Brokerages Set Arcosa, Inc. (NYSE:ACA) Target Price at $120.00

Arcosa, Inc. (NYSE:ACA) has been assigned a consensus recommendation of “Moderate Buy” from the five research firms that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $120.00.

ACA has been the subject of several research reports. Wall Street Zen downgraded shares of Arcosa from a “buy” rating to a “hold” rating in a research report on Sunday, March 1st. Texas Capital upgraded shares of Arcosa to a “strong-buy” rating in a research report on Friday, March 27th. Weiss Ratings downgraded shares of Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, April 9th. Finally, DA Davidson upped their price target on shares of Arcosa from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Monday, March 2nd.

Arcosa Trading Up 0.8%

Shares of Arcosa stock opened at $120.43 on Friday. The company has a fifty day simple moving average of $111.89 and a 200-day simple moving average of $108.88. Arcosa has a 12-month low of $77.89 and a 12-month high of $131.00. The company has a current ratio of 2.20, a quick ratio of 1.35 and a debt-to-equity ratio of 0.57. The stock has a market cap of $5.91 billion, a price-to-earnings ratio of 28.40, a PEG ratio of 1.57 and a beta of 0.96.

Arcosa (NYSE:ACA) last issued its earnings results 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 quarter in the prior year, the business posted $0.46 EPS. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, equities analysts forecast that Arcosa will post 4.77 EPS for the current fiscal year.

Arcosa Dividend Announcement

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

Institutional Trading of Arcosa

Several institutional investors and hedge funds have recently bought and sold shares of the business. Impax Asset Management Group plc raised its position in Arcosa by 74.7% during the 3rd quarter. Impax Asset Management Group plc now owns 141,500 shares of the company’s stock worth $13,260,000 after buying an additional 60,500 shares during the last quarter. Y Intercept Hong Kong Ltd raised its position in Arcosa by 69.3% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 22,037 shares of the company’s stock worth $2,065,000 after buying an additional 9,023 shares during the last quarter. Strs Ohio raised its position in Arcosa by 17.0% during the 3rd quarter. Strs Ohio now owns 75,600 shares of the company’s stock worth $7,084,000 after buying an additional 11,000 shares during the last quarter. Public Sector Pension Investment Board raised its position in Arcosa by 15.0% during the 3rd quarter. Public Sector Pension Investment Board now owns 191,334 shares of the company’s stock worth $17,930,000 after buying an additional 24,892 shares during the last quarter. Finally, Fisher Asset Management LLC raised its position in Arcosa by 23.3% during the 3rd quarter. Fisher Asset Management LLC now owns 112,106 shares of the company’s stock worth $10,505,000 after buying an additional 21,181 shares during the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.

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.