Shares of Arcosa Inc (NYSE:ACA) have been assigned an average rating of “Buy” from the seven ratings firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $39.95.
Several equities analysts recently issued reports on ACA shares. Oppenheimer started coverage on shares of Arcosa in a report on Monday, March 4th. They set an “outperform” rating and a $40.00 price target for the company. Zacks Investment Research raised shares of Arcosa from a “hold” rating to a “strong-buy” rating and set a $43.00 price target for the company in a report on Tuesday, May 7th. Stephens started coverage on shares of Arcosa in a report on Monday, March 18th. They set an “equal weight” rating for the company. Finally, DA Davidson started coverage on shares of Arcosa in a report on Thursday, March 21st. They set a “buy” rating and a $29.74 price target for the company.
In other Arcosa news, insider Valueact Capital Master Fund, sold 1,500,000 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $36.03, for a total value of $54,045,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.37% of the company’s stock.
Shares of ACA stock opened at $35.90 on Wednesday. Arcosa has a 12-month low of $21.00 and a 12-month high of $39.74. The company has a market cap of $1.75 billion and a P/E ratio of 19.73. The company’s 50-day moving average price is $35.94. The company has a quick ratio of 1.41, a current ratio of 2.51 and a debt-to-equity ratio of 0.06.
Arcosa (NYSE:ACA) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.26. The firm had revenue of $410.90 million for the quarter, compared to the consensus estimate of $392.16 million. During the same period in the prior year, the business earned $0.45 earnings per share. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. As a group, equities research analysts predict that Arcosa will post 2.08 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, July 15th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend is Friday, July 12th. Arcosa’s payout ratio is presently 10.99%.
Arcosa, Inc manufactures and sells infrastructure-related products and services for the construction, energy, and transportation markets. It operates through three segments: Construction Products Group, Energy Equipment Group, and Transportation Products Group. The Construction Products Group segment offers lightweight and natural construction aggregates, and trench shields and shoring products that are used in construction landscape, including commercial, industrial, road and bridge, and underground construction.
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