Arcosa (NYSE:ACA) Reaches New 12-Month High – Still a Buy?

Arcosa, Inc. (NYSE:ACA) shares reached a new 52-week high on Tuesday . The company traded as high as $146.92 and last traded at $144.8490, with a volume of 4455238 shares changing hands. The stock had previously closed at $135.84.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Weiss Ratings downgraded shares of Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Zacks Research lowered Arcosa from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 28th. Oppenheimer started coverage on Arcosa in a report on Thursday, May 28th. They issued an “outperform” rating and a $150.00 price target for the company. DA Davidson increased their price target on Arcosa from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Finally, Wall Street Zen raised Arcosa from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $138.33.

Arcosa Price Performance

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 50 day moving average price of $123.83 and a 200-day moving average price of $116.43. The stock has a market capitalization of $7.11 billion, a price-to-earnings ratio of 31.98, a price-to-earnings-growth ratio of 2.00 and a beta of 1.06.

Arcosa (NYSE:ACA) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.13 by $0.38. The firm had revenue of $571.70 million during the quarter, compared to the consensus estimate of $642.40 million. Arcosa had a return on equity of 8.52% and a net margin of 7.88%.The firm’s revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.49 EPS. On average, analysts forecast that Arcosa, Inc. will post 4.25 earnings per share for the current year.

Arcosa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Wednesday, July 15th. Arcosa’s dividend payout ratio is 4.42%.

Hedge Funds Weigh In On Arcosa

Several hedge funds and other institutional investors have recently modified their holdings of the business. State of Wyoming purchased a new stake in Arcosa during the 1st quarter valued at about $30,000. GHP Investment Advisors Inc. purchased a new position in Arcosa in the 1st quarter worth approximately $32,000. Farther Finance Advisors LLC boosted its holdings in shares of Arcosa by 73.4% during the 4th quarter. Farther Finance Advisors LLC now owns 307 shares of the company’s stock worth $33,000 after purchasing an additional 130 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of Arcosa by 392.5% during the 4th quarter. Allworth Financial LP now owns 394 shares of the company’s stock worth $42,000 after purchasing an additional 314 shares during the last quarter. Finally, Quarry LP grew its position in shares of Arcosa by 160.0% in the third quarter. Quarry LP now owns 403 shares of the company’s stock valued at $38,000 after purchasing an additional 248 shares in the last quarter. 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.