Arcosa (NYSE:ACA) Hits New 52-Week High – What’s Next?

Arcosa, Inc. (NYSE:ACA)’s stock price reached a new 52-week high 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.

Analyst Ratings Changes

Several research analysts have recently weighed in on ACA shares. Barclays assumed coverage on Arcosa in a report on Tuesday, October 29th. They set an “overweight” rating and a $106.00 target price on the stock. Stephens upgraded Arcosa from an “equal weight” rating to an “overweight” rating and set a $96.00 price target on the stock in a report on Wednesday, August 7th. Finally, Oppenheimer upped their price objective on shares of Arcosa from $100.00 to $105.00 and gave the company an “outperform” rating in a report on Monday, August 19th.

Arcosa Stock Performance

The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.77 and a current ratio of 3.61. The stock has a market capitalization of $4.78 billion, a PE ratio of 36.37 and a beta of 0.71. The firm’s 50 day moving average is $91.91 and its two-hundred day moving average is $87.27.

Arcosa (NYSE:ACA) last released its 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. The firm had revenue of $640.40 million during the quarter, compared to analysts’ expectations 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 firm posted $0.73 EPS. As a group, research analysts predict that Arcosa, Inc. will post 3.6 earnings per share for the current year.

Arcosa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.20%. The ex-dividend date of this dividend was Tuesday, October 15th. Arcosa’s dividend payout ratio (DPR) is presently 7.60%.

Insider Activity

In other news, CEO Antonio Carrillo acquired 12,125 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were bought at an average price of $82.05 per share, with a total value of $994,856.25. Following the completion of the acquisition, the chief executive officer now owns 406,275 shares in the company, valued at $33,334,863.75. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Bryan Stevenson sold 4,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $83.78, for a total transaction of $335,120.00. Following the transaction, the insider now owns 35,333 shares of the company’s stock, valued at $2,960,198.74. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Antonio Carrillo acquired 12,125 shares of Arcosa stock in a transaction on Thursday, August 8th. The shares were bought at an average cost of $82.05 per share, with a total value of $994,856.25. Following the completion of the purchase, the chief executive officer now owns 406,275 shares in the company, valued at $33,334,863.75. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Arcosa

A number of large investors have recently bought and sold shares of ACA. nVerses Capital LLC purchased a new stake in Arcosa in the 2nd quarter valued at approximately $25,000. Innealta Capital LLC purchased a new position in Arcosa in the 2nd quarter valued at about $69,000. Covestor Ltd lifted its position in shares of Arcosa by 38.8% during the first quarter. Covestor Ltd now owns 888 shares of the company’s stock worth $77,000 after purchasing an additional 248 shares during the last quarter. Essex Investment Management Co. LLC acquired a new position in shares of Arcosa in the 1st quarter valued at about $78,000. Finally, First Trust Direct Indexing L.P. bought a new position in Arcosa during the 3rd quarter worth $206,000. Hedge funds and other institutional investors own 90.66% of the company’s stock.

About Arcosa

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.