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

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ACA shares. DA Davidson raised their target price on Arcosa from $90.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. Oppenheimer raised their target price on Arcosa from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $90.00.

Arcosa Trading Up 1.0 %

The company has a current ratio of 2.28, a quick ratio of 1.36 and a debt-to-equity ratio of 0.25. The firm’s 50-day moving average is $81.75 and its 200 day moving average is $78.70. The firm has a market capitalization of $4.27 billion, a price-to-earnings ratio of 30.09 and a beta of 0.69.

Arcosa (NYSE:ACA) last issued its quarterly earnings results on Friday, May 3rd. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.21. The company had revenue of $598.60 million for the quarter, compared to analyst estimates of $580.06 million. Arcosa had a net margin of 6.05% and a return on equity of 6.13%. Arcosa’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.06 earnings per share. On average, equities analysts predict that Arcosa, Inc. will post 3.43 earnings per share for the current fiscal year.

Arcosa Announces Dividend

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

Hedge Funds Weigh In On Arcosa

A number of hedge funds have recently bought and sold shares of ACA. Criterion Capital Advisors LLC acquired a new stake in Arcosa during the 4th quarter worth about $33,000. ICA Group Wealth Management LLC acquired a new stake in shares of Arcosa during the 4th quarter worth approximately $33,000. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Arcosa in the 4th quarter valued at $36,000. Scarborough Advisors LLC bought a new position in Arcosa during the fourth quarter worth $42,000. Finally, Harvest Fund Management Co. Ltd grew its holdings in Arcosa by 533.6% in the third quarter. Harvest Fund Management Co. Ltd now owns 925 shares of the company’s stock worth $67,000 after purchasing an additional 779 shares during the period. Institutional investors 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.