Arcosa, Inc. (NYSE:ACA - Get Free Report) hit a new 52-week high on Monday . The stock traded as high as $108.50 and last traded at $108.50, with a volume of 211 shares trading hands. The stock had previously closed at $105.72.
Wall Street Analyst Weigh In
A number of analysts have commented on the company. Stephens raised 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. Barclays initiated coverage on Arcosa in a report on Tuesday, October 29th. They set an "overweight" rating and a $106.00 price target for the company. Finally, Oppenheimer upped their target price on shares of Arcosa from $100.00 to $105.00 and gave the stock an "outperform" rating in a research note on Monday, August 19th.
Check Out Our Latest Stock Report on ACA
Arcosa Trading Up 0.5 %
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 company has a market capitalization of $5.18 billion, a P/E ratio of 40.20 and a beta of 0.71. The firm has a fifty day moving average price of $92.87 and a 200-day moving average price of $88.01.
Arcosa (NYSE:ACA - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.78 by $0.13. The company had revenue of $640.40 million for 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%. The business's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.73 EPS. On average, equities research analysts anticipate that Arcosa, Inc. will post 3.38 earnings per share for the current year.
Arcosa Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.19%. Arcosa's payout ratio is currently 7.60%.
Insider Buying and Selling at Arcosa
In other news, Director Steven J. Demetriou acquired 6,000 shares of the firm's stock in a transaction that occurred on Thursday, September 12th. The stock was 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 in the company, valued at $872,001.10. The trade was a 100.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Arcosa news, Director Steven J. Demetriou purchased 6,000 shares of the company's stock in a transaction that occurred on Thursday, September 12th. The shares were bought at an average cost of $87.70 per share, for a total transaction of $526,200.00. Following the purchase, the director now owns 9,943 shares of the company's stock, valued at $872,001.10. This represents a 100.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 completion of the transaction, the insider now owns 35,333 shares of the company's stock, valued at $2,960,198.74. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the stock. nVerses Capital LLC bought a new position in shares of Arcosa in the second quarter worth $25,000. Innealta Capital LLC purchased a new stake in shares of Arcosa in the 2nd quarter valued at about $69,000. Covestor Ltd boosted its position in shares of Arcosa by 38.8% during the 1st quarter. Covestor Ltd now owns 888 shares of the company's stock valued at $77,000 after acquiring an additional 248 shares during the last quarter. KBC Group NV grew its holdings in shares of Arcosa by 20.5% during the third quarter. KBC Group NV now owns 1,424 shares of the company's stock worth $135,000 after purchasing an additional 242 shares in the last quarter. Finally, Bank & Trust Co bought a new position in shares of Arcosa in the second quarter worth approximately $196,000. Hedge funds and other institutional investors own 90.66% of the company's stock.
About Arcosa
(
Get Free Report)
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.
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