Arcosa, Inc. (NYSE:ACA) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Arcosa, Inc. (NYSE:ACA) have earned an average rating of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $138.3333.

A number of research firms recently commented on ACA. Zacks Research cut Arcosa from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 28th. Texas Capital upgraded Arcosa to a “strong-buy” rating in a report on Friday, March 27th. Oppenheimer began coverage on Arcosa in a report on Thursday, May 28th. They set an “outperform” rating and a $150.00 price target for the company. DA Davidson lifted their price target on Arcosa from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Finally, Wall Street Zen upgraded Arcosa from a “sell” rating to a “hold” rating in a report on Saturday, May 30th.

Arcosa Price Performance

Shares of NYSE ACA opened at $129.79 on Friday. The stock has a market capitalization of $6.37 billion, a price-to-earnings ratio of 28.65, a PEG ratio of 1.90 and a beta of 1.06. The business has a 50-day moving average of $120.61 and a 200-day moving average of $115.14. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.32 and a quick ratio of 1.60. Arcosa has a fifty-two week low of $81.91 and a fifty-two week high of $135.58.

Arcosa (NYSE:ACA) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.38. The company had revenue of $571.70 million during the quarter, compared to analysts’ expectations of $642.40 million. Arcosa had a return on equity of 8.52% and a net margin of 7.88%.Arcosa’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.49 EPS. As a group, sell-side analysts predict that Arcosa will post 4.25 earnings per share for the current fiscal year.

Arcosa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be issued a dividend of $0.05 per share. The ex-dividend date is Wednesday, July 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.2%. Arcosa’s dividend payout ratio (DPR) is presently 4.42%.

Hedge Funds Weigh In On Arcosa

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its holdings in Arcosa by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,322,901 shares of the company’s stock worth $246,976,000 after purchasing an additional 13,059 shares during the period. Capital International Investors grew its holdings in Arcosa by 0.7% during the fourth quarter. Capital International Investors now owns 2,244,231 shares of the company’s stock worth $238,607,000 after purchasing an additional 15,956 shares during the period. State Street Corp lifted its position in Arcosa by 1.9% during the fourth quarter. State Street Corp now owns 1,948,344 shares of the company’s stock worth $207,148,000 after acquiring an additional 36,852 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its position in Arcosa by 25.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,707,884 shares of the company’s stock worth $181,583,000 after acquiring an additional 342,242 shares during the last quarter. Finally, Capital World Investors lifted its position in Arcosa by 5.0% during the fourth quarter. Capital World Investors now owns 1,680,000 shares of the company’s stock worth $178,618,000 after acquiring an additional 80,000 shares during the last quarter. 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.