Arcosa, Inc. (NYSE:ACA) Stock Has Consensus Target Price of $141.25 According to Brokerages

Key Points

• Arcosa has a consensus “Hold” rating from seven brokerages, with four holds and three buys; the average 12-month price target is $141.25, below the stock’s reported $147.05 price.
• The company’s latest quarterly results missed expectations, with EPS of $1.13 versus $1.18 expected and revenue of $658.7 million, down 10.6% year over year.
• Arcosa declared a quarterly dividend of $0.05 per share, while institutional investors own 90.66% of the stock following significant purchases by major funds.

Shares of Arcosa, Inc. (NYSE:ACA - Get Free Report) have been given a consensus rating of "Hold" by the seven brokerages that are covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $141.25.

ACA has been the subject of several recent research reports. Zacks Research upgraded Arcosa from a "strong sell" rating to a "hold" rating in a report on Monday, June 22nd. Citigroup cut shares of Arcosa to a "hold" rating in a report on Tuesday, June 23rd. Texas Capital downgraded shares of Arcosa from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 23rd. Oppenheimer lowered shares of Arcosa from an "outperform" rating to a "market perform" rating in a report on Friday, June 26th. Finally, Weiss Ratings raised shares of Arcosa from a "buy (b)" rating to a "buy (b+)" rating in a research report on Monday.

Arcosa Trading Up 0.0%

ACA traded up $0.04 on Friday, reaching $147.05. 403,361 shares of the company traded hands, compared to its average volume of 680,783. The company has a market cap of $7.22 billion, a P/E ratio of 14.73, a price-to-earnings-growth ratio of 2.21 and a beta of 1.08. The company has a quick ratio of 2.31, a current ratio of 3.12 and a debt-to-equity ratio of 0.48. Arcosa has a one year low of $90.90 and a one year high of $147.50. The firm has a fifty day simple moving average of $145.87 and a two-hundred day simple moving average of $135.54.

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

Arcosa Announces Dividend

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

Hedge Funds Weigh In On Arcosa

Large investors have recently bought and sold shares of the business. BlackRock Inc. bought a new stake in Arcosa during the 2nd quarter valued at $1,222,486,000. Pentwater Capital Management LP purchased a new position in shares of Arcosa in the 2nd quarter valued at $95,891,000. Bank of New York Mellon Corp bought a new position in shares of Arcosa in the 2nd quarter worth $50,804,000. Punch & Associates Investment Management Inc. bought a new position in shares of Arcosa in the 2nd quarter worth $50,494,000. Finally, Bank of America Corp DE bought a new position in shares of Arcosa in the 2nd quarter worth $38,552,000. Institutional investors own 90.66% of the company's stock.

About Arcosa

Arcosa, Inc NYSE: ACA is an infrastructure products company that manufactures and sells products used in construction, utility and energy infrastructure, and transportation markets. The company serves contractors, utilities, infrastructure developers, original equipment manufacturers, and other industrial customers.

Arcosa's Construction Products segment provides aggregates and specialty materials, concrete products, drainage and related infrastructure products, and other solutions used in commercial, residential, transportation, and industrial construction.

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