Arcosa (NYSE:ACA) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of Arcosa (NYSE:ACA) from a strong sell rating to a hold rating in a research report sent to investors on Monday morning,Zacks.com reports.

Other analysts have also recently issued reports about the company. Citigroup cut Arcosa to a “hold” rating in a research report on Tuesday. Wall Street Zen upgraded Arcosa from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th. Oppenheimer started coverage on shares of Arcosa in a research note on Thursday, May 28th. They issued an “outperform” rating and a $150.00 price target on the stock. Weiss Ratings lowered shares of Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Finally, Texas Capital cut shares of Arcosa from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Arcosa currently has an average rating of “Hold” and a consensus target price of $138.33.

Arcosa Price Performance

NYSE:ACA opened at $144.99 on Monday. Arcosa has a 52 week low of $81.91 and a 52 week high of $146.92. The company has a quick ratio of 1.60, a current ratio of 2.32 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $7.12 billion, a PE ratio of 32.01, a price-to-earnings-growth ratio of 2.13 and a beta of 1.06. The stock’s 50-day moving average price is $124.49 and its 200-day moving average price is $116.70.

Arcosa (NYSE:ACA) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.38. The company had revenue of $571.70 million during the quarter, compared to analysts’ expectations of $642.40 million. Arcosa had a return on equity of 8.52% and a net margin of 7.88%.Arcosa’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.49 EPS. As a group, equities analysts expect that Arcosa will post 4.25 EPS for the current fiscal year.

Arcosa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.1%. Arcosa’s dividend payout ratio is presently 4.42%.

Institutional Trading of Arcosa

Institutional investors have recently made changes to their positions in the company. State of Wyoming purchased a new stake in shares of Arcosa during the first quarter worth approximately $30,000. GHP Investment Advisors Inc. acquired a new position in Arcosa in the 1st quarter valued at $32,000. Farther Finance Advisors LLC lifted its holdings 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 purchasing an additional 130 shares in the last quarter. Quarry LP lifted its holdings in Arcosa by 160.0% in the 3rd quarter. Quarry LP now owns 403 shares of the company’s stock valued at $38,000 after purchasing an additional 248 shares in the last quarter. Finally, Allworth Financial LP boosted its stake in Arcosa by 392.5% during the 4th quarter. Allworth Financial LP now owns 394 shares of the company’s stock worth $42,000 after purchasing an additional 314 shares during the last quarter. 90.66% of the stock is owned by institutional investors and hedge funds.

Arcosa News Roundup

Here are the key news stories impacting Arcosa this week:

• Positive Sentiment: CRH agreed to buy Arcosa, Inc. (ACA) for $150 per share in cash, giving shareholders a sizable premium and likely setting a near-term floor under the stock. CRH to Acquire Arcosa; Leading U.S. Provider of Aggregates and Critical Infrastructure Products for $8.5B
• Positive Sentiment: Market coverage highlighted Arcosa’s shares jumping on the takeover news, reflecting investor enthusiasm for the premium buyout price. Arcosa Stock Rises on $8.5 Billion Acquisition by CRH
• Positive Sentiment: The deal could benefit CRH by expanding its aggregates footprint and infrastructure exposure, which supports the strategic rationale for completing the transaction. Is CRH’s $8.5 Billion Arcosa Acquisition a Game Changer?
• Neutral Sentiment: Several law firms announced investigations into whether Arcosa’s board secured a fair price for shareholders, which could create legal headlines but does not change the announced deal terms yet.
• Neutral Sentiment: One commentary noted the stock looks overvalued after the rally, suggesting upside may be capped near the deal price if no higher bid emerges.

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.