Arcosa, Inc. Announces Quarterly Dividend of $0.05 (NYSE:ACA)

Arcosa, Inc. (NYSE:ACA – Get Rating) announced a quarterly dividend on Tuesday, May 3rd, Zacks reports. Stockholders of record on Friday, July 15th will be given a dividend of 0.05 per share on Friday, July 29th. This represents a $0.20 annualized dividend and a dividend yield of 0.36%. The ex-dividend date is Thursday, July 14th.

Arcosa has raised its dividend payment by an average of 58.7% annually over the last three years. Arcosa has a dividend payout ratio of 8.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Arcosa to earn $2.28 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 8.8%.

ACA opened at $55.81 on Thursday. Arcosa has a one year low of $43.42 and a one year high of $65.78. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.08 and a quick ratio of 1.24. The company’s 50 day simple moving average is $55.73 and its 200-day simple moving average is $53.03. The stock has a market capitalization of $2.70 billion, a P/E ratio of 36.72 and a beta of 0.44.

Arcosa (NYSE:ACA – Get Rating) last released its quarterly earnings results on Wednesday, February 23rd. The company reported $0.40 EPS for the quarter. Arcosa had a net margin of 3.47% and a return on equity of 4.98%. The business had revenue of $521.80 million for the quarter, compared to analysts’ expectations of $498.33 million. During the same period in the prior year, the firm earned $0.33 earnings per share. Arcosa’s revenue was up 13.7% compared to the same quarter last year. As a group, analysts anticipate that Arcosa will post 1.78 EPS for the current year.

Hedge funds have recently made changes to their positions in the business. Norges Bank acquired a new stake in Arcosa in the fourth quarter worth $15,080,000. BlackRock Inc. raised its holdings in Arcosa by 3.7% in the fourth quarter. BlackRock Inc. now owns 7,637,028 shares of the company’s stock worth $402,469,000 after purchasing an additional 275,553 shares during the period. Wells Fargo & Company MN raised its holdings in Arcosa by 14.4% in the fourth quarter. Wells Fargo & Company MN now owns 175,344 shares of the company’s stock worth $9,241,000 after purchasing an additional 22,013 shares during the period. Goldman Sachs Group Inc. raised its holdings in Arcosa by 3.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,114,222 shares of the company’s stock worth $58,719,000 after purchasing an additional 41,397 shares during the period. Finally, California State Teachers Retirement System raised its holdings in Arcosa by 2.3% in the fourth quarter. California State Teachers Retirement System now owns 67,324 shares of the company’s stock worth $3,548,000 after purchasing an additional 1,504 shares during the period. 89.41% of the stock is currently owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research raised shares of Arcosa from a “sell” rating to a “hold” rating in a research note on Tuesday, April 26th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $67.00.

About Arcosa (Get Rating)

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.

Read More