Arcosa, Inc. (NYSE:ACA) Given Consensus Rating of “Hold” by Brokerages

Shares of Arcosa, Inc. (NYSE:ACA) have earned an average rating of “Hold” from the seven research firms that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $141.25.

A number of equities analysts recently commented on ACA shares. Weiss Ratings upgraded Arcosa from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, August 21st. Citigroup cut Arcosa to a “hold” rating in a report on Tuesday, June 23rd. Zacks Research raised Arcosa from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. Texas Capital lowered Arcosa from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Finally, Stephens set a $150.00 price target on Arcosa in a report on Thursday, August 6th.

Hedge Funds Weigh In On Arcosa

Hedge funds have recently made changes to their positions in the stock. State of Wyoming purchased a new position in shares of Arcosa in the first quarter valued at approximately $30,000. GHP Investment Advisors Inc. purchased a new stake in Arcosa during the 1st quarter worth approximately $32,000. Farther Finance Advisors LLC increased its stake in Arcosa by 73.4% during the 4th quarter. Farther Finance Advisors LLC now owns 307 shares of the company’s stock worth $33,000 after buying an additional 130 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new stake in Arcosa during the 2nd quarter worth approximately $53,000. Finally, Allworth Financial LP lifted its holdings in Arcosa by 392.5% during the 4th quarter. Allworth Financial LP now owns 394 shares of the company’s stock worth $42,000 after buying an additional 314 shares in the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Arcosa Stock Performance

ACA opened at $145.50 on Friday. Arcosa has a twelve month low of $89.03 and a twelve month high of $146.92. The firm has a market capitalization of $7.15 billion, a PE ratio of 14.58, a PEG ratio of 2.19 and a beta of 1.07. The company has a current ratio of 3.12, a quick ratio of 2.31 and a debt-to-equity ratio of 0.48. The firm’s 50-day moving average price is $145.12 and its 200 day moving average price is $128.31.

Arcosa (NYSE:ACA) last released its earnings results on Wednesday, August 5th. The company reported $1.13 earnings per share for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.05). The business had revenue of $658.70 million during the quarter, compared to analysts’ expectations of $687.50 million. Arcosa had a return on equity of 7.90% and a net margin of 17.90%.The company’s revenue for the quarter was down 10.6% compared to the same quarter last year. During the same period last year, the business earned $1.27 earnings per share. As a group, sell-side analysts expect that Arcosa will post 4.16 EPS for the current fiscal year.

Arcosa Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Thursday, October 15th. Arcosa’s dividend payout ratio is 2.00%.

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.