Arcosa, Inc. (NYSE:ACA – Get Free Report) 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.
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.
Get Our Latest Stock Analysis on Arcosa
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.
Featured Articles
- Five stocks we like better than Arcosa
- How to Choose Top Rated Stocks
- Top 3 Defense Stocks That Should Be on Your Radar
- Roth IRA Calculator: Calculate Your Potential Returns
- Why This Banking Stock Might Be Nearing the Bottom of Its Cycle
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- MarketBeat Week in Review – 7/8 – 7/12
Receive News & Ratings for Arcosa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arcosa and related companies with MarketBeat.com's FREE daily email newsletter.