Arcosa, Inc. (NYSE:ACA) Receives $120.00 Consensus Price Target from Brokerages

Arcosa, Inc. (NYSE:ACA) has been given a consensus recommendation of “Buy” by the five brokerages that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $120.00.

A number of equities research analysts have weighed in on the company. DA Davidson upped their target price on Arcosa from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Weiss Ratings raised Arcosa from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, March 17th. Wall Street Zen lowered Arcosa from a “buy” rating to a “hold” rating in a report on Sunday, March 1st. Finally, Texas Capital raised Arcosa to a “strong-buy” rating in a research note on Friday, March 27th.

Arcosa Stock Performance

ACA stock opened at $107.86 on Tuesday. The company has a 50-day simple moving average of $114.30 and a 200 day simple moving average of $106.32. The company has a market capitalization of $5.30 billion, a P/E ratio of 25.44, a PEG ratio of 1.42 and a beta of 0.96. The company has a quick ratio of 1.35, a current ratio of 2.20 and a debt-to-equity ratio of 0.57. Arcosa has a fifty-two week low of $68.11 and a fifty-two week high of $131.00.

Arcosa (NYSE:ACA) last posted its quarterly earnings data on Thursday, February 26th. The company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.20. Arcosa had a net margin of 7.23% and a return on equity of 8.64%. The business had revenue of $716.70 million during the quarter, compared to analysts’ expectations of $719.46 million. During the same period last year, the firm posted $0.46 earnings per share. The business’s revenue was up 7.6% on a year-over-year basis. Sell-side analysts predict that Arcosa will post 3.23 earnings per share for the current fiscal year.

Arcosa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Wednesday, April 15th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Wednesday, April 15th. Arcosa’s payout ratio is presently 4.72%.

Institutional Trading of Arcosa

Large investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. boosted its stake in shares of Arcosa by 1.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,178 shares of the company’s stock worth $551,000 after acquiring an additional 92 shares in the last quarter. CWM LLC raised its position in shares of Arcosa by 11.5% during the fourth quarter. CWM LLC now owns 923 shares of the company’s stock worth $98,000 after purchasing an additional 95 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in shares of Arcosa by 0.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 11,189 shares of the company’s stock valued at $1,190,000 after purchasing an additional 100 shares during the last quarter. GPS Wealth Strategies Group LLC lifted its holdings in shares of Arcosa by 15.7% during the third quarter. GPS Wealth Strategies Group LLC now owns 787 shares of the company’s stock valued at $74,000 after purchasing an additional 107 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of Arcosa by 0.3% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 40,083 shares of the company’s stock valued at $4,281,000 after purchasing an additional 107 shares during the period. 90.66% of the stock is currently owned by institutional investors.

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.