Arcosa, Inc. (NYSE:ACA – Get Rating) declared a quarterly dividend on Thursday, December 8th, Zacks reports. Shareholders of record on Friday, January 13th will be paid a dividend of 0.05 per share on Tuesday, January 31st. This represents a $0.20 annualized dividend and a yield of 0.34%. The ex-dividend date of this dividend is Thursday, January 12th.
Arcosa has increased its dividend by an average of 58.7% per year over the last three years. Arcosa has a dividend payout ratio of 11.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Arcosa to earn $1.80 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 11.1%.
Get Arcosa alerts:Arcosa Trading Down 0.5 %
NYSE ACA opened at $58.95 on Friday. The company has a quick ratio of 1.40, a current ratio of 2.18 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $2.85 billion, a P/E ratio of 28.76 and a beta of 0.49. Arcosa has a 52-week low of $43.42 and a 52-week high of $65.80. The firm has a 50-day moving average price of $60.39 and a 200 day moving average price of $56.09.
Arcosa (NYSE:ACA – Get Rating) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.12. Arcosa had a return on equity of 5.77% and a net margin of 4.43%. The firm had revenue of $603.90 million for the quarter, compared to analyst estimates of $580.94 million. During the same quarter in the prior year, the company posted $0.57 earnings per share. Arcosa's quarterly revenue was up 8.0% on a year-over-year basis. Equities research analysts expect that Arcosa will post 2.14 EPS for the current year.Insider Buying and Selling at Arcosa
In related news, insider Bryan Stevenson sold 4,988 shares of Arcosa stock in a transaction that occurred on Thursday, November 10th. The stock was sold at an average price of $57.96, for a total transaction of $289,104.48. Following the completion of the transaction, the insider now directly owns 25,210 shares in the company, valued at approximately $1,461,171.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Gail M. Peck sold 8,500 shares of Arcosa stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $58.73, for a total transaction of $499,205.00. Following the completion of the sale, the chief financial officer now owns 32,575 shares in the company, valued at approximately $1,913,129.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Bryan Stevenson sold 4,988 shares of the firm's stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $57.96, for a total transaction of $289,104.48. Following the sale, the insider now directly owns 25,210 shares in the company, valued at $1,461,171.60. The disclosure for this sale can be found here. Insiders own 0.76% of the company's stock.
Hedge Funds Weigh In On Arcosa
Several institutional investors and hedge funds have recently modified their holdings of ACA. Yousif Capital Management LLC lifted its stake in shares of Arcosa by 0.7% during the 1st quarter. Yousif Capital Management LLC now owns 44,298 shares of the company's stock worth $2,536,000 after purchasing an additional 300 shares during the period. HighTower Advisors LLC grew its holdings in Arcosa by 8.1% in the first quarter. HighTower Advisors LLC now owns 6,582 shares of the company's stock valued at $380,000 after purchasing an additional 496 shares during the period. Captrust Financial Advisors increased its position in Arcosa by 9.3% during the first quarter. Captrust Financial Advisors now owns 7,270 shares of the company's stock worth $416,000 after purchasing an additional 617 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in Arcosa by 9.1% during the third quarter. Commonwealth Equity Services LLC now owns 8,328 shares of the company's stock worth $476,000 after purchasing an additional 695 shares during the period. Finally, Natixis Advisors L.P. grew its stake in shares of Arcosa by 2.1% during the 2nd quarter. Natixis Advisors L.P. now owns 48,198 shares of the company's stock valued at $2,237,000 after buying an additional 991 shares during the period. Hedge funds and other institutional investors own 90.39% of the company's stock.
Analyst Ratings Changes
Separately, Stephens downgraded shares of Arcosa from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $75.00 to $65.00 in a report on Monday, November 7th.
About Arcosa
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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 recycled aggregates; specialty materials; and trench shields and shoring products for residential and non-residential construction, agriculture, specialty building products, as well as for infrastructure related projects.
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