AECOM (NYSE:ACM) Hits New 12-Month High - Here's Why

Key Points

• AECOM's stock reached a new 52-week high of $134.51, attracting significant trading volume of 852,112 shares.
• Several analysts have raised AECOM's price targets, with Truist Financial setting a new target at $146.00 and National Bank Financial initiating coverage with a target of $151.00.
• The company recently announced a quarterly dividend of $0.26, providing a dividend yield of 0.8% and indicating a payout ratio of 22.66%.

AECOM (NYSE:ACM - Get Free Report)'s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $134.51 and last traded at $133.82, with a volume of 852112 shares changing hands. The stock had previously closed at $130.87.

Analysts Set New Price Targets

A number of brokerages have recently commented on ACM. Truist Financial upped their price objective on shares of AECOM from $128.00 to $146.00 and gave the company a "buy" rating in a research report on Wednesday, October 8th. Barclays boosted their price target on AECOM from $130.00 to $145.00 and gave the company an "overweight" rating in a research note on Monday. National Bank Financial initiated coverage on AECOM in a research report on Wednesday, October 8th. They issued an "outperform" rating and a $151.00 price objective for the company. KeyCorp lifted their price objective on AECOM from $131.00 to $144.00 and gave the stock an "overweight" rating in a report on Monday. Finally, Wall Street Zen lowered AECOM from a "buy" rating to a "hold" rating in a research note on Saturday, October 11th. Eleven research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $137.30.

AECOM Price Performance

The company's 50 day moving average price is $127.27 and its 200 day moving average price is $114.42. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market cap of $17.72 billion, a price-to-earnings ratio of 29.16, a P/E/G ratio of 1.88 and a beta of 1.03.

AECOM (NYSE:ACM - Get Free Report) last announced its earnings results on Monday, August 4th. The construction company reported $1.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.25 by $0.09. The business had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $4.33 billion. AECOM had a net margin of 3.82% and a return on equity of 27.87%. The firm's revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter last year, the company posted $1.16 EPS. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. On average, equities research analysts predict that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Wednesday, October 1st were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, October 1st. AECOM's payout ratio is presently 22.66%.

Insiders Place Their Bets

In related news, CEO Troy Rudd sold 53,097 shares of the firm's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $119.56, for a total transaction of $6,348,277.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.41% of the stock is owned by corporate insiders.

Institutional Trading of AECOM

A number of hedge funds and other institutional investors have recently made changes to their positions in ACM. Hennessy Advisors Inc. acquired a new position in AECOM during the 3rd quarter worth about $43,473,000. Merit Financial Group LLC acquired a new stake in AECOM in the 3rd quarter valued at about $208,000. Westend Capital Management LLC bought a new position in shares of AECOM in the third quarter worth about $26,000. Perigon Wealth Management LLC lifted its position in shares of AECOM by 12.7% during the third quarter. Perigon Wealth Management LLC now owns 52,073 shares of the construction company's stock worth $6,794,000 after purchasing an additional 5,882 shares in the last quarter. Finally, Vontobel Holding Ltd. lifted its position in shares of AECOM by 4.6% during the third quarter. Vontobel Holding Ltd. now owns 133,209 shares of the construction company's stock worth $17,380,000 after purchasing an additional 5,856 shares in the last quarter. 85.41% of the stock is currently owned by institutional investors and hedge funds.

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.

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