Arcosa Inc (NYSE:ACA) Declares $0.05 Quarterly Dividend
Arcosa Inc (NYSE:ACA) announced a quarterly dividend on Thursday, September 5th, Zacks reports. Shareholders of record on Tuesday, October 15th will be given a dividend of 0.05 per share on Thursday, October 31st. This represents a $0.20 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date is Friday, October 11th.
Arcosa has a dividend payout ratio of 10.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Arcosa to earn $2.60 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 7.7%.
NYSE:ACA opened at $32.56 on Wednesday. Arcosa has a 1 year low of $21.00 and a 1 year high of $39.74. The firm has a 50 day moving average of $33.55 and a 200-day moving average of $34.10. The company has a current ratio of 3.07, a quick ratio of 1.63 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $1.61 billion and a P/E ratio of 17.89.
ACA has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Arcosa from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research note on Tuesday, October 1st. Sidoti initiated coverage on shares of Arcosa in a research note on Wednesday, September 18th. They issued a “buy” rating and a $47.00 target price for the company. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $40.29.
Arcosa, Inc manufactures and sells infrastructure-related products and services for the construction, energy, and transportation markets. It operates through three segments: Construction Products Group, Energy Equipment Group, and Transportation Products Group. The Construction Products Group segment offers lightweight and natural construction aggregates, and trench shields and shoring products that are used in construction landscape, including commercial, industrial, road and bridge, and underground construction.
Further Reading: Diversification
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