In yesterday’s Wall Street session, Arcosa Inc. (NYSE:ACA) shares traded at $56.98, down -0.09% from the previous session.
6 analysts cover Arcosa Inc. (NYSE:ACA), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $80.00 and a low of $67.00, we find $73.00. Given the previous closing price of $57.03, this indicates a potential upside of 28.0 percent. ACA stock price is now -1.58% away from the 50-day moving average and 0.59% away from the 200-day moving average. The market capitalization of the company currently stands at $2.84B.
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The stock has received a hold rating from 3 analysts and a buy rating from 3. Brokers who have rated the stock have averaged $73.00 as their price target over the next twelve months.
With the price target reduced from $75 to $65, Stephens Downgraded its rating from Overweight to Equal-Weight for Arcosa Inc. (NYSE: ACA). On November 02, 2021, Loop Capital recently initiated its ‘Buy’ rating on the stock quoting a target price of $63, while ‘Berenberg’ rates the stock as ‘Buy’.
In other news, Henderson Mary E, CAO sold 6,000 shares of the company’s stock on Dec 12. The stock was sold for $350,760 at an average price of $58.46. Upon completion of the transaction, the CAO now directly owns 37,315 shares in the company, valued at $2.13 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 16, Chief Financial Officer Peck Gail M sold 8,500 shares of the business’s stock. A total of $499,205 was realized by selling the stock at an average price of $58.73. This leaves the insider owning 32,575 shares of the company worth $1.86 million. Insiders disposed of 234,014 shares of company stock worth roughly $13.33 million over the past 1 year. A total of 0.90% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ACA stock. A new stake in Arcosa Inc. shares was purchased by CAPITAL GROUP INVESTMENT MANAGEMENT PTE. LTD. during the first quarter worth $23,245,000. DRIEHAUS CAPITAL MANAGEMENT LLC invested $14,719,000 in shares of ACA during the first quarter. In the first quarter, LISANTI CAPITAL GROWTH, LLC acquired a new stake in Arcosa Inc. valued at approximately $4,320,000. AMALGAMATED FINANCIAL CORP. acquired a new stake in ACA for approximately $1,246,000. DYNAMIC TECHNOLOGY LAB PRIVATE LTD purchased a new stake in ACA valued at around $913,000 in the second quarter. In total, there are 374 active investors with 91.90% ownership of the company’s stock.
On Tuesday morning Arcosa Inc. (NYSE: ACA) stock kicked off with the opening price of $58.39. During the past 12 months, Arcosa Inc. has had a low of $43.52 and a high of $65.80. As of last week, the company has a debt-to-equity ratio of 0.25, a current ratio of 2.30, and a quick ratio of 1.50. The fifty day moving average price for ACA is $57.93 and a two-hundred day moving average price translates $56.67 for the stock.
The latest earnings results from Arcosa Inc. (NYSE: ACA) was released for Sep, 2022. According to the Infrastructure Operations Company, earnings per share came in at $0.7, beating analysts’ expectations of $0.62 by 0.08. This compares to $0.19 EPS in the same period last year. The net profit margin was 10.90% and return on equity was 12.00% for ACA. The company reported revenue of $500.3 million for the quarter, compared to $521.8 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.12 percent. For the current quarter, analysts expect ACA to generate $477.34M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 04/28/2023. Investors who held shares on 04/14/2023 were paid a $0.05 dividend. On an annualized basis, this represents a $0.20 dividend and a 0.35% percent yield. There was an ex-dividend date of 04/13/2023 for this dividend. In terms of dividend payout ratio, ACA is presently at 3.90%.
Arcosa Inc.(ACA) Company Profile
Arcosa, Inc., together with its subsidiaries, provides infrastructure-related products and solutions for the construction, energy, and transportation markets in North America. It operates through three segments: Construction Products, Engineered Structures, and Transportation Products. The Construction Products segment offers natural and recycled aggregates; specialty materials; and trench shields and shoring products for residential and non-residential construction, agriculture, specialty building products, as well as for infrastructure related projects. The Engineered Structures segment provides utility structures, wind towers, traffic and lighting structures, telecommunication structures, storage and distribution tanks for electricity transmission and distribution, wind power generation, highway road construction, and wireless communication markets, as well as for gas and liquids storage and transportation for residential, commercial, energy, agriculture, and industrial markets. The Transportation Products segment offers inland barges; fiberglass barge covers, winches, and other components; cast components for industrial and mining sectors; and axles, circular forgings, coupling devices for freight, tank, locomotive, and passenger rail transportation equipment, as well as other industrial uses. Arcosa, Inc. was incorporated in 2018 and is headquartered in Dallas, Texas.
