Arcosa (NYSE:ACA) Reaches New 12-Month High Following Analyst Upgrade

Arcosa, Inc. (NYSE:ACA) shares hit a new 52-week high on Tuesday after Zacks Research upgraded the stock from a strong sell rating to a hold rating. The company traded as high as $146.92 and last traded at $144.8490, with a volume of 4455238 shares trading hands. The stock had previously closed at $135.84.

Several other brokerages have also recently weighed in on ACA. Barclays increased their target price on Arcosa from $115.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Wall Street Zen upgraded Arcosa from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. DA Davidson boosted their target price on shares of Arcosa from $120.00 to $125.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Oppenheimer assumed coverage on shares of Arcosa in a research report on Thursday, May 28th. They issued an “outperform” rating and a $150.00 target price on the stock. Finally, Citigroup lowered shares of Arcosa to a “hold” rating in a research note on Tuesday. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $138.33.

Institutional Investors Weigh In On Arcosa

Hedge funds have recently added to or reduced their stakes in the stock. State of Wyoming bought a new position in shares of Arcosa during the first quarter valued at $30,000. GHP Investment Advisors Inc. bought a new position in Arcosa in the 1st quarter worth about $32,000. Farther Finance Advisors LLC grew its position in Arcosa by 73.4% during 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 during the last quarter. Allworth Financial LP grew its position in Arcosa by 392.5% during the 4th quarter. Allworth Financial LP now owns 394 shares of the company’s stock valued at $42,000 after purchasing an additional 314 shares during the last quarter. Finally, Quarry LP increased its stake in Arcosa by 160.0% during 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. 90.66% of the stock is owned by institutional investors.

Arcosa Stock Performance

The company has a current ratio of 2.32, a quick ratio of 1.60 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $7.09 billion, a P/E ratio of 31.89, a price-to-earnings-growth ratio of 2.13 and a beta of 1.06. The business’s 50 day simple moving average is $125.10 and its two-hundred day simple moving average is $116.96.

Arcosa (NYSE:ACA) last issued its earnings results on Thursday, April 30th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.38. The firm had revenue of $571.70 million for the quarter, compared to the consensus estimate of $642.40 million. Arcosa had a net margin of 7.88% and a return on equity of 8.52%. The business’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.49 earnings per share. Sell-side analysts anticipate that Arcosa, Inc. will post 4.25 EPS for the current fiscal year.

Arcosa Dividend Announcement

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

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.