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

Key Points

• Arcosa shares reached a new 52-week high, trading as high as $147.00 and last changing hands at $146.67. Despite the momentum, analysts’ consensus rating is “Hold,” with an average price target of $141.25.
• The company’s latest quarterly results fell short of expectations: EPS was $1.13 versus a $1.18 estimate, while revenue declined 10.6% year over year to $658.7 million.
• Arcosa declared a quarterly dividend of $0.05 per share, equivalent to a $0.20 annualized payout and a 0.1% yield. Institutional investors own approximately 90.66% of the company’s stock.

Arcosa, Inc. (NYSE:ACA - Get Free Report)'s share price reached a new 52-week high on Friday. The stock traded as high as $147.00 and last traded at $146.67, with a volume of 29208 shares changing hands. The stock had previously closed at $146.50.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on ACA shares. Texas Capital downgraded Arcosa from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 23rd. Zacks Research raised shares of Arcosa from a "strong sell" rating to a "hold" rating in a research note on Monday, June 22nd. Citigroup downgraded shares of Arcosa to a "hold" rating in a report on Tuesday, June 23rd. Stephens set a $150.00 target price on shares of Arcosa in a research report on Thursday, August 6th. Finally, Oppenheimer downgraded shares of Arcosa from an "outperform" rating to a "market perform" rating in a report on Friday, June 26th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $141.25.

Arcosa Trading Up 0.1%

The business's fifty day moving average price is $145.49 and its 200 day moving average price is $132.46. The company has a quick ratio of 2.31, a current ratio of 3.12 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $7.20 billion, a PE ratio of 14.69, a P/E/G ratio of 2.20 and a beta of 1.08.

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

Arcosa Announces Dividend

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

Institutional Investors Weigh In On Arcosa

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. State of Wyoming purchased a new position in Arcosa during the first quarter worth about $30,000. GHP Investment Advisors Inc. purchased a new stake in Arcosa in the 1st quarter valued at about $32,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Arcosa in the 2nd quarter valued at about $53,000. Integrated Wealth Concepts LLC purchased a new stake in Arcosa in the 2nd quarter valued at about $69,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Arcosa during the 2nd quarter valued at about $100,000. Hedge funds and other institutional investors own 90.66% of the company's stock.

Arcosa Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.