Arcosa (NYSE:ACA) Hits New 52-Week High – Time to Buy?

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

Wall Street Analyst Weigh In

ACA has been the topic of a number of recent analyst reports. Barclays began coverage on shares of Arcosa in a research note on Tuesday, October 29th. They set an “overweight” rating and a $106.00 price objective on the stock. Stephens upgraded shares of Arcosa from an “equal weight” rating to an “overweight” rating and set a $96.00 price target on the stock in a research report on Wednesday, August 7th. Finally, Oppenheimer increased 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 Trading 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 business has a fifty day moving average of $93.51 and a 200-day moving average of $88.41. The stock has a market capitalization of $5.05 billion, a price-to-earnings ratio of 39.38 and a beta of 0.71.

Arcosa (NYSE:ACA) 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. Arcosa had a net margin of 5.17% and a return on equity of 6.64%. The business 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 firm earned $0.73 EPS. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, equities analysts anticipate that Arcosa, Inc. will post 3.38 earnings per share for the current fiscal 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 issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.19%. The ex-dividend date was Tuesday, October 15th. Arcosa’s payout ratio is 7.60%.

Insider Transactions at Arcosa

In related news, insider Bryan Stevenson sold 4,000 shares of Arcosa stock in a transaction dated Friday, August 16th. The stock was 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 document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Bryan Stevenson sold 4,000 shares of the firm’s stock in a transaction that occurred 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 approximately $2,960,198.74. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Steven J. Demetriou acquired 6,000 shares of the stock in a transaction on Thursday, September 12th. The shares were purchased at an average price of $87.70 per share, for a total transaction of $526,200.00. Following the completion of 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 position. The disclosure for this purchase can be found here. 1.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Arcosa

Several hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets lifted its position in shares of Arcosa by 28.3% in the first quarter. BNP Paribas Financial Markets now owns 25,716 shares of the company’s stock worth $2,208,000 after purchasing an additional 5,672 shares in the last quarter. Russell Investments Group Ltd. lifted its position in Arcosa by 6.9% in the 1st quarter. Russell Investments Group Ltd. now owns 294,928 shares of the company’s stock worth $25,323,000 after buying an additional 18,967 shares in the last quarter. ProShare Advisors LLC boosted its stake in shares of Arcosa by 6.1% during the 1st quarter. ProShare Advisors LLC now owns 11,875 shares of the company’s stock valued at $1,020,000 after buying an additional 680 shares during the period. Entropy Technologies LP purchased a new position in shares of Arcosa during the 1st quarter valued at $563,000. Finally, State Board of Administration of Florida Retirement System increased its stake in shares of Arcosa by 25.7% in the first quarter. State Board of Administration of Florida Retirement System now owns 17,412 shares of the company’s stock worth $1,495,000 after acquiring an additional 3,560 shares during the last quarter. 90.66% of the stock is owned by hedge funds and other institutional investors.

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.