon Corp purchased a new position in Arcosa in the 3rd quarter worth approximately $32,000. Salomon & Ludwin LLC bought a new stake in shares of Arcosa during the 3rd quarter worth $33,000. Bessemer Group Inc. grew its position in Arcosa by 47.8% in the third quarter. Bessemer Group Inc. now owns 368 shares of the company’s stock worth $35,000 after acquiring an additional 119 shares in the last quarter. Quarry LP increased its stake in Arcosa by 160.0% in the third quarter. Quarry LP now owns 403 shares of the company’s stock valued at $38,000 after acquiring an additional 248 shares during the last quarter. Finally, Trust Co. of Toledo NA OH bought a new position in Arcosa in the second quarter valued at $40,000. 90.66% of the stock is owned by hedge funds and other institutional investors.

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.