Arcosa (NYSE:ACA) Reaches New 12-Month High – What’s Next?

Arcosa, Inc. (NYSE:ACA)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $108.50 and last traded at $108.50, with a volume of 211 shares traded. The stock had previously closed at $105.72.

Analysts Set New Price Targets

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

Arcosa Stock Down 2.5 %

The company has a debt-to-equity ratio of 0.51, a current ratio of 3.61 and a quick ratio of 2.77. The firm has a market capitalization of $5.05 billion, a P/E ratio of 39.38 and a beta of 0.71. The business has a 50 day moving average price of $93.51 and a 200 day moving average price of $88.41.

Arcosa (NYSE:ACA) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 EPS 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 company had revenue of $640.40 million for the quarter, compared to the consensus estimate of $682.52 million. During the same period in the previous year, the business posted $0.73 EPS. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, analysts predict that Arcosa, Inc. will post 3.38 earnings per share for the current year.

Arcosa Dividend Announcement

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

Insiders Place Their Bets

In related news, Director Steven J. Demetriou acquired 6,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the director now owns 9,943 shares of the company’s stock, valued at approximately $872,001.10. This represents a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Steven J. Demetriou acquired 6,000 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were bought at an average price of $87.70 per share, with a total value of $526,200.00. Following the acquisition, the director now owns 9,943 shares of the company’s stock, valued at $872,001.10. This trade represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bryan Stevenson sold 4,000 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $83.78, for a total value of $335,120.00. Following the completion of the transaction, the insider now owns 35,333 shares of the company’s stock, valued at $2,960,198.74. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Institutional Trading of Arcosa

Large investors have recently added to or reduced their stakes in the company. Boston Partners increased its holdings in Arcosa by 272.6% during the 1st quarter. Boston Partners now owns 220,961 shares of the company’s stock valued at $18,947,000 after purchasing an additional 161,662 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Arcosa by 152.2% in the third quarter. Harbor Capital Advisors Inc. now owns 195,358 shares of the company’s stock valued at $18,512,000 after buying an additional 117,892 shares during the last quarter. Algert Global LLC acquired a new position in Arcosa during the 2nd quarter worth about $8,915,000. Synergy Asset Management LLC grew its holdings in Arcosa by 88.5% during the 2nd quarter. Synergy Asset Management LLC now owns 115,097 shares of the company’s stock worth $9,600,000 after acquiring an additional 54,045 shares during the last quarter. Finally, Millennium Management LLC raised its stake in shares of Arcosa by 378.5% in the second quarter. Millennium Management LLC now owns 54,358 shares of the company’s stock worth $4,534,000 after acquiring an additional 42,997 shares during the last quarter. 90.66% of the stock is owned by 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.