AECOM (NYSE:ACM) Reaches New 1-Year High - Time to 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%.

Shares of AECOM (NYSE:ACM - Get Free Report) 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 changing hands. The stock had previously closed at $126.60.

Analyst Ratings Changes

A number of analysts have commented on the stock. Bank of America upped their price objective on shares of AECOM from $112.50 to $124.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Wall Street Zen downgraded AECOM from a "buy" rating to a "hold" rating in a report on Saturday, September 6th. Citigroup reiterated a "buy" rating and set a $137.00 price target (up previously from $122.00) on shares of AECOM in a report on Monday, July 28th. UBS Group increased their price target on AECOM from $126.00 to $139.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Finally, KeyCorp increased their price objective on AECOM from $129.00 to $131.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. Nine research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $128.44.

AECOM Stock Performance

The company has a market capitalization of $16.92 billion, a price-to-earnings ratio of 27.84, a price-to-earnings-growth ratio of 1.88 and a beta of 0.99. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a 50 day moving average price of $119.03 and a two-hundred day moving average price of $107.95.

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

AECOM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Wednesday, October 1st will be issued a dividend of $0.26 per share. The ex-dividend date is Wednesday, October 1st. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. AECOM's dividend payout ratio (DPR) is 22.66%.

Insider Transactions at AECOM

In other AECOM news, CEO Troy Rudd sold 53,097 shares of the firm's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $119.56, for a total transaction of $6,348,277.32. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.41% of the company's stock.

Hedge Funds Weigh In On AECOM

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Archer Investment Corp boosted its holdings in AECOM by 9.3% during the second quarter. Archer Investment Corp now owns 1,175 shares of the construction company's stock worth $133,000 after buying an additional 100 shares during the last quarter. Cordatus Wealth Management LLC lifted its holdings in shares of AECOM by 3.7% during the 1st quarter. Cordatus Wealth Management LLC now owns 2,867 shares of the construction company's stock valued at $266,000 after purchasing an additional 101 shares in the last quarter. Pallas Capital Advisors LLC lifted its holdings in shares of AECOM by 2.1% during the 2nd quarter. Pallas Capital Advisors LLC now owns 5,214 shares of the construction company's stock valued at $588,000 after purchasing an additional 107 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of AECOM by 38.5% during the 2nd quarter. Allworth Financial LP now owns 392 shares of the construction company's stock valued at $44,000 after purchasing an additional 109 shares in the last quarter. Finally, Private Trust Co. NA lifted its holdings in shares of AECOM by 37.2% during the 1st quarter. Private Trust Co. NA now owns 413 shares of the construction company's stock valued at $38,000 after purchasing an additional 112 shares in the last quarter. Institutional investors own 85.41% of the company's stock.

About AECOM

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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