AECOM (NYSE:ACM) Hits New 52-Week High - Still a Buy?

Key Points

• AECOM's shares reached a new 52-week high of $128.70, reflecting strong market performance with trading volumes around 233,661 shares.
• Analysts' ratings show a consensus "Buy" recommendation for AECOM, with price targets ranging from $124.00 to $139.00.
• The company recently announced a quarterly dividend of $0.26 per share, providing investors with a yield of 0.8%.

AECOM (NYSE:ACM - Get Free Report)'s stock price reached a new 52-week high during trading on Monday . The company traded as high as $128.70 and last traded at $128.32, with a volume of 233661 shares. The stock had previously closed at $126.60.

Analyst Ratings Changes

Several brokerages recently issued reports on ACM. Barclays raised their price target on AECOM from $120.00 to $130.00 and gave the stock an "overweight" rating in a report on Tuesday, August 12th. KeyCorp raised their price target on AECOM from $129.00 to $131.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Wall Street Zen downgraded AECOM from a "buy" rating to a "hold" rating in a report on Saturday, September 6th. Bank of America raised their target price on AECOM from $112.50 to $124.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Finally, UBS Group raised their target price on AECOM from $126.00 to $139.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Nine investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, AECOM presently has an average rating of "Buy" and an average price target of $128.44.

AECOM Stock Down 0.3%

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 cap of $17.57 billion, a price-to-earnings ratio of 28.90, a PEG ratio of 1.97 and a beta of 0.99. The firm has a 50-day moving average of $120.47 and a two-hundred day moving average of $108.93.

AECOM (NYSE:ACM - Get Free Report) last issued 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 return on equity of 27.87% and a net margin of 3.82%.AECOM's quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.16 EPS. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. As a group, sell-side analysts predict that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Wednesday, October 1st will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Wednesday, October 1st. AECOM's payout ratio is presently 22.66%.

Insider Buying and Selling at AECOM

In other AECOM news, CEO Troy Rudd sold 53,097 shares of the business's stock in a transaction on Friday, August 15th. The shares were 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 SEC, which is available at this hyperlink. Insiders own 0.41% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Archer Investment Corp raised its stake in shares of AECOM by 9.3% during the second quarter. Archer Investment Corp now owns 1,175 shares of the construction company's stock valued at $133,000 after acquiring an additional 100 shares during the last quarter. Cordatus Wealth Management LLC boosted its holdings in AECOM by 3.7% in the first quarter. Cordatus Wealth Management LLC now owns 2,867 shares of the construction company's stock worth $266,000 after purchasing an additional 101 shares during the last quarter. Pallas Capital Advisors LLC raised its position in AECOM by 2.1% in the second quarter. Pallas Capital Advisors LLC now owns 5,214 shares of the construction company's stock worth $588,000 after acquiring an additional 107 shares during the period. Allworth Financial LP raised its position in AECOM by 38.5% in the second quarter. Allworth Financial LP now owns 392 shares of the construction company's stock worth $44,000 after acquiring an additional 109 shares during the period. Finally, Private Trust Co. NA raised its position in AECOM by 37.2% in the first quarter. Private Trust Co. NA now owns 413 shares of the construction company's stock worth $38,000 after acquiring an additional 112 shares during the period. 85.41% of the stock is owned by institutional investors.

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.