Arcosa (NYSE:ACA) Sets New 12-Month High – Still a Buy?

Arcosa, Inc. (NYSE:ACA) shares reached 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 traded. The stock had previously closed at $95.66.

Analysts Set New Price Targets

ACA has been the topic of a number of recent research reports. Oppenheimer upped their price objective on Arcosa from $100.00 to $105.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Barclays assumed coverage on Arcosa in a report on Tuesday, October 29th. They set an “overweight” rating and a $106.00 price target on the stock. Finally, 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 research note on Wednesday, August 7th.

Arcosa Stock Performance

The business has a 50-day moving average price of $92.31 and a 200-day moving average price of $87.54. The company has a quick ratio of 2.77, a current ratio of 3.61 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $5.03 billion, a price-to-earnings ratio of 39.22 and a beta of 0.71.

Arcosa (NYSE:ACA) last released its earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.13. The firm had revenue of $640.40 million for 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%. The firm’s revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.73 EPS. As a group, sell-side analysts forecast that Arcosa, Inc. will post 3.6 earnings per share for the current year.

Arcosa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 15th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.19%. The ex-dividend date was Tuesday, October 15th. Arcosa’s dividend payout ratio is currently 7.60%.

Insider Activity

In related news, insider Bryan Stevenson sold 4,000 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $83.78, for a total transaction of $335,120.00. Following the transaction, the insider now directly owns 35,333 shares in the company, valued at approximately $2,960,198.74. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Steven J. Demetriou purchased 6,000 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was purchased 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 owns 9,943 shares in the company, valued at $872,001.10. This trade represents a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Bryan Stevenson sold 4,000 shares of the business’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $83.78, for a total value of $335,120.00. Following the transaction, the insider now directly owns 35,333 shares in the company, valued at $2,960,198.74. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. nVerses Capital LLC acquired a new position in Arcosa in the 2nd quarter valued at about $25,000. Innealta Capital LLC purchased a new stake in Arcosa in the second quarter valued at approximately $69,000. Covestor Ltd grew its stake in shares of Arcosa by 38.8% in the first quarter. Covestor Ltd now owns 888 shares of the company’s stock valued at $77,000 after buying an additional 248 shares in the last quarter. KBC Group NV lifted its stake in Arcosa by 20.5% during the 3rd quarter. KBC Group NV now owns 1,424 shares of the company’s stock worth $135,000 after acquiring an additional 242 shares in the last quarter. Finally, Bank & Trust Co purchased a new position in Arcosa during the 2nd quarter valued at about $196,000. Institutional investors and hedge funds own 90.66% of the company’s stock.

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.