Arcosa (NYSE:ACA) Reaches New 12-Month High – What’s Next?

Arcosa, Inc. (NYSE:ACA)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $116.09 and last traded at $113.5850, with a volume of 31488 shares trading hands. The stock had previously closed at $111.17.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on ACA shares. Zacks Research cut shares of Arcosa from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Arcosa in a research note on Monday, December 29th. Wall Street Zen lowered shares of Arcosa from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Barclays upped their target price on shares of Arcosa from $106.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday, November 3rd. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $117.50.

Arcosa Price Performance

The company has a 50 day moving average of $106.40 and a 200 day moving average of $97.78. The company has a current ratio of 2.02, a quick ratio of 1.30 and a debt-to-equity ratio of 0.61. The firm has a market cap of $5.45 billion, a price-to-earnings ratio of 36.86, a P/E/G ratio of 1.44 and a beta of 0.99.

Arcosa (NYSE:ACA) last announced its quarterly earnings results on Thursday, October 30th. The company reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.23. Arcosa had a return on equity of 7.46% and a net margin of 5.25%.The company had revenue of $797.80 million during the quarter, compared to the consensus estimate of $782.76 million. During the same period in the prior year, the company earned $0.91 earnings per share. The company’s revenue for the quarter was up 24.6% compared to the same quarter last year. Equities research analysts predict that Arcosa, Inc. will post 3.23 EPS for the current fiscal year.

Arcosa Announces Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Thursday, January 15th. Arcosa’s dividend payout ratio is 6.62%.

Hedge Funds Weigh In On Arcosa

Several hedge funds have recently made changes to their positions in the business. First Horizon Corp acquired a new stake in shares of Arcosa in the third quarter valued at approximately $32,000. Salomon & Ludwin LLC acquired a new position in shares of Arcosa during the 3rd quarter worth about $33,000. Bessemer Group Inc. increased its position in shares of Arcosa by 47.8% in the third quarter. Bessemer Group Inc. now owns 368 shares of the company’s stock valued at $35,000 after acquiring an additional 119 shares during the last quarter. Quarry LP raised its holdings in Arcosa by 160.0% during the third quarter. Quarry LP now owns 403 shares of the company’s stock worth $38,000 after acquiring an additional 248 shares in the last quarter. Finally, Trust Co. of Toledo NA OH acquired a new position in Arcosa during the second quarter valued at approximately $40,000. 90.66% of the stock is owned by institutional investors.

Arcosa Company Profile

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.