Brokerages Set Arcosa, Inc. (NYSE:ACA) PT at $138.33

Arcosa, Inc. (NYSE:ACA) has been assigned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $138.3333.

A number of brokerages have recently weighed in on ACA. Oppenheimer began coverage on Arcosa in a report on Thursday, May 28th. They set an “outperform” rating and a $150.00 price target on the stock. Wall Street Zen upgraded Arcosa from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Weiss Ratings downgraded Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Barclays lifted their price target on Arcosa from $115.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Finally, Zacks Research downgraded Arcosa from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 28th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ACA. PNC Financial Services Group Inc. boosted its position in shares of Arcosa by 1.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,268 shares of the company’s stock worth $559,000 after purchasing an additional 90 shares during the last quarter. CWM LLC boosted its position in shares of Arcosa by 11.5% in the 4th quarter. CWM LLC now owns 923 shares of the company’s stock worth $98,000 after purchasing an additional 95 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of Arcosa by 0.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 11,189 shares of the company’s stock worth $1,190,000 after purchasing an additional 100 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of Arcosa by 0.3% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 40,083 shares of the company’s stock worth $4,281,000 after purchasing an additional 107 shares during the last quarter. Finally, Menard Financial Group LLC boosted its position in shares of Arcosa by 1.9% in the 4th quarter. Menard Financial Group LLC now owns 6,275 shares of the company’s stock worth $667,000 after purchasing an additional 117 shares during the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Arcosa Stock Down 0.1%

Shares of Arcosa stock opened at $135.76 on Friday. Arcosa has a 12-month low of $81.91 and a 12-month high of $137.76. The company has a quick ratio of 1.60, a current ratio of 2.32 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $6.67 billion, a PE ratio of 29.97, a price-to-earnings-growth ratio of 2.00 and a beta of 1.06. The stock’s fifty day moving average is $123.18 and its 200-day moving average is $116.08.

Arcosa (NYSE:ACA) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.38. Arcosa had a return on equity of 8.52% and a net margin of 7.88%.The business had revenue of $571.70 million for the quarter, compared to the consensus estimate of $642.40 million. During the same quarter in the previous year, the company posted $0.49 earnings per share. Arcosa’s revenue for the quarter was up 5.0% compared to the same quarter last year. Equities analysts anticipate that Arcosa will post 4.25 earnings per share for the current year.

Arcosa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be issued 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 payout ratio is currently 4.42%.

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.