Arcosa (NYSE:ACA) Sees Unusually-High Trading Volume – What’s Next?

Arcosa, Inc. (NYSE:ACA) saw unusually-strong trading volume on Wednesday . Approximately 564,764 shares traded hands during trading, an increase of 62% from the previous session’s volume of 347,562 shares.The stock last traded at $144.4850 and had previously closed at $144.92.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Texas Capital cut Arcosa from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Barclays increased their price target on Arcosa from $115.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Zacks Research upgraded Arcosa from a “strong sell” rating to a “hold” rating in a research report on Monday. 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, DA Davidson boosted their price objective on shares of Arcosa from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $138.33.

Arcosa Trading Down 0.3%

The company’s 50 day simple moving average is $124.49 and its 200-day simple moving average is $116.70. The firm has a market cap of $7.09 billion, a P/E ratio of 31.90, a P/E/G ratio of 2.13 and a beta of 1.06. 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 released its earnings results on Thursday, April 30th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.38. Arcosa had a return on equity of 8.52% and a net margin of 7.88%.The firm had revenue of $571.70 million for the quarter, compared to analysts’ expectations of $642.40 million. During the same quarter in the prior year, the firm posted $0.49 earnings per share. The company’s quarterly revenue was up 5.0% on a year-over-year basis. As a group, research analysts predict that Arcosa, Inc. will post 4.25 earnings per share for the current fiscal year.

Arcosa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be paid a $0.05 dividend. The ex-dividend date is Wednesday, July 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.1%. Arcosa’s dividend payout ratio (DPR) is presently 4.42%.

Institutional Trading of Arcosa

A number of large investors have recently made changes to their positions in ACA. State of Wyoming purchased a new position in Arcosa in the 1st quarter worth about $30,000. GHP Investment Advisors Inc. purchased a new stake in Arcosa in the 1st quarter valued at about $32,000. Farther Finance Advisors LLC grew its stake in Arcosa by 73.4% in the 4th quarter. Farther Finance Advisors LLC now owns 307 shares of the company’s stock worth $33,000 after acquiring an additional 130 shares in the last quarter. Quarry LP increased its position in shares of Arcosa by 160.0% during the third 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 raised its stake in shares of Arcosa by 392.5% during the fourth quarter. Allworth Financial LP now owns 394 shares of the company’s stock valued at $42,000 after acquiring an additional 314 shares in the last quarter. 90.66% of the stock is owned by hedge funds and other institutional investors.

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.