Arcosa, Inc. (ACA) – What Are Brokerages Thinking About This Stock?

Shares of Arcosa, Inc. (NYSE:ACA) have received an average rating of “Hold” from the seven brokerages that are currently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $141.25.

A number of equities research analysts have commented on ACA shares. Weiss Ratings upgraded Arcosa from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, October 12th. Stephens set a $150.00 price target on Arcosa in a report on Thursday, August 6th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Castleark Management LLC raised its stake in shares of Arcosa by 53.9% in the 1st quarter. Castleark Management LLC now owns 74,650 shares of the company’s stock valued at $7,923,000 after acquiring an additional 26,150 shares during the period. Pentwater Capital Management LP acquired a new position in shares of Arcosa in the 2nd quarter worth approximately $95,891,000. Bank of America Corp DE acquired a new position in shares of Arcosa in the 2nd quarter worth approximately $38,552,000. Deutsche Bank AG purchased a new position in shares of Arcosa during the 2nd quarter worth approximately $9,137,000. Finally, Corient Private Wealth LP boosted its position in shares of Arcosa by 284.9% during the 2nd quarter. Corient Private Wealth LP now owns 11,111 shares of the company’s stock worth $1,614,000 after purchasing an additional 8,224 shares during the period. Institutional investors and hedge funds own 90.66% of the company’s stock.

Arcosa Trading Up 0.0%

Shares of Arcosa stock opened at $149.21 on Wednesday. The firm has a market capitalization of $7.33 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 2.24 and a beta of 1.08. Arcosa has a fifty-two week low of $91.40 and a fifty-two week high of $149.50. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.31 and a current ratio of 3.12. The stock has a 50 day moving average of $147.13 and a 200 day moving average of $132.11.

Arcosa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Thursday, October 15th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.1%. The ex-dividend date was Thursday, October 15th. Arcosa’s payout ratio is 2.00%.

Arcosa Company Profile

Arcosa, Inc. is a North American provider of products and materials used in infrastructure, construction, energy and transportation markets. The company became an independent public company in 2018 after being spun off from Trinity Industries. Its businesses include construction materials such as natural and recycled aggregates and specialty materials, as well as engineered structures for electric utilities, telecommunications and wind energy. Arcosa also makes products for transportation and infrastructure applications.