Arcosa, Inc. (NYSE:ACA) Stock Now Rated “Hold” by Wall Street Brokerages

Shares of Arcosa, Inc. (NYSE:ACA) have received an average rating of “Hold” from the seven ratings firms that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $141.25.

Several equities research analysts have recently commented on ACA shares. Zacks Research raised Arcosa from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. Oppenheimer lowered Arcosa from an “outperform” rating to a “market perform” rating in a research report on Friday, June 26th. Citigroup cut Arcosa to a “hold” rating in a report on Tuesday, June 23rd. Texas Capital lowered shares of Arcosa from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Finally, Weiss Ratings raised shares of Arcosa from a “hold (c+)” rating to a “buy (b)” rating in a research note on Friday, August 21st.

Arcosa Stock Up 0.1%

Shares of NYSE ACA opened at $146.64 on Tuesday. Arcosa has a 12-month low of $89.03 and a 12-month high of $146.92. The firm’s 50-day simple moving average is $145.38 and its 200 day simple moving average is $131.22. The company has a quick ratio of 2.31, a current ratio of 3.12 and a debt-to-equity ratio of 0.48. The company has a market cap of $7.20 billion, a price-to-earnings ratio of 14.69, a price-to-earnings-growth ratio of 2.20 and a beta of 1.07.

Arcosa (NYSE:ACA) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.13 earnings per share for the quarter, missing the consensus estimate of $1.18 by ($0.05). The company had revenue of $658.70 million during the quarter, compared to analyst estimates of $687.50 million. Arcosa had a net margin of 17.90% and a return on equity of 7.90%. The company’s revenue was down 10.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.27 EPS. On average, research analysts expect that Arcosa will post 4.16 earnings per share for the current fiscal year.

Arcosa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, October 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.1%. Arcosa’s payout ratio is presently 2.00%.

Institutional Investors Weigh In On Arcosa

A number of institutional investors have recently made changes to their positions in the stock. State of Wyoming bought a new position in Arcosa during the first quarter worth about $30,000. GHP Investment Advisors Inc. bought a new stake in shares of Arcosa in the 1st quarter valued at about $32,000. Allworth Financial LP raised its position in shares of Arcosa by 392.5% in the 4th quarter. Allworth Financial LP now owns 394 shares of the company’s stock valued at $42,000 after acquiring an additional 314 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Arcosa in the 2nd quarter valued at approximately $53,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Arcosa during the 4th quarter worth approximately $62,000. 90.66% of the stock is owned by institutional investors and hedge funds.

Arcosa Company Profile

Arcosa, Inc (NYSE: ACA) is an infrastructure-related products and solutions company headquartered in Dallas, Texas. The company serves customers in the construction, utility, transportation and industrial markets, with operations primarily in the United States and a presence in selected international markets.

Arcosa operates through businesses that provide construction products, engineered structures and transportation products. Its offerings include aggregates and other construction materials, concrete and drainage products, utility and communication structures, wind towers, traffic structures, inland barges and rail transportation components.