Arcosa’s (ACA) Hold (C) Rating Reiterated at Weiss Ratings

Weiss Ratings restated their hold (c) rating on shares of Arcosa (NYSE:ACA) in a research note released on Wednesday,Weiss Ratings reports.

Separately, DA Davidson increased their target price on shares of Arcosa from $110.00 to $120.00 and gave the company a “buy” rating in a report on Monday, August 11th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Arcosa has an average rating of “Moderate Buy” and a consensus price target of $112.00.

Arcosa Trading Down 2.1%

Shares of Arcosa stock opened at $89.19 on Wednesday. Arcosa has a 12-month low of $68.11 and a 12-month high of $113.43. The company has a current ratio of 2.12, a quick ratio of 1.35 and a debt-to-equity ratio of 0.67. The stock has a market cap of $4.37 billion, a PE ratio of 47.44 and a beta of 0.98. The company has a 50-day moving average of $94.70 and a two-hundred day moving average of $88.11.

Arcosa (NYSE:ACA) last issued its earnings results on Wednesday, August 17th. The company reported $0.60 earnings per share (EPS) for the quarter. Arcosa had a net margin of 3.45% and a return on equity of 6.25%. The company had revenue of $515.10 million during the quarter. On average, research analysts anticipate that Arcosa will post 3.23 EPS for the current fiscal year.

Arcosa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Wednesday, October 15th will be given a dividend of $0.05 per share. The ex-dividend date is Wednesday, October 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.2%. Arcosa’s dividend payout ratio (DPR) is 10.64%.

Insider Buying and Selling

In related news, insider Bryan Stevenson sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $99.02, for a total transaction of $396,080.00. Following the sale, the insider owned 38,089 shares in the company, valued at approximately $3,771,572.78. This trade represents a 9.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kerry S. Cole sold 7,966 shares of the firm’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $95.77, for a total transaction of $762,903.82. Following the sale, the insider owned 19,769 shares in the company, valued at approximately $1,893,277.13. This trade represents a 28.72% decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Arcosa

A number of hedge funds have recently made changes to their positions in the stock. Farmers Trust Co. acquired a new position in shares of Arcosa in the 3rd quarter valued at $501,000. Corient Private Wealth LLC acquired a new position in shares of Arcosa in the 2nd quarter valued at $244,000. Thrivent Financial for Lutherans boosted its holdings in shares of Arcosa by 10.5% in the 2nd quarter. Thrivent Financial for Lutherans now owns 103,725 shares of the company’s stock valued at $8,994,000 after purchasing an additional 9,843 shares during the last quarter. Public Sector Pension Investment Board boosted its holdings in shares of Arcosa by 7.6% in the 2nd quarter. Public Sector Pension Investment Board now owns 166,442 shares of the company’s stock valued at $14,432,000 after purchasing an additional 11,717 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Arcosa by 127.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,956 shares of the company’s stock valued at $603,000 after purchasing an additional 3,895 shares during the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

About Arcosa

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.