Analysts Set Arcosa, Inc. (NYSE:ACA) PT at $120.00

Arcosa, Inc. (NYSE:ACA) has earned a consensus recommendation of “Buy” from the five ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $120.00.

ACA has been the subject of several research reports. Wall Street Zen cut shares of Arcosa from a “buy” rating to a “hold” rating in a report on Sunday, March 1st. Texas Capital upgraded shares of Arcosa to a “strong-buy” rating in a research note on Friday, March 27th. Weiss Ratings upgraded shares of Arcosa from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, March 17th. Finally, DA Davidson boosted their price target on shares of Arcosa from $120.00 to $125.00 and gave the company a “buy” rating in a report on Monday, March 2nd.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of ACA. Fisher Asset Management LLC acquired a new position in Arcosa in the second quarter worth approximately $7,884,000. Impax Asset Management Group plc raised its position in Arcosa by 74.7% during the third quarter. Impax Asset Management Group plc now owns 141,500 shares of the company’s stock valued at $13,260,000 after acquiring an additional 60,500 shares in the last quarter. First Trust Advisors LP lifted its stake in Arcosa by 29.0% in the second quarter. First Trust Advisors LP now owns 617,265 shares of the company’s stock valued at $53,523,000 after acquiring an additional 138,676 shares during the last quarter. Y Intercept Hong Kong Ltd lifted its stake in Arcosa by 69.3% in the third quarter. Y Intercept Hong Kong Ltd now owns 22,037 shares of the company’s stock valued at $2,065,000 after acquiring an additional 9,023 shares during the last quarter. Finally, Strs Ohio grew its position in Arcosa by 17.0% in the third quarter. Strs Ohio now owns 75,600 shares of the company’s stock worth $7,084,000 after acquiring an additional 11,000 shares in the last quarter. 90.66% of the stock is owned by institutional investors and hedge funds.

Arcosa Stock Up 0.1%

NYSE:ACA opened at $107.86 on Tuesday. The business’s fifty day moving average price is $114.19 and its 200 day moving average price is $106.50. The firm has a market capitalization of $5.30 billion, a price-to-earnings ratio of 25.44, a PEG ratio of 1.41 and a beta of 0.96. 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 has a 1-year low of $68.11 and a 1-year high of $131.00.

Arcosa (NYSE:ACA) last announced its quarterly earnings data on Thursday, February 26th. The company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.20. Arcosa had a return on equity of 8.64% and a net margin of 7.23%.The firm had revenue of $716.70 million during the quarter, compared to analyst estimates of $719.46 million. During the same period last year, the company posted $0.46 EPS. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, sell-side analysts forecast that Arcosa will post 3.23 earnings per share for the current fiscal year.

Arcosa Announces Dividend

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

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.