Arcosa (NYSE:ACA) Sets New 1-Year High – Time to Buy?

Shares of Arcosa, Inc. (NYSE:ACA) reached a new 52-week high on Tuesday . The stock traded as high as $131.21 and last traded at $131.1350, with a volume of 176212 shares trading hands. The stock had previously closed at $123.19.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Texas Capital upgraded Arcosa to a “strong-buy” rating in a report on Friday, March 27th. Zacks Research downgraded shares of Arcosa from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 28th. Wall Street Zen lowered Arcosa from a “buy” rating to a “hold” rating in a research note on Sunday, March 1st. DA Davidson boosted their price target on Arcosa from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Finally, Barclays boosted their price target on Arcosa from $115.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $132.50.

Arcosa Price Performance

The firm has a market cap of $6.44 billion, a PE ratio of 28.95, a price-to-earnings-growth ratio of 2.29 and a beta of 1.08. The company has a quick ratio of 1.60, a current ratio of 2.32 and a debt-to-equity ratio of 0.57. The stock has a 50 day moving average price of $111.65 and a two-hundred day moving average price of $109.50.

Arcosa (NYSE:ACA) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.51 earnings per share for the quarter, topping 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 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 earnings per share. The company’s revenue was up 5.0% on a year-over-year basis. As a group, equities analysts expect that Arcosa, Inc. will post 3.4 earnings per share for the current year.

Arcosa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Wednesday, April 15th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.2%. The ex-dividend date was Wednesday, April 15th. Arcosa’s dividend payout ratio is 4.42%.

Hedge Funds Weigh In On Arcosa

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Impax Asset Management Group plc raised its stake in Arcosa by 74.7% in the 3rd quarter. Impax Asset Management Group plc now owns 141,500 shares of the company’s stock valued at $13,260,000 after purchasing an additional 60,500 shares during the last quarter. Y Intercept Hong Kong Ltd grew its holdings in shares of Arcosa by 69.3% in the third quarter. Y Intercept Hong Kong Ltd now owns 22,037 shares of the company’s stock valued at $2,065,000 after purchasing an additional 9,023 shares during the period. Strs Ohio grew its holdings in shares of Arcosa by 17.0% in the third quarter. Strs Ohio now owns 75,600 shares of the company’s stock valued at $7,084,000 after purchasing an additional 11,000 shares during the period. Public Sector Pension Investment Board increased its position in shares of Arcosa by 15.0% during the 3rd quarter. Public Sector Pension Investment Board now owns 191,334 shares of the company’s stock worth $17,930,000 after purchasing an additional 24,892 shares during the last quarter. Finally, Fisher Asset Management LLC increased its position in shares of Arcosa by 23.3% during the 3rd quarter. Fisher Asset Management LLC now owns 112,106 shares of the company’s stock worth $10,505,000 after purchasing an additional 21,181 shares during the last quarter. 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.