Arcosa (NYSE:ACA) Reaches New 12-Month High – Still a Buy?

Arcosa, Inc. (NYSE:ACA) reached a new 52-week high on Tuesday . The company traded as high as $146.92 and last traded at $144.8490, with a volume of 4455238 shares traded. The stock had previously closed at $135.84.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Oppenheimer began coverage on Arcosa in a research note on Thursday, May 28th. They issued an “outperform” rating and a $150.00 target price for the company. DA Davidson boosted their price target 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. Weiss Ratings lowered shares of Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Texas Capital upgraded shares of Arcosa to a “strong-buy” rating in a research report on Friday, March 27th. Finally, Barclays lifted their target price on shares of Arcosa from $115.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Arcosa presently has an average rating of “Moderate Buy” and a consensus price target of $138.33.

Arcosa Stock Performance

The firm’s fifty day moving average is $123.83 and its 200-day moving average is $116.43. 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 capitalization of $7.11 billion, a PE ratio of 31.98, a price-to-earnings-growth ratio of 2.00 and a beta of 1.06.

Arcosa (NYSE:ACA) last announced its earnings results on Thursday, April 30th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.38. Arcosa had a net margin of 7.88% and a return on equity of 8.52%. The company had revenue of $571.70 million during the quarter, compared to analyst estimates of $642.40 million. During the same quarter last year, the firm posted $0.49 earnings per share. Arcosa’s revenue was up 5.0% compared to the same quarter last year. As a group, research analysts anticipate that Arcosa, Inc. will post 4.25 earnings per share for the current year.

Arcosa Announces Dividend

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

Institutional Trading of Arcosa

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