Arcosa, Inc. (NYSE:ACA) Receives Average Recommendation of “Hold” from Analysts

Shares of Arcosa, Inc. (NYSE:ACA) have received a consensus recommendation of “Hold” from the seven analysts that are presently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $138.3333.

Several research analysts have issued reports on the company. Weiss Ratings lowered Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Oppenheimer downgraded shares of Arcosa from an “outperform” rating to a “market perform” rating in a research note on Friday, June 26th. Zacks Research raised shares of Arcosa from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Citigroup cut shares of Arcosa to a “hold” rating in a research report on Tuesday, June 23rd. Finally, Texas Capital downgraded shares of Arcosa from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd.

Arcosa Trading Up 0.1%

Shares of ACA opened at $145.39 on Monday. The company has a current ratio of 2.32, a quick ratio of 1.60 and a debt-to-equity ratio of 0.57. The stock has a market cap of $7.14 billion, a PE ratio of 32.09, a PEG ratio of 2.14 and a beta of 1.04. Arcosa has a 1 year low of $81.91 and a 1 year high of $146.92. The stock has a 50 day simple moving average of $137.85 and a 200-day simple moving average of $123.73.

Arcosa (NYSE:ACA) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.51 EPS for the quarter, beating 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 business had revenue of $571.70 million for the quarter, compared to analyst estimates of $642.40 million. During the same quarter in the previous year, the firm earned $0.49 EPS. Arcosa’s quarterly revenue was up 5.0% on a year-over-year basis. On average, sell-side analysts predict that Arcosa will post 4.25 EPS for the current fiscal year.

Arcosa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Wednesday, July 15th. Arcosa’s dividend payout ratio is currently 4.42%.

Institutional Inflows and Outflows

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

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.