Arcosa (NYSE:ACA) Price Target Raised to $110.00

Arcosa (NYSE:ACA) had its price objective boosted by Oppenheimer from $105.00 to $110.00 in a research note published on Tuesday morning,Benzinga reports. They currently have an outperform rating on the stock.

Separately, Barclays began coverage on Arcosa in a research note on Tuesday, October 29th. They set an “overweight” rating and a $106.00 price target for the company.

Arcosa Stock Down 1.1 %

ACA stock opened at $97.04 on Tuesday. The company has a 50 day moving average price of $102.76 and a two-hundred day moving average price of $94.14. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.77 and a current ratio of 3.61. The stock has a market capitalization of $4.73 billion, a P/E ratio of 36.90 and a beta of 0.76. Arcosa has a one year low of $72.75 and a one year high of $113.43.

Arcosa (NYSE:ACA) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.78 by $0.13. The firm had revenue of $640.40 million during the quarter, compared to analyst estimates of $682.52 million. Arcosa had a net margin of 5.17% and a return on equity of 6.64%. Arcosa’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.73 earnings per share. As a group, sell-side analysts expect that Arcosa will post 3.37 EPS for the current year.

Arcosa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a dividend of $0.05 per share. The ex-dividend date is Wednesday, January 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.21%. Arcosa’s payout ratio is 7.60%.

Institutional Trading of Arcosa

Several large investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. boosted its position in shares of Arcosa by 2.9% in the second quarter. Victory Capital Management Inc. now owns 16,078 shares of the company’s stock worth $1,341,000 after buying an additional 454 shares during the period. American Century Companies Inc. grew its position in Arcosa by 2.8% in the second quarter. American Century Companies Inc. now owns 12,449 shares of the company’s stock valued at $1,038,000 after acquiring an additional 339 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in shares of Arcosa by 47.6% during the second quarter. Oppenheimer Asset Management Inc. now owns 7,166 shares of the company’s stock valued at $598,000 after purchasing an additional 2,312 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Arcosa during the second quarter worth $1,902,000. Finally, Hsbc Holdings PLC boosted its stake in shares of Arcosa by 19.7% in the second quarter. Hsbc Holdings PLC now owns 18,579 shares of the company’s stock valued at $1,550,000 after purchasing an additional 3,052 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.