Arcosa, Inc. Plans Quarterly Dividend of $0.05 (NYSE:ACA)

Arcosa, Inc. (NYSE:ACA) announced a quarterly dividend on Tuesday, February 24th. Shareholders of record on Wednesday, April 15th will be paid a dividend of 0.05 per share on Thursday, April 30th. This represents a c) dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, April 15th.

Arcosa has a dividend payout ratio of 4.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Arcosa to earn $4.56 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 4.4%.

Arcosa Stock Performance

Shares of Arcosa stock traded up $1.60 during trading on Wednesday, hitting $126.52. 158,358 shares of the stock were exchanged, compared to its average volume of 213,578. Arcosa has a 1-year low of $68.11 and a 1-year high of $131.00. The company has a current ratio of 2.02, a quick ratio of 1.30 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $6.20 billion, a price-to-earnings ratio of 41.89, a price-to-earnings-growth ratio of 1.65 and a beta of 1.00. The company has a fifty day moving average price of $115.71 and a 200-day moving average price of $104.39.

Institutional Trading of Arcosa

Institutional investors and hedge funds have recently bought and sold shares of the business. Neuberger Berman Group LLC raised its holdings in shares of Arcosa by 1.6% during the second quarter. Neuberger Berman Group LLC now owns 3,172,694 shares of the company’s stock worth $275,153,000 after purchasing an additional 50,624 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Arcosa by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,322,901 shares of the company’s stock valued at $246,976,000 after acquiring an additional 13,059 shares in the last quarter. Capital International Investors boosted its position in Arcosa by 0.7% in the 4th quarter. Capital International Investors now owns 2,244,231 shares of the company’s stock worth $238,607,000 after purchasing an additional 15,956 shares in the last quarter. State Street Corp increased its holdings in shares of Arcosa by 1.9% during the 4th quarter. State Street Corp now owns 1,948,344 shares of the company’s stock valued at $207,148,000 after purchasing an additional 36,852 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its stake in shares of Arcosa by 25.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,707,884 shares of the company’s stock valued at $181,583,000 after purchasing an additional 342,242 shares during the period. 90.66% of the stock is currently owned by institutional investors and hedge funds.

About Arcosa

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.