Brokerages Set Arcosa, Inc. (NYSE:ACA) Target Price at $132.50

by · The Cerbat Gem

Shares of Arcosa, Inc. (NYSE:ACA – Get Free Report) have been assigned an average rating of “Moderate Buy” from the five ratings firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $132.50.

A number of research analysts have issued reports on ACA shares. Weiss Ratings downgraded Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Barclays boosted their price target on Arcosa from $115.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Zacks Research cut Arcosa from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 28th. Wall Street Zen cut Arcosa from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Finally, DA Davidson boosted their price objective on Arcosa from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Monday, March 2nd.

Read Our Latest Report on ACA

Institutional Trading of Arcosa

Institutional investors and hedge funds have recently made changes to their positions in the business. State of Wyoming purchased a new stake in shares of Arcosa in the first quarter valued at approximately $30,000. GHP Investment Advisors Inc. purchased a new stake in shares of Arcosa during the first quarter worth approximately $32,000. Farther Finance Advisors LLC increased its position in shares of Arcosa by 73.4% during the fourth quarter. Farther Finance Advisors LLC now owns 307 shares of the company’s stock worth $33,000 after purchasing an additional 130 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Arcosa by 47.8% during the third quarter. Bessemer Group Inc. now owns 368 shares of the company’s stock worth $35,000 after purchasing an additional 119 shares in the last quarter. Finally, Allworth Financial LP increased its position in shares of Arcosa by 392.5% during the fourth quarter. Allworth Financial LP now owns 394 shares of the company’s stock worth $42,000 after purchasing an additional 314 shares in the last quarter. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

Arcosa Trading Up 4.0%

Arcosa stock opened at $125.64 on Wednesday. Arcosa has a 52 week low of $81.91 and a 52 week high of $135.58. The stock has a 50-day moving average price of $115.18 and a 200 day moving average price of $112.90. The company has a quick ratio of 1.60, a current ratio of 2.32 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $6.17 billion, a price-to-earnings ratio of 27.74, a price-to-earnings-growth ratio of 1.79 and a beta of 1.08.

Arcosa (NYSE:ACA – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.38. The company had revenue of $571.70 million for the quarter, compared to the consensus estimate of $642.40 million. Arcosa had a net margin of 7.88% and a return on equity of 8.52%. Arcosa’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.49 EPS. Sell-side analysts anticipate that Arcosa will post 4.22 EPS for the current year.

Arcosa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be given a $0.05 dividend. The ex-dividend date is Wednesday, July 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. Arcosa’s payout ratio is 4.42%.

About Arcosa

(Get Free Report)

Arcosa, Inc (NYSE: ACA) is a Dallas‐based industrial company that was formed through the spin‐off of Trinity Industries’ construction products business in 2018. Since its inception, Arcosa has focused on the manufacture and sale of critical infrastructure components, serving a diverse set of end markets including transportation, construction and energy.

The company’s Construction Products segment produces a broad range of highway safety products, such as guardrail systems, sign supports and crash cushions, as well as aggregates and ready‐mix concrete.

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