Arcosa (ACA) Declares $0.05 Dividend

Arcosa said on March 2, 2023 that its board of directors declared a regular quarterly dividend of $0.05 per share ($0.20 annualized). Previously, the company paid $0.05 per share.

Shares must be purchased before the ex-div date of April 13, 2023 to qualify for the dividend. Shareholders of record as of April 14, 2023 will receive the payment on April 28, 2023.

At the current share price of $61.54 / share, the stock's dividend yield is 0.32%. Looking back five years and taking a sample every week, the average dividend yield has been 0.45%, the lowest has been 0.30%, and the highest has been 0.84%. The standard deviation of yields is 0.12 (n=203).

The current dividend yield is 1.06 standard deviations below the historical average.

Additionally, the company's dividend payout ratio is 0.04. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

The company has not increased its dividend in the last three years.

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Analyst Price Forecast Suggests 16.02% Upside

As of March 3, 2023, the average one-year price target for Arcosa is $71.40. The forecasts range from a low of $61.61 to a high of $78.75. The average price target represents an increase of 16.02% from its latest reported closing price of $61.54.

The projected annual revenue for Arcosa is $2,168MM, a decrease of 3.34%. The projected annual non-GAAP EPS is $1.84.

What is the Fund Sentiment?

There are 622 funds or institutions reporting positions in Arcosa. This is an increase of 7 owner(s) or 1.14% in the last quarter. Average portfolio weight of all funds dedicated to ACA is 0.22%, a decrease of 7.39%. Total shares owned by institutions increased in the last three months by 1.08% to 57,380K shares. The put/call ratio of ACA is 0.27, indicating a bullish outlook.

What are large shareholders doing?

SMCWX - SMALLCAP WORLD FUND INC holds 3,868K shares representing 8.00% ownership of the company. In it's prior filing, the firm reported owning 3,863K shares, representing an increase of 0.13%. The firm decreased its portfolio allocation in ACA by 11.06% over the last quarter.

IJR - iShares Core S&P Small-Cap ETF holds 3,583K shares representing 7.41% ownership of the company. In it's prior filing, the firm reported owning 3,535K shares, representing an increase of 1.35%. The firm decreased its portfolio allocation in ACA by 12.36% over the last quarter.

Alliancebernstein holds 2,437K shares representing 5.04% ownership of the company. In it's prior filing, the firm reported owning 2,546K shares, representing a decrease of 4.50%. The firm decreased its portfolio allocation in ACA by 15.46% over the last quarter.

Capital International Investors holds 1,967K shares representing 4.07% ownership of the company. No change in the last quarter.

Capital World Investors holds 1,900K shares representing 3.93% ownership of the company. In it's prior filing, the firm reported owning 1,895K shares, representing an increase of 0.26%. The firm decreased its portfolio allocation in ACA by 9.53% over the last quarter.

Arcosa Background Information
(This description is provided by the company.)

Arcosa, Inc., headquartered in Dallas, Texas, is a provider of infrastructure-related products and solutions with leading positions in construction, engineered structures, and transportation markets. Arcosa reports its financial results in three principal business segments: the Construction Products segment, the Engineered Structures segment, and the Transportation Products segment.

This story originally appeared on Fintel.