Arcosa Inc (NYSE:ACA) has been assigned a consensus rating of “Buy” from the eight ratings firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $40.29.
A number of research firms have weighed in on ACA. Sidoti began coverage on Arcosa in a research note on Wednesday, September 18th. They issued a “buy” rating and a $47.00 price target on the stock. Zacks Investment Research upgraded Arcosa from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research note on Tuesday, October 1st.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Nisa Investment Advisors LLC increased its position in shares of Arcosa by 2.1% during the second quarter. Nisa Investment Advisors LLC now owns 14,777 shares of the company’s stock worth $556,000 after purchasing an additional 300 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Arcosa by 1.6% during the second quarter. Oregon Public Employees Retirement Fund now owns 19,187 shares of the company’s stock worth $722,000 after purchasing an additional 300 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its position in shares of Arcosa by 2.2% during the second quarter. Municipal Employees Retirement System of Michigan now owns 14,550 shares of the company’s stock worth $548,000 after purchasing an additional 310 shares in the last quarter. Kirr Marbach & Co. LLC IN increased its position in shares of Arcosa by 0.3% during the third quarter. Kirr Marbach & Co. LLC IN now owns 148,579 shares of the company’s stock worth $5,083,000 after purchasing an additional 401 shares in the last quarter. Finally, Crossmark Global Holdings Inc. increased its position in shares of Arcosa by 4.4% during the second quarter. Crossmark Global Holdings Inc. now owns 10,654 shares of the company’s stock worth $401,000 after purchasing an additional 451 shares in the last quarter. Institutional investors and hedge funds own 84.25% of the company’s stock.
Arcosa stock opened at $36.26 on Tuesday. Arcosa has a 1-year low of $21.00 and a 1-year high of $39.74. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.07 and a quick ratio of 1.63. The stock has a market cap of $1.71 billion and a PE ratio of 19.92. The stock’s fifty day moving average is $34.21 and its two-hundred day moving average is $34.49.
Arcosa (NYSE:ACA) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.18. Arcosa had a return on equity of 5.14% and a net margin of 5.66%. The company had revenue of $434.10 million for the quarter, compared to analysts’ expectations of $429.22 million. The firm’s quarterly revenue was up 23.0% on a year-over-year basis. On average, research analysts expect that Arcosa will post 2.25 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 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 0.55%. The ex-dividend date is Friday, October 11th. Arcosa’s dividend payout ratio (DPR) is currently 10.99%.
Arcosa, Inc manufactures and sells infrastructure-related products and services for the construction, energy, and transportation markets. It operates through three segments: Construction Products Group, Energy Equipment Group, and Transportation Products Group. The Construction Products Group segment offers lightweight and natural construction aggregates, and trench shields and shoring products that are used in construction landscape, including commercial, industrial, road and bridge, and underground construction.
Featured Article: Earnings Reports
Receive News & Ratings for Arcosa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arcosa and related companies with MarketBeat.com's FREE daily email newsletter.