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

Shares of Arcosa, Inc. (NYSE:ACA – Get Rating) have received a consensus recommendation of “Buy” from the ten research firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and eight have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $67.00.

Separately, Zacks Investment Research downgraded Arcosa from a “hold” rating to a “sell” rating in a research report on Tuesday, March 1st.

Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. grew its stake in Arcosa by 3.7% in the fourth quarter. BlackRock Inc. now owns 7,637,028 shares of the company’s stock valued at $402,469,000 after acquiring an additional 275,553 shares during the period. State Street Corp grew its stake in Arcosa by 10.4% in the fourth quarter. State Street Corp now owns 1,947,229 shares of the company’s stock valued at $102,619,000 after acquiring an additional 183,190 shares during the period. Royce & Associates LP grew its stake in Arcosa by 10.4% in the fourth quarter. Royce & Associates LP now owns 1,797,483 shares of the company’s stock valued at $94,727,000 after acquiring an additional 169,334 shares during the period. Capital World Investors grew its stake in Arcosa by 2.2% in the fourth quarter. Capital World Investors now owns 1,581,470 shares of the company’s stock valued at $83,343,000 after acquiring an additional 33,530 shares during the period. Finally, Victory Capital Management Inc. grew its stake in Arcosa by 14.7% in the third quarter. Victory Capital Management Inc. now owns 1,165,181 shares of the company’s stock valued at $58,457,000 after acquiring an additional 149,734 shares during the period. 89.19% of the stock is owned by institutional investors and hedge funds.

ACA stock opened at $54.24 on Friday. The company has a market cap of $2.62 billion, a P/E ratio of 37.93 and a beta of 0.41. Arcosa has a twelve month low of $43.42 and a twelve month high of $65.78. The company has a quick ratio of 1.22, a current ratio of 2.11 and a debt-to-equity ratio of 0.34. The business has a fifty day moving average of $54.69 and a 200-day moving average of $52.91.

Arcosa (NYSE:ACA – Get Rating) last released its earnings results on Wednesday, February 23rd. The company reported $0.40 earnings per share for the quarter. The company had revenue of $521.80 million during the quarter, compared to the consensus estimate of $498.33 million. Arcosa had a return on equity of 4.85% and a net margin of 3.42%. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.33 earnings per share. As a group, equities research analysts anticipate that Arcosa will post 1.75 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 29th. Investors of record on Thursday, April 14th will be paid a dividend of $0.05 per share. The ex-dividend date is Wednesday, April 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.37%. Arcosa’s dividend payout ratio (DPR) is presently 13.99%.

About Arcosa (Get Rating)

Arcosa, Inc, together with its subsidiaries, provides infrastructure-related products and solutions for the construction, energy, and transportation markets in North America. It operates through three segments: Construction Products, Engineered Structures, and Transportation Products. The Construction Products segment offers natural and recycled aggregates; specialty materials; and trench shields and shoring products for residential and non-residential construction, agriculture, specialty building products, as well as for infrastructure related projects.

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