Arcosa, Inc. (ACA) To Go Ex-Dividend on October 15th

Arcosa, Inc. (NYSE:ACA) announced a quarterly dividend on Wednesday, September 2nd. Shareholders of record on Thursday, October 15th will be paid a dividend of 0.05 per share on Friday, October 30th. This represents a c) dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Thursday, October 15th.

Arcosa has a payout ratio of 4.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Arcosa to earn $4.91 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 4.1%.

Arcosa Stock Performance

NYSE ACA opened at $145.50 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.12 and a quick ratio of 2.31. The firm has a market cap of $7.15 billion, a price-to-earnings ratio of 14.58, a PEG ratio of 2.19 and a beta of 1.07. Arcosa has a 1 year low of $89.03 and a 1 year high of $146.92. The company has a fifty day moving average price of $145.12 and a 200-day moving average price of $128.31.

Arcosa (NYSE:ACA) last posted its earnings results on Wednesday, August 5th. The company reported $1.13 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.05). The firm had revenue of $658.70 million for the quarter, compared to the consensus estimate of $687.50 million. Arcosa had a return on equity of 7.90% and a net margin of 17.90%.Arcosa’s quarterly revenue was down 10.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.27 EPS. As a group, equities research analysts predict that Arcosa will post 4.16 EPS for the current fiscal year.

Institutional Investors Weigh In On Arcosa

Institutional investors have recently bought and sold shares of the business. BlackRock Inc. bought a new stake in Arcosa in the 2nd quarter valued at $1,222,486,000. California State Teachers Retirement System grew its stake in Arcosa by 15,168.8% in the 2nd quarter. California State Teachers Retirement System now owns 7,967,704 shares of the company’s stock worth $1,157,628,000 after acquiring an additional 7,915,521 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Arcosa by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,322,901 shares of the company’s stock worth $246,976,000 after buying an additional 13,059 shares during the period. Capital International Investors lifted its position in shares of Arcosa by 0.7% in the 4th quarter. Capital International Investors now owns 2,244,231 shares of the company’s stock worth $238,607,000 after purchasing an additional 15,956 shares during the period. Finally, State Street Corp grew its stake in Arcosa by 1.9% in the fourth quarter. State Street Corp now owns 1,948,344 shares of the company’s stock valued at $207,148,000 after purchasing an additional 36,852 shares during the last quarter. Hedge funds and other institutional investors 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.