Arcosa (NYSE:ACA) Reaches New 12-Month High on Analyst Upgrade

Arcosa, Inc. (NYSE:ACA)’s stock price reached a new 52-week high during mid-day trading on Tuesday after Zacks Research upgraded the stock from a strong sell rating to a hold rating. The stock traded as high as $146.92 and last traded at $144.8490, with a volume of 4455238 shares trading hands. The stock had previously closed at $135.84.

A number of other research analysts have also weighed in on the company. Citigroup lowered Arcosa to a “hold” rating in a report on Tuesday. DA Davidson upped their price objective on shares of Arcosa from $120.00 to $125.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Texas Capital cut shares of Arcosa from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Weiss Ratings lowered shares of Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Finally, Oppenheimer assumed coverage on shares of Arcosa in a research report on Thursday, May 28th. They set an “outperform” rating and a $150.00 price objective for the company. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $138.33.

Institutional Trading of Arcosa

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

Arcosa Stock Down 0.3%

The company has a debt-to-equity ratio of 0.57, a current ratio of 2.32 and a quick ratio of 1.60. The company has a market cap of $7.09 billion, a P/E ratio of 31.89, a PEG ratio of 2.13 and a beta of 1.06. The stock has a 50-day moving average of $125.10 and a 200 day moving average of $116.96.

Arcosa (NYSE:ACA) last posted its quarterly earnings data 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 analysts’ expectations of $642.40 million. Arcosa had a net margin of 7.88% and a return on equity of 8.52%. Arcosa’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.49 earnings per share. Research analysts anticipate that Arcosa, Inc. will post 4.25 earnings per share for the current year.

Arcosa Dividend Announcement

The company 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. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, July 15th. Arcosa’s dividend payout ratio is 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.