Arcosa (NYSE:ACA) Sets New 52-Week High - Still a Buy?

Key Points

• Arcosa shares reached a new 52-week high of $147.55, with the stock trading above both its 50-day and 200-day moving averages.
• Analyst sentiment is mixed: three analysts rate Arcosa a Buy and four rate it a Hold, resulting in a consensus Hold rating and an average price target of $141.25.
• The company’s latest quarter fell short of expectations, with EPS of $1.13 versus $1.18 expected and revenue down 10.6% year over year; Arcosa nevertheless declared a quarterly dividend of $0.05 per share.

Shares of Arcosa, Inc. (NYSE:ACA - Get Free Report) hit a new 52-week high during trading on Tuesday. The company traded as high as $147.55 and last traded at $147.5150, with a volume of 451,275 shares trading hands. The stock had previously closed at $147.33.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ACA. Texas Capital lowered shares of Arcosa from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 23rd. Weiss Ratings upgraded shares of Arcosa from a "buy (b)" rating to a "buy (b+)" rating in a report on Monday, October 12th. Citigroup lowered shares of Arcosa to a "hold" rating in a research report on Tuesday, June 23rd. Oppenheimer cut Arcosa from an "outperform" rating to a "market perform" rating in a report on Friday, June 26th. Finally, Zacks Research upgraded Arcosa from a "strong sell" rating to a "hold" rating in a research report on Monday, June 22nd. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Arcosa presently has a consensus rating of "Hold" and an average target price of $141.25.

Arcosa Trading Up 0.1%

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 company has a market capitalization of $7.24 billion, a PE ratio of 14.78, a price-to-earnings-growth ratio of 2.21 and a beta of 1.08. The stock's fifty day moving average price is $145.92 and its two-hundred day moving average price is $136.06.

Arcosa (NYSE:ACA - Get Free Report) last announced its quarterly earnings results 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). The business 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 firm's revenue for the quarter was down 10.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.27 EPS. Sell-side analysts anticipate that Arcosa, Inc. will post 4.16 earnings per share for the current year.

Arcosa Announces Dividend

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 paid 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 (DPR) is presently 2.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ACA. Commonwealth Financial Services LLC purchased a new position in Arcosa during the third quarter valued at $204,000. Fortitude Family Office LLC grew its stake in shares of Arcosa by 1,648.6% in the third quarter. Fortitude Family Office LLC now owns 647 shares of the company's stock worth $95,000 after acquiring an additional 610 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Arcosa by 34.2% in the third quarter. GAMMA Investing LLC now owns 1,835 shares of the company's stock worth $268,000 after acquiring an additional 468 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Arcosa by 260.2% during the third quarter. Farther Finance Advisors LLC now owns 1,268 shares of the company's stock valued at $185,000 after acquiring an additional 916 shares in the last quarter. Finally, QRG Capital Management Inc. raised its position in shares of Arcosa by 7.0% in the 2nd quarter. QRG Capital Management Inc. now owns 3,467 shares of the company's stock worth $504,000 after purchasing an additional 227 shares during the last quarter. 90.66% of the stock is owned by hedge funds and other institutional investors.

About Arcosa

Arcosa, Inc NYSE: ACA is an infrastructure products company headquartered in Dallas, Texas. The company develops and manufactures products used in construction, transportation, utility and communications infrastructure, and renewable energy projects, serving customers primarily in the United States and other North American markets.

Arcosa's Construction Products segment supplies aggregates, construction materials, drainage and stormwater management products, and related infrastructure solutions.

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.