Arcosa (NYSE:ACA) Hits New 1-Year High – Time to Buy?

Shares of Arcosa, Inc. (NYSE:ACA) hit a new 52-week high during mid-day trading on Tuesday. The company traded as high as $147.55 and last traded at $147.5150, with a volume of 451,275 shares changing hands. The stock had previously closed at $147.33.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Stephens set a $150.00 price target on Arcosa in a report on Thursday, August 6th. Weiss Ratings upgraded Arcosa from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, October 12th. Finally, Oppenheimer lowered Arcosa from an “outperform” rating to a “market perform” rating in a research note on Friday, June 26th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $141.25.

Arcosa Price Performance

The business’s 50-day moving average price is $146.05 and its 200 day moving average price is $136.63. The company has a quick ratio of 2.31, a current ratio of 3.12 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $7.32 billion, a P/E ratio of 14.93, a price-to-earnings-growth ratio of 2.22 and a beta of 1.08.

Arcosa (NYSE:ACA) last issued its quarterly earnings data 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 analysts’ expectations of $687.50 million. Arcosa had a net margin of 17.90% and a return on equity of 7.90%. Arcosa’s revenue was down 10.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.27 EPS. Analysts anticipate that Arcosa, Inc. will post 4.16 EPS for the current fiscal year.

Arcosa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 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 Thursday, October 15th. Arcosa’s dividend payout ratio (DPR) is presently 2.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Arcosa in the second quarter worth $1,222,486,000. Pentwater Capital Management LP bought a new stake in Arcosa during the second quarter worth about $95,891,000. Bank of New York Mellon Corp bought a new stake in Arcosa in the 2nd quarter worth approximately $50,804,000. Punch & Associates Investment Management Inc. bought a new stake in shares of Arcosa in the 2nd quarter worth approximately $50,494,000. Finally, Bank of America Corp DE purchased a new stake in Arcosa during the second quarter valued at about $38,552,000. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

Arcosa Company Profile

Arcosa, Inc (NYSE: ACA) is an infrastructure products company headquartered in Dallas, Texas. The company develops and manufactures products used in construction, transportation, utility and communications infrastructure, and renewable energy projects, serving customers primarily in the United States and other North American markets.

Arcosa’s Construction Products segment supplies aggregates, construction materials, drainage and stormwater management products, and related infrastructure solutions.