Arcosa, Inc. (NYSE:ACA) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• Arcosa has a consensus “Hold” rating from seven analysts, with four holds and three buys; the average 12-month price target is $141.25.
• The company’s latest quarterly results fell short of expectations, with adjusted earnings of $1.13 per share versus $1.18 expected and revenue of $658.7 million versus $687.5 million. Revenue declined 10.6% year over year.
• Institutional investors own 90.66% of Arcosa’s shares, while the company declared a quarterly dividend of $0.05 per share, representing a 0.1% yield.

Shares of Arcosa, Inc. (NYSE:ACA - Get Free Report) have been assigned a consensus recommendation of "Hold" from the seven research firms that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $141.25.

A number of equities analysts recently issued reports on the stock. Oppenheimer lowered shares of Arcosa from an "outperform" rating to a "market perform" rating in a research report on Friday, June 26th. Stephens set a $150.00 price objective on shares of Arcosa in a report on Thursday, August 6th. Zacks Research upgraded shares of Arcosa from a "strong sell" rating to a "hold" rating in a research note on Monday, June 22nd. Weiss Ratings raised Arcosa from a "hold (c+)" rating to a "buy (b)" rating in a report on Friday, August 21st. Finally, Wall Street Zen upgraded Arcosa from a "sell" rating to a "hold" rating in a research report on Saturday, May 30th.

Institutional Trading of Arcosa

Large investors have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC boosted its holdings in shares of Arcosa by 72.7% during the second quarter. Sequoia Financial Advisors LLC now owns 4,475 shares of the company's stock worth $650,000 after purchasing an additional 1,884 shares during the period. WINTON GROUP Ltd acquired a new position in Arcosa in the 2nd quarter valued at approximately $5,022,000. Engineers Gate Manager LP purchased a new stake in Arcosa in the 2nd quarter worth approximately $216,000. Integrated Wealth Concepts LLC purchased a new stake in Arcosa in the 2nd quarter worth approximately $69,000. Finally, Waverly Advisors LLC boosted its stake in shares of Arcosa by 34.1% during the 2nd quarter. Waverly Advisors LLC now owns 3,207 shares of the company's stock valued at $466,000 after buying an additional 816 shares during the period. 90.66% of the stock is owned by institutional investors and hedge funds.

Arcosa Stock Performance

Shares of Arcosa stock opened at $146.18 on Tuesday. The firm has a market cap of $7.18 billion, a PE ratio of 14.65, a price-to-earnings-growth ratio of 2.19 and a beta of 1.07. The firm's 50-day simple moving average is $145.25 and its 200-day simple moving average is $130.37. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.31 and a current ratio of 3.12. Arcosa has a 1 year low of $89.03 and a 1 year high of $146.92.

Arcosa (NYSE:ACA - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $1.13 earnings per share for the quarter, missing analysts' consensus estimates of $1.18 by ($0.05). The firm had revenue of $658.70 million during the quarter, compared to the consensus estimate of $687.50 million. Arcosa had a net margin of 17.90% and a return on equity of 7.90%. Arcosa's revenue was down 10.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.27 earnings per share. Equities analysts forecast that Arcosa will post 4.16 earnings per share for the current fiscal year.

Arcosa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.1%. Arcosa's dividend payout ratio (DPR) is currently 2.00%.

Arcosa Company Profile

Arcosa, Inc NYSE: ACA is an infrastructure-related products and solutions company headquartered in Dallas, Texas. The company serves customers in the construction, utility, transportation and industrial markets, with operations primarily in the United States and a presence in selected international markets.

Arcosa operates through businesses that provide construction products, engineered structures and transportation products. Its offerings include aggregates and other construction materials, concrete and drainage products, utility and communication structures, wind towers, traffic structures, inland barges and rail transportation components.

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