Arcosa, Inc. (NYSE:ACA) Given Average Recommendation of “Hold” by Brokerages

Arcosa, Inc. (NYSE:ACA) has been assigned an average recommendation of “Hold” from the seven brokerages that are covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $138.3333.

Several equities analysts have commented on the company. Barclays upped their price target on Arcosa from $115.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Citigroup cut shares of Arcosa to a “hold” rating in a research note on Tuesday, June 23rd. Oppenheimer downgraded shares of Arcosa from an “outperform” rating to a “market perform” rating in a report on Friday, June 26th. Texas Capital lowered shares of Arcosa from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Finally, Zacks Research raised shares of Arcosa from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd.

Arcosa Trading Up 0.4%

Shares of NYSE:ACA opened at $145.28 on Thursday. Arcosa has a 1 year low of $81.91 and a 1 year high of $146.92. 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 fifty day moving average price of $130.93 and a 200 day moving average price of $119.45. The stock has a market capitalization of $7.13 billion, a PE ratio of 32.07, a P/E/G ratio of 2.13 and a beta of 1.04.

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

Arcosa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Wednesday, July 15th. Arcosa’s dividend payout ratio is currently 4.42%.

Hedge Funds Weigh In On Arcosa

Several hedge funds and other institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. grew its position in Arcosa by 1.7% in the first quarter. PNC Financial Services Group Inc. now owns 5,268 shares of the company’s stock valued at $559,000 after acquiring an additional 90 shares during the period. CWM LLC lifted its holdings in shares of Arcosa by 11.5% during the fourth quarter. CWM LLC now owns 923 shares of the company’s stock valued at $98,000 after acquiring an additional 95 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in shares of Arcosa by 0.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 11,189 shares of the company’s stock valued at $1,190,000 after purchasing an additional 100 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of Arcosa by 0.3% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 40,083 shares of the company’s stock valued at $4,281,000 after purchasing an additional 107 shares in the last quarter. Finally, Menard Financial Group LLC grew its holdings in shares of Arcosa by 1.9% in the 4th quarter. Menard Financial Group LLC now owns 6,275 shares of the company’s stock worth $667,000 after purchasing an additional 117 shares during the last quarter. Institutional investors own 90.66% of the company’s stock.

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.