Arcosa Inc (NYSE:ACA) Receives Consensus Rating of “Buy” from Analysts

Arcosa Inc (NYSE:ACA) has received a consensus rating of “Buy” from the six research firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $42.19.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded Arcosa from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research note on Monday, December 16th. ValuEngine lowered Arcosa from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. Finally, Sidoti boosted their price target on Arcosa from $47.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, December 13th.

A number of hedge funds and other institutional investors have recently modified their holdings of ACA. First Trust Advisors LP purchased a new stake in Arcosa in the first quarter valued at approximately $4,006,000. Wells Fargo & Company MN boosted its position in Arcosa by 110.0% in the 2nd quarter. Wells Fargo & Company MN now owns 115,843 shares of the company’s stock worth $4,359,000 after purchasing an additional 60,683 shares in the last quarter. Bank of Montreal Can boosted its position in Arcosa by 4.2% in the 2nd quarter. Bank of Montreal Can now owns 21,611 shares of the company’s stock worth $813,000 after purchasing an additional 880 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Arcosa by 20.2% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 581,322 shares of the company’s stock worth $21,876,000 after purchasing an additional 97,663 shares in the last quarter. Finally, LPL Financial LLC purchased a new stake in Arcosa in the 2nd quarter worth approximately $219,000. Hedge funds and other institutional investors own 81.57% of the company’s stock.

Shares of ACA stock traded down $0.55 during trading hours on Friday, reaching $46.52. 243,024 shares of the company’s stock were exchanged, compared to its average volume of 304,850. Arcosa has a 1 year low of $28.18 and a 1 year high of $47.47. The stock has a market cap of $2.28 billion, a PE ratio of 20.38, a PEG ratio of 1.43 and a beta of 0.45. The company has a current ratio of 3.01, a quick ratio of 1.65 and a debt-to-equity ratio of 0.06. The stock’s fifty day moving average price is $43.65 and its two-hundred day moving average price is $37.38.

Arcosa (NYSE:ACA) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.14. Arcosa had a return on equity of 6.60% and a net margin of 7.20%. The business had revenue of $445.00 million for the quarter, compared to analyst estimates of $468.30 million. During the same quarter in the previous year, the firm earned $0.07 earnings per share. The company’s revenue was up 17.5% on a year-over-year basis. On average, equities analysts expect that Arcosa will post 2.28 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be given a $0.05 dividend. The ex-dividend date is Tuesday, January 14th. This represents a $0.20 dividend on an annualized basis and a yield of 0.43%. Arcosa’s dividend payout ratio is currently 10.99%.

About Arcosa

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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