Shares of Arcosa, Inc. (NYSE:ACA) gapped down prior to trading on Thursday . The stock had previously closed at $64.83, but opened at $63.46. Arcosa shares last traded at $63.51, with a volume of 104 shares.
Several research analysts have recently commented on ACA shares. CJS Securities lowered shares of Arcosa from an “outperform” rating to a “market perform” rating in a research note on Tuesday, December 15th. Oppenheimer increased their price target on shares of Arcosa from $60.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, February 25th. Zacks Investment Research lowered shares of Arcosa from a “hold” rating to a “strong sell” rating in a research note on Monday, March 1st. Finally, Sidoti lowered shares of Arcosa from a “buy” rating to a “neutral” rating and increased their price target for the stock from $64.00 to $67.00 in a research note on Monday, February 22nd. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $58.80.
The business’s 50 day moving average is $62.54 and its 200-day moving average is $55.72. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.44 and a current ratio of 2.37. The firm has a market capitalization of $3.02 billion, a price-to-earnings ratio of 26.31, a price-to-earnings-growth ratio of 5.38 and a beta of 0.42.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 30th. Investors of record on Thursday, April 15th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.32%. The ex-dividend date of this dividend is Wednesday, April 14th. Arcosa’s dividend payout ratio is currently 8.51%.
A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its holdings in Arcosa by 3.8% during the 4th quarter. BlackRock Inc. now owns 7,355,229 shares of the company’s stock valued at $404,023,000 after purchasing an additional 268,669 shares during the last quarter. Great West Life Assurance Co. Can lifted its holdings in Arcosa by 1,947.9% during the 3rd quarter. Great West Life Assurance Co. Can now owns 1,198,511 shares of the company’s stock valued at $2,666,000 after purchasing an additional 1,139,987 shares during the last quarter. Norges Bank bought a new position in Arcosa during the 4th quarter valued at about $39,465,000. SummerHaven Investment Management LLC bought a new position in Arcosa during the 4th quarter valued at about $580,000. Finally, The Manufacturers Life Insurance Company grew its position in shares of Arcosa by 19.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 279,248 shares of the company’s stock worth $15,339,000 after buying an additional 45,655 shares during the period. 85.76% of the stock is owned by hedge funds and other institutional investors.
Arcosa Company Profile (NYSE:ACA)
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 lightweight aggregates; specialty materials, including lightweight aggregates and plaster; trench shields and shoring products for residential and non-residential construction, agriculture, specialty building products, and underground construction markets, as well as for infrastructure, including road, bridge, and other public products markets.
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