Arcosa (NYSE:ACA) Sees Unusually-High Trading Volume – What’s Next?

Shares of Arcosa, Inc. (NYSE:ACA) saw strong trading volume on Wednesday . Approximately 564,764 shares were traded during mid-day trading, an increase of 62% from the previous session’s volume of 347,562 shares.The stock last traded at $144.4850 and had previously closed at $144.92.

Wall Street Analyst Weigh In

ACA has been the subject of a number of research analyst reports. Oppenheimer assumed coverage on Arcosa in a research report on Thursday, May 28th. They set an “outperform” rating and a $150.00 target price for the company. Zacks Research upgraded shares of Arcosa from a “strong sell” rating to a “hold” rating in a research note on Monday. Texas Capital lowered shares of Arcosa from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Barclays boosted their price objective on shares of Arcosa from $115.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Finally, Wall Street Zen upgraded Arcosa from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $138.33.

Arcosa Stock Down 0.3%

The firm has a market capitalization of $7.09 billion, a P/E ratio of 31.90, a PEG ratio of 2.13 and a beta of 1.06. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.60 and a current ratio of 2.32. The business’s fifty day moving average price is $124.49 and its two-hundred day moving average price is $116.70.

Arcosa (NYSE:ACA) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.38. The firm 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%. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.49 EPS. Equities analysts expect that Arcosa, Inc. will post 4.25 earnings per share for the current fiscal year.

Arcosa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Wednesday, July 15th. Arcosa’s payout ratio is currently 4.42%.

Institutional Trading of Arcosa

Several hedge funds and other institutional investors have recently made changes to their positions in ACA. Franklin Resources Inc. boosted its position in shares of Arcosa by 2,770.5% in the 4th quarter. Franklin Resources Inc. now owns 736,018 shares of the company’s stock worth $78,253,000 after purchasing an additional 710,377 shares in the last quarter. Norges Bank acquired a new position in Arcosa during the 4th quarter valued at about $68,225,000. Capital International Investors increased its position in 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 buying an additional 491,165 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in Arcosa by 25.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,707,884 shares of the company’s stock valued at $181,583,000 after buying an additional 342,242 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in Arcosa by 80.5% in the second quarter. Bank of America Corp DE now owns 465,140 shares of the company’s stock valued at $40,332,000 after buying an additional 207,457 shares during the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.

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.