Arcosa (NYSE:ACA) Releases Earnings Results, Beats Estimates By $0.20 EPS

Arcosa (NYSE:ACA) issued its earnings results on Thursday. The company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.20, FiscalAI reports. Arcosa had a net margin of 5.25% and a return on equity of 7.46%. The business had revenue of $716.70 million during the quarter, compared to the consensus estimate of $719.46 million.

Arcosa Price Performance

Arcosa stock traded up $0.56 during trading hours on Thursday, reaching $127.23. 322,921 shares of the stock were exchanged, compared to its average volume of 223,147. The company has a current ratio of 2.02, a quick ratio of 1.30 and a debt-to-equity ratio of 0.61. Arcosa has a twelve month low of $68.11 and a twelve month high of $131.00. The company has a market cap of $6.24 billion, a P/E ratio of 42.13, a price-to-earnings-growth ratio of 1.69 and a beta of 1.00. The stock has a 50 day moving average of $116.08 and a two-hundred day moving average of $104.55.

Arcosa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Wednesday, April 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 Wednesday, April 15th. Arcosa’s dividend payout ratio is presently 6.62%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ACA. Menard Financial Group LLC grew its holdings in shares of Arcosa by 1.9% during the 4th quarter. Menard Financial Group LLC now owns 6,275 shares of the company’s stock valued at $667,000 after purchasing an additional 117 shares during the last quarter. Maryland State Retirement & Pension System grew its stake in shares of Arcosa by 1.7% during the fourth quarter. Maryland State Retirement & Pension System now owns 7,168 shares of the company’s stock worth $762,000 after buying an additional 117 shares during the last quarter. Kestra Private Wealth Services LLC increased its holdings in shares of Arcosa by 5.8% during the third quarter. Kestra Private Wealth Services LLC now owns 3,039 shares of the company’s stock worth $285,000 after buying an additional 167 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Arcosa by 1.4% in the 2nd quarter. American Century Companies Inc. now owns 12,690 shares of the company’s stock valued at $1,100,000 after acquiring an additional 181 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Arcosa by 13.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,596 shares of the company’s stock valued at $140,000 after acquiring an additional 183 shares in the last quarter. Institutional investors own 90.66% of the company’s stock.

Wall Street Analyst Weigh In

ACA has been the subject of several research analyst reports. Barclays lifted their target price on shares of Arcosa from $106.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday, November 3rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Arcosa in a research report on Monday, December 29th. Finally, Wall Street Zen raised Arcosa from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $117.50.

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.