Arcosa (NYSE:ACA) Reaches New 1-Year High - Should You Buy?

Key Points

• Arcosa shares reached a new 52-week high of $148.51, trading near $145.59, above its 50-day and 200-day moving averages.
• Analyst sentiment remains cautious: the stock has an average rating of “Hold” and a consensus price target of $141.25, below its recent trading level. Recent earnings also missed estimates, with revenue down 10.6% year over year.
• Arcosa declared a quarterly dividend of $0.05, or $0.20 annually, producing a very low 0.1% yield; institutional investors continue to hold a dominant 90.66% stake.

Shares of Arcosa, Inc. (NYSE:ACA - Get Free Report) reached a new 52-week high during trading on Thursday . The stock traded as high as $148.51 and last traded at $145.5860, with a volume of 560 shares changing hands. The stock had previously closed at $145.14.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on ACA shares. Texas Capital lowered Arcosa from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 23rd. Stephens set a $150.00 target price on shares of Arcosa in a research report on Thursday, August 6th. Citigroup cut shares of Arcosa to a "hold" rating in a research report on Tuesday, June 23rd. Weiss Ratings raised shares of Arcosa from a "hold (c+)" rating to a "buy (b)" rating in a research note on Friday, August 21st. Finally, Oppenheimer lowered shares of Arcosa from an "outperform" rating to a "market perform" rating in a report on Friday, June 26th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $141.25.

Arcosa Price Performance

The company has a fifty day moving average of $145.20 and a 200-day moving average of $129.58. The company has a current ratio of 3.12, a quick ratio of 2.31 and a debt-to-equity ratio of 0.48. The stock has a market cap of $7.15 billion, a PE ratio of 14.58, a P/E/G ratio of 2.18 and a beta of 1.07.

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

Arcosa Dividend Announcement

The firm 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 $0.05 dividend. 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 presently 2.00%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. increased its stake in shares of Arcosa by 1.7% in the first quarter. PNC Financial Services Group Inc. now owns 5,268 shares of the company's stock worth $559,000 after buying an additional 90 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Arcosa by 10.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,367 shares of the company's stock valued at $199,000 after acquiring an additional 129 shares during the last quarter. Versant Capital Management Inc grew its position in Arcosa by 15.2% in the second quarter. Versant Capital Management Inc now owns 1,025 shares of the company's stock worth $149,000 after buying an additional 135 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of Arcosa by 0.4% in the 1st quarter. Bessemer Group Inc. now owns 40,895 shares of the company's stock worth $4,340,000 after acquiring an additional 143 shares during the last quarter. Finally, QRG Capital Management Inc. raised its holdings in Arcosa by 7.0% during the 1st quarter. QRG Capital Management Inc. now owns 3,240 shares of the company's stock worth $344,000 after buying an additional 212 shares during the period. Institutional investors and hedge funds own 90.66% of the company's stock.

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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