Arcosa (NYSE:ACA) Cut to Hold at Wall Street Zen

by · The Markets Daily

Wall Street Zen cut shares of Arcosa (NYSE:ACA – Free Report) from a buy rating to a hold rating in a research report report published on Saturday morning.

Other equities research analysts also recently issued research reports about the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Arcosa in a research report on Monday, December 29th. Zacks Research cut Arcosa from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Finally, Barclays lifted their price target on Arcosa from $106.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday, November 3rd. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $115.00.

View Our Latest Analysis on Arcosa

Arcosa Trading Down 0.5%

Shares of Arcosa stock opened at $110.83 on Friday. The company’s 50-day moving average price is $106.19 and its 200-day moving average price is $97.62. The company has a current ratio of 2.02, a quick ratio of 1.30 and a debt-to-equity ratio of 0.61. Arcosa has a 12-month low of $68.11 and a 12-month high of $113.25. The company has a market cap of $5.44 billion, a price-to-earnings ratio of 36.70, a PEG ratio of 1.45 and a beta of 0.99.

Arcosa (NYSE:ACA – Get Free Report) last posted its earnings results on Wednesday, August 17th. The company reported $0.60 earnings per share for the quarter. Arcosa had a net margin of 5.25% and a return on equity of 7.46%. The business had revenue of $515.10 million for the quarter. On average, equities analysts expect that Arcosa will post 3.23 earnings per share for the current fiscal year.

Arcosa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Thursday, January 15th. Arcosa’s dividend payout ratio is presently 6.62%.

Hedge Funds Weigh In On Arcosa

A number of large investors have recently modified their holdings of the company. First Horizon Corp purchased a new stake in Arcosa in the third quarter worth approximately $32,000. Salomon & Ludwin LLC bought a new stake in shares of Arcosa in the 3rd quarter worth approximately $33,000. Bessemer Group Inc. boosted its stake in shares of Arcosa by 47.8% in the 3rd quarter. Bessemer Group Inc. now owns 368 shares of the company’s stock valued at $35,000 after purchasing an additional 119 shares in the last quarter. Quarry LP grew its holdings in shares of Arcosa by 160.0% during the 3rd quarter. Quarry LP now owns 403 shares of the company’s stock valued at $38,000 after purchasing an additional 248 shares during the last quarter. Finally, Trust Co. of Toledo NA OH bought a new position in shares of Arcosa during the 2nd quarter valued at $40,000. 90.66% of the stock is owned by hedge funds and other institutional investors.

Arcosa Company Profile

(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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