Arcosa (NYSE:ACA) Sets New 1-Year High - Should You Buy?

Arcosa, Inc. (NYSE:ACA - Get Free Report) 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. The stock had previously closed at $95.66.

Analysts Set New Price Targets

ACA has been the subject of several recent analyst reports. Oppenheimer upped their target price on Arcosa from $100.00 to $105.00 and gave the stock an "outperform" rating in a research note on Monday, August 19th. Barclays began coverage on shares of Arcosa in a report on Tuesday, October 29th. They set an "overweight" rating and a $106.00 price target for the company. Finally, Stephens upgraded Arcosa from an "equal weight" rating to an "overweight" rating and set a $96.00 price objective for the company in a report on Wednesday, August 7th.

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 fifty day simple moving average of $91.91 and a two-hundred day simple moving average of $87.27. The stock has a market capitalization of $4.81 billion, a price-to-earnings ratio of 37.52 and a beta of 0.71.

Arcosa (NYSE:ACA - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.78 by $0.13. Arcosa had a return on equity of 6.64% and a net margin of 5.17%. The firm had revenue of $640.40 million during the quarter, compared to the consensus estimate of $682.52 million. During the same period last year, the business posted $0.73 EPS. The business's revenue was up 8.2% compared to the same quarter last year. Analysts forecast that Arcosa, Inc. will post 3.6 earnings per share for the current fiscal year.

Arcosa Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Tuesday, October 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.20%. Arcosa's dividend payout ratio (DPR) is presently 7.60%.

Insider Transactions at Arcosa

In related news, insider Bryan Stevenson sold 4,000 shares of the firm's stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $83.78, for a total value of $335,120.00. Following the transaction, the insider now owns 35,333 shares of the company's stock, valued at approximately $2,960,198.74. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Arcosa news, insider Bryan Stevenson sold 4,000 shares of Arcosa stock in a transaction that occurred on 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 owns 35,333 shares of the company's stock, valued at $2,960,198.74. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven J. Demetriou bought 6,000 shares of the company's stock in a transaction on Thursday, September 12th. The shares were purchased at an average cost of $87.70 per share, for a total transaction of $526,200.00. Following the transaction, the director now owns 9,943 shares in the company, valued at approximately $872,001.10. This represents a 100.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.20% of the company's stock.

Institutional Investors Weigh In On Arcosa

Large investors have recently modified their holdings of the stock. Aptus Capital Advisors LLC grew its stake in Arcosa by 15.5% in the 3rd quarter. Aptus Capital Advisors LLC now owns 74,976 shares of the company's stock valued at $7,105,000 after buying an additional 10,082 shares in the last quarter. Peregrine Asset Advisers Inc. bought a new position in Arcosa in the 3rd quarter valued at $590,000. River Global Investors LLP boosted its holdings in Arcosa by 11.4% in the 3rd quarter. River Global Investors LLP now owns 80,228 shares of the company's stock valued at $7,596,000 after purchasing an additional 8,222 shares during the period. QRG Capital Management Inc. boosted its holdings in Arcosa by 15.5% in the 3rd quarter. QRG Capital Management Inc. now owns 3,018 shares of the company's stock valued at $286,000 after purchasing an additional 406 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its holdings in Arcosa by 152.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 195,358 shares of the company's stock valued at $18,512,000 after purchasing an additional 117,892 shares during the period. 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.