Arcosa (NYSE:ACA) Sets New 52-Week High – Time to Buy?

Arcosa, Inc. (NYSE:ACA) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $136.00 and last traded at $133.98, with a volume of 50139 shares. The stock had previously closed at $132.66.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Zacks Research lowered shares of Arcosa from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 28th. DA Davidson increased their price objective on shares of Arcosa from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Weiss Ratings cut shares of Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Barclays upped their target price on Arcosa from $115.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Finally, Texas Capital upgraded Arcosa to a “strong-buy” rating in a report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $138.33.

Arcosa Trading Up 2.0%

The stock’s 50 day simple moving average is $122.67 and its two-hundred day simple moving average is $115.95. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.32 and a quick ratio of 1.60. The stock has a market capitalization of $6.67 billion, a PE ratio of 29.97, a PEG ratio of 1.96 and a beta of 1.06.

Arcosa (NYSE:ACA) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.38. Arcosa had a net margin of 7.88% and a return on equity of 8.52%. The company had revenue of $571.70 million for the quarter, compared to analysts’ expectations of $642.40 million. During the same quarter in the previous year, the firm posted $0.49 EPS. Arcosa’s revenue was up 5.0% on a year-over-year basis. On average, sell-side analysts expect that Arcosa, Inc. will post 4.25 EPS for the current year.

Arcosa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 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 0.1%. The ex-dividend date of this dividend is Wednesday, July 15th. Arcosa’s dividend payout ratio is currently 4.42%.

Institutional Investors Weigh In On Arcosa

Several large investors have recently added to or reduced their stakes in the company. Horizon Investments LLC bought a new stake in shares of Arcosa during the fourth quarter valued at about $1,925,000. Fisher Asset Management LLC grew its stake in Arcosa by 23.3% during the third quarter. Fisher Asset Management LLC now owns 112,106 shares of the company’s stock valued at $10,505,000 after acquiring an additional 21,181 shares in the last quarter. Capital International Investors increased its holdings in Arcosa by 28.3% during the 3rd quarter. Capital International Investors now owns 2,228,275 shares of the company’s stock worth $208,812,000 after acquiring an additional 491,165 shares during the period. Asset Management One Co. Ltd. bought a new stake in Arcosa during the 4th quarter worth approximately $2,564,000. Finally, Aptus Capital Advisors LLC lifted its stake in Arcosa by 15.1% in the 3rd quarter. Aptus Capital Advisors LLC now owns 130,520 shares of the company’s stock worth $12,231,000 after purchasing an additional 17,166 shares in the last quarter. Hedge funds and other 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.