Arcosa Inc (NYSE:ACA) Given Average Rating of “Buy” by Analysts
Shares of Arcosa Inc (NYSE:ACA) have been assigned an average recommendation of “Buy” from the seven research firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $39.95.
Separately, Zacks Investment Research cut GENEL ENERGY PL/ADR from a “buy” rating to a “hold” rating in a research note on Tuesday, May 7th.
ACA traded up $0.15 during trading on Friday, reaching $36.45. The stock had a trading volume of 350,043 shares, compared to its average volume of 582,918. The stock has a market capitalization of $1.76 billion and a PE ratio of 20.03. The company has a current ratio of 2.51, a quick ratio of 1.41 and a debt-to-equity ratio of 0.06. Arcosa has a one year low of $21.00 and a one year high of $39.74. The firm’s 50-day moving average is $36.79.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th will be paid a dividend of $0.05 per share. The ex-dividend date is Friday, July 12th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.55%. Arcosa’s dividend payout ratio (DPR) is currently 10.99%.
In other news, insider Valueact Capital Master Fund, sold 1,500,000 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $36.03, for a total transaction of $54,045,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.37% of the stock is currently owned by company insiders.
Several large investors have recently made changes to their positions in ACA. BlackRock Inc. bought a new position in shares of Arcosa during the fourth quarter valued at about $160,114,000. Dimensional Fund Advisors LP bought a new stake in shares of Arcosa in the fourth quarter worth about $43,112,000. FMR LLC bought a new stake in shares of Arcosa in the fourth quarter worth about $30,479,000. Norges Bank bought a new stake in shares of Arcosa in the fourth quarter worth about $19,298,000. Finally, Copper Rock Capital Partners LLC bought a new stake in shares of Arcosa in the second quarter worth about $25,790,000. 83.63% of the stock is currently owned by hedge funds and other institutional investors.
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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