Arcosa (NYSE:ACA) Sets New 52-Week High at $96.47

Arcosa, Inc. (NYSE:ACA) hit a new 52-week high on Thursday . The stock traded as high as $96.47 and last traded at $95.18, with a volume of 12649 shares traded. The stock had previously closed at $93.56.

Wall Street Analyst Weigh In

ACA has been the topic of a number of research analyst reports. Oppenheimer raised their price objective on shares of Arcosa from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Stephens raised Arcosa from an “equal weight” rating to an “overweight” rating and set a $96.00 target price for the company in a report on Wednesday, August 7th.

Arcosa Trading Up 0.5 %

The stock has a market capitalization of $4.59 billion, a PE ratio of 32.36 and a beta of 0.72. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.36 and a current ratio of 2.31. The business’s 50-day moving average is $87.89 and its two-hundred day moving average is $85.13.

Arcosa (NYSE:ACA) last issued its earnings results on Thursday, August 1st. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.08. The business had revenue of $664.70 million during the quarter, compared to the consensus estimate of $661.54 million. Arcosa had a return on equity of 6.35% and a net margin of 6.05%. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.76 EPS. As a group, equities research analysts anticipate that Arcosa, Inc. will post 3.39 earnings per share for the current year.

Arcosa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.21%. The ex-dividend date of this dividend is Tuesday, October 15th. Arcosa’s dividend payout ratio (DPR) is presently 6.85%.

Insiders Place Their Bets

In related news, CEO Antonio Carrillo acquired 12,125 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average cost of $82.05 per share, for a total transaction of $994,856.25. Following the transaction, the chief executive officer now directly owns 406,275 shares of the company’s stock, valued at approximately $33,334,863.75. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Antonio Carrillo acquired 12,125 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average price of $82.05 per share, for a total transaction of $994,856.25. Following the transaction, the chief executive officer now owns 406,275 shares in the company, valued at approximately $33,334,863.75. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven J. Demetriou bought 6,000 shares of Arcosa stock in a transaction on Thursday, September 12th. The stock was purchased at an average price of $87.70 per share, for a total transaction of $526,200.00. Following the completion of the acquisition, the director now owns 9,943 shares in the company, valued at approximately $872,001.10. The disclosure for this purchase can be found here. 1.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Arcosa

Several institutional investors have recently added to or reduced their stakes in ACA. nVerses Capital LLC acquired a new position in Arcosa during the second quarter worth approximately $25,000. ICA Group Wealth Management LLC acquired a new stake in shares of Arcosa in the fourth quarter worth $33,000. Scarborough Advisors LLC purchased a new position in shares of Arcosa in the 4th quarter valued at $42,000. Innealta Capital LLC acquired a new position in shares of Arcosa during the 2nd quarter valued at $69,000. Finally, Covestor Ltd boosted its position in Arcosa by 38.8% during the 1st quarter. Covestor Ltd now owns 888 shares of the company’s stock worth $77,000 after purchasing an additional 248 shares during the period. 90.66% of the stock is currently owned by institutional investors and hedge funds.

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.