Arcosa, Inc. Declares Quarterly Dividend of $0.05 (NYSE:ACA)

Arcosa, Inc. (NYSE:ACA) announced a quarterly dividend on Thursday, September 12th, Zacks reports. Investors of record on Tuesday, October 15th will be paid a dividend of 0.05 per share on Thursday, October 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date of this dividend is Tuesday, October 15th.

Arcosa has a dividend payout ratio of 4.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Arcosa to earn $4.43 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 4.5%.

Arcosa Trading Up 4.1 %

Shares of Arcosa stock traded up $3.57 during trading on Friday, reaching $91.34. 213,000 shares of the company were exchanged, compared to its average volume of 238,576. Arcosa has a twelve month low of $61.98 and a twelve month high of $95.50. The company has a quick ratio of 1.36, a current ratio of 2.31 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $4.46 billion, a price-to-earnings ratio of 31.28 and a beta of 0.72. The business has a 50-day moving average price of $86.36 and a 200-day moving average price of $84.40.

Arcosa (NYSE:ACA) last posted its earnings results on Thursday, August 1st. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.08. Arcosa had a return on equity of 6.35% and a net margin of 6.05%. The firm had revenue of $664.70 million during the quarter, compared to analysts’ expectations of $661.54 million. During the same period in the previous year, the firm earned $0.76 earnings per share. The company’s revenue was up 13.7% on a year-over-year basis. Sell-side analysts anticipate that Arcosa will post 3.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. DA Davidson boosted their target price on Arcosa from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Stephens upgraded Arcosa from an “equal weight” rating to an “overweight” rating and set a $96.00 price objective for the company in a report on Wednesday, August 7th. Finally, Oppenheimer increased their price objective on Arcosa from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Monday, August 19th.

Insider Buying and Selling

In related news, insider Bryan Stevenson sold 4,000 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $83.78, for a total transaction of $335,120.00. Following the completion of the transaction, the insider now directly owns 35,333 shares of the company’s stock, valued at $2,960,198.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Steven J. Demetriou purchased 6,000 shares of Arcosa stock in a transaction that occurred on Thursday, September 12th. The stock was purchased at an average cost of $87.70 per share, with a total value of $526,200.00. Following the completion of the transaction, the director now owns 9,943 shares of the company’s stock, valued at approximately $872,001.10. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Bryan Stevenson sold 4,000 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $83.78, for a total value of $335,120.00. Following the transaction, the insider now directly owns 35,333 shares of the company’s stock, valued at $2,960,198.74. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

Arcosa Company Profile

Arcosa, Inc, together with its subsidiaries, provides infrastructure-related products and solutions for the construction, engineered structures, and transportation markets in the United States. It operates through three segments: Construction Products, Engineered Structures, and Transportation Products.