Arcosa, Inc. (NYSE:ACA) Stock Has Average Price Target of $141.25 According to Brokerages

Shares of Arcosa, Inc. (NYSE:ACA) have been assigned an average rating of “Hold” from the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $141.25.

Several brokerages recently issued reports on ACA. Weiss Ratings raised shares of Arcosa from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, October 12th. Stephens set a $150.00 target price on Arcosa in a report on Thursday, August 6th.

Institutional Trading of Arcosa

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in shares of Arcosa in the 2nd quarter worth $1,222,486,000. Pentwater Capital Management LP purchased a new stake in shares of Arcosa in the second quarter valued at about $95,891,000. First Trust Advisors LP grew its holdings in shares of Arcosa by 29.1% in the first quarter. First Trust Advisors LP now owns 530,455 shares of the company’s stock valued at $56,302,000 after purchasing an additional 119,687 shares during the period. Bank of New York Mellon Corp acquired a new stake in Arcosa during the second quarter worth about $50,804,000. Finally, Punch & Associates Investment Management Inc. acquired a new stake in Arcosa during the second quarter worth about $50,494,000. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

Arcosa Price Performance

Shares of NYSE ACA opened at $149.21 on Wednesday. The firm has a 50-day simple moving average of $147.13 and a 200-day simple moving average of $132.11. The stock has a market capitalization of $7.33 billion, a price-to-earnings ratio of 14.95, a price-to-earnings-growth ratio of 2.24 and a beta of 1.08. The company has a quick ratio of 2.31, a current ratio of 3.12 and a debt-to-equity ratio of 0.48. Arcosa has a 52 week low of $91.40 and a 52 week high of $149.50.

Arcosa Dividend Announcement

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

About Arcosa

Arcosa, Inc. is a North American provider of products and materials used in infrastructure, construction, energy and transportation markets. The company became an independent public company in 2018 after being spun off from Trinity Industries. Its businesses include construction materials such as natural and recycled aggregates and specialty materials, as well as engineered structures for electric utilities, telecommunications and wind energy. Arcosa also makes products for transportation and infrastructure applications.