Arcosa (NYSE:ACA) Sets New 1-Year High – Still a Buy?

Arcosa, Inc. (NYSE:ACA) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $136.00 and last traded at $133.98, with a volume of 50139 shares traded. The stock had previously closed at $132.66.

Analyst Ratings Changes

Several research firms recently commented on ACA. Weiss Ratings lowered shares of Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Barclays upped their price target on shares of Arcosa from $115.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Wall Street Zen upgraded Arcosa from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Zacks Research cut Arcosa from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 28th. Finally, Oppenheimer assumed coverage on Arcosa in a research note on Thursday, May 28th. They issued an “outperform” rating and a $150.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Arcosa presently has an average rating of “Moderate Buy” and a consensus target price of $138.33.

Arcosa Stock Up 1.1%

The stock’s 50-day moving average price is $121.52 and its two-hundred day moving average price is $115.55. The stock has a market capitalization of $6.58 billion, a PE ratio of 29.69, a P/E/G ratio of 1.89 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.

Arcosa (NYSE:ACA) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.38. Arcosa had a return on equity of 8.52% and a net margin of 7.88%.The firm had revenue of $571.70 million during the quarter, compared to analyst estimates of $642.40 million. During the same quarter in the previous year, the firm earned $0.49 EPS. Arcosa’s quarterly revenue was up 5.0% compared to the same quarter last year. As a group, analysts expect that Arcosa, Inc. will post 4.25 EPS for the current fiscal year.

Arcosa Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.1%. Arcosa’s dividend payout ratio (DPR) is presently 4.42%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. State of Wyoming bought a new stake in Arcosa in the 1st quarter worth about $30,000. GHP Investment Advisors Inc. bought a new position in Arcosa during the 1st quarter valued at about $32,000. Farther Finance Advisors LLC boosted its holdings in shares of Arcosa by 73.4% during the 4th quarter. Farther Finance Advisors LLC now owns 307 shares of the company’s stock valued at $33,000 after acquiring an additional 130 shares during the last quarter. Quarry LP boosted 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 acquiring an additional 248 shares during the last quarter. Finally, Allworth Financial LP grew its stake in shares of Arcosa by 392.5% in the fourth quarter. Allworth Financial LP now owns 394 shares of the company’s stock worth $42,000 after acquiring an additional 314 shares during the period. 90.66% of the stock is owned by 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.