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

Arcosa, Inc. (NYSE:ACA) declared a quarterly dividend on Wednesday, May 8th, Zacks reports. Stockholders of record on Monday, July 15th will be given a dividend of 0.05 per share on Wednesday, July 31st. This represents a $0.20 annualized dividend and a dividend yield of 0.23%. The ex-dividend date is Monday, July 15th.

Arcosa has a dividend payout ratio of 4.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Arcosa to earn $4.35 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 4.6%.

Arcosa Trading Up 1.7 %

ACA opened at $86.70 on Friday. The firm has a market capitalization of $4.21 billion, a price-to-earnings ratio of 29.69 and a beta of 0.74. The company’s 50 day simple moving average is $85.04 and its two-hundred day simple moving average is $82.47. Arcosa has a 1-year low of $61.98 and a 1-year high of $89.44. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.28 and a quick ratio of 1.36.

Arcosa (NYSE:ACA) last posted its quarterly earnings results on Friday, May 3rd. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.52 by $0.21. The firm had revenue of $598.60 million during the quarter, compared to analysts’ expectations of $580.06 million. Arcosa had a return on equity of 6.13% and a net margin of 6.05%. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.06 earnings per share. Analysts expect that Arcosa will post 3.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, DA Davidson boosted their price target on shares of Arcosa from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, May 17th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Arcosa presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.00.

Insider Buying and Selling

In other Arcosa news, insider Kerry S. Cole sold 10,978 shares of Arcosa stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $88.71, for a total value of $973,858.38. Following the sale, the insider now owns 18,527 shares in the company, valued at $1,643,530.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is currently owned by company insiders.

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.