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

AECOM (NYSE:ACM - Get Free Report) declared a quarterly dividend on Wednesday, June 4th, RTT News reports. Investors of record on Wednesday, July 2nd will be paid a dividend of 0.26 per share by the construction company on Friday, July 18th. This represents a $1.04 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend is Wednesday, July 2nd.

AECOM has a 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 Price Performance

AECOM stock traded down $0.18 during mid-day trading on Thursday, hitting $110.62. The stock had a trading volume of 578,872 shares, compared to its average volume of 909,712. The firm's 50 day moving average is $100.28 and its 200 day moving average is $103.48. AECOM has a one year low of $82.23 and a one year high of $118.56. The firm has a market capitalization of $14.63 billion, a P/E ratio of 31.43, a P/E/G ratio of 1.63 and a beta of 0.97. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02.

AECOM (NYSE:ACM - Get Free Report) last announced its earnings results on Monday, May 5th. The construction company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.10. The firm had revenue of $3.77 billion for the quarter, compared to analysts' expectations of $4.18 billion. AECOM had a net margin of 2.93% and a return on equity of 26.84%. The business's revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.04 EPS. On average, sell-side analysts forecast that AECOM will post 5.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On AECOM

Hedge funds and other institutional investors have recently modified their holdings of the business. Great Lakes Advisors LLC boosted its stake in shares of AECOM by 14.9% during the first quarter. Great Lakes Advisors LLC now owns 2,366 shares of the construction company's stock valued at $219,000 after purchasing an additional 306 shares in the last quarter. Focus Partners Wealth boosted its stake in shares of AECOM by 6.9% during the first quarter. Focus Partners Wealth now owns 4,150 shares of the construction company's stock valued at $385,000 after purchasing an additional 269 shares in the last quarter. Finally, Empowered Funds LLC boosted its stake in shares of AECOM by 62.6% during the first quarter. Empowered Funds LLC now owns 14,266 shares of the construction company's stock valued at $1,323,000 after purchasing an additional 5,493 shares in the last quarter. 85.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Robert W. Baird increased their price objective on shares of AECOM from $108.00 to $118.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Truist Financial dropped their target price on shares of AECOM from $129.00 to $121.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Citigroup upped their target price on shares of AECOM from $116.00 to $122.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Royal Bank of Canada upped their target price on shares of AECOM from $123.00 to $126.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Finally, KeyCorp dropped their target price on shares of AECOM from $121.00 to $109.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $120.86.

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.