Arcosa (NYSE:ACA) Sets New 1-Year High - Time to Buy?

Key Points

• 52-week high: Arcosa (NYSE:ACA) reached a new 52-week high of $131.21 in mid-day trading, last trading around $131.14 versus a prior close of $123.19.
• Analyst outlook mixed but positive overall: Ratings vary from strong-buy to strong-sell, but MarketBeat shows a consensus of Moderate Buy with an average target price of $132.50 and Barclays raising its target to $140.
• Earnings beat but revenue miss: Arcosa reported quarterly EPS of $0.51 (vs. $0.13 expected) while revenue came in at $571.7M (below the $642.4M estimate); company metrics include a $6.44B market cap and a P/E around 29.

Arcosa, Inc. (NYSE:ACA - Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $131.21 and last traded at $131.1350, with a volume of 176212 shares changing hands. The stock had previously closed at $123.19.

Wall Street Analysts Forecast Growth

ACA has been the subject of a number of research analyst reports. DA Davidson increased their price objective on shares of Arcosa from $120.00 to $125.00 and gave the company a "buy" rating in a report on Monday, March 2nd. Wall Street Zen downgraded Arcosa from a "buy" rating to a "hold" rating in a research report on Sunday, March 1st. Texas Capital upgraded Arcosa to a "strong-buy" rating in a research report on Friday, March 27th. Zacks Research downgraded Arcosa from a "hold" rating to a "strong sell" rating in a research report on Tuesday, April 28th. Finally, Barclays raised their price target on Arcosa from $115.00 to $140.00 and gave the stock an "overweight" rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $132.50.

Arcosa Stock Performance

The firm has a market capitalization of $6.44 billion, a P/E ratio of 28.95, a P/E/G ratio of 2.29 and a beta of 1.08. The firm has a 50-day moving average price of $111.65 and a two-hundred day moving average price of $109.50. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.32 and a quick ratio of 1.60.

Arcosa (NYSE:ACA - Get Free Report) last released its earnings results on Thursday, April 30th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.38. Arcosa had a return on equity of 8.52% and a net margin of 7.88%.The business had revenue of $571.70 million during the quarter, compared to the consensus estimate of $642.40 million. During the same period last year, the company earned $0.49 earnings per share. The business's revenue for the quarter was up 5.0% compared to the same quarter last year. On average, analysts forecast that Arcosa, Inc. will post 3.4 EPS for the current fiscal year.

Arcosa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Wednesday, April 15th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Wednesday, April 15th. Arcosa's payout ratio is presently 4.42%.

Institutional Trading of Arcosa

Several institutional investors and hedge funds have recently made changes to their positions in the company. Principal Financial Group Inc. raised its holdings in shares of Arcosa by 13.7% in the first quarter. Principal Financial Group Inc. now owns 266,113 shares of the company's stock valued at $28,245,000 after acquiring an additional 32,164 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of Arcosa by 3,554.1% in the first quarter. Fifth Third Bancorp now owns 13,045 shares of the company's stock valued at $1,385,000 after acquiring an additional 12,688 shares in the last quarter. Kestra Advisory Services LLC raised its holdings in shares of Arcosa by 37.3% in the first quarter. Kestra Advisory Services LLC now owns 4,884 shares of the company's stock valued at $518,000 after acquiring an additional 1,328 shares in the last quarter. Hodges Capital Management Inc. bought a new stake in shares of Arcosa in the first quarter valued at about $4,088,000. Finally, QRG Capital Management Inc. raised its holdings in shares of Arcosa by 7.0% in the first quarter. QRG Capital Management Inc. now owns 3,240 shares of the company's stock valued at $344,000 after acquiring an additional 212 shares in the last quarter. 90.66% of the stock is currently owned by institutional investors.

Arcosa Company Profile

Arcosa, Inc NYSE: ACA is a Dallas‐based industrial company that was formed through the spin‐off of Trinity Industries' construction products business in 2018. Since its inception, Arcosa has focused on the manufacture and sale of critical infrastructure components, serving a diverse set of end markets including transportation, construction and energy.

The company's Construction Products segment produces a broad range of highway safety products, such as guardrail systems, sign supports and crash cushions, as well as aggregates and ready‐mix concrete.

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