Arcosa (NYSE:ACA) Issues Earnings Results

Arcosa (NYSE:ACA - Get Free Report) posted its quarterly earnings data on Thursday. The company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.20, FiscalAI reports. Arcosa had a net margin of 5.25% and a return on equity of 7.46%. The firm had revenue of $716.70 million during the quarter, compared to analysts' expectations of $719.46 million.Arcosa Trading Up 0.4%NYSE:ACA traded up $0.56 during trading hours on Thursday, hitting $127.23. The stock had a trading volume of 322,921 shares, compared to its average volume of 223,147. The business's 50 day moving average is $116.08 and its 200-day moving average is $104.55. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.30 and a current ratio of 2.02. The company has a market cap of $6.24 billion, a price-to-earnings ratio of 42.13, a P/E/G ratio of 1.69 and a beta of 1.00. Arcosa has a one year low of $68.11 and a one year high of $131.00. Arcosa Dividend AnnouncementThe company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Wednesday, April 15th will be issued a dividend of $0.05 per share. The ex-dividend date is Wednesday, April 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.2%. Arcosa's payout ratio is currently 6.62%. Wall Street Analyst Weigh InSeveral equities analysts recently issued reports on ACA shares. Wall Street Zen upgraded Arcosa from a "hold" rating to a "buy" rating in a report on Saturday, February 21st. Barclays upped their target price on shares of Arcosa from $106.00 to $115.00 and gave the company an "overweight" rating in a research report on Monday, November 3rd. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Arcosa in a research report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $117.50.Read Our Latest Report on ACAInstitutional Trading of ArcosaSeveral hedge funds have recently added to or reduced their stakes in ACA. Quarry LP boosted its holdings in Arcosa by 160.0% during the third quarter. Quarry LP now owns 403 shares of the company's stock worth $38,000 after purchasing an additional 248 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Arcosa by 77.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 739 shares of the company's stock worth $64,000 after buying an additional 322 shares in the last quarter. Danske Bank A S acquired a new position in shares of Arcosa during the 3rd quarter worth about $66,000. Banque Cantonale Vaudoise grew its holdings in shares of Arcosa by 200.5% in the 3rd quarter. Banque Cantonale Vaudoise now owns 1,103 shares of the company's stock valued at $103,000 after acquiring an additional 736 shares in the last quarter. Finally, Kemnay Advisory Services Inc. bought a new position in shares of Arcosa in the 4th quarter valued at about $105,000. Institutional investors and hedge funds own 90.66% of the company's stock. Arcosa Company Profile (Get Free Report)Arcosa, Inc NYSE: ACA is a Dallas‐based industrial company that was formed through the spin‐off of Trinity Industries' construction products business in 2018. Since its inception, Arcosa has focused on the manufacture and sale of critical infrastructure components, serving a diverse set of end markets including transportation, construction and energy. The company's Construction Products segment produces a broad range of highway safety products, such as guardrail systems, sign supports and crash cushions, as well as aggregates and ready‐mix concrete.Featured ArticlesFive stocks we like better than ArcosaThe Man Who Predicted the iPhone Says Buy These 3 CompaniesRead this or regret it foreverUnlocked: Elon Musk’s Next Big IPOThis makes me furiousThe free stock picks nobody’s talking aboutThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Arcosa Right Now?Before you consider Arcosa, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Arcosa wasn't on the list.While Arcosa currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here