Arcosa (NYSE:ACA) Price Target Raised to $125.00

Arcosa (NYSE:ACA) had its price target raised by DA Davidson from $120.00 to $125.00 in a report issued on Monday,Benzinga reports. They currently have a buy rating on the stock.

Several other research analysts have also recently weighed in on the stock. Wall Street Zen cut shares of Arcosa from a “buy” rating to a “hold” rating in a report on Sunday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Arcosa in a research note on Monday, December 29th. Finally, Barclays increased their target price on Arcosa from $106.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday, November 3rd. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $120.00.

Arcosa Stock Performance

ACA stock opened at $112.63 on Monday. Arcosa has a 1-year low of $68.11 and a 1-year high of $131.00. The business’s 50-day moving average price is $116.29 and its two-hundred day moving average price is $105.08. The firm has a market cap of $5.52 billion, a PE ratio of 26.56, a P/E/G ratio of 1.46 and a beta of 1.01. The company has a current ratio of 2.20, a quick ratio of 1.35 and a debt-to-equity ratio of 0.57.

Arcosa (NYSE:ACA) last released its quarterly earnings data on Thursday, February 26th. The company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.20. Arcosa had a return on equity of 8.64% and a net margin of 7.23%.The business had revenue of $716.70 million for the quarter, compared to analysts’ expectations of $719.46 million. During the same quarter in the previous year, the business posted $0.46 EPS. Arcosa’s revenue for the quarter was up 7.6% on a year-over-year basis. As a group, research analysts forecast that Arcosa will post 3.23 earnings per share for the current year.

Arcosa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Wednesday, April 15th will be given a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a $0.20 annualized dividend and a yield of 0.2%. Arcosa’s dividend payout ratio (DPR) is presently 4.72%.

Institutional Trading of Arcosa

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC grew its holdings in Arcosa by 73.4% during the fourth quarter. Farther Finance Advisors LLC now owns 307 shares of the company’s stock worth $33,000 after buying an additional 130 shares in the last quarter. First Horizon Corp purchased a new position in Arcosa during the 3rd quarter worth $32,000. Salomon & Ludwin LLC bought a new stake in shares of Arcosa in the 3rd quarter worth $33,000. Bessemer Group Inc. raised its holdings in shares of Arcosa by 47.8% in the third quarter. Bessemer Group Inc. now owns 368 shares of the company’s stock valued at $35,000 after purchasing an additional 119 shares during the last quarter. Finally, Allworth Financial LP raised its holdings in shares of Arcosa by 392.5% in the fourth quarter. Allworth Financial LP now owns 394 shares of the company’s stock valued at $42,000 after purchasing an additional 314 shares during the last quarter. 90.66% of the stock is owned by institutional investors.

Arcosa Company Profile

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.