Brookstone Capital Management Takes $219,000 Position in AECOM $ACM

Brookstone Capital Management bought a new stake in AECOM (NYSE:ACM) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,943 shares of the construction company’s stock, valued at approximately $219,000.

Several other hedge funds also recently made changes to their positions in the business. Nuveen LLC bought a new stake in shares of AECOM during the 1st quarter valued at $78,900,000. The Manufacturers Life Insurance Company grew its position in AECOM by 421.9% during the 1st quarter. The Manufacturers Life Insurance Company now owns 936,273 shares of the construction company’s stock worth $86,821,000 after acquiring an additional 756,859 shares during the last quarter. Northern Trust Corp raised its holdings in AECOM by 33.2% in the 1st quarter. Northern Trust Corp now owns 2,218,412 shares of the construction company’s stock valued at $205,713,000 after buying an additional 553,519 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of AECOM during the second quarter worth $414,000. Finally, Nordea Investment Management AB increased its stake in shares of AECOM by 65.0% in the second quarter. Nordea Investment Management AB now owns 717,270 shares of the construction company’s stock valued at $80,506,000 after buying an additional 282,649 shares during the period. 85.41% of the stock is owned by institutional investors.

AECOM Stock Performance

NYSE:ACM opened at $132.23 on Wednesday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.17 and a current ratio of 1.17. AECOM has a 52-week low of $85.00 and a 52-week high of $134.88. The firm has a market cap of $17.51 billion, a price-to-earnings ratio of 28.81, a PEG ratio of 1.95 and a beta of 1.03. The business’s fifty day moving average is $128.69 and its 200 day moving average is $116.17.

AECOM (NYSE:ACM) last issued its earnings results on Monday, August 4th. The construction company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.25 by $0.09. AECOM had a return on equity of 27.87% and a net margin of 3.82%.The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $4.33 billion. During the same quarter last year, the company earned $1.16 EPS. The firm’s revenue was up 6.2% compared to the same quarter last year. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. Research analysts predict that AECOM will post 5.1 EPS for the current year.

AECOM Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Wednesday, October 1st were issued a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. AECOM’s dividend payout ratio (DPR) is presently 22.66%.

Insider Buying and Selling

In other news, CEO Troy Rudd sold 53,097 shares of the stock in a transaction on Friday, August 15th. The shares were sold at an average price of $119.56, for a total value of $6,348,277.32. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.41% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have weighed in on the company. National Bank Financial started coverage on AECOM in a report on Wednesday, October 8th. They set an “outperform” rating and a $151.00 price target for the company. Citigroup upped their target price on AECOM from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, October 20th. Wall Street Zen downgraded AECOM from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Truist Financial boosted their price target on shares of AECOM from $128.00 to $146.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Finally, KeyCorp lifted their target price on AECOM from $131.00 to $144.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Eleven research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $137.30.

AECOM Profile

AECOM, together with its subsidiaries, provides professional infrastructure consulting services worldwide. It operates in three segments: Americas, International, and AECOM Capital. The company offers planning, consulting, architectural and engineering design, construction and program management, and investment and development services to public and private clients.