Arcosa (NYSE:ACA) Reaches New 1-Year High at $89.17

Arcosa, Inc. (NYSE:ACA) reached a new 52-week high during trading on Tuesday . The stock traded as high as $89.17 and last traded at $88.47, with a volume of 100365 shares. The stock had previously closed at $87.01.

Analysts Set New Price Targets

Several brokerages recently issued reports on ACA. Oppenheimer boosted their price objective on shares of Arcosa from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. DA Davidson boosted their price objective on shares of Arcosa from $90.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.00.

Arcosa Stock Performance

The company has a market capitalization of $4.27 billion, a price-to-earnings ratio of 30.09 and a beta of 0.69. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.36 and a current ratio of 2.28. The firm has a 50-day simple moving average of $81.75 and a two-hundred day simple moving average of $78.70.

Arcosa (NYSE:ACA) last released its earnings results on Friday, May 3rd. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.21. The company had revenue of $598.60 million during the quarter, compared to the consensus estimate of $580.06 million. Arcosa had a return on equity of 6.13% and a net margin of 6.05%. Arcosa’s revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.06 EPS. On average, sell-side analysts anticipate that Arcosa, Inc. will post 3.43 EPS for the current fiscal year.

Arcosa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th were issued a $0.05 dividend. The ex-dividend date of this dividend was Friday, April 12th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.23%. Arcosa’s payout ratio is 6.85%.

Institutional Trading of Arcosa

A number of institutional investors have recently bought and sold shares of the business. Susquehanna Fundamental Investments LLC purchased a new stake in Arcosa during the first quarter worth approximately $1,484,000. River Global Investors LLP purchased a new stake in shares of Arcosa during the 1st quarter worth approximately $1,492,000. Oppenheimer & Co. Inc. boosted its holdings in shares of Arcosa by 8.1% in the 1st quarter. Oppenheimer & Co. Inc. now owns 24,121 shares of the company’s stock valued at $2,071,000 after buying an additional 1,802 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of Arcosa in the 1st quarter valued at $1,226,000. Finally, Texas Permanent School Fund Corp raised its stake in Arcosa by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 42,674 shares of the company’s stock worth $3,664,000 after acquiring an additional 553 shares in the last quarter. 90.66% of the stock is owned by hedge funds and other institutional investors.

About Arcosa

Arcosa, Inc, together with its subsidiaries, provides infrastructure-related products and solutions for the construction, engineered structures, and transportation markets in the United States. It operates through three segments: Construction Products, Engineered Structures, and Transportation Products.