Arcosa (NYSE:ACA) Hits New 1-Year High – Should You Buy?

Arcosa, Inc. (NYSE:ACA) hit a new 52-week high during trading on Tuesday . The stock traded as high as $98.40 and last traded at $98.34, with a volume of 16184 shares. The stock had previously closed at $95.66.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Barclays started coverage on shares of Arcosa in a research report on Tuesday, October 29th. They set an “overweight” rating and a $106.00 price objective for the company. Stephens raised shares of Arcosa from an “equal weight” rating to an “overweight” rating and set a $96.00 price objective for the company in a report on Wednesday, August 7th. Finally, Oppenheimer lifted their price target on shares of Arcosa from $100.00 to $105.00 and gave the company an “outperform” rating in a research report on Monday, August 19th.

Arcosa Stock Performance

The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.77 and a current ratio of 3.61. The company has a market cap of $4.78 billion, a P/E ratio of 36.37 and a beta of 0.71. The stock’s fifty day moving average price is $91.91 and its two-hundred day moving average price is $87.27.

Arcosa (NYSE:ACA) last released its earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.13. Arcosa had a return on equity of 6.64% and a net margin of 5.17%. The firm had revenue of $640.40 million during the quarter, compared to analysts’ expectations of $682.52 million. During the same period in the prior year, the company earned $0.73 earnings per share. The company’s quarterly revenue was up 8.2% on a year-over-year basis. As a group, equities analysts predict that Arcosa, Inc. will post 3.6 earnings per share for the current year.

Arcosa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.20%. The ex-dividend date of this dividend was Tuesday, October 15th. Arcosa’s dividend payout ratio is presently 7.60%.

Insiders Place Their Bets

In other news, Director Steven J. Demetriou bought 6,000 shares of the stock in a transaction on Thursday, September 12th. The stock was acquired at an average price of $87.70 per share, with a total value of $526,200.00. Following the acquisition, the director now directly owns 9,943 shares in the company, valued at approximately $872,001.10. This trade represents a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Arcosa news, CEO Antonio Carrillo purchased 12,125 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was acquired at an average price of $82.05 per share, for a total transaction of $994,856.25. Following the purchase, the chief executive officer now owns 406,275 shares of the company’s stock, valued at $33,334,863.75. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Steven J. Demetriou acquired 6,000 shares of Arcosa stock in a transaction dated Thursday, September 12th. The shares were acquired at an average price of $87.70 per share, with a total value of $526,200.00. Following the completion of the acquisition, the director now directly owns 9,943 shares of the company’s stock, valued at approximately $872,001.10. The trade was a 100.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.20% of the company’s stock.

Institutional Trading of Arcosa

Several institutional investors and hedge funds have recently modified their holdings of the stock. Stonegate Investment Group LLC raised its holdings in shares of Arcosa by 3.6% in the third quarter. Stonegate Investment Group LLC now owns 3,095 shares of the company’s stock valued at $293,000 after purchasing an additional 108 shares during the last quarter. Xponance Inc. boosted its stake in shares of Arcosa by 4.4% in the 2nd quarter. Xponance Inc. now owns 3,073 shares of the company’s stock worth $256,000 after buying an additional 130 shares during the last quarter. Sei Investments Co. grew its holdings in shares of Arcosa by 1.1% in the second quarter. Sei Investments Co. now owns 13,495 shares of the company’s stock valued at $1,126,000 after acquiring an additional 146 shares in the last quarter. Arizona State Retirement System increased its position in shares of Arcosa by 1.5% during the second quarter. Arizona State Retirement System now owns 13,595 shares of the company’s stock valued at $1,134,000 after acquiring an additional 195 shares during the last quarter. Finally, Evergreen Capital Management LLC lifted its holdings in Arcosa by 5.5% during the second quarter. Evergreen Capital Management LLC now owns 4,444 shares of the company’s stock worth $371,000 after acquiring an additional 233 shares during the period. 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.