AECOM Plans Quarterly Dividend of $0.26 (NYSE:ACM)

Key Points

• AECOM declared a quarterly dividend of $0.26 per share, payable on October 17th to investors of record on October 1st, representing an annualized yield of 0.8%.
• The company reported earnings of $1.34 per share in the last quarter, exceeding analyst expectations, and has a strong payout ratio of 18.4%, indicating sustainability of its dividend.
• Equities analysts have raised AECOM's price targets, with the consensus rating currently at "Buy" and an average price target of $128.44.

AECOM (NYSE:ACM - Get Free Report) declared a quarterly dividend on Wednesday, September 10th, RTT News reports. Stockholders of record on Wednesday, October 1st will be given a dividend of 0.26 per share by the construction company on Friday, October 17th. This represents a c) annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, October 1st.

AECOM has a dividend payout ratio of 18.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect AECOM to earn $5.65 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 18.4%.

AECOM Stock Up 1.3%

Shares of ACM stock traded up $1.59 on Monday, hitting $128.19. 501,404 shares of the stock were exchanged, compared to its average volume of 974,179. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $16.98 billion, a P/E ratio of 27.92, a price-to-earnings-growth ratio of 1.88 and a beta of 0.99. The business has a 50-day moving average of $119.03 and a 200 day moving average of $107.95. AECOM has a fifty-two week low of $85.00 and a fifty-two week high of $128.70.

AECOM (NYSE:ACM - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The construction company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.09. The company had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $4.33 billion. AECOM had a return on equity of 27.87% and a net margin of 3.82%.AECOM's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.16 earnings per share. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. Equities analysts anticipate that AECOM will post 5.1 EPS for the current year.

Insider Transactions at AECOM

In other AECOM news, CEO Troy Rudd sold 53,097 shares of the company's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $119.56, for a total value of $6,348,277.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.41% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On AECOM

Large investors have recently made changes to their positions in the company. TCTC Holdings LLC increased its stake in shares of AECOM by 120.3% during the first quarter. TCTC Holdings LLC now owns 304 shares of the construction company's stock worth $28,000 after purchasing an additional 166 shares during the period. MAI Capital Management bought a new position in shares of AECOM during the first quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd increased its stake in shares of AECOM by 212.9% during the first quarter. Caitong International Asset Management Co. Ltd now owns 316 shares of the construction company's stock worth $29,000 after purchasing an additional 215 shares during the period. SVB Wealth LLC bought a new position in shares of AECOM during the first quarter worth approximately $33,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of AECOM by 189.3% during the second quarter. EverSource Wealth Advisors LLC now owns 298 shares of the construction company's stock worth $34,000 after purchasing an additional 195 shares during the period. Institutional investors own 85.41% of the company's stock.

AECOM Company Profile

AECOM, together with its subsidiaries, provides professional infrastructure consulting services worldwide. It operates in three segments: Americas, International, and AECOM Capital. The company offers planning, consulting, architectural and engineering design, construction and program management, and investment and development services to public and private clients.