Arcosa (NYSE:ACA) Hits New 1-Year High – Time to Buy?

Arcosa, Inc. (NYSE:ACA)’s share price reached a new 52-week high during mid-day trading on Friday. The company traded as high as $147.00 and last traded at $146.67, with a volume of 29208 shares changing hands. The stock had previously closed at $146.50.

Analyst Upgrades and Downgrades

ACA has been the topic of a number of recent analyst reports. Weiss Ratings raised shares of Arcosa from a “hold (c+)” rating to a “buy (b)” rating in a research note on Friday, August 21st. Zacks Research raised shares of Arcosa from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. Citigroup downgraded Arcosa to a “hold” rating in a report on Tuesday, June 23rd. Texas Capital lowered Arcosa from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Finally, Oppenheimer cut Arcosa from an “outperform” rating to a “market perform” rating in a report on Friday, June 26th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Arcosa has a consensus rating of “Hold” and a consensus target price of $141.25.

Arcosa Stock Performance

The stock has a market cap of $7.20 billion, a PE ratio of 14.69, a PEG ratio of 2.20 and a beta of 1.08. The stock has a fifty day simple moving average of $145.49 and a two-hundred day simple moving average of $132.46. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.31 and a current ratio of 3.12.

Arcosa (NYSE:ACA) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.05). Arcosa had a net margin of 17.90% and a return on equity of 7.90%. The firm had revenue of $658.70 million for the quarter, compared to analysts’ expectations of $687.50 million. During the same quarter in the prior year, the business earned $1.27 EPS. The company’s revenue for the quarter was down 10.6% on a year-over-year basis. Equities analysts anticipate that Arcosa, Inc. will post 4.16 EPS for the current fiscal year.

Arcosa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Thursday, October 15th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Thursday, October 15th. Arcosa’s dividend payout ratio (DPR) is presently 2.00%.

Hedge Funds Weigh In On Arcosa

A number of institutional investors have recently added to or reduced their stakes in the company. State of Wyoming purchased a new position in Arcosa in the 1st quarter valued at about $30,000. GHP Investment Advisors Inc. purchased a new stake in shares of Arcosa during the first quarter worth about $32,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Arcosa during the second quarter worth about $53,000. Integrated Wealth Concepts LLC acquired a new position in shares of Arcosa in the second quarter worth about $69,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Arcosa in the second quarter worth about $100,000. Institutional investors and hedge funds own 90.66% of the company’s stock.

Arcosa Company Profile

Arcosa, Inc (NYSE: ACA) is an infrastructure products company that manufactures and sells products used in construction, utility and energy infrastructure, and transportation markets. The company serves contractors, utilities, infrastructure developers, original equipment manufacturers, and other industrial customers.

Arcosa’s Construction Products segment provides aggregates and specialty materials, concrete products, drainage and related infrastructure products, and other solutions used in commercial, residential, transportation, and industrial construction.