Arcosa (NYSE:ACA) Sets New 52-Week High – Still a Buy?

Arcosa, Inc. (NYSE:ACA) hit a new 52-week high on Monday . The company traded as high as $127.00 and last traded at $126.9010, with a volume of 19766 shares. The stock had previously closed at $124.74.

Analysts Set New Price Targets

ACA has been the subject of several recent research reports. Wall Street Zen downgraded Arcosa from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Barclays increased their price objective on Arcosa from $106.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday, November 3rd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Arcosa in a report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Arcosa has an average rating of “Moderate Buy” and a consensus price target of $117.50.

Arcosa Stock Performance

The company has a debt-to-equity ratio of 0.61, a current ratio of 2.02 and a quick ratio of 1.30. The company has a market capitalization of $6.20 billion, a P/E ratio of 41.87, a P/E/G ratio of 1.67 and a beta of 1.00. The business has a 50-day moving average of $111.57 and a 200-day moving average of $101.14.

Arcosa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Thursday, January 15th were issued a dividend of $0.05 per share. The ex-dividend date was Thursday, January 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. Arcosa’s dividend payout ratio is 6.62%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. First Horizon Corp acquired a new stake in shares of Arcosa in the third quarter valued at about $32,000. Salomon & Ludwin LLC purchased a new position in shares of Arcosa during the third quarter worth $33,000. Farther Finance Advisors LLC grew its position in Arcosa by 73.4% in the 4th quarter. Farther Finance Advisors LLC now owns 307 shares of the company’s stock valued at $33,000 after acquiring an additional 130 shares in the last quarter. Bessemer Group Inc. increased its stake in Arcosa by 47.8% during the 3rd quarter. Bessemer Group Inc. now owns 368 shares of the company’s stock worth $35,000 after buying an additional 119 shares during the period. Finally, Quarry LP increased its position in shares of Arcosa by 160.0% during the third quarter. Quarry LP now owns 403 shares of the company’s stock worth $38,000 after acquiring an additional 248 shares during the period. 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.