Arcosa, Inc. (NYSE:ACA) Receives Consensus Rating of “Buy” from Analysts

Arcosa, Inc. (NYSE:ACA) has been assigned an average recommendation of “Buy” from the five ratings firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $120.00.

Several research analysts have recently issued reports on the company. Weiss Ratings raised Arcosa from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, March 17th. Texas Capital raised Arcosa to a “strong-buy” rating in a research note on Friday, March 27th. DA Davidson upped their price objective on Arcosa from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Finally, Wall Street Zen downgraded Arcosa from a “buy” rating to a “hold” rating in a research note on Sunday, March 1st.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC increased its stake in shares of Arcosa by 73.4% in the fourth quarter. Farther Finance Advisors LLC now owns 307 shares of the company’s stock valued at $33,000 after buying an additional 130 shares during the period. First Horizon Corp acquired a new position in shares of Arcosa in the third quarter valued at approximately $32,000. Salomon & Ludwin LLC acquired a new position in shares of Arcosa in the third quarter valued at approximately $33,000. Bessemer Group Inc. increased its stake in shares of Arcosa by 47.8% in the third quarter. Bessemer Group Inc. now owns 368 shares of the company’s stock valued at $35,000 after buying an additional 119 shares during the period. Finally, Allworth Financial LP boosted its holdings in Arcosa by 392.5% in the fourth quarter. Allworth Financial LP now owns 394 shares of the company’s stock valued at $42,000 after acquiring an additional 314 shares during the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

Arcosa Stock Down 1.4%

ACA stock opened at $106.14 on Tuesday. The stock has a market capitalization of $5.21 billion, a P/E ratio of 25.03, a price-to-earnings-growth ratio of 1.41 and a beta of 0.96. The company has a current ratio of 2.20, a quick ratio of 1.35 and a debt-to-equity ratio of 0.57. Arcosa has a 12 month low of $68.11 and a 12 month high of $131.00. The firm has a 50-day moving average price of $114.04 and a 200-day moving average price of $106.65.

Arcosa (NYSE:ACA) last posted its earnings results on Thursday, February 26th. The company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.20. The firm had revenue of $716.70 million during the quarter, compared to analysts’ expectations of $719.46 million. Arcosa had a net margin of 7.23% and a return on equity of 8.64%. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.46 earnings per share. As a group, equities research analysts anticipate that Arcosa will post 3.23 EPS for the current fiscal year.

Arcosa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Wednesday, April 15th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. Arcosa’s dividend payout ratio is currently 4.72%.

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.