Arcosa (NYSE:ACA) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Arcosa (NYSE:ACA) from a hold rating to a buy rating in a report issued on Saturday morning.

ACA has been the subject of a number of other reports. Barclays lifted their price objective on shares of Arcosa from $106.00 to $115.00 and gave the company an “overweight” rating in a report on Monday, November 3rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Arcosa in a research note on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $117.50.

Arcosa Stock Down 3.1%

Shares of NYSE:ACA opened at $122.35 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.30 and a current ratio of 2.02. Arcosa has a 52-week low of $68.11 and a 52-week high of $131.00. The business’s 50 day simple moving average is $115.41 and its two-hundred day simple moving average is $104.19. The firm has a market cap of $6.00 billion, a P/E ratio of 40.51, a PEG ratio of 1.71 and a beta of 1.00.

Arcosa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Thursday, January 15th were paid a $0.05 dividend. The ex-dividend date was Thursday, January 15th. This represents a $0.20 annualized dividend and a yield of 0.2%. Arcosa’s dividend payout ratio (DPR) is 6.62%.

Institutional Trading of Arcosa

A number of institutional investors and hedge funds have recently modified their holdings of ACA. First Horizon Corp purchased a new position in Arcosa in the third quarter worth $32,000. Salomon & Ludwin LLC bought a new stake in shares of Arcosa during the 3rd quarter worth $33,000. Farther Finance Advisors LLC boosted its holdings in shares of Arcosa by 73.4% in the 4th quarter. Farther Finance Advisors LLC now owns 307 shares of the company’s stock worth $33,000 after buying an additional 130 shares during the last quarter. Bessemer Group Inc. grew its position in Arcosa by 47.8% during the third quarter. Bessemer Group Inc. now owns 368 shares of the company’s stock valued at $35,000 after buying an additional 119 shares during the period. Finally, Quarry LP grew its position in Arcosa by 160.0% during the third quarter. Quarry LP now owns 403 shares of the company’s stock valued at $38,000 after buying an additional 248 shares during the period. 90.66% of the stock is owned by hedge funds and other institutional investors.

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.