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

Shares of Arcosa, Inc. (NYSE:ACA) have been given a consensus recommendation of “Hold” by the seven research firms that are currently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $138.3333.

Several research firms recently commented on ACA. Texas Capital cut shares of Arcosa from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Citigroup lowered shares of Arcosa to a “hold” rating in a research report on Tuesday, June 23rd. Zacks Research upgraded shares of Arcosa from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Weiss Ratings lowered shares of Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Finally, Barclays increased their target price on shares of Arcosa from $115.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, May 4th.

Arcosa Price Performance

Shares of NYSE:ACA opened at $144.81 on Thursday. The business has a 50 day moving average price of $132.97 and a 200 day moving average price of $120.64. Arcosa has a twelve month low of $81.91 and a twelve month high of $146.92. The company has a market cap of $7.11 billion, a price-to-earnings ratio of 31.97, a PEG ratio of 2.13 and a beta of 1.04. The company has a quick ratio of 1.60, a current ratio of 2.32 and a debt-to-equity ratio of 0.57.

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

Arcosa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be given a $0.05 dividend. 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 (DPR) is currently 4.42%.

Institutional Trading of Arcosa

Several institutional investors have recently modified their holdings of the company. State of Wyoming bought a new position in Arcosa in the first quarter worth $30,000. GHP Investment Advisors Inc. bought a new stake in Arcosa in the 1st quarter valued at $32,000. Farther Finance Advisors LLC raised its stake in shares of Arcosa by 73.4% in the 4th quarter. Farther Finance Advisors LLC now owns 307 shares of the company’s stock valued at $33,000 after buying an additional 130 shares in the last quarter. Quarry LP lifted its holdings in shares of Arcosa by 160.0% during the 3rd quarter. Quarry LP now owns 403 shares of the company’s stock worth $38,000 after acquiring an additional 248 shares during the period. Finally, Allworth Financial LP lifted its holdings in shares of Arcosa by 392.5% during the 4th quarter. Allworth Financial LP now owns 394 shares of the company’s stock worth $42,000 after acquiring an additional 314 shares during the period. Institutional investors and hedge funds own 90.66% of the company’s stock.

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.