Arcosa (NYSE:ACA) Sees Unusually-High Trading Volume - Time to Buy?

Key Points

• Arcosa’s trading volume rose 21% to approximately 590,684 shares, while the stock traded near $146.48. Despite recent analyst revisions, the consensus rating remains “Hold,” with an average price target of $141.25.
• The company’s latest quarter fell short of expectations: EPS was $1.13 versus the $1.18 consensus, revenue declined 10.6% year over year to $658.7 million, and analysts project full-year EPS of $4.16.
• Arcosa declared a quarterly dividend of $0.05, equivalent to a $0.20 annual payout and a 0.1% yield. Institutional investors own approximately 90.66% of the company’s shares.

Arcosa, Inc. (NYSE:ACA - Get Free Report) saw unusually-strong trading volume on Monday. Approximately 590,684 shares traded hands during mid-day trading, an increase of 21% from the previous session's volume of 486,341 shares. The stock last traded at $146.48 and had previously closed at $146.62.

Wall Street Analysts Forecast Growth

ACA has been the subject of a number of research reports. Texas Capital lowered shares of Arcosa from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 23rd. Oppenheimer cut 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 target on Arcosa in a research report on Thursday, August 6th. Weiss Ratings raised shares of Arcosa from a "hold (c+)" rating to a "buy (b)" rating in a research report on Friday, August 21st. Finally, Citigroup lowered Arcosa to a "hold" rating in a report on Tuesday, June 23rd. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, Arcosa presently has a consensus rating of "Hold" and a consensus target price of $141.25.

Arcosa Price Performance

The company has a debt-to-equity ratio of 0.48, a current ratio of 3.12 and a quick ratio of 2.31. The firm has a market cap of $7.20 billion, a PE ratio of 14.69, a PEG ratio of 2.20 and a beta of 1.07. The company has a 50 day moving average price of $145.38 and a 200 day moving average price of $131.37.

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 analysts' consensus estimates of $1.18 by ($0.05). Arcosa had a net margin of 17.90% and a return on equity of 7.90%. The business had revenue of $658.70 million during the quarter, compared to analyst estimates of $687.50 million. During the same quarter in the prior year, the company posted $1.27 EPS. The company's quarterly revenue was down 10.6% compared to the same quarter last year. Sell-side analysts expect that Arcosa, Inc. will post 4.16 EPS for the current fiscal year.

Arcosa Dividend Announcement

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

Institutional Investors Weigh In On Arcosa

Large investors have recently modified their holdings of the stock. State of Wyoming acquired a new position in Arcosa during the first quarter valued at approximately $30,000. GHP Investment Advisors Inc. acquired a new stake in shares of Arcosa in the first quarter valued at about $32,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Arcosa during the second quarter worth approximately $53,000. Integrated Wealth Concepts LLC bought a new position 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 second quarter worth $100,000. Institutional investors and hedge funds own 90.66% of the company's stock.

About Arcosa

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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