Brokerages Set Arcosa Inc (ACA) PT at $39.15

Shares of Arcosa Inc (NYSE:ACA) have earned a consensus recommendation of “Buy” from the seven ratings firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $39.15.

Several analysts have commented on ACA shares. Zacks Investment Research upgraded shares of Arcosa from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research note on Tuesday, January 8th. DA Davidson assumed coverage on shares of Arcosa in a report on Thursday, March 21st. They set a “buy” rating and a $29.74 target price for the company. Stephens assumed coverage on shares of Arcosa in a report on Monday, March 18th. They set an “equal weight” rating for the company. ValuEngine raised shares of Arcosa from a “sell” rating to a “hold” rating in a report on Friday, February 8th. Finally, Oppenheimer assumed coverage on shares of Arcosa in a report on Monday, March 4th. They set an “outperform” rating and a $40.00 target price for the company.

In related news, major shareholder Valueact Capital Master Fund, sold 1,395,000 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $33.02, for a total value of $46,062,900.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.37% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Paloma Partners Management Co purchased a new stake in shares of Arcosa during the fourth quarter worth $543,000. Cutler Group LP purchased a new stake in shares of Arcosa during the fourth quarter worth $347,000. California Public Employees Retirement System purchased a new stake in shares of Arcosa during the fourth quarter worth $2,610,000. BB&T Corp purchased a new stake in shares of Arcosa during the fourth quarter worth $1,529,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of Arcosa during the fourth quarter worth $128,000. 81.86% of the stock is owned by institutional investors.

NYSE ACA traded down $0.30 on Friday, hitting $30.23. 274 shares of the company’s stock traded hands, compared to its average volume of 312,819. The company has a current ratio of 2.85, a quick ratio of 1.77 and a debt-to-equity ratio of 0.11. Arcosa has a 1-year low of $21.00 and a 1-year high of $35.15. The stock has a market cap of $1.49 billion and a price-to-earnings ratio of 16.66.

Arcosa (NYSE:ACA) last announced its quarterly earnings data on Wednesday, February 27th. The company reported $0.40 EPS for the quarter. The business had revenue of $374.40 million for the quarter, compared to analyst estimates of $358.55 million. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. Analysts forecast that Arcosa will post 1.87 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend is Friday, April 12th. Arcosa’s dividend payout ratio (DPR) is 10.99%.

Arcosa Company Profile

Arcosa, Inc manufactures and sells infrastructure-related products and services for the construction, energy, and transportation markets. It operates through three segments: Construction Products Group, Energy Equipment Group, and Transportation Products Group. The Construction Products Group segment offers lightweight and natural construction aggregates, and trench shields and shoring products that are used in construction landscape, including commercial, industrial, road and bridge, and underground construction.

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Analyst Recommendations for Arcosa (NYSE:ACA)

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