Arcosa, Inc. (NYSE:ACA) Given Average Rating of “Moderate Buy” by Brokerages

Arcosa, Inc. (NYSE:ACA) has received a consensus rating of “Moderate Buy” from the five brokerages that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $115.00.

A number of research analysts recently commented on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Arcosa in a research report on Monday, December 29th. Zacks Research lowered Arcosa from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Barclays boosted their target price on Arcosa from $106.00 to $115.00 and gave the company an “overweight” rating in a report on Monday, November 3rd. Finally, Wall Street Zen downgraded Arcosa from a “buy” rating to a “hold” rating in a research note on Saturday.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ACA. GPS Wealth Strategies Group LLC raised its position in shares of Arcosa by 15.7% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 787 shares of the company’s stock worth $74,000 after purchasing an additional 107 shares during the last quarter. Bessemer Group Inc. raised its holdings in shares of Arcosa by 47.8% in the third quarter. Bessemer Group Inc. now owns 368 shares of the company’s stock worth $35,000 after acquiring an additional 119 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its position in shares of Arcosa by 0.6% in the third quarter. State of New Jersey Common Pension Fund D now owns 22,357 shares of the company’s stock valued at $2,095,000 after acquiring an additional 139 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Arcosa by 18.0% during the second quarter. Blue Trust Inc. now owns 939 shares of the company’s stock valued at $81,000 after acquiring an additional 143 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its position in Arcosa by 8.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,108 shares of the company’s stock worth $195,000 after purchasing an additional 156 shares in the last quarter. 90.66% of the stock is owned by hedge funds and other institutional investors.

Arcosa Price Performance

Shares of NYSE ACA opened at $111.30 on Friday. The stock’s 50-day simple moving average is $106.01 and its 200-day simple moving average is $97.37. The firm has a market capitalization of $5.46 billion, a PE ratio of 36.85, a price-to-earnings-growth ratio of 1.45 and a beta of 0.99. Arcosa has a fifty-two week low of $68.11 and a fifty-two week high of $113.25. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.30 and a current ratio of 2.02.

Arcosa (NYSE:ACA) last announced its quarterly earnings results on Wednesday, August 17th. The company reported $0.60 EPS for the quarter. Arcosa had a net margin of 5.25% and a return on equity of 7.46%. The company had revenue of $515.10 million for the quarter. As a group, equities research analysts forecast that Arcosa will post 3.23 EPS for the current fiscal year.

Arcosa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Thursday, January 15th will be given a $0.05 dividend. The ex-dividend date is Thursday, January 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. Arcosa’s payout ratio is currently 6.62%.

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.