Arcosa (NYSE:ACA) Stock Price Expected to Rise, Oppenheimer Analyst Says

Arcosa (NYSE:ACA) had its target price hoisted by Oppenheimer from $105.00 to $110.00 in a research note issued to investors on Tuesday,Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

Separately, Barclays started coverage on Arcosa in a report on Tuesday, October 29th. They issued an “overweight” rating and a $106.00 price target for the company.

Arcosa Price Performance

Shares of NYSE ACA opened at $96.26 on Tuesday. The stock’s 50-day moving average is $103.05 and its two-hundred day moving average is $94.00. The company has a market cap of $4.70 billion, a price-to-earnings ratio of 36.60 and a beta of 0.76. Arcosa has a 1-year low of $72.75 and a 1-year high of $113.43. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.61 and a quick ratio of 2.77.

Arcosa (NYSE:ACA) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.13. The company had revenue of $640.40 million during the quarter, compared to the consensus estimate of $682.52 million. Arcosa had a return on equity of 6.64% and a net margin of 5.17%. Arcosa’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.73 EPS. Analysts forecast that Arcosa will post 3.37 EPS for the current fiscal year.

Arcosa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.21%. Arcosa’s dividend payout ratio (DPR) is presently 7.60%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Victory Capital Management Inc. grew its holdings in shares of Arcosa by 2.9% during the second quarter. Victory Capital Management Inc. now owns 16,078 shares of the company’s stock worth $1,341,000 after buying an additional 454 shares during the last quarter. American Century Companies Inc. lifted its position in Arcosa by 2.8% during the 2nd quarter. American Century Companies Inc. now owns 12,449 shares of the company’s stock worth $1,038,000 after acquiring an additional 339 shares during the period. Oppenheimer Asset Management Inc. grew its stake in shares of Arcosa by 47.6% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 7,166 shares of the company’s stock valued at $598,000 after purchasing an additional 2,312 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Arcosa in the second quarter valued at approximately $1,902,000. Finally, Hsbc Holdings PLC increased its stake in Arcosa by 19.7% in the 2nd quarter. Hsbc Holdings PLC now owns 18,579 shares of the company’s stock valued at $1,550,000 after buying an additional 3,052 shares during the period. 90.66% of the stock is owned by hedge funds and other institutional investors.

Arcosa Company Profile

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.