Arcosa, Inc. (NYSE:ACA) Declares Quarterly Dividend of $0.05

Key Points

• Arcosa, Inc. announced a quarterly dividend of $0.05 per share, payable to shareholders on October 31st, with a current annual yield of 0.2%.
• The company maintains a low payout ratio of 4.3%, indicating earnings sufficiently cover the dividend, and analysts expect earnings of $4.56 per share for the next year.
• DA Davidson upgraded Arcosa's price target from $110 to $120, signaling a "buy" rating, supported by an overall average rating of "Buy" from several analysts.

Arcosa, Inc. (NYSE:ACA - Get Free Report) declared a quarterly dividend on Wednesday, September 10th, RTT News reports. Stockholders of record on Wednesday, October 15th will be given a dividend of 0.05 per share on Friday, October 31st. This represents a c) annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, October 15th.

Arcosa has a payout ratio of 4.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Arcosa to earn $4.56 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 4.4%.

Arcosa Stock Down 1.5%

Shares of Arcosa stock traded down $1.45 on Tuesday, reaching $93.57. 40,510 shares of the company were exchanged, compared to its average volume of 283,969. The company has a current ratio of 2.12, a quick ratio of 1.35 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $4.59 billion, a price-to-earnings ratio of 49.77 and a beta of 1.00. Arcosa has a one year low of $68.11 and a one year high of $113.43. The company has a 50-day moving average of $93.13 and a 200 day moving average of $86.56.

Arcosa (NYSE:ACA - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $1.27 EPS for the quarter, beating analysts' consensus estimates of $1.05 by $0.22. Arcosa had a return on equity of 6.25% and a net margin of 3.45%.The business had revenue of $736.90 million during the quarter, compared to the consensus estimate of $754.20 million. During the same quarter in the previous year, the firm earned $0.91 earnings per share. Arcosa's revenue for the quarter was up 10.9% compared to the same quarter last year. Arcosa has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Arcosa will post 3.23 earnings per share for the current year.

Insider Transactions at Arcosa

In other news, insider Kerry S. Cole sold 7,966 shares of Arcosa stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $95.77, for a total value of $762,903.82. Following the transaction, the insider directly owned 19,769 shares of the company's stock, valued at $1,893,277.13. This trade represents a 28.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Bryan Stevenson sold 4,000 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $99.02, for a total transaction of $396,080.00. Following the completion of the sale, the insider directly owned 38,089 shares of the company's stock, valued at $3,771,572.78. This represents a 9.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Arcosa

A number of hedge funds have recently added to or reduced their stakes in the stock. Banque Cantonale Vaudoise bought a new position in Arcosa during the 1st quarter worth approximately $28,000. Trust Co. of Toledo NA OH bought a new position in Arcosa during the 2nd quarter worth approximately $40,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Arcosa during the 2nd quarter worth approximately $51,000. Versant Capital Management Inc boosted its stake in Arcosa by 81.5% during the 1st quarter. Versant Capital Management Inc now owns 804 shares of the company's stock worth $62,000 after acquiring an additional 361 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Arcosa by 77.2% in the second quarter. EverSource Wealth Advisors LLC now owns 739 shares of the company's stock valued at $64,000 after buying an additional 322 shares in the last quarter. Institutional investors own 90.66% of the company's stock.

Arcosa Company Profile

Arcosa, Inc, together with its subsidiaries, provides infrastructure-related products and solutions for the construction, engineered structures, and transportation markets in the United States. It operates through three segments: Construction Products, Engineered Structures, and Transportation Products.