Arcosa (NYSE:ACA) Hits New 12-Month High – Here’s Why

Arcosa, Inc. (NYSE:ACA)’s share price hit a new 52-week high on Wednesday . The company traded as high as $136.00 and last traded at $133.98, with a volume of 50139 shares changing hands. The stock had previously closed at $132.66.

Wall Street Analyst Weigh In

ACA has been the subject of a number of research analyst reports. Zacks Research downgraded shares of Arcosa from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 28th. Wall Street Zen raised Arcosa from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Barclays raised their price target on Arcosa from $115.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. DA Davidson boosted their price target on Arcosa from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Finally, Texas Capital upgraded shares of Arcosa to a “strong-buy” rating in a research report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $138.33.

Arcosa Price Performance

The firm has a 50 day moving average of $121.52 and a 200-day moving average of $115.55. The company has a current ratio of 2.32, a quick ratio of 1.60 and a debt-to-equity ratio of 0.57. The company has a market cap of $6.58 billion, a P/E ratio of 29.69, a P/E/G ratio of 1.89 and a beta of 1.06.

Arcosa (NYSE:ACA) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.38. The business 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 for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.49 EPS. On average, equities research analysts predict that Arcosa, Inc. will post 4.25 EPS for the current year.

Arcosa Dividend Announcement

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

Institutional Trading of Arcosa

Institutional investors and hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC boosted its holdings in shares of Arcosa by 20.6% during the 1st quarter. AQR Capital Management LLC now owns 8,326 shares of the company’s stock valued at $642,000 after purchasing an additional 1,423 shares during the last quarter. United Services Automobile Association bought a new position in Arcosa during the first quarter valued at approximately $256,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Arcosa by 11.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,244 shares of the company’s stock valued at $11,047,000 after buying an additional 14,723 shares during the last quarter. Jane Street Group LLC grew its holdings in Arcosa by 193.8% during the 1st quarter. Jane Street Group LLC now owns 105,243 shares of the company’s stock valued at $8,116,000 after buying an additional 69,427 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in Arcosa by 1.4% during the 2nd quarter. American Century Companies Inc. now owns 12,690 shares of the company’s stock valued at $1,100,000 after buying an additional 181 shares in the last quarter. 90.66% of the stock is currently owned by 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.