Arcosa, Inc. (NYSE:ACA) to Issue Quarterly Dividend of $0.05

Arcosa, Inc. (NYSE:ACA) announced a quarterly dividend on Tuesday, February 25th, RTT News reports. Shareholders of record on Tuesday, April 15th will be given a dividend of 0.05 per share on Wednesday, April 30th. This represents a $0.20 annualized dividend and a yield of 0.22%.

Arcosa has a dividend payout ratio of 3.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Arcosa to earn $4.56 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 4.4%.

Arcosa Stock Up 0.9 %

NYSE:ACA traded up $0.84 during trading hours on Tuesday, hitting $92.99. 229,778 shares of the stock traded hands, compared to its average volume of 239,297. The firm has a 50 day moving average price of $98.75 and a 200 day moving average price of $96.90. The firm has a market cap of $4.54 billion, a price-to-earnings ratio of 35.36 and a beta of 0.76. The company has a current ratio of 3.61, a quick ratio of 2.77 and a debt-to-equity ratio of 0.51. Arcosa has a fifty-two week low of $72.75 and a fifty-two week high of $113.43.

Analyst Ratings Changes

A number of research firms have recently issued reports on ACA. Barclays initiated coverage on shares of Arcosa in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $106.00 price target for the company. Oppenheimer boosted their price target on Arcosa from $105.00 to $110.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 14th.

About Arcosa

Arcosa, Inc, together with its subsidiaries, provides infrastructure-related products and solutions for the construction, engineered structures, and transportation markets in the United States. It operates through three segments: Construction Products, Engineered Structures, and Transportation Products.