Arcosa (NYSE:ACA) Downgraded by Wall Street Zen to Hold

Wall Street Zen downgraded shares of Arcosa (NYSE:ACA) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.

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

Arcosa Stock Up 2.7%

ACA opened at $111.30 on Friday. Arcosa has a fifty-two week low of $68.11 and a fifty-two week high of $113.25. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.30 and a current ratio of 2.02. The company has a fifty day moving average of $106.01 and a two-hundred day moving average of $97.37. The stock has a market capitalization of $5.46 billion, a price-to-earnings ratio of 36.85, a PEG ratio of 1.45 and a beta of 0.99.

Arcosa (NYSE:ACA) last posted its earnings results on Wednesday, August 17th. The company reported $0.60 earnings per share (EPS) 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, research analysts expect that Arcosa will post 3.23 earnings per share for the current year.

Arcosa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be given 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 6.62%.

Institutional Trading of Arcosa

A number of hedge funds have recently bought and sold shares of ACA. McElhenny Sheffield Capital Management LLC acquired a new position in shares of Arcosa during the 2nd quarter worth approximately $93,040,000. Norges Bank acquired a new stake in shares of Arcosa in the 2nd quarter worth $49,475,000. Capital International Investors boosted its position in shares of Arcosa by 28.3% during the 3rd quarter. Capital International Investors now owns 2,228,275 shares of the company’s stock valued at $208,812,000 after acquiring an additional 491,165 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in Arcosa during the third quarter worth about $37,035,000. Finally, Bank of America Corp DE increased its position in Arcosa by 80.5% during the second quarter. Bank of America Corp DE now owns 465,140 shares of the company’s stock worth $40,332,000 after purchasing an additional 207,457 shares during the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

About Arcosa

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.