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35300.0 | 2023-03-31 00:00:00 UTC | Williams Industrial Services (WLMS) Reports Q4 Loss, Tops Revenue Estimates | ACA | https://www.nasdaq.com/articles/williams-industrial-services-wlms-reports-q4-loss-tops-revenue-estimates | nan | nan | Williams Industrial Services (WLMS) came out with a quarterly loss of $0.40 per share in line with the Zacks Consensus Estimate. This compares to earnings of $0.03 per share a year ago. These figures are adjusted for non-recurring items.
A quarter ago, it was expected that this provider of services and products for the energy industry would post earnings of $0.16 per share when it actually produced earnings of $0.14, delivering a surprise of -12.50%.
Over the last four quarters, the company has not been able to surpass consensus EPS estimates.
Williams Industrial Services, which belongs to the Zacks Building Products - Miscellaneous industry, posted revenues of $55.82 million for the quarter ended December 2022, surpassing the Zacks Consensus Estimate by 5.31%. This compares to year-ago revenues of $79.17 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Williams Industrial Services shares have lost about 1.7% since the beginning of the year versus the S&P 500's gain of 5.5%.
What's Next for Williams Industrial Services?
While Williams Industrial Services has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Williams Industrial Services: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.23 on $62.6 million in revenues for the coming quarter and -$0.45 on $260.2 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Building Products - Miscellaneous is currently in the top 37% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Arcosa (ACA), has yet to report results for the quarter ended March 2023.
This provider of infrastructure-related products and services is expected to post quarterly earnings of $0.22 per share in its upcoming report, which represents a year-over-year change of -47.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Arcosa's revenues are expected to be $495.2 million, down 7.6% from the year-ago quarter.
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WILLIAMS INDUSTRIAL SERVICES GROUP INC. (WLMS) : Free Stock Analysis Report
Arcosa, Inc. (ACA) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Another stock from the same industry, Arcosa (ACA), has yet to report results for the quarter ended March 2023. Click to get this free report WILLIAMS INDUSTRIAL SERVICES GROUP INC. (WLMS) : Free Stock Analysis Report Arcosa, Inc. (ACA) : Free Stock Analysis Report To read this article on Zacks.com click here. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. | Click to get this free report WILLIAMS INDUSTRIAL SERVICES GROUP INC. (WLMS) : Free Stock Analysis Report Arcosa, Inc. (ACA) : Free Stock Analysis Report To read this article on Zacks.com click here. Another stock from the same industry, Arcosa (ACA), has yet to report results for the quarter ended March 2023. Williams Industrial Services, which belongs to the Zacks Building Products - Miscellaneous industry, posted revenues of $55.82 million for the quarter ended December 2022, surpassing the Zacks Consensus Estimate by 5.31%. | Click to get this free report WILLIAMS INDUSTRIAL SERVICES GROUP INC. (WLMS) : Free Stock Analysis Report Arcosa, Inc. (ACA) : Free Stock Analysis Report To read this article on Zacks.com click here. Another stock from the same industry, Arcosa (ACA), has yet to report results for the quarter ended March 2023. Williams Industrial Services (WLMS) came out with a quarterly loss of $0.40 per share in line with the Zacks Consensus Estimate. | Another stock from the same industry, Arcosa (ACA), has yet to report results for the quarter ended March 2023. Click to get this free report WILLIAMS INDUSTRIAL SERVICES GROUP INC. (WLMS) : Free Stock Analysis Report Arcosa, Inc. (ACA) : Free Stock Analysis Report To read this article on Zacks.com click here. Williams Industrial Services, which belongs to the Zacks Building Products - Miscellaneous industry, posted revenues of $55.82 million for the quarter ended December 2022, surpassing the Zacks Consensus Estimate by 5.31%. |
35301.0 | 2023-03-17 00:00:00 UTC | First Week of ACA November 17th Options Trading | ACA | https://www.nasdaq.com/articles/first-week-of-aca-november-17th-options-trading | nan | nan | Investors in Arcosa Inc (Symbol: ACA) saw new options become available this week, for the November 17th expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 245 days until expiration the newly available contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the ACA options chain for the new November 17th contracts and identified one put and one call contract of particular interest.
The put contract at the $55.00 strike price has a current bid of $2.40. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $55.00, but will also collect the premium, putting the cost basis of the shares at $52.60 (before broker commissions). To an investor already interested in purchasing shares of ACA, that could represent an attractive alternative to paying $61.10/share today.
Because the $55.00 strike represents an approximate 10% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 72%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 4.36% return on the cash commitment, or 6.50% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for Arcosa Inc, and highlighting in green where the $55.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $65.00 strike price has a current bid of $4.00. If an investor was to purchase shares of ACA stock at the current price level of $61.10/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $65.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 12.93% if the stock gets called away at the November 17th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if ACA shares really soar, which is why looking at the trailing twelve month trading history for Arcosa Inc, as well as studying the business fundamentals becomes important. Below is a chart showing ACA's trailing twelve month trading history, with the $65.00 strike highlighted in red:
Considering the fact that the $65.00 strike represents an approximate 6% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 48%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 6.55% boost of extra return to the investor, or 9.75% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 48%, while the implied volatility in the call contract example is 44%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $61.10) to be 37%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
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CRVW Insider Buying
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Of course, a lot of upside could potentially be left on the table if ACA shares really soar, which is why looking at the trailing twelve month trading history for Arcosa Inc, as well as studying the business fundamentals becomes important. Below is a chart showing ACA's trailing twelve month trading history, with the $65.00 strike highlighted in red: Considering the fact that the $65.00 strike represents an approximate 6% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Arcosa Inc (Symbol: ACA) saw new options become available this week, for the November 17th expiration. | Below is a chart showing ACA's trailing twelve month trading history, with the $65.00 strike highlighted in red: Considering the fact that the $65.00 strike represents an approximate 6% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Arcosa Inc (Symbol: ACA) saw new options become available this week, for the November 17th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the ACA options chain for the new November 17th contracts and identified one put and one call contract of particular interest. | Below is a chart showing ACA's trailing twelve month trading history, with the $65.00 strike highlighted in red: Considering the fact that the $65.00 strike represents an approximate 6% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Arcosa Inc (Symbol: ACA) saw new options become available this week, for the November 17th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the ACA options chain for the new November 17th contracts and identified one put and one call contract of particular interest. | At Stock Options Channel, our YieldBoost formula has looked up and down the ACA options chain for the new November 17th contracts and identified one put and one call contract of particular interest. Below is a chart showing ACA's trailing twelve month trading history, with the $65.00 strike highlighted in red: Considering the fact that the $65.00 strike represents an approximate 6% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Arcosa Inc (Symbol: ACA) saw new options become available this week, for the November 17th expiration. |
35302.0 | 2023-03-01 00:00:00 UTC | Validea John Neff Strategy Daily Upgrade Report - 3/1/2023 | ACA | https://www.nasdaq.com/articles/validea-john-neff-strategy-daily-upgrade-report-3-1-2023 | nan | nan | The following are today's upgrades for Validea's Low PE Investor model based on the published strategy of John Neff. This strategy looks for firms with persistent earnings growth that trade at a discount relative to their earnings growth and dividend yield.
ARCOSA INC (ACA) is a mid-cap value stock in the Construction Services industry. The rating according to our strategy based on John Neff changed from 62% to 81% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Arcosa, Inc. is a provider of infrastructure-related products and solutions with brands serving construction, engineered structure, and transportation markets in North America. The Company's segments are Construction Products, Engineered Structures and Transportation Products. Its Construction Products segment produces and sells natural and recycled aggregates, specialty materials, and construction site support equipment, including trench shields and shoring products. Its Engineered Structures segment manufactures and sells steel structures for infrastructure businesses, including utility structures for electricity transmission and distribution, structural wind towers, traffic structures, and telecommunication structures. This segment also manufactures distribution tanks. The Transportation Products segment manufactures and sells inland barges, fiberglass barge covers, winches, marine hardware, and steel components for railcars and other transportation and industrial equipment.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
EPS GROWTH: PASS
FUTURE EPS GROWTH: FAIL
SALES GROWTH: PASS
TOTAL RETURN/PE: PASS
FREE CASH FLOW: PASS
EPS PERSISTENCE: PASS
Detailed Analysis of ARCOSA INC
ACA Guru Analysis
ACA Fundamental Analysis
HEIDRICK & STRUGGLES INTERNATIONAL, INC. (HSII) is a small-cap value stock in the Business Services industry. The rating according to our strategy based on John Neff changed from 60% to 81% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Heidrick & Struggles International, Inc. is an advisory firm providing executive search, consulting and on-demand talent services to businesses and business leaders worldwide. The Company provides its services to a range of clients through the expertise of approximately 430 consultants located in many cities around the world. The Company's service offerings include Executive Search, On-Demand Talent and Heidrick Consulting. Executive search firms are generally separated into two broad categories: retained search and contingency search. Its on-demand services provide clients seamless on-demand access to top independent talent, including professionals with deep industry and functional expertise for interim leadership roles and critical, project-based initiatives. Heidrick Consulting offers its clients groundbreaking approaches to human capital development through a myriad of solutions, ranging from leadership assessment and development, team and organization acceleration and other.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
EPS GROWTH: PASS
FUTURE EPS GROWTH: FAIL
SALES GROWTH: PASS
TOTAL RETURN/PE: PASS
FREE CASH FLOW: PASS
EPS PERSISTENCE: PASS
Detailed Analysis of HEIDRICK & STRUGGLES INTERNATIONAL, INC.
HSII Guru Analysis
HSII Fundamental Analysis
COLUMBIA BANKING SYSTEM INC (COLB) is a mid-cap value stock in the Money Center Banks industry. The rating according to our strategy based on John Neff changed from 38% to 79% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Columbia Banking System, Inc. is the holding company of Columbia State Bank (Columbia Bank). The Columbia Bank provides range of banking services to small and medium-sized businesses, professionals and individuals throughout Washington, Oregon, Idaho and California. The Columbia Bank offers its personal banking customers an assortment of account products including noninterest and interest-bearing checking, savings, money market and certificate of deposit accounts. It also offers a variety of checking, savings, interest-bearing money market and certificate of deposit accounts to business banking customers. In addition to these core banking products, it also provides business debit and credit cards, business loans, professional banking, treasury management, merchant card services, and international banking. The Company offers solutions to individuals, families and professional businesses in the areas of financial services and private banking, as well as trust and investment services.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
EPS GROWTH: PASS
FUTURE EPS GROWTH: FAIL
SALES GROWTH: PASS
TOTAL RETURN/PE: PASS
FREE CASH FLOW: PASS
EPS PERSISTENCE: FAIL
Detailed Analysis of COLUMBIA BANKING SYSTEM INC
COLB Guru Analysis
COLB Fundamental Analysis
John Neff Portfolio
About John Neff: While known as the manager with whom many top managers entrusted their own money, Neff was far from the smooth-talking, high-profile Wall Streeter you might expect. He was mild-mannered and low-key, and the same might be said of the Windsor Fund that he managed for more than three decades. In fact, Neff himself described the fund as "relatively prosaic, dull, [and] conservative." There was nothing dull about his results, however. From 1964 to 1995, Neff guided Windsor to a 13.7 percent average annual return, easily outpacing the S&P 500's 10.6 percent return during that time. That 3.1 percentage point difference is huge over time -- a $10,000 investment in Windsor (with dividends reinvested) at the start of Neff's tenure would have ended up as more than $564,000 by the time he retired, more than twice what the same investment in the S&P would have yielded (about $233,000). Considering the length of his tenure, that track record may be the best ever for a manager of such a large fund.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ARCOSA INC (ACA) is a mid-cap value stock in the Construction Services industry. Detailed Analysis of ARCOSA INC ACA Guru Analysis ACA Fundamental Analysis HEIDRICK & STRUGGLES INTERNATIONAL, INC. (HSII) is a small-cap value stock in the Business Services industry. Company Description: Arcosa, Inc. is a provider of infrastructure-related products and solutions with brands serving construction, engineered structure, and transportation markets in North America. | Detailed Analysis of ARCOSA INC ACA Guru Analysis ACA Fundamental Analysis HEIDRICK & STRUGGLES INTERNATIONAL, INC. (HSII) is a small-cap value stock in the Business Services industry. ARCOSA INC (ACA) is a mid-cap value stock in the Construction Services industry. Detailed Analysis of HEIDRICK & STRUGGLES INTERNATIONAL, INC. HSII Guru Analysis HSII Fundamental Analysis COLUMBIA BANKING SYSTEM INC (COLB) is a mid-cap value stock in the Money Center Banks industry. | ARCOSA INC (ACA) is a mid-cap value stock in the Construction Services industry. Detailed Analysis of ARCOSA INC ACA Guru Analysis ACA Fundamental Analysis HEIDRICK & STRUGGLES INTERNATIONAL, INC. (HSII) is a small-cap value stock in the Business Services industry. Detailed Analysis of HEIDRICK & STRUGGLES INTERNATIONAL, INC. HSII Guru Analysis HSII Fundamental Analysis COLUMBIA BANKING SYSTEM INC (COLB) is a mid-cap value stock in the Money Center Banks industry. | ARCOSA INC (ACA) is a mid-cap value stock in the Construction Services industry. Detailed Analysis of ARCOSA INC ACA Guru Analysis ACA Fundamental Analysis HEIDRICK & STRUGGLES INTERNATIONAL, INC. (HSII) is a small-cap value stock in the Business Services industry. Company Description: Heidrick & Struggles International, Inc. is an advisory firm providing executive search, consulting and on-demand talent services to businesses and business leaders worldwide. |
35303.0 | 2023-02-28 00:00:00 UTC | Validea Peter Lynch Strategy Daily Upgrade Report - 2/28/2023 | ACA | https://www.nasdaq.com/articles/validea-peter-lynch-strategy-daily-upgrade-report-2-28-2023 | nan | nan | The following are today's upgrades for Validea's P/E/Growth Investor model based on the published strategy of Peter Lynch. This strategy looks for stocks trading at a reasonable price relative to earnings growth that also possess strong balance sheets.
GENMAB A/S - ADR (GMAB) is a large-cap growth stock in the Biotechnology & Drugs industry. The rating according to our strategy based on Peter Lynch changed from 72% to 76% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Genmab A/S is a Denmark-based international biotechnology company. It specializes in the creation and development of antibody therapeutics for the treatment of cancer. The Company is the creator of the approved antibodies: DARZALEX (daratumumab) for the treatment of certain multiple myeloma indications, Kesimpta for the treatment of adults with relapsing forms of multiple sclerosis, TEPEZZA (teprotumumab) for the treatment of thyroid eye disease and FASPRO, for the treatment of adult patients with certain multiple myeloma indications. The first approved Genmab created therapy Arzerra, approved for the treatment of certain chronic lymphocytic leukemia indications, is available in Japan and is also available in other territories via compassionate use or oncology access programs. Genmab develops a broad clinical and pre-clinical product pipeline, and owns four antibody technologies, DuoBody bispecific platform, HexaBody platform, DuoHexaBody platform & HexElect platform.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: FAIL
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: BONUS PASS
NET CASH POSITION: NEUTRAL
Detailed Analysis of GENMAB A/S - ADR
GMAB Guru Analysis
GMAB Fundamental Analysis
CONSTELLIUM SE (CSTM) is a mid-cap value stock in the Misc. Fabricated Products industry. The rating according to our strategy based on Peter Lynch changed from 0% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Constellium SE is a France-based company which provides development and manufacturing of aluminum products and solutions. The Company designs and manufactures advanced alloys and engineered solutions for applications, such as cars, beverage cans, airplanes and more. It designs, develops, and engineers products and solutions in partnership with customers for an array of markets which includes Automotive, Aerospace, Packaging, Defense, Transportation, and Industry. The Company operates its business through approximately 28 manufacturing sites in Europe, North America, and China with 12,000 employees around the world.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: FAIL
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of CONSTELLIUM SE
CSTM Guru Analysis
CSTM Fundamental Analysis
OPEN LENDING CORP (LPRO) is a small-cap value stock in the Consumer Financial Services industry. The rating according to our strategy based on Peter Lynch changed from 74% to 93% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Open Lending Corporation is a provider of loan analytics, risk-based loan pricing, risk modeling, and automated decision technology for automotive lenders throughout the United States. The Company provides lending enablement and risk analytics to credit unions, regional banks, and the captive finance companies of original equipment manufacturer (OEM). It also operates as a third-party administrator that adjudicates insurance claims and premium adjustments on those automotive loans. Its Lenders Protection Program (LPP) is an automotive lending program designed to underwrite default insurance on loans made to near-prime and non-prime borrowers. LPP uses risk-based pricing models combined with loan default insurance provided by third-party insurers. LPP enables automotive lenders to assess the credit risk of a potential borrower using data driven analysis, enabling the lender to generate an all-inclusive, insured, interest rate for a loan for the borrower. It caters to 396 lenders.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: NEUTRAL
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: PASS
RETURN ON ASSETS: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of OPEN LENDING CORP
LPRO Guru Analysis
LPRO Fundamental Analysis
CALLON PETROLEUM COMPANY (CPE) is a mid-cap value stock in the Oil & Gas Operations industry. The rating according to our strategy based on Peter Lynch changed from 56% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Callon Petroleum Company is an independent oil and natural gas company engaged in the exploration, development, acquisition and production of oil and natural gas properties. The Company's activities are primarily focused on horizontal development in the Midland and Delaware Basins, both of which are part of the larger Permian Basin in West Texas, as well as the Eagle Ford in South Texas. The Company's primary operations in the Permian reflect a high-return, oil-weighted drilling inventory with multiple prospective horizontal development intervals and are complemented by a well-established and repeatable cash flow-generating business in the Eagle Ford. Its drilling activity is predominantly focused on the horizontal development of several prospective intervals in the Permian, including multiple levels of the Wolfcamp formation and the Lower Spraberry shales, and the Eagle Ford.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: FAIL
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of CALLON PETROLEUM COMPANY
CPE Guru Analysis
CPE Fundamental Analysis
SANTOS LTD (ADR) (SSLZY) is a large-cap value stock in the Oil & Gas Operations industry. The rating according to our strategy based on Peter Lynch changed from 0% to 93% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Santos Limited is a producer of oil and gas. The Company's segments include five key assets/operating areas of the Cooper Basin, Queensland and New South Wales, Papua New Guinea (PNG), Northern Australia and Timor-Leste, and Western Australia. The Cooper Basin produces natural gas, gas liquids and crude oil. Its gas is sold primarily to domestic retailers, industry and for the production of liquefied natural gas, while gas liquids and crude oil are sold in domestic and export markets. The GLNG project in Queensland produces liquefied natural gas (LNG) for export to global markets from the LNG plant at Gladstone and is also sold into the domestic market. PNG LNG produces LNG for export to global markets, as well as sales gas and gas liquids. Northern Australia and Timor-Leste is centered on the Bayu-Undan/Darwin LNG (DLNG) project. The Company is a producer of domestic natural gas in Western Australia and is also a significant producer of natural gas liquids and oil.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of SANTOS LTD (ADR)
SSLZY Guru Analysis
SSLZY Fundamental Analysis
NORTH AMERICAN CONSTRUCTION GROUP LTD (NOA) is a small-cap value stock in the Oil Well Services & Equipment industry. The rating according to our strategy based on Peter Lynch changed from 56% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: North American Construction Group Ltd. is a Canada-based company that provides a range of mining and heavy construction services to customers in the resource development and industrial construction sectors within Western Canada but also in other parts of Canada, the United States and Australia. The Company's operating divisions include Heavy Construction and Mining, and Equipment Maintenance Services. The Heavy Construction and Mining division is engaged in hard rock and oil sands mining, overburden removal, mine site development, and mine reclamation. This division also provides constructability design reviews, budgetary cost estimates, and a range of planning and scheduling services. The Equipment Maintenance Services division offers maintenance procedures on-site, as well as in its multiple shop facilities. It provides various services, including fuel and lube servicing options, portable steaming, equipment inspections, hose manufacturing and onsite haul truck brake testing.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: NEUTRAL
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: FAIL
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of NORTH AMERICAN CONSTRUCTION GROUP LTD
NOA Guru Analysis
NOA Fundamental Analysis
BERRY CORPORATION (BRY) (BRY) is a small-cap value stock in the Oil & Gas Operations industry. The rating according to our strategy based on Peter Lynch changed from 0% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Berry Corporation (bry) is an independent upstream energy company. The Company operates through two segments: development and production (D&P), and well servicing and abandonment. The development and production segment is engaged in the development and production of onshore conventional oil reserves primarily located in California, as well as Utah. Its California operating area consists of properties located in Midway-Sunset, South Belridge, McKittrick and Poso Creek fields in the San Joaquin basin in Kern County. The Company operates Uinta basin operations in the Brundage Canyon, Ashley Forest, and Lake Canyon areas in Utah. The well servicing and abandonment segment provides wellsite services in California to oil and natural gas production companies, with a focus on well servicing, well abandonment services and water logistics. The Company's subsidiaries include Berry Petroleum Company, LLC; CJ Berry Well Services Management, LLC; and C&J Well Services, LLC.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: NEUTRAL
INVENTORY TO SALES: PASS
EPS GROWTH RATE: FAIL
TOTAL DEBT/EQUITY RATIO: PASS
Detailed Analysis of BERRY CORPORATION (BRY)
BRY Guru Analysis
BRY Fundamental Analysis
YETI HOLDINGS INC (YETI) is a mid-cap growth stock in the Recreational Products industry. The rating according to our strategy based on Peter Lynch changed from 54% to 87% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: YETI Holdings, Inc. is a designer, retailer, and distributor of outdoor products. The Company's product portfolio is comprised of three categories: Coolers & Equipment; Drinkware, and Other. Its Coolers & Equipment family is comprised of hard coolers, soft coolers, cargo, bags, outdoor living, and associated accessories. It offers five product ranges within its hard cooler category: YETI Tundra, YETI Roadie, Tundra Haul, YETI TANK and YETI Silo 6G. The Hopper soft cooler product line includes Hopper M30, Hopper BackFlip, Hopper Flip, Daytrip Lunch Bag and Daytrip Lunch Box. Its Drinkware product family consists of Rambler Colster, Rambler Lowball, Rambler Wine Tumbler, Rambler Stackable Pints, Rambler Mugs, Rambler Tumblers, Rambler Bottles, and Rambler Jug. In Other products, it offers an array of YETI-branded gear, such as hats, shirts, bottle openers and ice substitutes. It operates in the Unites States, Canada, Australia, New Zealand, Europe, Hong Kong, China, Singapore and Japan.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of YETI HOLDINGS INC
YETI Guru Analysis
YETI Fundamental Analysis
ARCOSA INC (ACA) is a mid-cap value stock in the Construction Services industry. The rating according to our strategy based on Peter Lynch changed from 0% to 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Arcosa, Inc. is a provider of infrastructure-related products and solutions with brands serving construction, engineered structure, and transportation markets in North America. The Company's segments are Construction Products, Engineered Structures and Transportation Products. Its Construction Products segment produces and sells natural and recycled aggregates, specialty materials, and construction site support equipment, including trench shields and shoring products. Its Engineered Structures segment manufactures and sells steel structures for infrastructure businesses, including utility structures for electricity transmission and distribution, structural wind towers, traffic structures, and telecommunication structures. This segment also manufactures distribution tanks. The Transportation Products segment manufactures and sells inland barges, fiberglass barge covers, winches, marine hardware, and steel components for railcars and other transportation and industrial equipment.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
INVENTORY TO SALES: PASS
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of ARCOSA INC
ACA Guru Analysis
ACA Fundamental Analysis
REVOLVE GROUP INC (RVLV) is a small-cap growth stock in the Retail (Apparel) industry. The rating according to our strategy based on Peter Lynch changed from 74% to 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Revolve Group, Inc. is a fashion retailer for Millennial and Generation Z consumers. The Company operates through two retail segments, REVOLVE and FWRD, which offer complementary assortments. REVOLVE segment offers constant newness and discovery through an assortment of premium apparel, footwear, accessories and beauty products. FWRD segment offers a curated assortment of iconic and emerging luxury brands with a differentiated point of view. The Company's product mix consists of approximately 70,000 apparel, footwear, accessories and beauty styles. The Company offers merchandise across a variety of product types, brands and price points. The brands it sells on its platform consist of a mix of emerging third-party, established third-party, iconic luxury brands and owned brands. The Company's product mix consists primarily of apparel, footwear, accessories and beauty products.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of REVOLVE GROUP INC
RVLV Guru Analysis
RVLV Fundamental Analysis
ASSETMARK FINANCIAL HOLDINGS INC (AMK) is a mid-cap growth stock in the Investment Services industry. The rating according to our strategy based on Peter Lynch changed from 0% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: AssetMark Financial Holdings, Inc. is a provider of wealth management and technology solutions that power independent financial advisors and their clients. The Company through its investment advisor subsidiary, AssetMark, Inc., operates a platform that comprises fully integrated technology, personalized and scalable service, and curated investment platform solutions. Its platform enables advisers to outsource services and capabilities. The Company provides an end-to-end experience, from initial conversations to ongoing financial planning discussions, including performance reporting and billing. In addition, its platform provides tools and capabilities for advisers to better manage their day-to-day business activities. The Company is engaged in providing technology solutions to registered investment advisors (RIAs), RIA enterprises, turnkey asset management programs (TAMPs), and asset managers.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: NEUTRAL
EPS GROWTH RATE: FAIL
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: PASS
RETURN ON ASSETS: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of ASSETMARK FINANCIAL HOLDINGS INC
AMK Guru Analysis
AMK Fundamental Analysis
OWL ROCK CAPITAL CORP (ORCC) is a mid-cap value stock in the Investment Services industry. The rating according to our strategy based on Peter Lynch changed from 74% to 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Owl Rock Capital Corporation is a specialty finance company focused on lending solutions to middle-market companies. The Company invests in senior secured or unsecured loans, subordinated loans or mezzanine loans and, to a lesser extent, equity and equity-related securities, including warrants, preferred stock and similar forms of senior equity, which may or may not be convertible into a portfolio company's common equity. Its investment objective is to generate current income and, to a lesser extent, capital appreciation by targeting investment opportunities with risk-adjusted returns. Its portfolio consists of first lien senior secured debt investments, second lien senior secured debt investments, unsecured investments, preferred equity investments, common equity investments and investment funds and vehicles.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: PASS
RETURN ON ASSETS: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of OWL ROCK CAPITAL CORP
ORCC Guru Analysis
ORCC Fundamental Analysis
MASONITE INTERNATIONAL CORP (DOOR) is a small-cap value stock in the Constr. - Supplies & Fixtures industry. The rating according to our strategy based on Peter Lynch changed from 54% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Masonite International Corporation is a designer, manufacturer, marketer and distributor of interior and exterior doors for the new construction and repair, renovation, and remodeling sectors of the residential and non-residential building construction markets. Its segments are organized and managed principally by the end market: North American Residential, Europe and Architectural. It manufactures a line of interior doors, including residential molded, flush, stile and rail, louver, and commercial and architectural doors; door components for internal use and sale to other door manufacturers; and exterior residential steel, fiberglass, and wood doors and entry systems. It is also a manufacturer of door frames and door system components. Its portfolio of brands includes Masonite, Premdor, Masonite Architectural, Marshfield-Algoma, USA Wood Door, Solido, Residor, Nicedor, Door-Stop International, Harring Doors, National Hickman, Graham-Maiman, Louisiana Millwork, Baillargeon and BWI.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: FAIL
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of MASONITE INTERNATIONAL CORP
DOOR Guru Analysis
DOOR Fundamental Analysis
CAMPING WORLD HOLDINGS INC (CWH) is a small-cap value stock in the Retail (Specialty) industry. The rating according to our strategy based on Peter Lynch changed from 56% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Camping World Holdings, Inc. is a retailer of recreational vehicles (RVs) and related products and services. The Company operates through two segments: Good Sam Services and Plans, and RV and Outdoor Retail. Its Good Sam Services and Plans segment is engaged in the sale of the following offerings: emergency roadside assistance plans; property and casualty insurance programs; travel assist programs; extended vehicle service contracts; vehicle financing and refinancing assistance; consumer shows and events, and consumer publications and directories. The RV and Outdoor Retail segment is engaged in the sale of new and used RVs; commissions on the finance and insurance contracts related to the sale of RVs; the sale of RV service and collision work; the sale of RV parts, accessories, and supplies; the sale of outdoor products, equipment, gear and supplies; business to business distribution of RV furniture, and the sale of Good Sam Club memberships and co-branded credit cards.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: FAIL
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of CAMPING WORLD HOLDINGS INC
CWH Guru Analysis
CWH Fundamental Analysis
HOSTESS BRANDS INC (TWNK) is a mid-cap growth stock in the Food Processing industry. The rating according to our strategy based on Peter Lynch changed from 0% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Hostess Brands, Inc. is a sweet snacks company. The Company is focused on developing, manufacturing, marketing, selling, and distributing snacks in the United States under the Hostess brands and in North America under the Voortman brands. The Company produces a variety of treats, including Hostess Donettes, Twinkies, CupCakes, Ding Dongs and Zingers, as well as a variety of Voortman branded cookies and wafers. It also sells products under the Dolly Madison, Cloverhill and Big Texas brands along with private label products. Its product assortment is sold to customers warehouses and distribution centres by the case or in display-ready corrugate units. Retailers display and sell its products to the end consumer in single-serve, multi-pack or club-pack format. It sells its products primarily to supermarket chains, national mass retailers and convenience and drug stores, along with a smaller portion of its product sales going to club stores, dollar stores, vending, and other retail outlets.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: FAIL
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of HOSTESS BRANDS INC
TWNK Guru Analysis
TWNK Fundamental Analysis
COWEN INC (COWN) is a small-cap growth stock in the Investment Services industry. The rating according to our strategy based on Peter Lynch changed from 0% to 93% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Cowen Inc. is a diversified financial services firm, which provides investment banking, research, sales and trading, prime brokerage, global clearing, securities financing, commission management services, and investment management. The Company operates through its two segments: the Operating Company (Op Co) and the Asset Company (Asset Co). The Op Co segment consists of four divisions: the Cowen Investment Management (CIM) division, the Investment Banking division, the Markets division and the Research division. CIM division includes advisers to investment funds and registered funds. The Company refers to the Investment Banking division, the Markets division and the Research division collectively as its investment banking businesses. The Asset Co segment consists of the Company's private investments, private real estate investments and other legacy investment strategies. The focus of Asset Co is to drive future monetization of the invested capital of the segment.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: PASS
RETURN ON ASSETS: PASS
Detailed Analysis of COWEN INC
COWN Guru Analysis
COWN Fundamental Analysis
GREEN BRICK PARTNERS INC (GRBK) is a small-cap value stock in the Construction Services industry. The rating according to our strategy based on Peter Lynch changed from 74% to 93% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Green Brick Partners, Inc. is a diversified homebuilding and land development company. The Company is engaged in all aspects of the homebuilding process, including land acquisition and development, entitlements, design, construction, title and mortgage services, marketing and sales and the creation of brand images at its residential neighborhoods and master planned communities. It operates through three segments: Builder operations Central, Builder operations Southeast, and Land development. Builder operations Central represents operations of its builders in Texas, whereas Builder operations Southeast represents operations of its builders in Georgia and Florida. It acquires and develops land and build homes through its eight brands of builders in four markets. Its core markets are in the United States, metropolitan areas of Dallas-Forth Worth (DFW), Texas and Atlanta, Georgia, as well as the Treasure Coast, Florida area. It also owns a noncontrolling interest in Colorado Springs.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of GREEN BRICK PARTNERS INC
GRBK Guru Analysis
GRBK Fundamental Analysis
SELECT ENERGY SERVICES INC (WTTR) is a small-cap growth stock in the Oil Well Services & Equipment industry. The rating according to our strategy based on Peter Lynch changed from 0% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Select Energy Services, Inc. is a holding company. The Company is a provider of full lifecycle water and chemical solutions to the oil and gas industry in the United States. Its segments include Water Services, Water Infrastructure, and Oilfield Chemicals. The Water Services segment consists of the Company's services businesses, including water transfer, flowback and well testing, fluids hauling, water containment and water network automation. The Water Infrastructure segment consists of the Company's infrastructure assets, including operations associated with its water sourcing and pipeline infrastructure, its water recycling solutions and infrastructure, and its produced water gathering systems and saltwater disposal wells, serving exploration and production companies. The Oilfield Chemicals segment develops, manufactures, and provides a suite of completion and production chemical products utilized in hydraulic fracturing, stimulation, cementing and related well completion processes.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: FAIL
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of SELECT ENERGY SERVICES INC
WTTR Guru Analysis
WTTR Fundamental Analysis
ACM RESEARCH INC (ACMR) is a small-cap growth stock in the Semiconductors industry. The rating according to our strategy based on Peter Lynch changed from 56% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: ACM Research, Inc. develops, manufactures and sells single-wafer wet cleaning equipment used to improve the manufacturing process and yield for advanced integrated chips. The Company markets and sells its single-wafer wet-cleaning equipment, under the brand name Ultra C, based on the Company's Space Alternated Phase Shift (SAPS), Timely Energized Bubble Oscillation (TEBO), Tahoe and other technologies. These tools are designed to remove random defects from a wafer surface efficiently, without damaging the wafer or its features, even at increasingly advanced process nodes. It has designed these tools for use in fabricating foundry, logic and memory chips, including dynamic random-access memory (DRAM), 3D NAND-flash memory chips, and compound semiconductor chips. The Company also develops, manufactures and sells a range of advanced packaging tools to wafer assembly and packaging customers.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: NEUTRAL
INVENTORY TO SALES: FAIL
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
Detailed Analysis of ACM RESEARCH INC
ACMR Guru Analysis
ACMR Fundamental Analysis
WALKER & DUNLOP, INC. (WD) is a mid-cap value stock in the Consumer Financial Services industry. The rating according to our strategy based on Peter Lynch changed from 72% to 76% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Walker & Dunlop, Inc. is a holding company. The Company is a provider of capital to the multi-family industry in the United States. The Company primarily focuses on multifamily lending and property sales, commercial real estate debt brokerage, and affordable housing investment management. It is a commercial real estate lender of various property types, including multifamily, industrial, office, retail, and hospitality. It originates, sells, and services a range of multifamily and other commercial real estate financing products, provide multifamily property sales brokerage and appraisal services, and engage in commercial real estate investment management activities. It provides housing market research and real-estate related investment banking and advisory services, which provide its clients with market insight into various areas of the housing market. The Company originates and sells multifamily loans through the programs of Fannie Mae, Freddie Mac, and HUD (the Agencies).
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: PASS
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: PASS
RETURN ON ASSETS: PASS
FREE CASH FLOW: BONUS PASS
NET CASH POSITION: NEUTRAL
Detailed Analysis of WALKER & DUNLOP, INC.
WD Guru Analysis
WD Fundamental Analysis
ENERPLUS CORP (ERF) is a mid-cap value stock in the Oil & Gas Operations industry. The rating according to our strategy based on Peter Lynch changed from 0% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Enerplus Corporation (Enerplus) is a Canada-based oil and gas exploration and production company. The Company is focused on the development of North American oil and natural gas assets. Its portfolio includes light oil assets in the Bakken (North Dakota) and Marcellus natural gas shale region (northeast Pennsylvania). The Company holds approximately 238,500 net acres in North Dakota. Its acreage is primarily located across the Fort Berthold Indian Reservation, as well as in Williams and Dunn Counties. Enerplus holds an interest in approximately 33,000 net acres in the dry gas window of the Marcellus shale in northeast Pennsylvania. This non-operated position is located across Susquehanna, Bradford, Wyoming, Sullivan, and Lycoming counties.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: FAIL
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of ENERPLUS CORP
ERF Guru Analysis
ERF Fundamental Analysis
MARRIOTT VACATIONS WORLDWIDE CORP (VAC) is a mid-cap growth stock in the Hotels & Motels industry. The rating according to our strategy based on Peter Lynch changed from 0% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Marriott Vacations Worldwide Corporation is a vacation company that offers vacation ownership, exchange, rental and resort and property management, along with related businesses, products and services. The Company is a developer, marketer, seller and manager of vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, Sheraton Vacation Club, Westin Vacation Club, and Hyatt Residence Club brands, as well as under Marriott Vacation Club Pulse, an extension of the Marriott Vacation Club brand. Its segments include Vacation Ownership, and Exchange & Third-Party Management. Vacation Ownership segment develops, markets, sells, finances, rents, and manages vacation ownership and related products under our licensed brands. Exchange & Third-Party Management segment provide services through a range of brands, including Interval International, Trading Places International, Vacation Resorts International and Aqua-Aston.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: FAIL
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of MARRIOTT VACATIONS WORLDWIDE CORP
VAC Guru Analysis
VAC Fundamental Analysis
CVR ENERGY, INC. (CVI) is a mid-cap value stock in the Oil & Gas Operations industry. The rating according to our strategy based on Peter Lynch changed from 0% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: CVR Energy, Inc. is a diversified holding company, which is primarily engaged in the petroleum refining and nitrogen fertilizer manufacturing industries through its holdings in CVR Refining, LP. It has two segments: Petroleum and Nitrogen Fertilizer. Petroleum segment is an independent petroleum refiner and marketer of high value transportation fuels. The segment is composed of the assets and operations of CVR Refining, including two refineries located in Coffeyville, Kansas and Wynnewood, Oklahoma and supporting logistics assets in the region. Nitrogen Fertilizer segment produces and markets nitrogen fertilizers in the form of UAN and ammonia. It owns a complex full coking, medium-sour crude oil refinery in southeast Kansas, approximately 100 miles from Cushing, Oklahoma. The Coffeyville Refinery's operations include fractionation, catalytic cracking, hydrotreating, reforming, coking, isomerization, alkylation, sulfur recovery, and propane and butane recovery operating units.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: FAIL
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of CVR ENERGY, INC.
CVI Guru Analysis
CVI Fundamental Analysis
GLOBAL PARTNERS LP (GLP) is a small-cap value stock in the Retail (Grocery) industry. The rating according to our strategy based on Peter Lynch changed from 0% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Global Partners LP owns, controls, or has access to terminal networks of refined petroleum products and renewable fuels in Massachusetts, Maine, Connecticut, Vermont, New Hampshire, Rhode Island, New York, New Jersey and Pennsylvania. The Company is an independent owner, supplier and operator of gasoline stations and convenience stores. It is a distributor of gasoline, distillates, residual oil and renewable fuels to wholesalers, retailers and commercial customers in New England states and New York. It engages in the purchasing, selling, gathering, blending, storing and logistics of transporting petroleum and related products, including gasoline and gasoline blend stocks, distillates, residual oil, renewable fuels, crude oil and propane, and in the transportation of petroleum products and renewable fuels by rail from the mid-continent region of the United States and Canada. It has over 1,700 retail locations in the Northeast. It also has its retail footprint in the mid-Atlantic region.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
SALES: PASS
YIELD COMPARED TO THE S&P 500: PASS
YIELD ADJUSTED P/E/GROWTH (PEG) RATIO: PASS
TOTAL DEBT/EQUITY RATIO: FAIL
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of GLOBAL PARTNERS LP
GLP Guru Analysis
GLP Fundamental Analysis
KOPPERS HOLDINGS INC. (KOP) is a small-cap value stock in the Chemical Manufacturing industry. The rating according to our strategy based on Peter Lynch changed from 72% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Koppers Holdings Inc. is an integrated global provider of treated wood products, wood preservation chemicals and carbon compounds. It has three business segments: Railroad and Utility Products and Services (RUPS), Performance Chemicals (PC) and Carbon Materials and Chemicals (CMC). Its RUPS segment sells treated and untreated wood products, rail joint bars and services primarily to the railroad markets in the United States and Canada and treated wood products and services to the utility markets. Its PC segment develops, manufactures, and markets wood preservation chemicals and wood treatment technologies and services to a diverse range of end markets including infrastructure, residential and commercial construction, and agriculture. Its CMC segment is primarily a manufacturer of creosote, carbon pitch, naphthalene, phthalic anhydride and carbon black feedstock. The Company has manufacturing capabilities in North America, South America, Australasia and Europe.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: FAIL
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of KOPPERS HOLDINGS INC.
KOP Guru Analysis
KOP Fundamental Analysis
BAE SYSTEMS PLC - ADR (BAESY) is a large-cap growth stock in the Aerospace & Defense industry. The rating according to our strategy based on Peter Lynch changed from 0% to 93% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: BAE Systems plc is a defense, aerospace and security company. The Company operates through five segments. The Electronic Systems segment consists of the Company's United States and United Kingdom-based electronics activities. The Cyber & Intelligence segment consists of its United States-based Intelligence & Security business and United Kingdom-based Applied Intelligence business, and covers the Company's cyber, secure government, and commercial and financial security activities. The Platforms & Services (US) segment, with operations in the United States, United Kingdom and Sweden, produces combat vehicles, weapons and munitions. Air segment comprises the Company's United Kingdom-based air activities for European and international markets, and United States programmes, and its businesses in Saudi Arabia and Australia, together with its interest in the MBDA Holdings SAS (MBDA) joint venture. Maritime segment comprises the Company's United Kingdom-based maritime and land activities.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of BAE SYSTEMS PLC - ADR
BAESY Guru Analysis
BAESY Fundamental Analysis
HNI CORP (HNI) is a small-cap value stock in the Furniture & Fixtures industry. The rating according to our strategy based on Peter Lynch changed from 0% to 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: HNI Corporation is a provider of workplace furnishings and residential building products. Its segments include workplace furnishings and residential building products. The workplace furnishings segment includes panel-based and freestanding furniture systems, seating, storage, tables, and architectural products. Its residential building products segment include a full range of gas, wood, electric, and pellet fueled fireplaces, inserts, stoves, facings, and accessories. Its products are sold primarily through independent dealers, wholesalers, and office product distributor and directly to end-user customers and federal, state, and local governments. Its brands include HON, Allsteel, Beyond, Gunlocke, Maxon, HBF, OFM, Respawn, Vermont Castings, PelPro , SimpliFire, and HNI India. It exports its products through its export subsidiary to North America, principally the Middle East, Mexico, Latin America, and the Caribbean. Its products are marketed in United States and Canada.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
SALES: PASS
INVENTORY TO SALES: PASS
YIELD COMPARED TO THE S&P 500: PASS
YIELD ADJUSTED P/E/GROWTH (PEG) RATIO: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of HNI CORP
HNI Guru Analysis
HNI Fundamental Analysis
PNM RESOURCES INC (PNM) is a mid-cap growth stock in the Electric Utilities industry. The rating according to our strategy based on Peter Lynch changed from 0% to 87% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: PNM Resources, Inc. is an investor-owned holding company with two regulated utilities, providing electricity and electric services in New Mexico and Texas. The Company's electric utilities are Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP). PNM is an electric utility, which provides electric generation, transmission and distribution service to its rate-regulated customers. PNM's retail electric service territory covers an area of north-central New Mexico, including the cities of Albuquerque, Rio Rancho and Santa Fe, and certain areas of southern New Mexico. Other services provided by PNM include wholesale transmission services to third parties. TNMP provides transmission and distribution services in Texas. TNMP's transmission and distribution activities are solely within Electric Reliability Council of Texas, which is the independent system operator responsible for maintaining reliable operations for the bulk electric power supply system in Texas.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
Detailed Analysis of PNM RESOURCES INC
PNM Guru Analysis
PNM Fundamental Analysis
PHILLIPS 66 (PSX) is a large-cap value stock in the Oil & Gas Operations industry. The rating according to our strategy based on Peter Lynch changed from 0% to 93% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Phillips 66 is an energy manufacturing and logistics company with midstream, chemicals, refining, and marketing and specialties businesses. The Company operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment provides crude oil and refined petroleum product transportation, terminaling and processing services, as well as natural gas and natural gas liquids (NGL) transportation, storage, fractionation, processing and marketing services in the United States. The Chemicals segment consists of its equity investment in Chevron Phillips Chemical Company LLC (CPChem), which operates in Olefins and Polyolefins (O&P) and Specialties, Aromatics and Styrenics (SA&S) business. The Refining segment refines crude oil and other feedstocks at refineries in the United States and Europe. The M&S segment purchases for resale and markets refined petroleum products, such as base oils and lubricants.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of PHILLIPS 66
PSX Guru Analysis
PSX Fundamental Analysis
FARMLAND PARTNERS INC (FPI) is a small-cap growth stock in the Rental & Leasing industry. The rating according to our strategy based on Peter Lynch changed from 0% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Farmland Partners Inc. is an internally managed real estate company. The Company owns and seeks to acquire North American farmland and makes loans to farmers secured by farm real estate. The Company owns and manages approximately 195,000 acres in 19 states, including Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Louisiana, Michigan, Mississippi, Missouri, Nebraska, North Carolina, South Carolina, Texas, and Virginia. It has approximately 26 crop types and more than 100 tenants. The Company's portfolio is used to grow primary crops, such as corn, soybeans, wheat, rice, and cotton, and produce specialty crops, such as almonds, citrus blueberries, and vegetables. In addition, under the FPI Loan Program, the Company makes loans to third-party farmers (both tenant and non-tenant) to provide financing for property acquisitions, working capital requirements, operational farming activities, farming infrastructure projects, and other farming.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: FAIL
SALES AND P/E RATIO: NEUTRAL
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of FARMLAND PARTNERS INC
FPI Guru Analysis
FPI Fundamental Analysis
TREDEGAR CORPORATION (TG) is a small-cap value stock in the Misc. Fabricated Products industry. The rating according to our strategy based on Peter Lynch changed from 72% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Tredegar Corporation, through its subsidiaries, is engaged in the manufacture of aluminum extrusions, polyethylene (PE) plastic films and polyester (PET) films. The Company's segments include Aluminum Extrusions, PE Films and Flexible Packaging Films. Aluminum Extrusions segment produces soft and medium-strength alloyed aluminum extrusions, custom fabricated and finished for the building and construction, automotive and transportation, consumer durables goods, machinery and equipment, electrical and renewable energy, and distribution markets. PE Films segment produces surface protection films, polyethylene overwrap films and films for other markets. Flexible Packaging Films produces PET-based films for use in packaging applications that have specialized properties, such as heat resistance, strength, barrier protection and the ability to accept high quality print graphics. Flexible Packaging Films segment sells its products under the Terphane, Sealphane and Ecophane brand names.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
SALES: FAIL
INVENTORY TO SALES: PASS
YIELD COMPARED TO THE S&P 500: PASS
YIELD ADJUSTED P/E/GROWTH (PEG) RATIO: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of TREDEGAR CORPORATION
TG Guru Analysis
TG Fundamental Analysis
NETEASE INC (ADR) (NTES) is a large-cap growth stock in the Software & Programming industry. The rating according to our strategy based on Peter Lynch changed from 0% to 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: NetEase Inc is a China-based technology company. The Company operates through four business segments. The Online Game Service segment is engaged in developing and operating online game services that cover mobile games and personal computer (PC) games. The games include Westward Journey, Onmyoji series and others. The Youdao segment provides intelligent learning services. Its products and services include Online Courses, Youdao Dictionary, Youdao Dictionary Pen, Youdao Listening Treasure, Youdao Smart Learning Lamp, Youdao Translator King, Youdao Super Dictionary and others. The Cloud Music segment provides online music services and social entertainment services. Products offered by the Innovation and Others segment include Yanxuan, NetEase Live, advertising services, high-end email and other value-added services. The Company mainly operates its businesses in the domestic and overseas markets.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
INVENTORY TO SALES: PASS
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of NETEASE INC (ADR)
NTES Guru Analysis
NTES Fundamental Analysis
VALMONT INDUSTRIES, INC. (VMI) is a mid-cap growth stock in the Constr. - Supplies & Fixtures industry. The rating according to our strategy based on Peter Lynch changed from 69% to 87% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Valmont Industries, Inc. is engaged in designing and manufacturing engineered products and services that support infrastructure development and agricultural productivity. The Company operates through two segments: Agriculture and Infrastructure. The Infrastructure segment consists of the manufacture and distribution of products and solutions to serve the infrastructure markets of utility, renewable energy, lighting, transportation, and telecommunications, and coatings services to preserve metal products. The Agriculture segment consists of the manufacture of center pivot and linear irrigation equipment for agricultural markets, including parts and tubular products, and advanced technology solutions for precision agriculture. It has 85 manufacturing facilities in 22 countries, and businesses in approximately 100 countries across six continents. Its products and solutions include lighting, transportation, utilities, communication, irrigation, architecture, and mining and energy.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of VALMONT INDUSTRIES, INC.
VMI Guru Analysis
VMI Fundamental Analysis
WILLIAMS COMPANIES INC (WMB) is a large-cap growth stock in the Natural Gas Utilities industry. The rating according to our strategy based on Peter Lynch changed from 0% to 93% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: The Williams Companies, Inc. is an energy company. The Company's segments include Transmission & Gulf of Mexico, Northeast G&P, West, and Gas & NGL Marketing Services. Transmission & Gulf of Mexico segment comprised of its interstate natural gas pipelines, Transco and Northwest Pipeline, as well as natural gas gathering and processing and crude oil production handling and transportation assets in the Gulf Coast region. The Northeast G&P segment comprised its midstream gathering, processing and fractionation businesses in the Marcellus Shale region, and the Utica Shale region of eastern Ohio. West segment comprised its gas gathering, processing, and treating operations in the Rocky Mountain region of Colorado and Wyoming, the Barnett Shale region of north-central Texas, the Eagle Ford Shale region of South Texas, the Haynesville Shale region, and the Mid-Continent region. The Gas & NGL Marketing Services segment includes its natural gas liquids (NGL) and natural gas marketing services.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of WILLIAMS COMPANIES INC
WMB Guru Analysis
WMB Fundamental Analysis
NISOURCE INC. (NI) is a large-cap growth stock in the Natural Gas Utilities industry. The rating according to our strategy based on Peter Lynch changed from 0% to 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: NiSource Inc. is an energy holding company that operates through Gas Distribution Operations and Electric Operations segments. Gas Distribution operations owns five distribution subsidiaries that provide natural gas to approximately 2.4 million residential, commercial and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, and Maryland. In addition, the Company distribute natural gas to approximately 853,000 customers in northern Indiana. The Company operates approximately 54,600 miles of distribution main pipeline plus the associated individual customer service lines and approximately 1,000 miles of transmission main pipeline located in its service areas. Electric Operations generates, transmits and distributes electricity to approximately 483,000 customers in 20 counties in the northern part of Indiana and also engaged in wholesale electric and transmission transactions. The Company owns and operates sources of generation as well as source power.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
INVENTORY TO SALES: PASS
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of NISOURCE INC.
NI Guru Analysis
NI Fundamental Analysis
STAAR SURGICAL COMPANY (STAA) is a mid-cap growth stock in the Medical Equipment & Supplies industry. The rating according to our strategy based on Peter Lynch changed from 69% to 87% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: STAAR Surgical Company designs, develops, manufactures and sells implantable lenses for the eye and delivery systems used to deliver the lenses into the eye. It is a manufacturer of lenses used worldwide in corrective or refractive surgery. It sells its products in approximately 75 countries, with direct distribution in Japan, Germany, Spain, the United States, Canada, the United Kingdom and Singapore, with a combination of direct distribution and independent distribution in China, Korea, India, France, Benelux and Italy. Its manufacturing facility in Monrovia, California, makes the Visian implantable Collamer lens product family, including the EVO Visian ICL, preloaded silicone cataract intraocular lenses and injector systems. Its manufacturing facility in Brugg, Switzerland, operates an administrative, distribution and operational through its subsidiary, STAAR Surgical AG. It operates administrative and distribution facilities in Japan through its subsidiary, STAAR Japan Inc.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: NEUTRAL
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of STAAR SURGICAL COMPANY
STAA Guru Analysis
STAA Fundamental Analysis
STEVEN MADDEN, LTD. (SHOO) is a mid-cap value stock in the Footwear industry. The rating according to our strategy based on Peter Lynch changed from 72% to 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Steven Madden, Ltd. designs, sources and markets footwear, accessories and apparel for women, men and children. The Company distributes its products through department stores, mass merchants, off-price retailers, shoe chains, online retailers, national chains, specialty retailers and independent stores across the United States, Canada, Mexico, Europe, South Africa and certain other international markets. The Company has five segments: Wholesale Footwear, Wholesale Accessories/Apparel, Direct-to-Consumer, First Cost and Licensing. Wholesale Footwear segment designs, sources and markets its brands and sells its products to department stores, mass merchants, off-price retailers, shoe chains, online retailers, national chains, specialty retailers and independent stores. Wholesale Accessories/Apparel segment designs, sources and markets its brands and sells its products to department stores, mass merchants, off-price retailers, online retailers, specialty retailers and independent stores.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
INVENTORY TO SALES: PASS
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of STEVEN MADDEN, LTD.
SHOO Guru Analysis
SHOO Fundamental Analysis
UNITED STATES LIME & MINERALS INC (USLM) is a small-cap growth stock in the Construction - Raw Materials industry. The rating according to our strategy based on Peter Lynch changed from 87% to 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: United States Lime & Minerals, Inc. is a manufacturer of lime and limestone products and supplying primarily the construction, industrial, metals, environmental, roof shingle manufacturers, agriculture and oil and gas services industries. The Company's construction industry includes highway, road and building contractors. Industrial includes paper and glass manufacturers. Metals industry include steel producers. Environmental industry includes municipal sanitation and water treatment facilities and flue gas treatment processes. The Company operates lime and limestone plants and distribution facilities in Arkansas, Colorado, Louisiana, Missouri, Oklahoma and Texas through its wholly owned subsidiaries, Arkansas Lime Company, ART Quarry TRS LLC, Colorado Lime Company, Mill Creek Dolomite, LLC, Texas Lime Company, U.S. Lime Company, U.S. Lime Company Shreveport, U.S. Lime Company St. Clair and U.S. Lime Company.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: NEUTRAL
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of UNITED STATES LIME & MINERALS INC
USLM Guru Analysis
USLM Fundamental Analysis
EOG RESOURCES INC (EOG) is a large-cap value stock in the Oil & Gas Operations industry. The rating according to our strategy based on Peter Lynch changed from 74% to 93% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: EOG Resources, Inc. is an independent (non-integrated) crude oil and natural gas company. The Company is engaged in exploration, development, producing and marketing crude oil, natural gas liquids (NGLs) and natural gas primarily in producing basins in the United States of America, The Republic of Trinidad and Tobago, The People's Republic of China, the Sultanate of Oman and, from time to time, select other international areas. Its operations are all crude oil, NGLs and natural gas exploration and production related. Its operations are focused in the productive basins in the United States with a focus on crude oil and, to a lesser extent, liquids-rich natural gas plays. The Company has operations offshore Trinidad, in the China Sichuan Basin, Oman and in Canada.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of EOG RESOURCES INC
EOG Guru Analysis
EOG Fundamental Analysis
VALERO ENERGY CORPORATION (VLO) is a large-cap value stock in the Oil & Gas Operations industry. The rating according to our strategy based on Peter Lynch changed from 0% to 93% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Valero Energy Corporation (Valero) is an international manufacturer and marketer of petroleum-based and low-carbon liquid transportation fuels and petrochemical products. The Company's segments include Refining, Renewable Diesel and Ethanol. The Refining segment includes the operations of its petroleum refineries, the associated marketing activities, and logistics assets that support its refining operations. The Renewable Diesel segment sells renewable diesel to the refining segment. The Ethanol segment includes the operations of its ethanol plants, the associated marketing activities, and logistics assets that support its ethanol operations. Valero owns 15 petroleum refineries located in the United States (U.S.), Canada and the United Kingdom (U.K.). The Company is also a joint venture partner in Diamond Green Diesel (DGD), which owns and operates a renewable diesel plant located in the Gulf Coast region of the United States.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of VALERO ENERGY CORPORATION
VLO Guru Analysis
VLO Fundamental Analysis
Peter Lynch Portfolio
Top Peter Lynch Stocks
About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Lynch's common sense approach and quick wit made him one of the most quoted investors on Wall Street. ("Go for a business that any idiot can run -- because sooner or later, any idiot probably is going to run it," is one of his many pearls of wisdom.) Lynch's bestseller One Up on Wall Street is something of a "stocks for the everyman/everywoman", breaking his approach down into easy-to-understand concepts.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Detailed Analysis of YETI HOLDINGS INC YETI Guru Analysis YETI Fundamental Analysis ARCOSA INC (ACA) is a mid-cap value stock in the Construction Services industry. Detailed Analysis of ARCOSA INC ACA Guru Analysis ACA Fundamental Analysis REVOLVE GROUP INC (RVLV) is a small-cap growth stock in the Retail (Apparel) industry. Detailed Analysis of ENERPLUS CORP ERF Guru Analysis ERF Fundamental Analysis MARRIOTT VACATIONS WORLDWIDE CORP (VAC) is a mid-cap growth stock in the Hotels & Motels industry. | Detailed Analysis of YETI HOLDINGS INC YETI Guru Analysis YETI Fundamental Analysis ARCOSA INC (ACA) is a mid-cap value stock in the Construction Services industry. Detailed Analysis of ARCOSA INC ACA Guru Analysis ACA Fundamental Analysis REVOLVE GROUP INC (RVLV) is a small-cap growth stock in the Retail (Apparel) industry. Detailed Analysis of ENERPLUS CORP ERF Guru Analysis ERF Fundamental Analysis MARRIOTT VACATIONS WORLDWIDE CORP (VAC) is a mid-cap growth stock in the Hotels & Motels industry. | Detailed Analysis of YETI HOLDINGS INC YETI Guru Analysis YETI Fundamental Analysis ARCOSA INC (ACA) is a mid-cap value stock in the Construction Services industry. Detailed Analysis of ARCOSA INC ACA Guru Analysis ACA Fundamental Analysis REVOLVE GROUP INC (RVLV) is a small-cap growth stock in the Retail (Apparel) industry. Detailed Analysis of ENERPLUS CORP ERF Guru Analysis ERF Fundamental Analysis MARRIOTT VACATIONS WORLDWIDE CORP (VAC) is a mid-cap growth stock in the Hotels & Motels industry. | Detailed Analysis of YETI HOLDINGS INC YETI Guru Analysis YETI Fundamental Analysis ARCOSA INC (ACA) is a mid-cap value stock in the Construction Services industry. Detailed Analysis of ARCOSA INC ACA Guru Analysis ACA Fundamental Analysis REVOLVE GROUP INC (RVLV) is a small-cap growth stock in the Retail (Apparel) industry. Detailed Analysis of ENERPLUS CORP ERF Guru Analysis ERF Fundamental Analysis MARRIOTT VACATIONS WORLDWIDE CORP (VAC) is a mid-cap growth stock in the Hotels & Motels industry. |
35304.0 | 2023-02-24 00:00:00 UTC | Energy Sector Update for 02/24/2023: SWN,DINO,IEP,ACA | ACA | https://www.nasdaq.com/articles/energy-sector-update-for-02-24-2023%3A-swndinoiepaca | nan | nan | Energy stocks were ending moderately lower Friday afternoon, with the NYSE Energy Sector Index slipping 0.2% and the Energy Select Sector SPDR Fund (XLE) down 0.4%.
The Philadelphia Oil Service Sector index, however, was posting a 1% advance and the Dow Jones US Utilities Index was climbing 0.1%.
West Texas Intermediate crude oil settled 1.2% higher at $76.32 per barrel while North Sea Brent crude also was advancing 1.3% to $83.27 per barrel. Henry Hub natural gas futures gained 6.1% to $2.45 per 1 million BTU.
In company news, Southwestern Energy (SWN) rose 8.5% after the oil and natural gas producer reported an increase in Q4 revenue over year-ago levels, rising to $3.38 billion during the three months ended Dec. 31 compared with $2.95 billion in revenue during the same quarter in 2021 and beating the Capital IQ consensus expecting $2.5 billion in Q4 revenue.
Arcosa (ACA) shares added almost 10% after the energy infrastructure company exceeded analyst estimates with fiscal Q4 results, earning $0.24 per share during the three months ended Dec. 31 on $500.3 million in revenue compared with the Capital IQ consensus expecting a $0.21 per share profit on $475.3 million in revenue.
Icahn Enterprises (IEP) stock was edging 0.4% higher after the energy investments company reported a surprise Q4 net loss of $0.74 per depositary unit, improving on a $1.72 per unit loss during the year-ago period by still missing the single-analyst estimate expecting a $0.15 per share profit for the three months ended Dec. 31.
To the downside, HF Sinclair (DINO) shares dropped nearly 6% after the petroleum refinery and marketing company reported a non-GAAP profit of $2.97 per share for its Q4 ended Dec. 31, reversing its $0.11 per share adjusted loss during the year-ago period but still lagging the Capital IQ consensus call expecting $3.60 per share.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arcosa (ACA) shares added almost 10% after the energy infrastructure company exceeded analyst estimates with fiscal Q4 results, earning $0.24 per share during the three months ended Dec. 31 on $500.3 million in revenue compared with the Capital IQ consensus expecting a $0.21 per share profit on $475.3 million in revenue. Henry Hub natural gas futures gained 6.1% to $2.45 per 1 million BTU. In company news, Southwestern Energy (SWN) rose 8.5% after the oil and natural gas producer reported an increase in Q4 revenue over year-ago levels, rising to $3.38 billion during the three months ended Dec. 31 compared with $2.95 billion in revenue during the same quarter in 2021 and beating the Capital IQ consensus expecting $2.5 billion in Q4 revenue. | Arcosa (ACA) shares added almost 10% after the energy infrastructure company exceeded analyst estimates with fiscal Q4 results, earning $0.24 per share during the three months ended Dec. 31 on $500.3 million in revenue compared with the Capital IQ consensus expecting a $0.21 per share profit on $475.3 million in revenue. In company news, Southwestern Energy (SWN) rose 8.5% after the oil and natural gas producer reported an increase in Q4 revenue over year-ago levels, rising to $3.38 billion during the three months ended Dec. 31 compared with $2.95 billion in revenue during the same quarter in 2021 and beating the Capital IQ consensus expecting $2.5 billion in Q4 revenue. To the downside, HF Sinclair (DINO) shares dropped nearly 6% after the petroleum refinery and marketing company reported a non-GAAP profit of $2.97 per share for its Q4 ended Dec. 31, reversing its $0.11 per share adjusted loss during the year-ago period but still lagging the Capital IQ consensus call expecting $3.60 per share. | Arcosa (ACA) shares added almost 10% after the energy infrastructure company exceeded analyst estimates with fiscal Q4 results, earning $0.24 per share during the three months ended Dec. 31 on $500.3 million in revenue compared with the Capital IQ consensus expecting a $0.21 per share profit on $475.3 million in revenue. In company news, Southwestern Energy (SWN) rose 8.5% after the oil and natural gas producer reported an increase in Q4 revenue over year-ago levels, rising to $3.38 billion during the three months ended Dec. 31 compared with $2.95 billion in revenue during the same quarter in 2021 and beating the Capital IQ consensus expecting $2.5 billion in Q4 revenue. To the downside, HF Sinclair (DINO) shares dropped nearly 6% after the petroleum refinery and marketing company reported a non-GAAP profit of $2.97 per share for its Q4 ended Dec. 31, reversing its $0.11 per share adjusted loss during the year-ago period but still lagging the Capital IQ consensus call expecting $3.60 per share. | Arcosa (ACA) shares added almost 10% after the energy infrastructure company exceeded analyst estimates with fiscal Q4 results, earning $0.24 per share during the three months ended Dec. 31 on $500.3 million in revenue compared with the Capital IQ consensus expecting a $0.21 per share profit on $475.3 million in revenue. Energy stocks were ending moderately lower Friday afternoon, with the NYSE Energy Sector Index slipping 0.2% and the Energy Select Sector SPDR Fund (XLE) down 0.4%. The Philadelphia Oil Service Sector index, however, was posting a 1% advance and the Dow Jones US Utilities Index was climbing 0.1%. |
35305.0 | 2023-02-24 00:00:00 UTC | Energy Sector Update for 02/24/2023: DINO,IEP,ACA | ACA | https://www.nasdaq.com/articles/energy-sector-update-for-02-24-2023%3A-dinoiepaca | nan | nan | Energy stocks were mostly lower Friday afternoon with both the NYSE Energy Sector Index and the Energy Select Sector SPDR Fund (XLE) down 1%. The Philadelphia Oil Service Sector index, however, was posting a 0.41% advance although the Dow Jones US Utilities Index still was slipping 0.3%.
West Texas Intermediate crude oil was rising 1.1% to $76.22 per barrel while North Sea Brent crude also was advancing 0.92% to $82.97 per barrel. Henry Hub natural gas futures were 5.3% higher at $2.44 per 1 million BTU.
In company news, HF Sinclair (DINO) shares dropped nearly 7% after the petroleum refinery and marketing company reported a non-GAAP profit of $2.97 per share for its Q4 ended Dec. 31, reversing its $0.11 per share adjusted loss during the year-ago period but still lagging the Capital IQ consensus call expecting $3.60 per share.
Icahn Enterprises (IEP) stock was edging 0.1% lower after the energy investments company reported a surprise Q4 net loss of $0.74 per depositary unit, improving on a $1.72 per unit loss during the year-ago period by still missing the single-analyst estimate expecting a $0.15 per share profit for the three months ended Dec. 31.
Arcosa (ACA) shares added nearly 9% after the energy infrastructure company exceeded analyst estimates with fiscal Q4 results, earning $0.24 per share during the three months ended Dec. 31 on $500.3 million in revenue compared with the Capital IQ consensus expecting a $0.21 per share profit on $475.3 million in revenue.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arcosa (ACA) shares added nearly 9% after the energy infrastructure company exceeded analyst estimates with fiscal Q4 results, earning $0.24 per share during the three months ended Dec. 31 on $500.3 million in revenue compared with the Capital IQ consensus expecting a $0.21 per share profit on $475.3 million in revenue. Henry Hub natural gas futures were 5.3% higher at $2.44 per 1 million BTU. Icahn Enterprises (IEP) stock was edging 0.1% lower after the energy investments company reported a surprise Q4 net loss of $0.74 per depositary unit, improving on a $1.72 per unit loss during the year-ago period by still missing the single-analyst estimate expecting a $0.15 per share profit for the three months ended Dec. 31. | Arcosa (ACA) shares added nearly 9% after the energy infrastructure company exceeded analyst estimates with fiscal Q4 results, earning $0.24 per share during the three months ended Dec. 31 on $500.3 million in revenue compared with the Capital IQ consensus expecting a $0.21 per share profit on $475.3 million in revenue. In company news, HF Sinclair (DINO) shares dropped nearly 7% after the petroleum refinery and marketing company reported a non-GAAP profit of $2.97 per share for its Q4 ended Dec. 31, reversing its $0.11 per share adjusted loss during the year-ago period but still lagging the Capital IQ consensus call expecting $3.60 per share. Icahn Enterprises (IEP) stock was edging 0.1% lower after the energy investments company reported a surprise Q4 net loss of $0.74 per depositary unit, improving on a $1.72 per unit loss during the year-ago period by still missing the single-analyst estimate expecting a $0.15 per share profit for the three months ended Dec. 31. | Arcosa (ACA) shares added nearly 9% after the energy infrastructure company exceeded analyst estimates with fiscal Q4 results, earning $0.24 per share during the three months ended Dec. 31 on $500.3 million in revenue compared with the Capital IQ consensus expecting a $0.21 per share profit on $475.3 million in revenue. In company news, HF Sinclair (DINO) shares dropped nearly 7% after the petroleum refinery and marketing company reported a non-GAAP profit of $2.97 per share for its Q4 ended Dec. 31, reversing its $0.11 per share adjusted loss during the year-ago period but still lagging the Capital IQ consensus call expecting $3.60 per share. Icahn Enterprises (IEP) stock was edging 0.1% lower after the energy investments company reported a surprise Q4 net loss of $0.74 per depositary unit, improving on a $1.72 per unit loss during the year-ago period by still missing the single-analyst estimate expecting a $0.15 per share profit for the three months ended Dec. 31. | Arcosa (ACA) shares added nearly 9% after the energy infrastructure company exceeded analyst estimates with fiscal Q4 results, earning $0.24 per share during the three months ended Dec. 31 on $500.3 million in revenue compared with the Capital IQ consensus expecting a $0.21 per share profit on $475.3 million in revenue. Energy stocks were mostly lower Friday afternoon with both the NYSE Energy Sector Index and the Energy Select Sector SPDR Fund (XLE) down 1%. West Texas Intermediate crude oil was rising 1.1% to $76.22 per barrel while North Sea Brent crude also was advancing 0.92% to $82.97 per barrel. |
35306.0 | 2023-02-13 00:00:00 UTC | Capital International Investors Cuts Stake in Arcosa (ACA) | ACA | https://www.nasdaq.com/articles/capital-international-investors-cuts-stake-in-arcosa-aca | nan | nan | Fintel reports that Capital International Investors has filed a 13G/A form with the SEC disclosing ownership of 2.63MM shares of Arcosa Inc (ACA). This represents 5.4% of the company.
In their previous filing dated February 11, 2022 they reported 3.77MM shares and 7.80% of the company, a decrease in shares of 30.16% and a decrease in total ownership of 2.40% (calculated as current - previous percent ownership).
Analyst Price Forecast Suggests 23.96% Upside
As of February 11, 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 23.96% from its latest reported closing price of $57.60.
The projected annual revenue for Arcosa is $2,168MM, a decrease of 4.25%. The projected annual EPS is $1.84, a decrease of 11.36%.
What is the Fund Sentiment?
There are 611 funds or institutions reporting positions in Arcosa. This is an increase of 15 owner(s) or 2.52% in the last quarter. Average portfolio weight of all funds dedicated to ACA is 0.25%, an increase of 23.28%. Total shares owned by institutions decreased in the last three months by 0.82% to 56,342K shares. The put/call ratio of ACA is 0.41, indicating a bullish outlook.
What are large shareholders doing?
SMCWX - SMALLCAP WORLD FUND INC holds 3,863K shares representing 7.99% ownership of the company. No change in the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 3,535K shares representing 7.31% ownership of the company. In it's prior filing, the firm reported owning 3,373K shares, representing an increase of 4.59%. The firm increased its portfolio allocation in ACA by 31.00% over the last quarter.
Alliancebernstein holds 2,546K shares representing 5.27% ownership of the company. In it's prior filing, the firm reported owning 2,474K shares, representing an increase of 2.84%. The firm increased its portfolio allocation in ACA by 34.36% over the last quarter.
Capital World Investors holds 1,895K shares representing 3.92% ownership of the company. No change in the last quarter.
Royce & Associates holds 1,532K shares representing 3.17% ownership of the company. In it's prior filing, the firm reported owning 1,736K shares, representing a decrease of 13.33%. The firm decreased its portfolio allocation in ACA by 22.50% over the last quarter.
Arcosa Declares $0.05 Dividend
On December 8, 2022 the company declared a regular quarterly dividend of $0.05 per share ($0.20 annualized). Shareholders of record as of January 12, 2023 received the payment on January 31, 2023. Previously, the company paid $0.05 per share.
At the current share price of $57.60 / share, the stock's dividend yield is 0.35%. Looking back five years and taking a sample every week, the average dividend yield has been 0.43%, the lowest has been 0.30%, and the highest has been 0.69%. The standard deviation of yields is 0.10 (n=186).
The current dividend yield is 0.88 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.10. 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.
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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Fintel reports that Capital International Investors has filed a 13G/A form with the SEC disclosing ownership of 2.63MM shares of Arcosa Inc (ACA). Average portfolio weight of all funds dedicated to ACA is 0.25%, an increase of 23.28%. The put/call ratio of ACA is 0.41, indicating a bullish outlook. | Fintel reports that Capital International Investors has filed a 13G/A form with the SEC disclosing ownership of 2.63MM shares of Arcosa Inc (ACA). Average portfolio weight of all funds dedicated to ACA is 0.25%, an increase of 23.28%. The put/call ratio of ACA is 0.41, indicating a bullish outlook. | Fintel reports that Capital International Investors has filed a 13G/A form with the SEC disclosing ownership of 2.63MM shares of Arcosa Inc (ACA). Average portfolio weight of all funds dedicated to ACA is 0.25%, an increase of 23.28%. The put/call ratio of ACA is 0.41, indicating a bullish outlook. | The firm decreased its portfolio allocation in ACA by 22.50% over the last quarter. Fintel reports that Capital International Investors has filed a 13G/A form with the SEC disclosing ownership of 2.63MM shares of Arcosa Inc (ACA). Average portfolio weight of all funds dedicated to ACA is 0.25%, an increase of 23.28%. |
35307.0 | 2023-01-11 00:00:00 UTC | ACA Makes Bullish Cross Above Critical Moving Average | ACA | https://www.nasdaq.com/articles/aca-makes-bullish-cross-above-critical-moving-average-0 | nan | nan | In trading on Wednesday, shares of Arcosa Inc (Symbol: ACA) crossed above their 200 day moving average of $55.74, changing hands as high as $57.26 per share. Arcosa Inc shares are currently trading up about 2.4% on the day. The chart below shows the one year performance of ACA shares, versus its 200 day moving average:
Looking at the chart above, ACA's low point in its 52 week range is $43.42 per share, with $65.80 as the 52 week high point — that compares with a last trade of $56.65.
Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average »
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ASCA Videos
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Wednesday, shares of Arcosa Inc (Symbol: ACA) crossed above their 200 day moving average of $55.74, changing hands as high as $57.26 per share. The chart below shows the one year performance of ACA shares, versus its 200 day moving average: Looking at the chart above, ACA's low point in its 52 week range is $43.42 per share, with $65.80 as the 52 week high point — that compares with a last trade of $56.65. Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » Also see: BFC Dividend History Top Ten Hedge Funds Holding U ASCA Videos The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Wednesday, shares of Arcosa Inc (Symbol: ACA) crossed above their 200 day moving average of $55.74, changing hands as high as $57.26 per share. The chart below shows the one year performance of ACA shares, versus its 200 day moving average: Looking at the chart above, ACA's low point in its 52 week range is $43.42 per share, with $65.80 as the 52 week high point — that compares with a last trade of $56.65. Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » Also see: BFC Dividend History Top Ten Hedge Funds Holding U ASCA Videos The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Wednesday, shares of Arcosa Inc (Symbol: ACA) crossed above their 200 day moving average of $55.74, changing hands as high as $57.26 per share. The chart below shows the one year performance of ACA shares, versus its 200 day moving average: Looking at the chart above, ACA's low point in its 52 week range is $43.42 per share, with $65.80 as the 52 week high point — that compares with a last trade of $56.65. Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » Also see: BFC Dividend History Top Ten Hedge Funds Holding U ASCA Videos The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Wednesday, shares of Arcosa Inc (Symbol: ACA) crossed above their 200 day moving average of $55.74, changing hands as high as $57.26 per share. The chart below shows the one year performance of ACA shares, versus its 200 day moving average: Looking at the chart above, ACA's low point in its 52 week range is $43.42 per share, with $65.80 as the 52 week high point — that compares with a last trade of $56.65. Arcosa Inc shares are currently trading up about 2.4% on the day. |
35308.0 | 2023-01-10 00:00:00 UTC | Ex-Dividend Reminder: Arcosa, Trinity Industries and WD-40 | ACA | https://www.nasdaq.com/articles/ex-dividend-reminder%3A-arcosa-trinity-industries-and-wd-40 | nan | nan | Looking at the universe of stocks we cover at Dividend Channel, on 1/12/23, Arcosa Inc (Symbol: ACA), Trinity Industries, Inc. (Symbol: TRN), and WD-40 Co (Symbol: WDFC) will all trade ex-dividend for their respective upcoming dividends. Arcosa Inc will pay its quarterly dividend of $0.05 on 1/31/23, Trinity Industries, Inc. will pay its quarterly dividend of $0.26 on 1/31/23, and WD-40 Co will pay its quarterly dividend of $0.83 on 1/31/23. As a percentage of ACA's recent stock price of $53.48, this dividend works out to approximately 0.09%, so look for shares of Arcosa Inc to trade 0.09% lower — all else being equal — when ACA shares open for trading on 1/12/23. Similarly, investors should look for TRN to open 0.97% lower in price and for WDFC to open 0.52% lower, all else being equal.
Below are dividend history charts for ACA, TRN, and WDFC, showing historical dividends prior to the most recent ones declared.
Arcosa Inc (Symbol: ACA):
Trinity Industries, Inc. (Symbol: TRN):
WD-40 Co (Symbol: WDFC):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 0.37% for Arcosa Inc, 3.90% for Trinity Industries, Inc., and 2.09% for WD-40 Co.
Free Report: Top 8%+ Dividends (paid monthly)
In Tuesday trading, Arcosa Inc shares are currently up about 0.3%, Trinity Industries, Inc. shares are up about 0.3%, and WD-40 Co shares are down about 2.2% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Looking at the universe of stocks we cover at Dividend Channel, on 1/12/23, Arcosa Inc (Symbol: ACA), Trinity Industries, Inc. (Symbol: TRN), and WD-40 Co (Symbol: WDFC) will all trade ex-dividend for their respective upcoming dividends. As a percentage of ACA's recent stock price of $53.48, this dividend works out to approximately 0.09%, so look for shares of Arcosa Inc to trade 0.09% lower — all else being equal — when ACA shares open for trading on 1/12/23. Below are dividend history charts for ACA, TRN, and WDFC, showing historical dividends prior to the most recent ones declared. | Looking at the universe of stocks we cover at Dividend Channel, on 1/12/23, Arcosa Inc (Symbol: ACA), Trinity Industries, Inc. (Symbol: TRN), and WD-40 Co (Symbol: WDFC) will all trade ex-dividend for their respective upcoming dividends. Arcosa Inc (Symbol: ACA): Trinity Industries, Inc. (Symbol: TRN): WD-40 Co (Symbol: WDFC): In general, dividends are not always predictable, following the ups and downs of company profits over time. As a percentage of ACA's recent stock price of $53.48, this dividend works out to approximately 0.09%, so look for shares of Arcosa Inc to trade 0.09% lower — all else being equal — when ACA shares open for trading on 1/12/23. | Looking at the universe of stocks we cover at Dividend Channel, on 1/12/23, Arcosa Inc (Symbol: ACA), Trinity Industries, Inc. (Symbol: TRN), and WD-40 Co (Symbol: WDFC) will all trade ex-dividend for their respective upcoming dividends. As a percentage of ACA's recent stock price of $53.48, this dividend works out to approximately 0.09%, so look for shares of Arcosa Inc to trade 0.09% lower — all else being equal — when ACA shares open for trading on 1/12/23. Below are dividend history charts for ACA, TRN, and WDFC, showing historical dividends prior to the most recent ones declared. | As a percentage of ACA's recent stock price of $53.48, this dividend works out to approximately 0.09%, so look for shares of Arcosa Inc to trade 0.09% lower — all else being equal — when ACA shares open for trading on 1/12/23. Arcosa Inc (Symbol: ACA): Trinity Industries, Inc. (Symbol: TRN): WD-40 Co (Symbol: WDFC): In general, dividends are not always predictable, following the ups and downs of company profits over time. Looking at the universe of stocks we cover at Dividend Channel, on 1/12/23, Arcosa Inc (Symbol: ACA), Trinity Industries, Inc. (Symbol: TRN), and WD-40 Co (Symbol: WDFC) will all trade ex-dividend for their respective upcoming dividends. |
35309.0 | 2023-01-03 00:00:00 UTC | Is First Trust RBA American Industrial Renaissance ETF (AIRR) a Strong ETF Right Now? | ACA | https://www.nasdaq.com/articles/is-first-trust-rba-american-industrial-renaissance-etf-airr-a-strong-etf-right-now-3 | nan | nan | Launched on 03/10/2014, the First Trust RBA American Industrial Renaissance ETF (AIRR) is a smart beta exchange traded fund offering broad exposure to the Industrials ETFs category of the market.
What Are Smart Beta ETFs?
Market cap weighted indexes were created to reflect the market, or a specific segment of the market, and the ETF industry has traditionally been dominated by products based on this strategy.
A good option for investors who believe in market efficiency, market cap weighted indexes offer a low-cost, convenient, and transparent way of replicating market returns.
If you're the kind of investor who would rather try and beat the market through good stock selection, then smart beta funds are your best choice; this fund class is known for tracking non-cap weighted strategies.
This kind of index follows this same mindset, as it attempts to pick stocks that have better chances of risk-return performance; non-cap weighted strategies base selection on certain fundamental characteristics, or a mix of such characteristics.
While this space offers a number of choices to investors, including simplest equal-weighting, fundamental weighting and volatility/momentum based weighting methodologies, not all these strategies have been able to deliver superior results.
Fund Sponsor & Index
The fund is sponsored by First Trust Advisors. It has amassed assets over $220.60 million, making it one of the average sized ETFs in the Industrials ETFs. This particular fund seeks to match the performance of the Richard Bernstein Advisors American Industrial Renaissance Index before fees and expenses.
The Richard Bernstein Advisors American Industrial Renaissance Index is measures the performance of small and mid cap US companies in the industrial and community banking sectors.
Cost & Other Expenses
Since cheaper funds tend to produce better results than more expensive funds, assuming all other factors remain equal, it is important for investors to pay attention to an ETF's expense ratio.
With one of the most expensive products in the space, this ETF has annual operating expenses of 0.70%.
The fund has a 12-month trailing dividend yield of 0.12%.
Sector Exposure and Top Holdings
ETFs offer diversified exposure and thus minimize single stock risk, but it is still important to delve into a fund's holdings before investing. Most ETFs are very transparent products and many disclose their holdings on a daily basis.
For AIRR, it has heaviest allocation in the Industrials sector --about 90% of the portfolio --while Financials and Energy round out the top three.
Taking into account individual holdings, Arcosa, Inc. (ACA) accounts for about 3.67% of the fund's total assets, followed by Clean Harbors, Inc. (CLH) and The Shyft Group, Inc. (SHYF).
The top 10 holdings account for about 32.81% of total assets under management.
Performance and Risk
The ETF has gained about 0% and is down about -2.09% so far this year and in the past one year (as of 01/03/2023), respectively. AIRR has traded between $36.26 and $47.26 during this last 52-week period.
The fund has a beta of 1.24 and standard deviation of 33.75% for the trailing three-year period, which makes AIRR a high risk choice in this particular space. With about 56 holdings, it effectively diversifies company-specific risk.
Alternatives
First Trust RBA American Industrial Renaissance ETF is a reasonable option for investors seeking to outperform the Industrials ETFs segment of the market. However, there are other ETFs in the space which investors could consider.
Vanguard Industrials ETF (VIS) tracks MSCI US Investable Market Industrials 25/50 Index and the Industrial Select Sector SPDR ETF (XLI) tracks Industrial Select Sector Index. Vanguard Industrials ETF has $3.64 billion in assets, Industrial Select Sector SPDR ETF has $13.45 billion. VIS has an expense ratio of 0.10% and XLI charges 0.10%.
Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Industrials ETFs.
Bottom Line
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First Trust RBA American Industrial Renaissance ETF (AIRR): ETF Research Reports
Clean Harbors, Inc. (CLH) : Free Stock Analysis Report
Vanguard Industrials ETF (VIS): ETF Research Reports
Industrial Select Sector SPDR ETF (XLI): ETF Research Reports
Arcosa, Inc. (ACA) : Free Stock Analysis Report
The Shyft Group, Inc. (SHYF) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Taking into account individual holdings, Arcosa, Inc. (ACA) accounts for about 3.67% of the fund's total assets, followed by Clean Harbors, Inc. (CLH) and The Shyft Group, Inc. (SHYF). Click to get this free report First Trust RBA American Industrial Renaissance ETF (AIRR): ETF Research Reports Clean Harbors, Inc. (CLH) : Free Stock Analysis Report Vanguard Industrials ETF (VIS): ETF Research Reports Industrial Select Sector SPDR ETF (XLI): ETF Research Reports Arcosa, Inc. (ACA) : Free Stock Analysis Report The Shyft Group, Inc. (SHYF) : Free Stock Analysis Report To read this article on Zacks.com click here. This particular fund seeks to match the performance of the Richard Bernstein Advisors American Industrial Renaissance Index before fees and expenses. | Click to get this free report First Trust RBA American Industrial Renaissance ETF (AIRR): ETF Research Reports Clean Harbors, Inc. (CLH) : Free Stock Analysis Report Vanguard Industrials ETF (VIS): ETF Research Reports Industrial Select Sector SPDR ETF (XLI): ETF Research Reports Arcosa, Inc. (ACA) : Free Stock Analysis Report The Shyft Group, Inc. (SHYF) : Free Stock Analysis Report To read this article on Zacks.com click here. Taking into account individual holdings, Arcosa, Inc. (ACA) accounts for about 3.67% of the fund's total assets, followed by Clean Harbors, Inc. (CLH) and The Shyft Group, Inc. (SHYF). Launched on 03/10/2014, the First Trust RBA American Industrial Renaissance ETF (AIRR) is a smart beta exchange traded fund offering broad exposure to the Industrials ETFs category of the market. | Click to get this free report First Trust RBA American Industrial Renaissance ETF (AIRR): ETF Research Reports Clean Harbors, Inc. (CLH) : Free Stock Analysis Report Vanguard Industrials ETF (VIS): ETF Research Reports Industrial Select Sector SPDR ETF (XLI): ETF Research Reports Arcosa, Inc. (ACA) : Free Stock Analysis Report The Shyft Group, Inc. (SHYF) : Free Stock Analysis Report To read this article on Zacks.com click here. Taking into account individual holdings, Arcosa, Inc. (ACA) accounts for about 3.67% of the fund's total assets, followed by Clean Harbors, Inc. (CLH) and The Shyft Group, Inc. (SHYF). Launched on 03/10/2014, the First Trust RBA American Industrial Renaissance ETF (AIRR) is a smart beta exchange traded fund offering broad exposure to the Industrials ETFs category of the market. | Taking into account individual holdings, Arcosa, Inc. (ACA) accounts for about 3.67% of the fund's total assets, followed by Clean Harbors, Inc. (CLH) and The Shyft Group, Inc. (SHYF). Click to get this free report First Trust RBA American Industrial Renaissance ETF (AIRR): ETF Research Reports Clean Harbors, Inc. (CLH) : Free Stock Analysis Report Vanguard Industrials ETF (VIS): ETF Research Reports Industrial Select Sector SPDR ETF (XLI): ETF Research Reports Arcosa, Inc. (ACA) : Free Stock Analysis Report The Shyft Group, Inc. (SHYF) : Free Stock Analysis Report To read this article on Zacks.com click here. Launched on 03/10/2014, the First Trust RBA American Industrial Renaissance ETF (AIRR) is a smart beta exchange traded fund offering broad exposure to the Industrials ETFs category of the market. |
35310.0 | 2022-12-16 00:00:00 UTC | Arcosa Enters Oversold Territory (ACA) | ACA | https://www.nasdaq.com/articles/arcosa-enters-oversold-territory-aca | nan | nan | Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In trading on Friday, shares of Arcosa Inc (Symbol: ACA) entered into oversold territory, hitting an RSI reading of 29.8, after changing hands as low as $53.70 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 40.5. A bullish investor could look at ACA's 29.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of ACA shares:
Looking at the chart above, ACA's low point in its 52 week range is $43.42 per share, with $65.80 as the 52 week high point — that compares with a last trade of $55.05.
Find out what 9 other oversold stocks you need to know about »
Also see:
Canada Stock Channel
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QFTA YTD Return
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | A bullish investor could look at ACA's 29.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of ACA shares: Looking at the chart above, ACA's low point in its 52 week range is $43.42 per share, with $65.80 as the 52 week high point — that compares with a last trade of $55.05. In trading on Friday, shares of Arcosa Inc (Symbol: ACA) entered into oversold territory, hitting an RSI reading of 29.8, after changing hands as low as $53.70 per share. | A bullish investor could look at ACA's 29.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of ACA shares: Looking at the chart above, ACA's low point in its 52 week range is $43.42 per share, with $65.80 as the 52 week high point — that compares with a last trade of $55.05. In trading on Friday, shares of Arcosa Inc (Symbol: ACA) entered into oversold territory, hitting an RSI reading of 29.8, after changing hands as low as $53.70 per share. | In trading on Friday, shares of Arcosa Inc (Symbol: ACA) entered into oversold territory, hitting an RSI reading of 29.8, after changing hands as low as $53.70 per share. The chart below shows the one year performance of ACA shares: Looking at the chart above, ACA's low point in its 52 week range is $43.42 per share, with $65.80 as the 52 week high point — that compares with a last trade of $55.05. A bullish investor could look at ACA's 29.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. | In trading on Friday, shares of Arcosa Inc (Symbol: ACA) entered into oversold territory, hitting an RSI reading of 29.8, after changing hands as low as $53.70 per share. A bullish investor could look at ACA's 29.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of ACA shares: Looking at the chart above, ACA's low point in its 52 week range is $43.42 per share, with $65.80 as the 52 week high point — that compares with a last trade of $55.05. |
35311.0 | 2022-12-15 00:00:00 UTC | Notable Two Hundred Day Moving Average Cross - ACA | ACA | https://www.nasdaq.com/articles/notable-two-hundred-day-moving-average-cross-aca | nan | nan | In trading on Thursday, shares of Arcosa Inc (Symbol: ACA) crossed below their 200 day moving average of $55.93, changing hands as low as $55.48 per share. Arcosa Inc shares are currently trading down about 3.4% on the day. The chart below shows the one year performance of ACA shares, versus its 200 day moving average:
Looking at the chart above, ACA's low point in its 52 week range is $43.42 per share, with $65.80 as the 52 week high point — that compares with a last trade of $55.54.
Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average »
Also see:
Funds Holding SGDM
ETFs Holding GEC
FLEX YTD Return
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Thursday, shares of Arcosa Inc (Symbol: ACA) crossed below their 200 day moving average of $55.93, changing hands as low as $55.48 per share. The chart below shows the one year performance of ACA shares, versus its 200 day moving average: Looking at the chart above, ACA's low point in its 52 week range is $43.42 per share, with $65.80 as the 52 week high point — that compares with a last trade of $55.54. Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average » Also see: Funds Holding SGDM ETFs Holding GEC FLEX YTD Return The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Thursday, shares of Arcosa Inc (Symbol: ACA) crossed below their 200 day moving average of $55.93, changing hands as low as $55.48 per share. The chart below shows the one year performance of ACA shares, versus its 200 day moving average: Looking at the chart above, ACA's low point in its 52 week range is $43.42 per share, with $65.80 as the 52 week high point — that compares with a last trade of $55.54. Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average » Also see: Funds Holding SGDM ETFs Holding GEC FLEX YTD Return The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Thursday, shares of Arcosa Inc (Symbol: ACA) crossed below their 200 day moving average of $55.93, changing hands as low as $55.48 per share. The chart below shows the one year performance of ACA shares, versus its 200 day moving average: Looking at the chart above, ACA's low point in its 52 week range is $43.42 per share, with $65.80 as the 52 week high point — that compares with a last trade of $55.54. Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average » Also see: Funds Holding SGDM ETFs Holding GEC FLEX YTD Return The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Thursday, shares of Arcosa Inc (Symbol: ACA) crossed below their 200 day moving average of $55.93, changing hands as low as $55.48 per share. The chart below shows the one year performance of ACA shares, versus its 200 day moving average: Looking at the chart above, ACA's low point in its 52 week range is $43.42 per share, with $65.80 as the 52 week high point — that compares with a last trade of $55.54. Arcosa Inc shares are currently trading down about 3.4% on the day. |
35312.0 | 2022-11-04 00:00:00 UTC | Should You Invest in the First Trust RBA American Industrial Renaissance ETF (AIRR)? | ACA | https://www.nasdaq.com/articles/should-you-invest-in-the-first-trust-rba-american-industrial-renaissance-etf-airr-2 | nan | nan | If you're interested in broad exposure to the Industrials - Broad segment of the equity market, look no further than the First Trust RBA American Industrial Renaissance ETF (AIRR), a passively managed exchange traded fund launched on 03/10/2014.
While an excellent vehicle for long term investors, passively managed ETFs are a popular choice among institutional and retail investors due to their low costs, transparency, flexibility, and tax efficiency.
Sector ETFs also provide investors access to a broad group of companies in particular sectors that offer low risk and diversified exposure. Industrials - Broad is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 12, placing it in bottom 25%.
Index Details
The fund is sponsored by First Trust Advisors. It has amassed assets over $201.43 million, making it one of the average sized ETFs attempting to match the performance of the Industrials - Broad segment of the equity market. AIRR seeks to match the performance of the Richard Bernstein Advisors American Industrial Renaissance Index before fees and expenses.
The Richard Bernstein Advisors American Industrial Renaissance Index is measures the performance of small and mid cap US companies in the industrial and community banking sectors.
Costs
When considering an ETF's total return, expense ratios are an important factor, and cheaper funds can significantly outperform their more expensive counterparts in the long term if all other factors remain equal.
Annual operating expenses for this ETF are 0.70%, making it one of the most expensive products in the space.
It has a 12-month trailing dividend yield of 0.05%.
Sector Exposure and Top Holdings
Even though ETFs offer diversified exposure which minimizes single stock risk, it is still important to look into a fund's holdings before investing. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
This ETF has heaviest allocation in the Industrials sector--about 89.50% of the portfolio, followed by Financials.
Looking at individual holdings, Arcosa, Inc. (ACA) accounts for about 3.67% of total assets, followed by Clean Harbors, Inc. (CLH) and The Shyft Group, Inc. (SHYF).
The top 10 holdings account for about 32.81% of total assets under management.
Performance and Risk
The ETF has lost about -3.08% and is down about -3.23% so far this year and in the past one year (as of 11/04/2022), respectively. AIRR has traded between $36.26 and $47.78 during this last 52-week period.
The ETF has a beta of 1.25 and standard deviation of 33.40% for the trailing three-year period, making it a high risk choice in the space. With about 56 holdings, it effectively diversifies company-specific risk.
Alternatives
First Trust RBA American Industrial Renaissance ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, AIRR is a reasonable option for those seeking exposure to the Industrials ETFs area of the market. Investors might also want to consider some other ETF options in the space.
Vanguard Industrials ETF (VIS) tracks MSCI US Investable Market Industrials 25/50 Index and the Industrial Select Sector SPDR ETF (XLI) tracks Industrial Select Sector Index. Vanguard Industrials ETF has $3.46 billion in assets, Industrial Select Sector SPDR ETF has $12.66 billion. VIS has an expense ratio of 0.10% and XLI charges 0.10%.
Bottom Line
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First Trust RBA American Industrial Renaissance ETF (AIRR): ETF Research Reports
Clean Harbors, Inc. (CLH): Free Stock Analysis Report
Vanguard Industrials ETF (VIS): ETF Research Reports
Industrial Select Sector SPDR ETF (XLI): ETF Research Reports
Arcosa, Inc. (ACA): Free Stock Analysis Report
The Shyft Group, Inc. (SHYF): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Looking at individual holdings, Arcosa, Inc. (ACA) accounts for about 3.67% of total assets, followed by Clean Harbors, Inc. (CLH) and The Shyft Group, Inc. (SHYF). Arcosa, Inc. (ACA): Free Stock Analysis Report It has amassed assets over $201.43 million, making it one of the average sized ETFs attempting to match the performance of the Industrials - Broad segment of the equity market. | Looking at individual holdings, Arcosa, Inc. (ACA) accounts for about 3.67% of total assets, followed by Clean Harbors, Inc. (CLH) and The Shyft Group, Inc. (SHYF). Arcosa, Inc. (ACA): Free Stock Analysis Report If you're interested in broad exposure to the Industrials - Broad segment of the equity market, look no further than the First Trust RBA American Industrial Renaissance ETF (AIRR), a passively managed exchange traded fund launched on 03/10/2014. | Looking at individual holdings, Arcosa, Inc. (ACA) accounts for about 3.67% of total assets, followed by Clean Harbors, Inc. (CLH) and The Shyft Group, Inc. (SHYF). Arcosa, Inc. (ACA): Free Stock Analysis Report Alternatives First Trust RBA American Industrial Renaissance ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. | Looking at individual holdings, Arcosa, Inc. (ACA) accounts for about 3.67% of total assets, followed by Clean Harbors, Inc. (CLH) and The Shyft Group, Inc. (SHYF). Arcosa, Inc. (ACA): Free Stock Analysis Report If you're interested in broad exposure to the Industrials - Broad segment of the equity market, look no further than the First Trust RBA American Industrial Renaissance ETF (AIRR), a passively managed exchange traded fund launched on 03/10/2014. |
35313.0 | 2022-11-02 00:00:00 UTC | Arcosa (ACA) Q3 Earnings and Revenues Beat Estimates | ACA | https://www.nasdaq.com/articles/arcosa-aca-q3-earnings-and-revenues-beat-estimates | nan | nan | Arcosa (ACA) came out with quarterly earnings of $0.70 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.57 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 20.69%. A quarter ago, it was expected that this provider of infrastructure-related products and services would post earnings of $0.46 per share when it actually produced earnings of $0.83, delivering a surprise of 80.43%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Arcosa, which belongs to the Zacks Building Products - Miscellaneous industry, posted revenues of $603.9 million for the quarter ended September 2022, surpassing the Zacks Consensus Estimate by 5.97%. This compares to year-ago revenues of $559.1 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Arcosa shares have added about 23% since the beginning of the year versus the S&P 500's decline of -19.1%.
What's Next for Arcosa?
While Arcosa has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Arcosa: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.44 on $536.7 million in revenues for the coming quarter and $2.31 on $2.25 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Building Products - Miscellaneous is currently in the bottom 31% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Hillman Solutions Corp. (HLMN), is yet to report results for the quarter ended September 2022. The results are expected to be released on November 3.
This company is expected to post quarterly earnings of $0.08 per share in its upcoming report, which represents a year-over-year change of +100%. The consensus EPS estimate for the quarter has been revised 66.7% higher over the last 30 days to the current level.
Hillman Solutions Corp.'s revenues are expected to be $388.3 million, up 6.5% from the year-ago quarter.
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Arcosa, Inc. (ACA): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arcosa (ACA) came out with quarterly earnings of $0.70 per share, beating the Zacks Consensus Estimate of $0.58 per share. Arcosa, Inc. (ACA): Free Stock Analysis Report While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. | Arcosa (ACA) came out with quarterly earnings of $0.70 per share, beating the Zacks Consensus Estimate of $0.58 per share. Arcosa, Inc. (ACA): Free Stock Analysis Report Arcosa, which belongs to the Zacks Building Products - Miscellaneous industry, posted revenues of $603.9 million for the quarter ended September 2022, surpassing the Zacks Consensus Estimate by 5.97%. | Arcosa (ACA) came out with quarterly earnings of $0.70 per share, beating the Zacks Consensus Estimate of $0.58 per share. Arcosa, Inc. (ACA): Free Stock Analysis Report Arcosa, which belongs to the Zacks Building Products - Miscellaneous industry, posted revenues of $603.9 million for the quarter ended September 2022, surpassing the Zacks Consensus Estimate by 5.97%. | Arcosa (ACA) came out with quarterly earnings of $0.70 per share, beating the Zacks Consensus Estimate of $0.58 per share. Arcosa, Inc. (ACA): Free Stock Analysis Report Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. |
35314.0 | 2022-11-02 00:00:00 UTC | Is First Trust RBA American Industrial Renaissance ETF (AIRR) a Strong ETF Right Now? | ACA | https://www.nasdaq.com/articles/is-first-trust-rba-american-industrial-renaissance-etf-airr-a-strong-etf-right-now-2 | nan | nan | Making its debut on 03/10/2014, smart beta exchange traded fund First Trust RBA American Industrial Renaissance ETF (AIRR) provides investors broad exposure to the Industrials ETFs category of the market.
What Are Smart Beta ETFs?
The ETF industry has traditionally been dominated by products based on market capitalization weighted indexes that are designed to represent the market or a particular segment of the market.
Market cap weighted indexes offer a low-cost, convenient, and transparent way of replicating market returns, and are a good option for investors who believe in market efficiency.
But, there are some investors who would rather invest in smart beta funds; these funds track non-cap weighted strategies, and are a strong option for those who prefer choosing great stocks in order to beat the market.
Non-cap weighted indexes try to choose stocks that have a better chance of risk-return performance, which is based on specific fundamental characteristics, or a mix of other such characteristics.
This area offers many different investment choices, such as simplest equal-weighting, fundamental weighting and volatility/momentum based weighting methodologies; however, not all of these strategies can deliver superior results.
Fund Sponsor & Index
The fund is sponsored by First Trust Advisors. It has amassed assets over $201.32 million, making it one of the average sized ETFs in the Industrials ETFs. AIRR, before fees and expenses, seeks to match the performance of the Richard Bernstein Advisors American Industrial Renaissance Index.
The Richard Bernstein Advisors American Industrial Renaissance Index is measures the performance of small and mid cap US companies in the industrial and community banking sectors.
Cost & Other Expenses
Cost is an important factor in selecting the right ETF, and cheaper funds can significantly outperform their more expensive cousins if all other fundamentals are the same.
With one of the most expensive products in the space, this ETF has annual operating expenses of 0.70%.
AIRR's 12-month trailing dividend yield is 0.05%.
Sector Exposure and Top Holdings
ETFs offer diversified exposure and thus minimize single stock risk, but it is still important to delve into a fund's holdings before investing. Most ETFs are very transparent products and many disclose their holdings on a daily basis.
AIRR's heaviest allocation is in the Industrials sector, which is about 89.40% of the portfolio. Its Financials and Energy round out the top three.
Taking into account individual holdings, Arcosa, Inc. (ACA) accounts for about 3.67% of the fund's total assets, followed by Clean Harbors, Inc. (CLH) and The Shyft Group, Inc. (SHYF).
The top 10 holdings account for about 32.81% of total assets under management.
Performance and Risk
The ETF has gained about 0.13% so far this year and it's up approximately 0.25% in the last one year (as of 11/02/2022). In the past 52-week period, it has traded between $36.26 and $47.78.
The ETF has a beta of 1.25 and standard deviation of 33.38% for the trailing three-year period, making it a high risk choice in the space. With about 56 holdings, it effectively diversifies company-specific risk.
Alternatives
First Trust RBA American Industrial Renaissance ETF is a reasonable option for investors seeking to outperform the Industrials ETFs segment of the market. However, there are other ETFs in the space which investors could consider.
Vanguard Industrials ETF (VIS) tracks MSCI US Investable Market Industrials 25/50 Index and the Industrial Select Sector SPDR ETF (XLI) tracks Industrial Select Sector Index. Vanguard Industrials ETF has $3.51 billion in assets, Industrial Select Sector SPDR ETF has $12.82 billion. VIS has an expense ratio of 0.10% and XLI charges 0.10%.
Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Industrials ETFs.
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.
Get it free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
First Trust RBA American Industrial Renaissance ETF (AIRR): ETF Research Reports
Clean Harbors, Inc. (CLH): Free Stock Analysis Report
Vanguard Industrials ETF (VIS): ETF Research Reports
Industrial Select Sector SPDR ETF (XLI): ETF Research Reports
Arcosa, Inc. (ACA): Free Stock Analysis Report
The Shyft Group, Inc. (SHYF): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Taking into account individual holdings, Arcosa, Inc. (ACA) accounts for about 3.67% of the fund's total assets, followed by Clean Harbors, Inc. (CLH) and The Shyft Group, Inc. (SHYF). Arcosa, Inc. (ACA): Free Stock Analysis Report AIRR, before fees and expenses, seeks to match the performance of the Richard Bernstein Advisors American Industrial Renaissance Index. | Taking into account individual holdings, Arcosa, Inc. (ACA) accounts for about 3.67% of the fund's total assets, followed by Clean Harbors, Inc. (CLH) and The Shyft Group, Inc. (SHYF). Arcosa, Inc. (ACA): Free Stock Analysis Report Making its debut on 03/10/2014, smart beta exchange traded fund First Trust RBA American Industrial Renaissance ETF (AIRR) provides investors broad exposure to the Industrials ETFs category of the market. | Taking into account individual holdings, Arcosa, Inc. (ACA) accounts for about 3.67% of the fund's total assets, followed by Clean Harbors, Inc. (CLH) and The Shyft Group, Inc. (SHYF). Arcosa, Inc. (ACA): Free Stock Analysis Report Making its debut on 03/10/2014, smart beta exchange traded fund First Trust RBA American Industrial Renaissance ETF (AIRR) provides investors broad exposure to the Industrials ETFs category of the market. | Taking into account individual holdings, Arcosa, Inc. (ACA) accounts for about 3.67% of the fund's total assets, followed by Clean Harbors, Inc. (CLH) and The Shyft Group, Inc. (SHYF). Arcosa, Inc. (ACA): Free Stock Analysis Report Making its debut on 03/10/2014, smart beta exchange traded fund First Trust RBA American Industrial Renaissance ETF (AIRR) provides investors broad exposure to the Industrials ETFs category of the market. |
35315.0 | 2022-10-31 00:00:00 UTC | Top Stock Picks for Week of October 31, 2022 | ACA | https://www.nasdaq.com/articles/top-stock-picks-for-week-of-october-31-2022 | nan | nan | Arcosa Inc. ACA is a manufacturer of infrastructure-related products and services which serves construction, energy and transportation markets. This company has seen the Zacks Consensus Estimate for its current year earnings increasing over the last 60 days. This is a sign of improving analyst sentiment and a positive earnings outlook trend. Arcosa is performing better than its sector in the calendar year. A solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a stock. ACA is quite a good fit in this regard, gaining double digits over this period. Moreover, ACA is currently trading at 82.6% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.
Murphy USA Inc. MUSA is a leading independent retailer of motor fuel and convenience merchandise in the United States.Murphy USA shares have handily outperformed the Zacks Oil Refining & Marketing industry over the past year and looks well positioned for further price appreciation. A low-cost, high-volume fuel seller, Murphy USA's stations are located near Walmart supercenters. This enables the company to attract significantly more transactions than its peers. The company's access to pipelines and product distribution terminals is another key competitive advantage, helping to keep costs down in the fiercely competitive retail space. Discount pricing and last year’s QuickChek acquisition are other positives in the Murphy USA story while a new $1 billion share buyback authorization underscores its sound financial position. Consequently, Murphy USA is expected to offer substantial upside potential from the current price levels.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arcosa Inc. ACA is a manufacturer of infrastructure-related products and services which serves construction, energy and transportation markets. ACA is quite a good fit in this regard, gaining double digits over this period. Moreover, ACA is currently trading at 82.6% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout. | Arcosa, Inc. (ACA): Free Stock Analysis Report Arcosa Inc. ACA is a manufacturer of infrastructure-related products and services which serves construction, energy and transportation markets. ACA is quite a good fit in this regard, gaining double digits over this period. | Arcosa Inc. ACA is a manufacturer of infrastructure-related products and services which serves construction, energy and transportation markets. ACA is quite a good fit in this regard, gaining double digits over this period. Moreover, ACA is currently trading at 82.6% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout. | Arcosa, Inc. (ACA): Free Stock Analysis Report Arcosa Inc. ACA is a manufacturer of infrastructure-related products and services which serves construction, energy and transportation markets. ACA is quite a good fit in this regard, gaining double digits over this period. |
35316.0 | 2022-10-28 00:00:00 UTC | Are Construction Stocks Lagging Arcosa (ACA) This Year? | ACA | https://www.nasdaq.com/articles/are-construction-stocks-lagging-arcosa-aca-this-year | nan | nan | The Construction group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Arcosa (ACA) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.
Arcosa is a member of our Construction group, which includes 101 different companies and currently sits at #15 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Arcosa is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for ACA's full-year earnings has moved 26.3% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that ACA has returned about 18.8% since the start of the calendar year. In comparison, Construction companies have returned an average of -26.3%. As we can see, Arcosa is performing better than its sector in the calendar year.
Another stock in the Construction sector, ChampionX (CHX), has outperformed the sector so far this year. The stock's year-to-date return is 39.8%.
The consensus estimate for ChampionX's current year EPS has increased 1.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Arcosa belongs to the Building Products - Miscellaneous industry, which includes 28 individual stocks and currently sits at #168 in the Zacks Industry Rank. This group has lost an average of 26.4% so far this year, so ACA is performing better in this area.
On the other hand, ChampionX belongs to the Engineering - R and D Services industry. This 20-stock industry is currently ranked #195. The industry has moved +1.5% year to date.
Arcosa and ChampionX could continue their solid performance, so investors interested in Construction stocks should continue to pay close attention to these stocks.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arcosa (ACA) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Within the past quarter, the Zacks Consensus Estimate for ACA's full-year earnings has moved 26.3% higher. Our latest available data shows that ACA has returned about 18.8% since the start of the calendar year. | Arcosa, Inc. (ACA): Free Stock Analysis Report Arcosa (ACA) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Within the past quarter, the Zacks Consensus Estimate for ACA's full-year earnings has moved 26.3% higher. | Arcosa (ACA) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Within the past quarter, the Zacks Consensus Estimate for ACA's full-year earnings has moved 26.3% higher. Our latest available data shows that ACA has returned about 18.8% since the start of the calendar year. | Arcosa (ACA) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Within the past quarter, the Zacks Consensus Estimate for ACA's full-year earnings has moved 26.3% higher. Our latest available data shows that ACA has returned about 18.8% since the start of the calendar year. |
35317.0 | 2022-10-26 00:00:00 UTC | What Makes Arcosa (ACA) a Good Fit for "Trend Investing" | ACA | https://www.nasdaq.com/articles/what-makes-arcosa-aca-a-good-fit-for-trend-investing | nan | nan | While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy.
The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive.
Our "Recent Price Strength" screen, which is created on a unique short-term trading strategy, could be pretty useful in this regard. This predefined screen makes it really easy to shortlist the stocks that have enough fundamental strength to maintain their recent uptrend. Also, the screen passes only the stocks that are trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness.
There are several stocks that passed through the screen and Arcosa (ACA) is one of them. Here are the key reasons why this stock is a solid choice for "trend" investing.
A solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a stock. ACA is quite a good fit in this regard, gaining 19.5% over this period.
However, it's not enough to look at the price change for around three months, as it doesn't reflect any trend reversal that might have happened in a shorter time frame. It's important for a potential winner to maintain the price trend. A price increase of 12.9% over the past four weeks ensures that the trend is still in place for the stock of this provider of infrastructure-related products and services.
Moreover, ACA is currently trading at 82.6% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.
Looking at the fundamentals, the stock currently carries a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock's near-term price movements.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock's near-term price performance.
So, the price trend in ACA may not reverse anytime soon.
In addition to ACA, there are several other stocks that currently pass through our "Recent Price Strength" screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.
This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.
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Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | There are several stocks that passed through the screen and Arcosa (ACA) is one of them. ACA is quite a good fit in this regard, gaining 19.5% over this period. Moreover, ACA is currently trading at 82.6% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout. | There are several stocks that passed through the screen and Arcosa (ACA) is one of them. ACA is quite a good fit in this regard, gaining 19.5% over this period. Moreover, ACA is currently trading at 82.6% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout. | There are several stocks that passed through the screen and Arcosa (ACA) is one of them. ACA is quite a good fit in this regard, gaining 19.5% over this period. Moreover, ACA is currently trading at 82.6% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout. | In addition to ACA, there are several other stocks that currently pass through our "Recent Price Strength" screen. There are several stocks that passed through the screen and Arcosa (ACA) is one of them. ACA is quite a good fit in this regard, gaining 19.5% over this period. |
35318.0 | 2022-10-21 00:00:00 UTC | New Strong Buy Stocks for October 21st | ACA | https://www.nasdaq.com/articles/new-strong-buy-stocks-for-october-21st | nan | nan | Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:
Arcosa ACA: This company which is a manufacturer of infrastructure-related products and services which serves construction, energy and transportation markets, has seen the Zacks Consensus Estimate for its current year earnings increasing 11.1% over the last 60 days.
Arcosa, Inc. Price and Consensus
Arcosa, Inc. price-consensus-chart | Arcosa, Inc. Quote
Movado Group MOV: This company which is one of the world's premier watchmakers that designs, manufactures and distributes watches, has seen the Zacks Consensus Estimate for its current year earnings increasing 3.7% over the last 60 day.
Movado Group Inc. Price and Consensus
Movado Group Inc. price-consensus-chart | Movado Group Inc. Quote
Ryerson RYI: This services company that purchases, processes, and distributes various forms of stainless steel, aluminium, carbon, alloy steel, nickel, and red metals, has seen the Zacks Consensus Estimate for its current year earnings increasing 3.2% over the last 60 days.
Ryerson Holding Corporation Price and Consensus
Ryerson Holding Corporation price-consensus-chart | Ryerson Holding Corporation Quote
Mercantile Bank MBWM: This company which serves businesses and consumers with a full range of mortgage, lending, deposit and checking products and services in a friendly, hometown banking environment, has seen the Zacks Consensus Estimate for its current year earnings increasing 3.1% over the last 60 days.
Mercantile Bank Corporation Price and Consensus
Mercantile Bank Corporation price-consensus-chart | Mercantile Bank Corporation Quote
RCI Hospitality RICK: This company which owns and/or operates adult nightclubs that offer live adult entertainment, restaurant, and bar services, has seen the Zacks Consensus Estimate for its current year earnings increasing 2.3% over the last 60 days.
RCI Hospitality Holdings, Inc. Price and Consensus
RCI Hospitality Holdings, Inc. price-consensus-chart | RCI Hospitality Holdings, Inc. Quote
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: Arcosa ACA: This company which is a manufacturer of infrastructure-related products and services which serves construction, energy and transportation markets, has seen the Zacks Consensus Estimate for its current year earnings increasing 11.1% over the last 60 days. Arcosa, Inc. (ACA): Free Stock Analysis Report Ryerson Holding Corporation Price and Consensus Ryerson Holding Corporation price-consensus-chart | Ryerson Holding Corporation Quote Mercantile Bank MBWM: This company which serves businesses and consumers with a full range of mortgage, lending, deposit and checking products and services in a friendly, hometown banking environment, has seen the Zacks Consensus Estimate for its current year earnings increasing 3.1% over the last 60 days. | Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: Arcosa ACA: This company which is a manufacturer of infrastructure-related products and services which serves construction, energy and transportation markets, has seen the Zacks Consensus Estimate for its current year earnings increasing 11.1% over the last 60 days. Arcosa, Inc. (ACA): Free Stock Analysis Report Movado Group Inc. Price and Consensus Movado Group Inc. price-consensus-chart | Movado Group Inc. Quote Ryerson RYI: This services company that purchases, processes, and distributes various forms of stainless steel, aluminium, carbon, alloy steel, nickel, and red metals, has seen the Zacks Consensus Estimate for its current year earnings increasing 3.2% over the last 60 days. | Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: Arcosa ACA: This company which is a manufacturer of infrastructure-related products and services which serves construction, energy and transportation markets, has seen the Zacks Consensus Estimate for its current year earnings increasing 11.1% over the last 60 days. Arcosa, Inc. (ACA): Free Stock Analysis Report Movado Group Inc. Price and Consensus Movado Group Inc. price-consensus-chart | Movado Group Inc. Quote Ryerson RYI: This services company that purchases, processes, and distributes various forms of stainless steel, aluminium, carbon, alloy steel, nickel, and red metals, has seen the Zacks Consensus Estimate for its current year earnings increasing 3.2% over the last 60 days. | Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: Arcosa ACA: This company which is a manufacturer of infrastructure-related products and services which serves construction, energy and transportation markets, has seen the Zacks Consensus Estimate for its current year earnings increasing 11.1% over the last 60 days. Arcosa, Inc. (ACA): Free Stock Analysis Report >>Send me my free report on the top 5 EV stocks |
35319.0 | 2022-10-20 00:00:00 UTC | Armstrong World (AWI) Hikes Dividend, Boosts Investors' Value | ACA | https://www.nasdaq.com/articles/armstrong-world-awi-hikes-dividend-boosts-investors-value | nan | nan | Armstrong World Industries, Inc. AWI announced a hike of 10% in its quarterly cash dividend.
This leading global producer of ceiling systems raised the quarterly dividend payout to 25.4 cents per share from 23.1 cents. The amount will be paid on Nov 17, 2022, to shareholders of record as of Nov 3. Based on the closing price of $79.37 per share on Oct 19, 2022, the stock has a dividend yield of 1.12%.
This move highlights the company’s stable financial position and its commitment to reward shareholders regularly. AWI has been boosting shareholder value through regular dividend payments since December 2018. This marks the company’s 4th consecutive year of increasing its cash dividend.
Vic Grizzle, president and CEO of Armstrong World, stated, “Our healthy balance sheet supports a balanced pursuit of all of our capital allocation priorities and returning cash directly to shareholders remains a core priority.”
Enhancement of Shareholder Value
Armstrong World has been actively managing cash flows, returning considerable free cash to investors through share repurchases and dividends. In October 2021, the company increased its quarterly dividend to 21 cents per share, marking a 5% rise from the year-ago period’s levels.
Investors always prefer a return-generating stock. A high-dividend-yielding one is muchly coveted. It goes without saying that stockholders are always looking for companies with a track record of consistent and incremental dividend payments.
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Armstrong World’s shares have outperformed the Zacks Building Products - Miscellaneous industry in a year. Earnings estimates for 2022 reflect 17.9% year-over-year growth. For the third quarter, earnings are pegged at $1.49 per share, suggesting growth of 27.4% from the year-ago quarter’s figure of $1.17. The consensus estimate for net sales is pegged at $330.91 million, indicating a 13.3% increase from the prior-year quarter’s figure.
Five-Year Growth Targets Bode Well
In March, Armstrong World announced five-year compounded annual growth targets. In the long run, it expects revenue growth of 10-13%. Adjusted EBITDA is anticipated to rise 12-15%. Adjusted earnings per share (EPS) is projected in the range of 15-20%. Adjusted free cash flow is likely to be in the 15-20% range.
AWI has been benefiting from investment in new products and inorganic moves. Also, the company is focused on its digitization initiative. The company launched 35 products in 2020, reflecting a 50% increase from its normal pace of activity. The company stated that other innovative products are in the pipeline that are likely to be added to the 24/7 Defend family in the future.
Armstrong World remains focused on digitalization initiatives and new technology enhancement. The company is continuously investing in Healthy Spaces and digital initiatives and is optimistic about its contribution to growth.
Zacks Rank & Key Picks
Currently, Armstrong World carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Arcosa, Inc. ACA, currently sporting a Zacks Rank #2 (Buy), is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets.
ACA’s expected earnings growth rate for 2022 is 19.7%. The Zacks Consensus Estimate for current-year earnings has improved to $2.31 per share from $2.08 over the past 60 days.
Boise Cascade Company BCC, presently sporting a Zacks Rank #1, makes wood products and distributes building materials in the United States as well as Canada. Boise Cascade’s Building Materials Distribution and Wood Products segments are gaining strength from strong end-product demand (particularly for EWP) as well as higher commodity product prices. It has also been increasing commodity offerings that will instill growth in the existing markets, underserved markets and across its entire national footprint.
Importantly, Boise Cascade has seen a 2.1% upward estimate revision for 2022 earnings over the past 30 days. BCC has an expected earnings growth rate of 14% for 2022.
UFP Industries, Inc. UFPI, currently sporting a Zacks Rank #1, has been gaining from its diversity of markets, higher organic unit sales, solid contributions from buyouts, new product innovation and an improved pricing model. UFP Industries' industrial and construction segments are experiencing favorable growth trends and profitability, given normalized retail demand.
UFPI has seen an upward estimate revision of 0.2% and 0.4% for 2022 and 2023 earnings, respectively, over the past 60 days. This depicts analysts’ optimism over the company’s prospects. UFP Industries’ 2022 earnings are expected to grow 23.2%.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock And 4 Runners Up
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UFP Industries, Inc. (UFPI): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arcosa, Inc. ACA, currently sporting a Zacks Rank #2 (Buy), is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 19.7%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Arcosa, Inc. ACA, currently sporting a Zacks Rank #2 (Buy), is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 19.7%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Arcosa, Inc. ACA, currently sporting a Zacks Rank #2 (Buy), is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 19.7%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Arcosa, Inc. ACA, currently sporting a Zacks Rank #2 (Buy), is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 19.7%. Arcosa, Inc. (ACA): Free Stock Analysis Report |
35320.0 | 2022-10-19 00:00:00 UTC | AECOM's (ACM) JV Wins Water Purification Contract in CA | ACA | https://www.nasdaq.com/articles/aecoms-acm-jv-wins-water-purification-contract-in-ca | nan | nan | AECOM ACM recently announced that its joint venture or JV company won a deal to support the East County Advanced Water Purification Program in San Diego, CA.
Per this deal, the Joint Powers Authority has extended the services for the program. The scope of the work includes final design, construction management, startup and commissioning for the new water recycling facility, biosolids processing, an advanced water purification facility, and conveyance infrastructure, including pipelines and pumping stations.
Since 2020, the AECOM’s JV team has been providing preliminary engineering, permitting, and cost-estimating services. The work for the program is scheduled to be completed in 2026 and is expected to generate up to 11.5 million gallons of purified water per day. This will diversify San Diego’s water supply, reduce dependence on imported water and meet approximately 30% of the current drinking water supply for East San Diego County residents and businesses.
Beverley Stinson, chief executive of AECOM’s global Water business, stated, “The East County Advanced Water Purification Program is the result of many years of strategic planning, and we’re thrilled to have celebrated its recent groundbreaking along with the project’s partners and stakeholders.”
Project Execution Strengthen Profitability
AECOM is a leading solutions provider supporting professional, technical and management solutions for diverse industries across end markets like transportation, facilities, government and environmental, energy and water businesses. The major part of the U.S. government’s broad infrastructural plan is focused on transit and water markets, wherein AECOM enjoys a dominant position.
On Oct 3, the company and other firms like KBR Inc. KBR received a contract to deliver a major work package for the Melbourne Airport Rail project.
AECOM is witnessing robust prospects in all its segments. Contracted backlog, one of the best leading indicators for future growth, increased by 17%. The total backlog increased from $39.69 billion reported in the prior-year quarter (including 10% growth in the design business) to $41.1 billion at the fiscal third-quarter end.
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Shares of the company have outperformed the Zacks Engineering - R and D Services industry in the past three months. This leading professional, technical and management solutions provider is witnessing a robust pipeline of pursuits across the business. It benefits from solid infrastructure spending in the U.K., Canada, Hong Kong and Australia.
Zacks Rank & Key Picks
AECOM currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets.
ACA’s expected earnings growth rate for 2022 is 19.7%. The Zacks Consensus Estimate for current-year earnings has improved to $2.31 per share from $2.08 over the past 60 days.
Dycom Industries, Inc. DY is benefiting from the higher demand for network bandwidth and mobile broadband, extended geography, proficient program management and network planning services. Dycom expects considerable opportunities across a broad array of customers.
Dycom, which currently sports a Zacks Rank #1, has expected earnings growth of 142.1% for fiscal 2023. The Zacks Consensus Estimate for DY’s 2022 earnings rose to $3.68 per share from $3.28 in the past 60 days.
About KBR
KBR, which currently carries a Zacks Rank #3, has been gaining from broad-based growth across its business segments, courtesy of its high-end and differentiated government business work, strong margin performance, and technology and consulting services.
KBR’s expected earnings growth rate for 2022 is 8.7%. The Zacks Consensus Estimate for current-year earnings has improved to $2.63 per share from $2.62 over the past 30 days.
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Arcosa, Inc. (ACA): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 19.7%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 19.7%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 19.7%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 19.7%. Arcosa, Inc. (ACA): Free Stock Analysis Report |
35321.0 | 2022-10-18 00:00:00 UTC | KBR Inks Deal With GS Caltex for Plastics Recycling Technology | ACA | https://www.nasdaq.com/articles/kbr-inks-deal-with-gs-caltex-for-plastics-recycling-technology | nan | nan | KBR, Inc. KBR has received a contract to support GS Caltex in integrating plastics circularity in its value chain.
Shares of KBR gained 2.8% in the trading session on Oct 17 and 1.5% in the after-hours trading session on the same day.
Per the contract, KBR will provide its plastics recycling technology in alliance with Mura. This will help GS Caltex with its planned plastics circularity project in South Korea, thereby helping it meet circularity targets.
Meanwhile, KBR has been the leader in process technology development, commercialization and plant design solutions for more than 50 years. Notably, KBR and Mura Technology have entered a partnership under which the former became the latter’s exclusive licensing and delivery partner. KBR and Mura have been awarded various license awards and feasibility studies related to plastics recycling.
KBR’s Effort for More Green Solutions a Boon
The determination to lower emissions, product diversification, energy efficiency and more sustainable technologies and solutions have been driving KBR’s performance. The demand for the company’s technologies across ammonia for food production, olefins for non-single-use plastics, refining for product diversification and more green solutions to meet tighter environmental standards has been strong.
A strategic shift to IP-enabled maintenance is also gaining traction, and KBR continues to see increasing activity across the advisory portfolio, particularly in energy transition.
Backed by favorable market tailwinds, good booking momentum, a strong first-half 2022 and more than 90% work under contract, KBR has provided strong 2022 guidance. For 2022, the company expects total revenues in the range of $6.4-$6.8 billion and an adjusted EBITDA margin of 10%.
The company also expects an effective tax rate between 24% and 25% and adjusted earnings per share in the band of $2.53-$2.65. It expects adjusted operating cash flow in the range of $360-$400 million. In 2021, it generated total revenues of $7.34 billion, an adjusted EBITDA margin of 8.5% and adjusted earnings of $2.42 per share. It also had an adjusted operating cash flow of $319 million.
Zacks Rank & Key Picks
KBR currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets.
ACA’s expected earnings growth rate for 2022 is 19.7%. The Zacks Consensus Estimate for current-year earnings has improved to $2.31 per share from $2.08 over the past 30 days.
United Rentals, Inc. URI, presently sporting a Zacks Rank #2 (Buy), has been benefiting from a broad-based recovery of activity across its end markets served. Higher margins from rental revenues and used equipment sales are added benefits.
The Zacks Consensus Estimate for URI’s 2022 earnings rose to $31.89 per share from $31.73 in the past seven days. The estimated figure suggests 44.6% year-over-year growth.
Armstrong World Industries, Inc. AWI, currently carrying a Zacks Rank #2, is gaining from the increased focus on new products and a systematic inorganic strategy to enhance its portfolio.
AWI’s expected earnings growth rate for 2022 is 18.1%. The Zacks Consensus Estimate for current-year earnings has increased to $5.15 from $5.13 per share over the past 60 days.
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KBR, Inc. (KBR): Free Stock Analysis Report
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United Rentals, Inc. (URI): Free Stock Analysis Report
Arcosa, Inc. (ACA): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 19.7%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 19.7%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 19.7%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 19.7%. Arcosa, Inc. (ACA): Free Stock Analysis Report |
35322.0 | 2022-10-18 00:00:00 UTC | 4 Top Stocks to Buy From the Promising Building Products Industry | ACA | https://www.nasdaq.com/articles/4-top-stocks-to-buy-from-the-promising-building-products-industry | nan | nan | Higher government spending for infrastructural enhancement has been aiding the companies under the Zacks Building Products - Miscellaneous industry. Although the current U.S. housing market slowdown, continued supply-chain bottlenecks, investments in new products and higher raw material costs may keep margins under pressure, companies like United Rentals, Inc. URI, Advanced Drainage Systems, Inc. WMS, Armstrong World Industries, Inc. AWI and Arcosa, Inc. ACA are set to benefit from operational excellence, geographic and product diversification strategies, accretive buyouts and higher infrastructural spending.
Industry Description
The Zacks Building Products - Miscellaneous industry primarily comprises manufacturers, designers and distributors of home improvement and building products like ceiling systems, doors, and windows as well as flooring and metal products. Some industry players provide solutions to rehabilitate the aging infrastructure, primarily pipelines in wastewater, water, energy, mining and refining industries. The companies also manufacture expansion joints and structural bearings, ventilation products, ground-mounted solar racking and commercial greenhouses as well as mail storage (solutions including mailboxes along with package delivery products). Companies in this industrial cohort also rent out equipment to a diverse customer base that includes construction and industrial companies, manufacturers, utilities, municipalities, homeowners as well as government entities.
3 Trends Shaping the Future of the Building Products Industry
U.S. Administration’s Infrastructural Spending: The industry players are expected to benefit from strong global trends in infrastructure modernization, energy transition, national security, and a potential super-cycle in global supply-chain investments. The U.S. administration’s endeavor to rebuild the nation’s deteriorating roads and bridges and fund new climate-resilient and broadband initiatives is expected to aid the companies.
Operational Excellence, Product Innovation & Acquisitions: The industry participants have been carrying out strong cost-saving initiatives like business consolidation, system implementations, plant/branch closures, improvement in the global supply chain and headcount reductions to boost profitability. Industry participants have also been strategically investing in new products, sales and support services, digitally enabled solutions as well as advanced manufacturing capabilities to boost revenues. The companies are also following a systematic acquisition strategy to supplement organic growth, and expand access to additional markets as well as products.
Supply Chain & Inflationary Woes: Inflationary headwinds with respect to transportation costs, material costs and energy costs owing to supply-chain disruptions have been a pressing concern. Also, rising labor costs are compressing margins. These are dampening the companies’ operating performance. Rising costs related to steel, asphalt, resin and other input materials are compressing margins. Although the companies have been working to recover higher costs through various price increases, they expect this ongoing volatility in material and transportation costs to persist in the near term. Meanwhile, the companies have been witnessing short-term project delays due to material and labor shortages that are impacting upstream building activity. This may result in a lower backlog in the near term.
Apart from higher raw material costs, the companies bear expenses related to product launches. If companies are unable to offset these costs through price increases or supply chain initiatives, their profits may be affected.
Also, as the industry players’ business prospects are highly correlated with U.S. housing market conditions and repair and remodeling activity, the current slowdown in the market may prove detrimental.
Zacks Industry Rank Indicates Bright Prospects
The Zacks Building Products – Miscellaneous industry is a 27-stock group within the broader Zacks Construction sector. The industry currently carries a Zacks Industry Rank #65, which places it in the top 26% of more than 250 Zacks industries.
The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates solid near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
The industry’s positioning in the top 50% of the Zacks-ranked industries is a result of positive earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are gradually gaining confidence in this group’s earnings growth potential. Since August 2022, the industry’s earnings estimates for 2022 and 2023 have been revised 3.6% and 4.5% upward to $3.73 per share and $3.96 per share, respectively.
Before we present a few stocks that you may want to consider for your portfolio, let’s take a look at the industry’s recent stock-market performance and valuation picture.
Industry Lags S&P 500 & Sector
The Zacks Building Products – Miscellaneous industry has underperformed the Zacks S&P 500 composite and the broader Zacks Construction sector over the past year.
Over this period, the industry has lost 27.1% compared with the S&P 500’s decline of 21.8% and the broader sector’s 24.9% decrease.
One-Year Price Performance
Industry's Current Valuation
The Zacks Building Products – Miscellaneous industry has underperformed the Zacks S&P 500 composite and the broader Zacks Construction sector over the past year.
Over this period, the industry has lost 27.1% compared with the S&P 500’s decline of 21.8% and the broader sector’s 24.9% decrease.
One-Year Price Performance
4 Building Product Stocks to Buy Now
We have selected four stocks from the Zacks universe of building products that currently carry a Zacks Rank #1 (Strong Buy) or 2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Arcosa: This Dallas, TX-based company provides infrastructure-related products and solutions. The company remains focused on its long-term vision to lessen the complexity of Arcosa’s overall portfolio and shift its business mix toward less cyclical, higher-margin growth opportunities that leverage core strengths and drive long-term shareholder value creation. Recently, it has completed the previously announced sale of its storage tanks business and aims to invest the proceeds into its key growth businesses as well as to repay outstanding borrowings under its revolving credit facility. Also, ACA’s inorganic drive to expand its portfolio, improved efficiencies in utility structures business, coupled with solid execution in cyclical businesses, should drive growth.
Arcosa, a Zacks Rank #1 stock, has gained 13.2% over the past year. ACA has seen an upward estimate revision of 11.1% and 3.9% for 2022 and 2023 earnings over the past 60 days to $2.31 per share and $2.64 per share, respectively.
Price and Consensus: ACA
United Rentals: Headquartered in Stamford, CT, United Rentals is the largest equipment rental company in the world. This company has been gaining from better fleet productivity on broad-based rental demand in construction and industrial verticals. It remains optimistic for 2022 and 2023 courtesy of positive customer sentiments and used equipment demand as well as consistent share growth opportunities in certain non-residential verticals, including power, healthcare, distribution and technology.
URI, a Zacks Rank #2 stock, has dropped 18.6% over the past year. That said, URI has seen an upward estimate revision of 0.5% for 2022 earnings and 0.4% for 2023 earnings over the past seven days to $31.89 per share and $35.31 per share. The company’s earnings for 2022 and 2023 are expected to increase 44.6% and 10.7%, respectively.
Price and Consensus: URI
Armstrong World Industries: Headquartered in Lancaster, PA, Armstrong World is a leading global producer of ceiling systems for use primarily in the construction and renovation of commercial, institutional and residential buildings. The company has been benefiting from an increased focus on new products and a systematic inorganic strategy to enhance its portfolio. Benefits from the acquisitions of Turf, Moz and Arktura have been aiding the company. Moreover, the company has also been focused on digitalization initiatives and enhancement of new technology.
AWI, a Zacks Rank #2 stock, has dropped 17.3% over the past year. That said, AWI has seen an upward estimate revision of 0.4% for 2022 earnings and 2.8% for 2023 earnings over the past 60 days to $5.15 per share and $5.82 per share. The company’s earnings for 2022 and 2023 are expected to increase 18.1% and 12.9%, respectively.
Price and Consensus: AWI
Advanced Drainage Systems: Headquartered in Hilliard, OH, this company provides innovative water management solutions in stormwater and on-site septic wastewater industries. Despite a challenging operating environment, the company has been gaining from strong volume growth in Allied Products, Infiltrator and the residential end market. The material conversion strategy, complete water management solutions and focus on key sales programs have been driving growth. It has been experiencing higher demand in non-residential, infrastructure and agriculture end markets.
WMS, also a Zacks Rank #2 stock, has climbed 13.4% over the past year. WMS has seen an upward estimate revision of 2.2% and 2.6% for fiscal 2023 and 2024 earnings over the past 60 days to $6.39 per share and $7.01 per share, respectively.
Price and Consensus: WMS
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United Rentals, Inc. (URI): Free Stock Analysis Report
Advanced Drainage Systems, Inc. (WMS): Free Stock Analysis Report
Armstrong World Industries, Inc. (AWI): Free Stock Analysis Report
Arcosa, Inc. (ACA): Free Stock Analysis Report
To read this article on Zacks.com click here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Although the current U.S. housing market slowdown, continued supply-chain bottlenecks, investments in new products and higher raw material costs may keep margins under pressure, companies like United Rentals, Inc. URI, Advanced Drainage Systems, Inc. WMS, Armstrong World Industries, Inc. AWI and Arcosa, Inc. ACA are set to benefit from operational excellence, geographic and product diversification strategies, accretive buyouts and higher infrastructural spending. Also, ACA’s inorganic drive to expand its portfolio, improved efficiencies in utility structures business, coupled with solid execution in cyclical businesses, should drive growth. ACA has seen an upward estimate revision of 11.1% and 3.9% for 2022 and 2023 earnings over the past 60 days to $2.31 per share and $2.64 per share, respectively. | Although the current U.S. housing market slowdown, continued supply-chain bottlenecks, investments in new products and higher raw material costs may keep margins under pressure, companies like United Rentals, Inc. URI, Advanced Drainage Systems, Inc. WMS, Armstrong World Industries, Inc. AWI and Arcosa, Inc. ACA are set to benefit from operational excellence, geographic and product diversification strategies, accretive buyouts and higher infrastructural spending. Also, ACA’s inorganic drive to expand its portfolio, improved efficiencies in utility structures business, coupled with solid execution in cyclical businesses, should drive growth. ACA has seen an upward estimate revision of 11.1% and 3.9% for 2022 and 2023 earnings over the past 60 days to $2.31 per share and $2.64 per share, respectively. | Although the current U.S. housing market slowdown, continued supply-chain bottlenecks, investments in new products and higher raw material costs may keep margins under pressure, companies like United Rentals, Inc. URI, Advanced Drainage Systems, Inc. WMS, Armstrong World Industries, Inc. AWI and Arcosa, Inc. ACA are set to benefit from operational excellence, geographic and product diversification strategies, accretive buyouts and higher infrastructural spending. Also, ACA’s inorganic drive to expand its portfolio, improved efficiencies in utility structures business, coupled with solid execution in cyclical businesses, should drive growth. ACA has seen an upward estimate revision of 11.1% and 3.9% for 2022 and 2023 earnings over the past 60 days to $2.31 per share and $2.64 per share, respectively. | Although the current U.S. housing market slowdown, continued supply-chain bottlenecks, investments in new products and higher raw material costs may keep margins under pressure, companies like United Rentals, Inc. URI, Advanced Drainage Systems, Inc. WMS, Armstrong World Industries, Inc. AWI and Arcosa, Inc. ACA are set to benefit from operational excellence, geographic and product diversification strategies, accretive buyouts and higher infrastructural spending. Also, ACA’s inorganic drive to expand its portfolio, improved efficiencies in utility structures business, coupled with solid execution in cyclical businesses, should drive growth. ACA has seen an upward estimate revision of 11.1% and 3.9% for 2022 and 2023 earnings over the past 60 days to $2.31 per share and $2.64 per share, respectively. |
35323.0 | 2022-10-11 00:00:00 UTC | PGT, Inc. (PGTI) Soars to 52-Week High, Time to Cash Out? | ACA | https://www.nasdaq.com/articles/pgt-inc.-pgti-soars-to-52-week-high-time-to-cash-out | nan | nan | Have you been paying attention to shares of PGT (PGTI)? Shares have been on the move with the stock up 10% over the past month. The stock hit a new 52-week high of $23.8 in the previous session. PGT has gained 5.3% since the start of the year compared to the -29.3% move for the Zacks Construction sector and the -28.6% return for the Zacks Building Products - Miscellaneous industry.
What's Driving the Outperformance?
The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on July 26, 2022, PGT reported EPS of $0.67 versus consensus estimate of $0.45 while it beat the consensus revenue estimate by 11.42%.
For the current fiscal year, PGT is expected to post earnings of $2.01 per share on $1.5 billion in revenues. This represents a 95.15% change in EPS on a 29% change in revenues. For the next fiscal year, the company is expected to earn $1.99 per share on $1.52 billion in revenues. This represents a year-over-year change of -1.39% and 1.49%, respectively.
Valuation Metrics
PGT may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level.
On this front, we can look at the Zacks Style Scores, as these give investors a variety of ways to comb through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. The idea behind the style scores is to help investors pick the most appropriate Zacks Rank stocks based on their individual investment style.
PGT has a Value Score of B. The stock's Growth and Momentum Scores are A and C, respectively, giving the company a VGM Score of A.
In terms of its value breakdown, the stock currently trades at 11.8X current fiscal year EPS estimates, which is a premium to the peer industry average of 11.4X. On a trailing cash flow basis, the stock currently trades at 12.4X versus its peer group's average of 9.5X. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.
Zacks Rank
We also need to look at the Zacks Rank for the stock, as this supersedes any trend on the style score front. Fortunately, PGT currently has a Zacks Rank of #2 (Buy) thanks to favorable earnings estimate revisions from covering analysts.
Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if PGT fits the bill. Thus, it seems as though PGT shares could have potential in the weeks and months to come.
How Does PGTI Stack Up to the Competition?
Shares of PGTI have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? One industry peer that looks good is Arcosa, Inc. (ACA). ACA has a Zacks Rank of # 2 (Buy) and a Value Score of B, a Growth Score of A, and a Momentum Score of B.
Earnings were strong last quarter. Arcosa, Inc. beat our consensus estimate by 80.43%, and for the current fiscal year, ACA is expected to post earnings of $2.31 per share on revenue of $2.25 billion.
Shares of Arcosa, Inc. have gained 2.3% over the past month, and currently trade at a forward P/E of 26.5X and a P/CF of 12.39X.
The Building Products - Miscellaneous industry is in the top 25% of all the industries we have in our universe, so it looks like there are some nice tailwinds for PGTI and ACA, even beyond their own solid fundamental situation.
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PGT, Inc. (PGTI): Free Stock Analysis Report
Arcosa, Inc. (ACA): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arcosa, Inc. beat our consensus estimate by 80.43%, and for the current fiscal year, ACA is expected to post earnings of $2.31 per share on revenue of $2.25 billion. One industry peer that looks good is Arcosa, Inc. (ACA). ACA has a Zacks Rank of # 2 (Buy) and a Value Score of B, a Growth Score of A, and a Momentum Score of B. | One industry peer that looks good is Arcosa, Inc. (ACA). ACA has a Zacks Rank of # 2 (Buy) and a Value Score of B, a Growth Score of A, and a Momentum Score of B. Arcosa, Inc. beat our consensus estimate by 80.43%, and for the current fiscal year, ACA is expected to post earnings of $2.31 per share on revenue of $2.25 billion. | One industry peer that looks good is Arcosa, Inc. (ACA). ACA has a Zacks Rank of # 2 (Buy) and a Value Score of B, a Growth Score of A, and a Momentum Score of B. Arcosa, Inc. beat our consensus estimate by 80.43%, and for the current fiscal year, ACA is expected to post earnings of $2.31 per share on revenue of $2.25 billion. | One industry peer that looks good is Arcosa, Inc. (ACA). ACA has a Zacks Rank of # 2 (Buy) and a Value Score of B, a Growth Score of A, and a Momentum Score of B. Arcosa, Inc. beat our consensus estimate by 80.43%, and for the current fiscal year, ACA is expected to post earnings of $2.31 per share on revenue of $2.25 billion. |
35324.0 | 2022-10-11 00:00:00 UTC | Reminder - Arcosa (ACA) Goes Ex-Dividend Soon | ACA | https://www.nasdaq.com/articles/reminder-arcosa-aca-goes-ex-dividend-soon | nan | nan | Looking at the universe of stocks we cover at Dividend Channel, on 10/13/22, Arcosa Inc (Symbol: ACA) will trade ex-dividend, for its quarterly dividend of $0.05, payable on 10/31/22. As a percentage of ACA's recent stock price of $60.57, this dividend works out to approximately 0.08%.
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from ACA is likely to continue, and whether the current estimated yield of 0.33% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows | Looking at the universe of stocks we cover at Dividend Channel, on 10/13/22, Arcosa Inc (Symbol: ACA) will trade ex-dividend, for its quarterly dividend of $0.05, payable on 10/31/22. As a percentage of ACA's recent stock price of $60.57, this dividend works out to approximately 0.08%. In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from ACA is likely to continue, and whether the current estimated yield of 0.33% on annualized basis is a reasonable expectation of annual yield going forward. | Looking at the universe of stocks we cover at Dividend Channel, on 10/13/22, Arcosa Inc (Symbol: ACA) will trade ex-dividend, for its quarterly dividend of $0.05, payable on 10/31/22. As a percentage of ACA's recent stock price of $60.57, this dividend works out to approximately 0.08%. In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from ACA is likely to continue, and whether the current estimated yield of 0.33% on annualized basis is a reasonable expectation of annual yield going forward. | Looking at the universe of stocks we cover at Dividend Channel, on 10/13/22, Arcosa Inc (Symbol: ACA) will trade ex-dividend, for its quarterly dividend of $0.05, payable on 10/31/22. In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from ACA is likely to continue, and whether the current estimated yield of 0.33% on annualized basis is a reasonable expectation of annual yield going forward. As a percentage of ACA's recent stock price of $60.57, this dividend works out to approximately 0.08%. | Looking at the universe of stocks we cover at Dividend Channel, on 10/13/22, Arcosa Inc (Symbol: ACA) will trade ex-dividend, for its quarterly dividend of $0.05, payable on 10/31/22. As a percentage of ACA's recent stock price of $60.57, this dividend works out to approximately 0.08%. In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from ACA is likely to continue, and whether the current estimated yield of 0.33% on annualized basis is a reasonable expectation of annual yield going forward. |
35325.0 | 2022-10-11 00:00:00 UTC | Is Arcosa (ACA) Stock Outpacing Its Construction Peers This Year? | ACA | https://www.nasdaq.com/articles/is-arcosa-aca-stock-outpacing-its-construction-peers-this-year | nan | nan | The Construction group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Arcosa (ACA) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Construction sector should help us answer this question.
Arcosa is one of 101 individual stocks in the Construction sector. Collectively, these companies sit at #13 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Arcosa is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ACA's full-year earnings has moved 26.3% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, ACA has gained about 15.9% so far this year. At the same time, Construction stocks have lost an average of 29.3%. This means that Arcosa is outperforming the sector as a whole this year.
Another Construction stock, which has outperformed the sector so far this year, is Dycom Industries (DY). The stock has returned 4.5% year-to-date.
In Dycom Industries' case, the consensus EPS estimate for the current year increased 11.7% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Arcosa is a member of the Building Products - Miscellaneous industry, which includes 28 individual companies and currently sits at #63 in the Zacks Industry Rank. This group has lost an average of 28.6% so far this year, so ACA is performing better in this area.
Dycom Industries, however, belongs to the Building Products - Heavy Construction industry. Currently, this 12-stock industry is ranked #76. The industry has moved -21.1% so far this year.
Investors interested in the Construction sector may want to keep a close eye on Arcosa and Dycom Industries as they attempt to continue their solid performance.
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Arcosa, Inc. (ACA): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arcosa (ACA) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Over the past 90 days, the Zacks Consensus Estimate for ACA's full-year earnings has moved 26.3% higher. Based on the latest available data, ACA has gained about 15.9% so far this year. | Arcosa, Inc. (ACA): Free Stock Analysis Report Arcosa (ACA) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Over the past 90 days, the Zacks Consensus Estimate for ACA's full-year earnings has moved 26.3% higher. | Arcosa (ACA) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Over the past 90 days, the Zacks Consensus Estimate for ACA's full-year earnings has moved 26.3% higher. Based on the latest available data, ACA has gained about 15.9% so far this year. | Arcosa, Inc. (ACA): Free Stock Analysis Report Arcosa (ACA) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Over the past 90 days, the Zacks Consensus Estimate for ACA's full-year earnings has moved 26.3% higher. |
35326.0 | 2022-10-10 00:00:00 UTC | MasTec (MTZ) Buys IEA, Expands Renewable Energy Business | ACA | https://www.nasdaq.com/articles/mastec-mtz-buys-iea-expands-renewable-energy-business | nan | nan | MasTec, Inc. MTZ has completed the earlier proposed deal to acquire Infrastructure and Energy Alternatives, Inc. (IEA) in a cash-and-stock transaction.
Per the deal, IEA stockholders will get $10.50 per share in cash and 0.0483 of a MasTec share.
Buyout Synergies
IEA is a leading renewable energy and infrastructure solutions services provider. It has expertise in engineering, procurement, construction and other related services and has a diverse blue-chip customer base. It has completed more than 260 utility-scale wind and solar projects across North America and executed a range of complex public and private infrastructure construction projects.
The IEA buyout expands MasTec’s service capabilities, scale and expertise, providing critical infrastructure to support the nation's energy transition to secure and sustainable renewable sources.
Pertaining to the transaction, Jose Mas, MasTec's chief executive officer, said, “Combining IEA's renewable energy business with MasTec's electric transmission and substation capabilities gives customers a one-stop solution in the expanding renewable energy markets. Additionally, IEA's Heavy Civil, Rail and Environmental Remediation services expand MasTec's service offerings in these additional growth markets."
MTZ continues to expect revenues of approximately $9.2 billion for 2022, depicting an increase from $7.95 billion in 2021. Considering higher costs during the second half of 2022, adjusted EBITDA is expected to be $750 million for 2022, down from $931.3 million reported in 2021. Adjusted earnings are anticipated to be $3.09 per share, lower than the $5.58 per share reported in 2021.
Price Performance
Image Source: Zacks Investment Research
Shares of MasTec have declined 8.6% in the past three months compared with the Zacks Building Products - Heavy Construction industry’s 1.4% fall. Nonetheless, the company has been making the most of the country’s diligent focus on carbon neutrality. Furthermore, MTZ’s substantial presence in the telecommunications market and recent expansion into heavy infrastructure will prove conducive to its growth profile.
Zacks Rank
MasTec currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Better-Ranked Stocks in the Construction Sector
Dycom Industries, Inc. DY is benefiting from the higher demand for network bandwidth and mobile broadband, extended geography, proficient program management and network planning services. Dycom expects considerable opportunities across a broad array of customers.
Dycom’s, currently sports a Zacks Rank #1, earnings for fiscal 2023 are expected to grow 142.1%. The Zacks Consensus Estimate for DY’s 2022 earnings rose to $3.68 per share from $3.28 in the past 60 days.
Arcosa, Inc. ACA, currently carrying a Zacks Rank #2 (Buy), is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets.
ACA’s expected earnings growth rate for 2022 is 19.7%. The Zacks Consensus Estimate for current-year earnings has improved to $2.31 per share from $2.08 over the past 60 days.
United Rentals, Inc. URI, presently carrying a Zacks Rank #2, has been benefiting from a broad-based recovery of activity across its end markets served. Higher margins from rental revenues and used equipment sales are added benefits.
The Zacks Consensus Estimate for URI’s 2022 earnings rose to $31.73 per share from $31.35 in the past 60 days. The estimated figure suggests 43.8% year-over-year growth.
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Arcosa, Inc. (ACA): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arcosa, Inc. ACA, currently carrying a Zacks Rank #2 (Buy), is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 19.7%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Arcosa, Inc. ACA, currently carrying a Zacks Rank #2 (Buy), is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 19.7%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Arcosa, Inc. ACA, currently carrying a Zacks Rank #2 (Buy), is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 19.7%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Arcosa, Inc. ACA, currently carrying a Zacks Rank #2 (Buy), is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 19.7%. Arcosa, Inc. (ACA): Free Stock Analysis Report |
35327.0 | 2022-10-05 00:00:00 UTC | UFP Industries (UFPI) to Leverage Buyouts, Diverse End Markets | ACA | https://www.nasdaq.com/articles/ufp-industries-ufpi-to-leverage-buyouts-diverse-end-markets | nan | nan | UFP Industries, Inc. UFPI has been benefiting from continuous improvements in Industrial and Construction units, its diverse end markets and strategic acquisitions to broaden its footprint. These tailwinds have been helping this Grand Rapids, MI-based wood and wood-alternative products manufacturer to navigate external challenges comprising rising interest rates and historically high inflation.
Let’s take a look at the factors supporting the growth.
Persistent Growth in Construction & Industrial: During the second quarter of 2022, Construction segment sales were up 32% year over year. This improvement in the segment sales is mainly attributable to a 15% increase in selling price, a 15% rise in organic unit growth and 2% growth from the transfer of certain sales from the retail segment.
The organic unit growth was driven by a 63% increase in commercial, a 35% increase in concrete forming and a 16% rise in factory-built housing. Meanwhile, the Industrial segment continues to perform well as PalletOne has been improving its sourcing and manufacturing and is expanding geographically within the UFP footprint.
Again, the latest combination with Dempsey Forest Products provides added opportunity to create efficiencies in the supply chain. Instructional packaging or national sales team continues to gain business and drive more sales with national accounts.
Strategic Buyouts: UFP Industries has been following a systematic inorganic strategy to expand market reach, boost profitability and strengthen its product portfolio. UFPI acquired nine companies in 2021 and five in 2020. Acquisitions contributed 24% to unit sales growth in 2021.
In the first and second quarters of 2022, UFPI recorded a 7% and 1% increase, respectively, in unit sales from acquisitions. Acquisitions also contributed $12 million and $3.5 million to adjusted EBITDA and $10 million and $2.5 million to earnings, respectively, in the first and the second quarters.
Diverse End-Markets: The company, which shares its space with Arcosa, Inc. ACA, United Rentals, Inc. URI and Dycom Industries, Inc. DY in the Zacks Construction sector, serves various end markets from more than 200 locations worldwide. This diversified approach has helped the company mitigate challenges through the years, including the latest new external risks like rising interest rates and high inflation.
In the near term, the company expects continued improvement in the Industrial and Construction segments. It also expects more normalized demand in its largest segment, Retail Solutions. UFP Industries’ diversified business and end markets will likely successfully navigate various market environments and deliver impressive returns to shareholders.
A Brief Discussion on the Above-Mentioned Stocks
Arcosa is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. The company is benefiting from a strong performance in Engineered Structures and Construction Products segments as well as growth in Transportation Products. Recent acquisitions and solid construction activities have been contributing to the upside.
United Rentals has been benefiting from a broad-based recovery of activity across its end markets served. Higher margins from rental revenues and used equipment sales are added benefits.
Dycom Industries is benefiting from the higher demand for network bandwidth and mobile broadband, extended geography, proficient program management and network planning services. Dycom expects considerable opportunities across a broad array of customers.
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UFP Industries, Inc. (UFPI): Free Stock Analysis Report
United Rentals, Inc. (URI): Free Stock Analysis Report
Dycom Industries, Inc. (DY): Free Stock Analysis Report
Arcosa, Inc. (ACA): Free Stock Analysis Report
To read this article on Zacks.com click here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Diverse End-Markets: The company, which shares its space with Arcosa, Inc. ACA, United Rentals, Inc. URI and Dycom Industries, Inc. DY in the Zacks Construction sector, serves various end markets from more than 200 locations worldwide. Arcosa, Inc. (ACA): Free Stock Analysis Report These tailwinds have been helping this Grand Rapids, MI-based wood and wood-alternative products manufacturer to navigate external challenges comprising rising interest rates and historically high inflation. | Diverse End-Markets: The company, which shares its space with Arcosa, Inc. ACA, United Rentals, Inc. URI and Dycom Industries, Inc. DY in the Zacks Construction sector, serves various end markets from more than 200 locations worldwide. Arcosa, Inc. (ACA): Free Stock Analysis Report UFP Industries, Inc. UFPI has been benefiting from continuous improvements in Industrial and Construction units, its diverse end markets and strategic acquisitions to broaden its footprint. | Diverse End-Markets: The company, which shares its space with Arcosa, Inc. ACA, United Rentals, Inc. URI and Dycom Industries, Inc. DY in the Zacks Construction sector, serves various end markets from more than 200 locations worldwide. Arcosa, Inc. (ACA): Free Stock Analysis Report UFP Industries, Inc. UFPI has been benefiting from continuous improvements in Industrial and Construction units, its diverse end markets and strategic acquisitions to broaden its footprint. | Diverse End-Markets: The company, which shares its space with Arcosa, Inc. ACA, United Rentals, Inc. URI and Dycom Industries, Inc. DY in the Zacks Construction sector, serves various end markets from more than 200 locations worldwide. Arcosa, Inc. (ACA): Free Stock Analysis Report This improvement in the segment sales is mainly attributable to a 15% increase in selling price, a 15% rise in organic unit growth and 2% growth from the transfer of certain sales from the retail segment. |
35328.0 | 2022-10-05 00:00:00 UTC | Here's Why "Trend" Investors Would Love Betting on Arcosa (ACA) | ACA | https://www.nasdaq.com/articles/heres-why-trend-investors-would-love-betting-on-arcosa-aca | nan | nan | Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it.
Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, etc. -- that could keep the momentum in the stock going.
Our "Recent Price Strength" screen, which is created on a unique short-term trading strategy, could be pretty useful in this regard. This predefined screen makes it really easy to shortlist the stocks that have enough fundamental strength to maintain their recent uptrend. Also, the screen passes only the stocks that are trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness.
There are several stocks that passed through the screen and Arcosa (ACA) is one of them. Here are the key reasons why this stock is a solid choice for "trend" investing.
A solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a stock. ACA is quite a good fit in this regard, gaining 41.1% over this period.
However, it's not enough to look at the price change for around three months, as it doesn't reflect any trend reversal that might have happened in a shorter time frame. It's important for a potential winner to maintain the price trend. A price increase of 11% over the past four weeks ensures that the trend is still in place for the stock of this provider of infrastructure-related products and services.
Moreover, ACA is currently trading at 89.8% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.
Looking at the fundamentals, the stock currently carries a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock's near-term price movements.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock's near-term price performance.
So, the price trend in ACA may not reverse anytime soon.
In addition to ACA, there are several other stocks that currently pass through our "Recent Price Strength" screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.
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Arcosa, Inc. (ACA): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | There are several stocks that passed through the screen and Arcosa (ACA) is one of them. ACA is quite a good fit in this regard, gaining 41.1% over this period. Moreover, ACA is currently trading at 89.8% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout. | There are several stocks that passed through the screen and Arcosa (ACA) is one of them. ACA is quite a good fit in this regard, gaining 41.1% over this period. Moreover, ACA is currently trading at 89.8% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout. | There are several stocks that passed through the screen and Arcosa (ACA) is one of them. ACA is quite a good fit in this regard, gaining 41.1% over this period. Moreover, ACA is currently trading at 89.8% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout. | So, the price trend in ACA may not reverse anytime soon. There are several stocks that passed through the screen and Arcosa (ACA) is one of them. ACA is quite a good fit in this regard, gaining 41.1% over this period. |
35329.0 | 2022-10-03 00:00:00 UTC | Here's Why Arcosa (NYSE:ACA) Can Manage Its Debt Responsibly | ACA | https://www.nasdaq.com/articles/heres-why-arcosa-nyse%3Aaca-can-manage-its-debt-responsibly | nan | nan | The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says 'The biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital.' So it might be obvious that you need to consider debt, when you think about how risky any given stock is, because too much debt can sink a company. We can see that Arcosa, Inc. (NYSE:ACA) does use debt in its business. But is this debt a concern to shareholders?
What Risk Does Debt Bring?
Debt assists a business until the business has trouble paying it off, either with new capital or with free cash flow. In the worst case scenario, a company can go bankrupt if it cannot pay its creditors. However, a more common (but still painful) scenario is that it has to raise new equity capital at a low price, thus permanently diluting shareholders. Having said that, the most common situation is where a company manages its debt reasonably well - and to its own advantage. The first step when considering a company's debt levels is to consider its cash and debt together.
How Much Debt Does Arcosa Carry?
As you can see below, at the end of June 2022, Arcosa had US$691.7m of debt, up from US$647.0m a year ago. Click the image for more detail. However, it does have US$77.0m in cash offsetting this, leading to net debt of about US$614.7m.
NYSE:ACA Debt to Equity History October 3rd 2022
A Look At Arcosa's Liabilities
We can see from the most recent balance sheet that Arcosa had liabilities of US$416.4m falling due within a year, and liabilities of US$924.9m due beyond that. Offsetting these obligations, it had cash of US$77.0m as well as receivables valued at US$350.1m due within 12 months. So its liabilities outweigh the sum of its cash and (near-term) receivables by US$914.2m.
While this might seem like a lot, it is not so bad since Arcosa has a market capitalization of US$2.77b, and so it could probably strengthen its balance sheet by raising capital if it needed to. However, it is still worthwhile taking a close look at its ability to pay off debt.
We measure a company's debt load relative to its earnings power by looking at its net debt divided by its earnings before interest, tax, depreciation, and amortization (EBITDA) and by calculating how easily its earnings before interest and tax (EBIT) cover its interest expense (interest cover). This way, we consider both the absolute quantum of the debt, as well as the interest rates paid on it.
Arcosa has net debt worth 2.0 times EBITDA, which isn't too much, but its interest cover looks a bit on the low side, with EBIT at only 5.2 times the interest expense. In large part that's due to the company's significant depreciation and amortisation charges, which arguably mean its EBITDA is a very generous measure of earnings, and its debt may be more of a burden than it first appears. One way Arcosa could vanquish its debt would be if it stops borrowing more but continues to grow EBIT at around 17%, as it did over the last year. There's no doubt that we learn most about debt from the balance sheet. But it is future earnings, more than anything, that will determine Arcosa's ability to maintain a healthy balance sheet going forward. So if you're focused on the future you can check out this free report showing analyst profit forecasts.
Finally, while the tax-man may adore accounting profits, lenders only accept cold hard cash. So we always check how much of that EBIT is translated into free cash flow. Happily for any shareholders, Arcosa actually produced more free cash flow than EBIT over the last three years. That sort of strong cash generation warms our hearts like a puppy in a bumblebee suit.
Our View
Happily, Arcosa's impressive conversion of EBIT to free cash flow implies it has the upper hand on its debt. And that's just the beginning of the good news since its EBIT growth rate is also very heartening. When we consider the range of factors above, it looks like Arcosa is pretty sensible with its use of debt. While that brings some risk, it can also enhance returns for shareholders. The balance sheet is clearly the area to focus on when you are analysing debt. However, not all investment risk resides within the balance sheet - far from it. Case in point: We've spotted 1 warning sign for Arcosa you should be aware of.
If, after all that, you're more interested in a fast growing company with a rock-solid balance sheet, then check out our list of net cash growth stocks without delay.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | We can see that Arcosa, Inc. (NYSE:ACA) does use debt in its business. NYSE:ACA Debt to Equity History October 3rd 2022 A Look At Arcosa's Liabilities We can see from the most recent balance sheet that Arcosa had liabilities of US$416.4m falling due within a year, and liabilities of US$924.9m due beyond that. The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says 'The biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital.' | We can see that Arcosa, Inc. (NYSE:ACA) does use debt in its business. NYSE:ACA Debt to Equity History October 3rd 2022 A Look At Arcosa's Liabilities We can see from the most recent balance sheet that Arcosa had liabilities of US$416.4m falling due within a year, and liabilities of US$924.9m due beyond that. However, a more common (but still painful) scenario is that it has to raise new equity capital at a low price, thus permanently diluting shareholders. | NYSE:ACA Debt to Equity History October 3rd 2022 A Look At Arcosa's Liabilities We can see from the most recent balance sheet that Arcosa had liabilities of US$416.4m falling due within a year, and liabilities of US$924.9m due beyond that. We can see that Arcosa, Inc. (NYSE:ACA) does use debt in its business. The first step when considering a company's debt levels is to consider its cash and debt together. | We can see that Arcosa, Inc. (NYSE:ACA) does use debt in its business. NYSE:ACA Debt to Equity History October 3rd 2022 A Look At Arcosa's Liabilities We can see from the most recent balance sheet that Arcosa had liabilities of US$416.4m falling due within a year, and liabilities of US$924.9m due beyond that. We measure a company's debt load relative to its earnings power by looking at its net debt divided by its earnings before interest, tax, depreciation, and amortization (EBITDA) and by calculating how easily its earnings before interest and tax (EBIT) cover its interest expense (interest cover). |
35330.0 | 2022-09-28 00:00:00 UTC | PGT Innovations (PGTI) Up 18.6% in Past 3 Months: Here's Why | ACA | https://www.nasdaq.com/articles/pgt-innovations-pgti-up-18.6-in-past-3-months%3A-heres-why | nan | nan | PGT Innovations, Inc. PGTI has been rallying of late. The stock has rallied 18.5% in the past three months versus the Zacks Building Products - Miscellaneous industry, the Zacks Construction and S&P 500 index’s 2.7%, 3.8% and 4.5% decline, respectively.
The company has been benefiting from solid demand for Western Windows Systems brand products, accretive acquisitions and pricing actions. Also, intense focus on operational excellence and strong repair and remodeling activities bode well.
Analysts are optimistic about PGT Innovations’ near-term prospects, as is evident from the recent estimate revision trend. Earnings estimates for the third quarter and 2022 have risen in the past two months, suggesting bullish sentiments surrounding the stock. The Zacks Consensus Estimate for earnings has increased more than 8% for both the said periods. This reflects 103.9% and 95.2% year-over-year growth for the third quarter and 2022, respectively.
Image Source: Zacks Investment Research
The company has surpassed the consensus mark for the trailing four quarters with an average of 19.7%. Also, it is currently enjoying a VGM score of B. These bullish trends justify the Zacks Rank #1 (Strong Buy) stock’s retention in investors’ portfolio. You can see the complete list of today’s Zacks #1 Rank stocks here.
What Makes the Stock a Solid Pick?
Solid Quarterly Performance: PGT Innovations has been performing pretty well. In the first half, net sales were up 37.5% year over year, backed by strong growth in the Southeast and Western segments. Also, it continues to make strategic marketing investments that pay off through customer awareness during the repair and remodeling season.
Its Southeast segment's net sales were up 21.7% (fully organic) and the Western segment's net sales surged 130.9% year over year. Western segment sales growth includes benefits from the acquisition of Anlin and CRi and 40% from existing business.
The Western segment’s production builder business is likely to perform well in the future as demand for conversion to indoor/outdoor living continues to be strong. It is benefitting from the capacity expansion in the Phoenix, AZ, area and the new San Diego showroom in Southern California.
Cost Effective Moves: PGT Innovations has been working on various strategies to combat cost pressure from inflationary pressure and tight labor. It has been witnessing margin expansion on the back of pricing actions taken to offset the impacts of labor and material cost headwinds. Its gross margin improved a whopping 490 basis points improvement in the first half. Also, it maintained a high degree of focus on the supply chain to minimize disruptions, which helped it maintain a high level of operational efficiency and reduce delivery lead times. PGTI has been investing in labor talent, which helped it generate operational efficiencies across the businesses.
In first half, its adjusted earnings increased to a notable $1.09 per share versus 45 cents a year ago. Also, adjusted EBITDA rose 76% and adjusted EBITDA margins expanded 400 bps to 18%.
Upbeat Views: Given the strength in first half results and robust open-orders backlog for the second half, the company raised its 2022 guidance for major metrics. It now expects net sales of $1.450 billion to $1.525 billion versus $1.35 billion to $1.45 billion expected earlier. Adjusted EBITDA is now projected in the range of $250-$265 million compared with the prior projection of $225-$250 million. This leads to year-over-year growth of 25-31% for net sales and 48-56% from adjusted EBITDA.
In 2021, net sales were $1.16 billion and adjusted EBITDA was $169 million. Although sales projection reflects Y/Y decline due to market softness, adjusted EBITDA growth signifies solid operational moves.
Acquisitions: PGT Innovations follows a systematic inorganic strategy for expansions and diversifications. It has wrapped up various bolt-on acquisitions that contributed significantly to growth.
Its buyout of Eco Enterprises in 2021 expanded its range of product offerings in the major market of southeast Florida. Also, its Oct 25, 2021 acquisition of Anlin Windows and Doors expands its reach in the west via dealer and distributor network.
In May 2021, it acquired CRi SoCal, Inc., which sells, distributes and installs window and door products, and related design services, for homebuilders in the residential new construction market from its facility in Rancho Santa Margarita, CA.
Superior ROE: Return on equity (ROE) supports growth potential. The company’s ROE of 18.3% compares favorably with the industry’s average of 5.6%, implying that it is efficient in using shareholders’ funds.
Other Key Picks
Other top ranked stocks in the Zacks Construction sector are Arcosa, Inc. ACA, Gibraltar Industries, Inc. ROCK and Primoris Services Corporation PRIM.
Arcosa, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets.
ACA’s expected earnings growth rate for 2022 is 7.8%. The Zacks Consensus Estimate for current-year earnings has improved 13.7% over the past 30 days.
Gibraltar, currently carrying a Zacks Rank of 2 (Buy), is benefiting from its three-pillar value creation strategy, the strong housing market and solid demand for legacy and TerraSmart businesses.
ROCK’s expected earnings growth rate for 2022 is 18.7%. The Zacks Consensus Estimate for current-year earnings has remained stable over the past 60 days.
Primoris, a Zacks Rank #2 company, is a specialty contractor company operating in the United States and Canada. A robust backlog of more than $4 billion and solid contract awards in the Energy/Renewables and Utilities segments imply incredible momentum in the future despite supply-chain and permitting challenges. Utility-scale solar projects continued to drive progress in the Energy/Renewables segment.
PRIM’s earnings for 2022 are expected to grow 18.4%. The Zacks Consensus Estimate for current-year earnings has improved 4% in the past 30 days.
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Free: See Our Top Stock And 4 Runners Up
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Gibraltar Industries, Inc. (ROCK): Free Stock Analysis Report
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PGT, Inc. (PGTI): Free Stock Analysis Report
Arcosa, Inc. (ACA): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Other Key Picks Other top ranked stocks in the Zacks Construction sector are Arcosa, Inc. ACA, Gibraltar Industries, Inc. ROCK and Primoris Services Corporation PRIM. ACA’s expected earnings growth rate for 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Other Key Picks Other top ranked stocks in the Zacks Construction sector are Arcosa, Inc. ACA, Gibraltar Industries, Inc. ROCK and Primoris Services Corporation PRIM. ACA’s expected earnings growth rate for 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Other Key Picks Other top ranked stocks in the Zacks Construction sector are Arcosa, Inc. ACA, Gibraltar Industries, Inc. ROCK and Primoris Services Corporation PRIM. ACA’s expected earnings growth rate for 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Other Key Picks Other top ranked stocks in the Zacks Construction sector are Arcosa, Inc. ACA, Gibraltar Industries, Inc. ROCK and Primoris Services Corporation PRIM. ACA’s expected earnings growth rate for 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report |
35331.0 | 2022-09-27 00:00:00 UTC | Tri Pointe (TPH) Down 45% in YTD: Will it Recover in 2022? | ACA | https://www.nasdaq.com/articles/tri-pointe-tph-down-45-in-ytd%3A-will-it-recover-in-2022 | nan | nan | Tri Pointe Homes, Inc.’s TPH shares have plunged 44.5% year to date compared with the Zacks Building Products - Home Builders industry’s 38.1% decline. The overall industry has been grappling with significant inflationary pressure and project delays, thanks to persistent supply chain woes.
For the third quarter and 2022, TRI Pointe is likely to experience a 4.6% and 3.5% revenue decline year over year, respectively, due to softening demand trends. Also, its earnings are likely to fall 1.7% and 12.9% year over year in the current quarter and year, respectively.
Let’s delve deeper into the factors hurting this Zacks Rank #3 (Hold) company. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Softening Housing Demand: After benefiting from solid demand in the past several quarters, the overall housing market started witnessing soft demand. The softness mainly results from the year’s high inflation and supply chain disruption that started during the pandemic. Also, rising mortgage and interest rates, lack of adequate supply, tight labor market and affordability issues have ailed the industry.
In the second quarter, TPH’s home revenues declined slightly due to 4% low deliveries on a 4% higher average sales price. New orders declined 16% year over year to 1,356 homes. The cancellation rate of 16% was more than double the year-ago figure of 7%. Backlog at quarter end decreased 2% to 3,826 homes.
For the third quarter, it anticipates delivering 1,300-1,500 homes at an average sales price of $700,000-$715,000 versus 1,632 homes at $630,000 in the year-ago period.
Intense Inflation: High inflation is eating into every homebuilders’ margins. Although TPH has been navigating the challenges associated with supply shortages well, these headwinds are serious threats to the company’s margins.
Higher labor costs are threatening margins, as they limit homebuilders’ pricing power. Labor shortages are leading to higher wages and delays in construction, which eventually hurts the number of homes delivered. Also, land prices are increasing due to limited availability. This is somewhat exerting pressure on homebuilders’ margins, considering that home prices are moderately increasing. Also, it has been witnessing challenges related to raw material shortages and municipal delays due to supply chain woes.
Federal Government Actions: The housing industry is cyclical and affected by consumer confidence levels, prevailing economic conditions and interest rates.
Currently, the Fed's determination to curtail inflation through interest rate increases and quantitative tightening has started to show the desired effect of slowing down sales in some markets across the country. In September 2022, the Fed approved its third consecutive interest-rate rise of 0.75 percentage points and signaled additional large increases were likely at upcoming meetings as it combats inflation that remains near a 40-year high. The rate hike brings the central bank’s benchmark interest rate, the federal funds rate, to a new range of 3.0% to 3.25% — its highest level since 2008 — between 2.25% and 2.5%. Officials expect the Fed funds rate to rise to 4.4% by the end of 2022 and 4.6% by the end of 2023. Hence, it increased by 3.4% for this year and 3.8% previously.
Consequently, the highly interest-rate-sensitive housing sector in the United States has been significantly impacted by the rising mortgage rates as the Fed made an aggressive move to bring down the high inflation by lifting borrowing costs. Interest rate hikes, soaring inflation and a smaller bond-buying program are hitting the affordability of the prospective buyers.
According to the National Association of Home Builders (NAHB)/Wells Fargo’s Housing Market Index (HMI), sentiment among U.S. homebuilders for newly-built single-family homes slipped to the lowest level from May 2020 to September 2022. However, barring the readings for April 2020 and May 2020 (when HMI fell to 30 and 37, respectively), the September 2022 reading of 46 marks the lowest level since May 2014. High home prices, above 6% mortgage rates and back-to-back interest rate hikes make it difficult for entry-level and first-time buyers to indulge in such activity.
Key Picks
Some better ranked stocks in the Zacks Construction sector are Arcosa, Inc. ACA, Gibraltar Industries, Inc. ROCK and Primoris Services Corporation PRIM.
Arcosa, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets.
ACA’s expected earnings growth rate for 2022 is 7.8%. The Zacks Consensus Estimate for current-year earnings has improved 13.7% over the past 30 days.
Gibraltar, currently carrying a Zacks Rank of 2 (Buy), is benefiting from its three-pillar value creation strategy, the strong housing market and solid demand for legacy and TerraSmart businesses.
ROCK’s expected earnings growth rate for 2022 is 18.7%. The Zacks Consensus Estimate for current-year earnings has remained stable over the past 60 days.
Primoris, a Zacks Rank #2 company, is a specialty contractor company operating in the United States and Canada. A robust backlog of more than $4 billion and solid contract awards in the Energy/Renewables and Utilities segments imply incredible momentum in the future despite supply-chain and permitting challenges. Utility-scale solar projects continued to drive progress in the Energy/Renewables segment.
PRIM’s earnings for 2022 are expected to grow 18.4%. The Zacks Consensus Estimate for current-year earnings has improved 4% in the past 30 days.
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>>Send me my free report revealing the top 5 EV stocks
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Gibraltar Industries, Inc. (ROCK): Free Stock Analysis Report
Tri Pointe Homes Inc. (TPH): Free Stock Analysis Report
Primoris Services Corporation (PRIM): Free Stock Analysis Report
Arcosa, Inc. (ACA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Key Picks Some better ranked stocks in the Zacks Construction sector are Arcosa, Inc. ACA, Gibraltar Industries, Inc. ROCK and Primoris Services Corporation PRIM. ACA’s expected earnings growth rate for 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Key Picks Some better ranked stocks in the Zacks Construction sector are Arcosa, Inc. ACA, Gibraltar Industries, Inc. ROCK and Primoris Services Corporation PRIM. ACA’s expected earnings growth rate for 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Key Picks Some better ranked stocks in the Zacks Construction sector are Arcosa, Inc. ACA, Gibraltar Industries, Inc. ROCK and Primoris Services Corporation PRIM. ACA’s expected earnings growth rate for 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Key Picks Some better ranked stocks in the Zacks Construction sector are Arcosa, Inc. ACA, Gibraltar Industries, Inc. ROCK and Primoris Services Corporation PRIM. ACA’s expected earnings growth rate for 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report |
35332.0 | 2022-09-27 00:00:00 UTC | MAP 2025 Growth Move Aids RPM International (RPM), Costs Ail | ACA | https://www.nasdaq.com/articles/map-2025-growth-move-aids-rpm-international-rpm-costs-ail | nan | nan | RPM International Inc. RPM has been riding high on its strategically balanced business model. Its focus on MAP 2025 (Margin Achievement Plan) operational improvement initiative and bolt-on acquisitions are commendable.
Strong industrial maintenance activity and accelerated in-house resin production add to the positive. The stock has returned 8.9% in the past year against the Zacks Paints and Related Products industry’s 21.3% fall. The company performed pretty well in the past few quarters. It topped analysts’ expectations in 12 of the trailing 14 quarters.
Again, it is expected to witness growth in the next quarter and this year. This Zacks Rank #3 (Hold) company’s profitability is likely to remain intact, thanks to its focus on market opportunities and industry trends, like rebounding restoration and energy markets. Increased investment in growth initiatives and manufacturing capacity, price increases to offset cost woes and Consumer Group turnaround bode well.
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However, RPM is continuously witnessing raw material, freight and wage inflation, supply chain disruption, higher interest rates and currency headwinds and Russia-Ukraine war impacts.
Let’s check out the influencing factors of this performance coatings, sealants and specialty chemicals producer. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Focus on MAP 2025: After completing the 2020 Margin Acceleration Plan or MAP to Growth Plan (launched in fiscal 2018 and formally concluded on May 31, 2021), RPM recently unveiled a MAP 2025 (Margin Achievement Plan) operational improvement initiative.
RPM International expects to accelerate growth, maximize operational efficiencies and generate superior value for its customers, associates and shareholders via MAP 2025. By May 2025 end, RPM projects to achieve $8.5 billion of annual revenues, 42% gross margin and 16% adjusted EBIT margin.
Buyout Synergies: Acquisitions have been an important part of RPM’s growth strategy. During fiscal 2022, the company increased the cash for investment activities by $66.9 million to $259.5 million. During fiscal 2022, the company completed eight acquisitions in three segments. Most notably, it acquired a chemical manufacturing facility in Corsicana, TX, within the CPG segment. Also, it acquired a Clearwater, FL-based indoor air quality solutions provider.
The company made four buyouts in fiscal 2021, three in fiscal 2020, five in fiscal 2019 and seven in fiscal 2018. Acquisitions added 1.4% to net sales in fiscal 2022.
Solid Prospect: RPM International has been performing pretty well. Its adjusted earnings increased 10.9% and net sales rose 13.7% from the prior-year level as all four segments generated record fourth-quarter sales. Adjusted EBIT for the reported quarter also moved up 11.7% from the prior-year period’s levels. Of the four segments, three produced record quarterly adjusted EBIT driven by pricing adjustments and operational efficiencies.
For first-quarter fiscal 2023, RPM International expects total net sales to increase in the mid-teens. The company also expects sales growth in the mid-teens for all its operating segments. Particularly, the Consumer Group is likely to generate the highest growth of the four segments, backed by selling price increases, improved alkyd resin supply and investments in operations. Consolidated adjusted EBIT is expected to increase 20-25% year over year.
The Zacks Consensus Estimates for the first quarter and fiscal 2023 suggest 23.2% and 17.2% yearly growth in adjusted earnings, respectively. The same for net sales reflects 14.5% and 7.3% year-over-year growth in the first quarter and fiscal 2023, respectively.
Inflationary Hurdles to Cross
RPM’s business has been witnessing higher costs and expenses related to restructuring, acquisitions, labor, distribution and freight. Also, persistent supply chain disruptions and acquisitions-related expenses are raising a concern. RPM incurred $6.3 million and $25.8 million of restructuring and other charges and acquisition-related expenses during fiscal 2022, respectively. Rapidly escalating material costs and insufficient supply of raw materials are compressing margins.
During fiscal 2022, the company incurred $4.27 billion in cost of sales, up 15.5% from the year-ago period. Gross margin declined 310 bps, primarily resulting from these headwinds. For the first half of fiscal 2023, the company expects raw material inflation to continue impacting its bottom-line performance.
Key Picks
Some better-ranked stocks in the Zacks Construction sector are Arcosa, Inc. ACA, Gibraltar Industries, Inc. ROCK and Primoris Services Corporation PRIM.
Arcosa, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets.
ACA’s expected earnings growth rate for 2022 is 19.7%. The Zacks Consensus Estimate for current-year earnings has improved 11.1% in the past 30 days.
Gibraltar, currently carrying a Zacks Rank of 2 (Buy), is benefiting from its three-pillar value creation strategy, the strong housing market and solid demand for legacy and TerraSmart businesses.
ROCK’s expected earnings growth rate for 2022 is 19.4%. The Zacks Consensus Estimate for current-year earnings has improved 0.6% in the past 60 days.
Primoris, a Zacks Rank #2 company, is a specialty contractor company operating in the United States and Canada. A robust backlog of more than $4 billion and solid contract awards in the Energy/Renewables and Utilities segments suggest incredible momentum in the future despite supply-chain and permitting challenges. Utility-scale solar projects continued to drive progress in the Energy/Renewables segment.
PRIM’s earnings for 2022 are expected to grow 18.4%. The Zacks Consensus Estimate for current-year earnings rose 4% in the past 60 days.
Just Released: Zacks Unveils the Top 5 EV Stocks for 2022
For several months now, electric vehicles have been disrupting the $82 billion automotive industry. And that disruption is only getting bigger thanks to sky-high gas prices. Even titans in the financial industry including George Soros, Jeff Bezos, and Ray Dalio have invested in this unstoppable wave. You don't want to be sitting on your hands while EV stocks break out and climb to new highs. In a new free report, Zacks is revealing the top 5 EV stocks for investors. Next year, don't look back on today wishing you had taken advantage of this opportunity.
>>Send me my free report revealing the top 5 EV stocks
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Gibraltar Industries, Inc. (ROCK): Free Stock Analysis Report
Primoris Services Corporation (PRIM): Free Stock Analysis Report
RPM International Inc. (RPM): Free Stock Analysis Report
Arcosa, Inc. (ACA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Key Picks Some better-ranked stocks in the Zacks Construction sector are Arcosa, Inc. ACA, Gibraltar Industries, Inc. ROCK and Primoris Services Corporation PRIM. ACA’s expected earnings growth rate for 2022 is 19.7%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Key Picks Some better-ranked stocks in the Zacks Construction sector are Arcosa, Inc. ACA, Gibraltar Industries, Inc. ROCK and Primoris Services Corporation PRIM. ACA’s expected earnings growth rate for 2022 is 19.7%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Key Picks Some better-ranked stocks in the Zacks Construction sector are Arcosa, Inc. ACA, Gibraltar Industries, Inc. ROCK and Primoris Services Corporation PRIM. ACA’s expected earnings growth rate for 2022 is 19.7%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Key Picks Some better-ranked stocks in the Zacks Construction sector are Arcosa, Inc. ACA, Gibraltar Industries, Inc. ROCK and Primoris Services Corporation PRIM. ACA’s expected earnings growth rate for 2022 is 19.7%. Arcosa, Inc. (ACA): Free Stock Analysis Report |
35333.0 | 2022-09-27 00:00:00 UTC | Advanced Drainage (WMS) Looks Promising: Invest in the Stock | ACA | https://www.nasdaq.com/articles/advanced-drainage-wms-looks-promising%3A-invest-in-the-stock | nan | nan | Advanced Drainage Systems, Inc. WMS is gaining strength from solid contributions from Allied Products, Infiltrator and the residential end markets. Also, the new production equipment installation has been added to the positives.
Shares of this leading provider of innovative water management solutions in the stormwater and onsite septic wastewater industries have gained 32.5% in the past three months against the Zacks Building Products – Miscellaneous industry’s 2.3% decline.
Earnings estimates for fiscal 2023 and 2024 have been revised upward by 51.1% and 19.6%, respectively, in the past 60 days, suggesting that sentiments on WMS are moving in the right direction. Let’s delve deeper and find out what’s fueling this Zacks Rank #1 (Strong Buy) stock. You can see the complete list of today’s Zacks #1 Rank stocks here.
Image Source: Zacks Investment Research
Growth Drivers
Solid Performance: Headquartered in Hilliard, OH, this company provides innovative water management solutions in stormwater and onsite septic wastewater industries. The company has been navigating the challenges related to inflationary cost pressures in transportation and manufacturing operations with broad-based growth across the construction end markets and geographies it serves, with notable strength in its priority states. The pricing actions have been more than offsetting its raw material costs.
In the first quarter of fiscal 2023, the company’s net sales increased 36.6% year over year to $914.2 million. Domestic Pipe sales rose 40.3%, Domestic Allied Products & Other sales gained 56.6% and Infiltrator sales increased 31.2% during the quarter. These upsides were driven by double-digit sales growth in the U.S. construction end markets. International sales increased 9.4%, given strong sales growth in the Canadian, Mexican and Exports businesses. Notably, adjusted EBITDA rallied 79.5% year over year.
Higher Expected Earnings Growth Rate: For fiscal 2023, the Zacks Consensus Estimate for revenues and earnings is pegged at $3.34 billion and $6.39 per share, reflecting year-over-year growth of 20.4% and 79.5%, respectively.
Higher ROE: WMS’ trailing 12-month ROE is indicative of growth potential. ROE for the trailing 12 months is 48%, much higher than the industry’s 5.7%, reflecting the company’s efficient usage of shareholders’ funds.
Upbeat View: Given solid performance in the fiscal first quarter and backlog of existing orders and business trends, the company raised its views for this fiscal year for revenues and Adjusted EBITDA. Net sales are now expected to be in the range of $3.250 billion to $3.350 billion. Adjusted EBITDA is expected to be in the range of $900-$940 million.
Other Top-Ranked Stocks in the Construction Sector
Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets.
ACA’s expected earnings growth rate for 2022 is 19.7%. The Zacks Consensus Estimate for current-year earnings has improved to $2.31 per share from $2.08 over the past 30 days.
United Rentals, Inc. URI, presently sporting a Zacks Rank #1, has been benefiting from a broad-based recovery of activity across its end markets served. Higher margins from rental revenues and used equipment sales are added benefits.
The Zacks Consensus Estimate for URI’s 2022 earnings rose to $31.73 per share from $29.70 in the past 60 days. The estimated figure suggests 43.8% year-over-year growth.
Dycom Industries, Inc. DY is benefiting from the higher demand for network bandwidth and mobile broadband, extended geography, proficient program management and network planning services. Dycom expects considerable opportunities across a broad array of customers.
Dycom’s, currently sporting a Zacks Rank #1, earnings for fiscal 2023 are expected to grow 142.1%. The Zacks Consensus Estimate for DY’s 2022 earnings rose to $3.68 per share from $3.37 in the past 30 days.
Just Released: Zacks Unveils the Top 5 EV Stocks for 2022
For several months now, electric vehicles have been disrupting the $82 billion automotive industry. And that disruption is only getting bigger thanks to sky-high gas prices. Even titans in the financial industry including George Soros, Jeff Bezos, and Ray Dalio have invested in this unstoppable wave. You don't want to be sitting on your hands while EV stocks break out and climb to new highs. In a new free report, Zacks is revealing the top 5 EV stocks for investors. Next year, don't look back on today wishing you had taken advantage of this opportunity.
>>Send me my free report revealing the top 5 EV stocks
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Advanced Drainage Systems, Inc. (WMS): Free Stock Analysis Report
United Rentals, Inc. (URI): Free Stock Analysis Report
Dycom Industries, Inc. (DY): Free Stock Analysis Report
Arcosa, Inc. (ACA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Other Top-Ranked Stocks in the Construction Sector Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 19.7%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Other Top-Ranked Stocks in the Construction Sector Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 19.7%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Other Top-Ranked Stocks in the Construction Sector Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 19.7%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Other Top-Ranked Stocks in the Construction Sector Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 19.7%. Arcosa, Inc. (ACA): Free Stock Analysis Report |
35334.0 | 2022-09-27 00:00:00 UTC | Why Should You Buy Gibraltar Industries (ROCK) Stock Now | ACA | https://www.nasdaq.com/articles/why-should-you-buy-gibraltar-industries-rock-stock-now | nan | nan | Gibraltar Industries Inc. ROCK has been benefiting from its solid Three-Pillar strategy and the U.S. administration’s endeavor to boost the country's renewable energy and infrastructure, defying material and labor supply challenges, or delays and disruptions in solar project schedules due to panel supply issues. Shares of Gibraltar have lost 17.2% over the past six months, outperforming the industry’s 21.6% decline.
The Zacks Consensus Estimate for 2022 and 2023 earnings of $3.32 and $3.62 per share indicates 19.4% and 9% year-over-year growth, respectively. The solid growth rate depicts the stock's promising future.
The 2022 and 2023 earnings per share estimates for this Zacks Rank #2 (Buy) company have moved 0.6% and 0.3% upward over the past 30 days. This positive trend signifies bullish analysts’ sentiments, indicating robust fundamentals and the expectation of outperformance in the near term. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We believe that ROCK offers a sound investment opportunity, as evident from its VGM Score of B.
Image Source: Zacks Investment Research
Let’s delve deeper into the major driving factors.
Thee-Pillar Strategy: Gibraltar is progressing well, operationally and financially, on the back of its three-pillar growth strategy. The strategy is focused on three core tenets - Business Systems, Portfolio Management and Organizational Development. The first pillar, i.e., Business Systems, combines two of its previous strategic pillars, namely, operational excellence and product innovation. The second strategic pillar comprises Portfolio Management and Acquisitions. Through this pillar, the company is focused on optimizing its business portfolio.
In 2021, the company’s 30% revenue growth was mainly attributable to 21% contributions from acquisitions. Lastly, the third pillar of the strategy is Organizational Development. The Organizational Development primarily focuses on talent development, design and structure of an organization.
Solid Residential Business: The segment’s 80% to 90% business banks on existing home repair, either due to the home aging or weather damage. Historically, home repairs have not seen a significant impact from changing interest rates, repairs. Second-quarter 2022 net sales saw a 5.3% increase, which was driven by the Residential segment, driven by a 13% increase in pricing to customers.
Residential segment net sales increased 21.9%, marking the eighth consecutive quarter of double-digit growth. The segment’s adjusted operating and EBITDA margins grew 190 basis points and 150 basis points, respectively, on favorable price/cost management, supply-chain initiatives, labor management, volume leverage and 80/20 initiatives.
Strong Renewable Prospects: Although the renewable’s revenues decreased in the last two quarters and the second quarter backlog declined by 2% due to ongoing industry panel supply issues, subsequent field project inefficiencies and additional structural steel inflation, the U.S. solar industry has been witnessing a solid upside owing to the growing demand over the past couple of quarters.
This is evident from the latest installation trend prevalent in the nation. For instance, as reported by Solar Energy Industries Association (SEIA), residential solar had its biggest quarter in history, with 1.36 GWdc installed in the second quarter in the United States.
As a whole, the U.S. solar industry installed 4.6 GWdc of capacity in the second quarter, reflecting a sequential improvement of 12%. Also, the SEIA boosted its expectation for total U.S. solar deployments in 2022 by 100 MWdc. This upward trajectory of planned renewable energy projects reflects a resilient future for companies like Gibraltar.
Stable View: Based on the ongoing business dynamics, Gibraltar still expects revenues of $1.38-$1.43 billion, suggesting year-over-year growth of 3-6.7%. Adjusted earnings are likely to be in the range of $3.20-$3.40 per share, indicating a 15.1-22.3% year-over-year rise.
Other Top-Ranked Stocks in the Construction Sector
Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets.
ACA’s expected earnings growth rate for 2022 is 19.7%. The Zacks Consensus Estimate for current-year earnings has improved to $2.31 per share from $2.08 over the past 30 days.
United Rentals, Inc. URI, presently sporting a Zacks Rank #1, has been benefiting from a broad-based recovery of activity across its end markets served. Higher margins from rental revenues and used equipment sales are added benefits.
The Zacks Consensus Estimate for URI’s 2022 earnings rose to $31.73 per share from $29.70 in the past 60 days. The estimated figure suggests 43.8% year-over-year growth.
Dycom Industries, Inc. DY is benefiting from the higher demand for network bandwidth and mobile broadband, extended geography, proficient program management and network planning services. Dycom expects considerable opportunities across a broad array of customers.
Dycom’s, currently sports a Zacks Rank #1, earnings for fiscal 2023 are expected to grow 142.1%. The Zacks Consensus Estimate for DY’s 2022 earnings rose to $3.68 per share from $3.37 in the past 30 days.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Other Top-Ranked Stocks in the Construction Sector Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 19.7%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Other Top-Ranked Stocks in the Construction Sector Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 19.7%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Other Top-Ranked Stocks in the Construction Sector Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 19.7%. Arcosa, Inc. (ACA): Free Stock Analysis Report | ACA’s expected earnings growth rate for 2022 is 19.7%. Other Top-Ranked Stocks in the Construction Sector Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. Arcosa, Inc. (ACA): Free Stock Analysis Report |
35335.0 | 2022-09-27 00:00:00 UTC | Do Options Traders Know Something About Arcosa (ACA) Stock We Don't? | ACA | https://www.nasdaq.com/articles/do-options-traders-know-something-about-arcosa-aca-stock-we-dont | nan | nan | Investors in Arcosa, Inc. ACA need to pay close attention to the stock based on moves in the options market lately. That is because the Nov 18, 2022 $50.00 Call had some of the highest implied volatility of all equity options today.
What is Implied Volatility?
Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
What do the Analysts Think?
Clearly, options traders are pricing in a big move for Arcosa shares, but what is the fundamental picture for the company? Currently, Arcosa is a Zacks Rank #1 (Strong Buy) in the Building Products - Miscellaneous industry that ranks in the Top 23% of our Zacks Industry Rank. Over the last 60 days, no analysts have increased their earnings estimates for the current quarter, while one analyst has revised the estimate downward. The net effect has taken our Zacks Consensus Estimate for the current quarter from 59 cents per share to 58 cents in that period.
Given the way analysts feel about Arcosa right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
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Arcosa, Inc. (ACA): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors in Arcosa, Inc. ACA need to pay close attention to the stock based on moves in the options market lately. Arcosa, Inc. (ACA): Free Stock Analysis Report Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. | Investors in Arcosa, Inc. ACA need to pay close attention to the stock based on moves in the options market lately. Arcosa, Inc. (ACA): Free Stock Analysis Report Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. | Investors in Arcosa, Inc. ACA need to pay close attention to the stock based on moves in the options market lately. Arcosa, Inc. (ACA): Free Stock Analysis Report Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. | Investors in Arcosa, Inc. ACA need to pay close attention to the stock based on moves in the options market lately. Arcosa, Inc. (ACA): Free Stock Analysis Report Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. |
35336.0 | 2022-09-26 00:00:00 UTC | KB Home (KBH) Down 29.2% YTD: Lower Orders & Higher Rates Ail | ACA | https://www.nasdaq.com/articles/kb-home-kbh-down-29.2-ytd%3A-lower-orders-higher-rates-ail | nan | nan | KB Home KBH, like other homebuilders, has been reeling under industry-wide challenges like rising mortgage rates and home prices. These are ultimately impacting the affordability of prospective buyers.
Recently, this Los Angeles, CA-based homebuilder reported mixed results in third-quarter fiscal 2022 (ended Aug 31, 2022), with earnings surpassing the Zacks Consensus Estimate and revenues missing the same. On a year-over-year basis, the metrics increased, despite prevailing industry headwinds and moderate housing demand, given the solid backlog level.
Earnings estimates have also shown the inevitable effect of the industry-wide slowdown, decreasing 3.5% for fiscal 2022 and 13.8% for fiscal 2023 over the past seven days. This depicts the analysts’ concern for the company’s growth prospects.
Image Source: Zacks Investment Research
KBH’s shares have lost 29.2% year to date, underperforming the Zacks Building Products - Home Builders industry’s 35.7% decline this year.
Let’s discuss the factors impacting the performance of this Zacks Rank #5 (Strong Sell) company.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Factors Impacting Performance
Rising Mortgage Rates: The Fed's determination to curtail inflation through interest rate increases and quantitative tightening has started to show the desired effect of slowing down sales in some markets across the country. In September 2022, the Fed approved its third consecutive interest-rate rise of 0.75 percentage points and signaled additional large increases were likely at upcoming meetings as it combats inflation that remains near a 40-year high.
The rate hike brings the central bank’s benchmark interest rate, the federal funds rate, to a new range of 3.0% to 3.25% — its highest level since 2008 — from a range between 2.25% and 2.5%. Officials expect the Fed funds rate to rise to 4.4% by the end of 2022 and 4.6% by the end of 2023. Hence, it is up from 3.4% for this year and 3.8% previously.
Consequently, the highly interest-rate-sensitive housing sector in the United States has been significantly impacted by the rising mortgage rates as the Fed made an aggressive move to bring down the high inflation by lifting borrowing costs. Interest rate hikes, soaring inflation and a smaller bond-buying program are hitting the affordability of the prospective buyers.
Lower Orders: Given lower demand stemming from higher mortgage interest rates, inflation and other macroeconomic and geopolitical concerns, net orders of 2,040 and net order value of $979 million decreased 50% and 51%, respectively, during the fiscal third quarter. Monthly net orders per community were 3.1 compared to 6.6 a year ago. Gross orders decreased 30% year over year to 3,137. The cancelation rate, as a percentage of gross orders, was 35% significantly up from 9%.
Lower Builder Confidence: According to the National Association of Home Builders (NAHB)/Wells Fargo’s Housing Market Index (HMI), sentiment among U.S. homebuilders for newly-built single-family homes slipped to the lowest level since May 2020 in September 2022. However, barring the readings for April and May of 2020 (when HMI fell to 30 and 37, respectively), the September 2022 reading of 46 marks the lowest level since May 2014. High home prices, above 6% mortgage rates and back-to-back interest rate hikes make it difficult for entry-level and first-time buyers to indulge in such activity.
Lower Expected Earnings Growth Rate: For fiscal 2023, the Zacks Consensus Estimate for revenues and earnings is pegged at $6.94 billion and $8.47 per share, reflecting a year-over-year decline of 2.7% and 14.1%, respectively.
Some Better-Ranked Stocks in the Construction Sector
Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets.
ACA’s expected earnings growth rate for 2022 is 19.7%. The Zacks Consensus Estimate for current-year earnings has improved to $2.31 per share from $2.08 over the past 30 days.
United Rentals, Inc. URI, presently sporting a Zacks Rank #1, has been benefiting from a broad-based recovery of activity across its end markets served. Higher margins from rental revenues and used equipment sales are added benefits.
The Zacks Consensus Estimate for URI’s 2022 earnings rose to $31.73 per share from $29.70 in the past 60 days. The estimated figure suggests 43.8% year-over-year growth.
Dycom Industries, Inc. DY is benefiting from the higher demand for network bandwidth and mobile broadband, extended geography, proficient program management and network planning services. Dycom expects considerable opportunities across a broad array of customers.
Dycom’s, currently sports a Zacks Rank #1, earnings for fiscal 2023 are expected to grow 142.1%. The Zacks Consensus Estimate for DY’s 2022 earnings rose to $3.68 per share from $3.37 in the past 30 days.
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KB Home (KBH): Free Stock Analysis Report
United Rentals, Inc. (URI): Free Stock Analysis Report
Dycom Industries, Inc. (DY): Free Stock Analysis Report
Arcosa, Inc. (ACA): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Some Better-Ranked Stocks in the Construction Sector Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 19.7%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Some Better-Ranked Stocks in the Construction Sector Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 19.7%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Some Better-Ranked Stocks in the Construction Sector Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 19.7%. Arcosa, Inc. (ACA): Free Stock Analysis Report | ACA’s expected earnings growth rate for 2022 is 19.7%. Some Better-Ranked Stocks in the Construction Sector Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. Arcosa, Inc. (ACA): Free Stock Analysis Report |
35337.0 | 2022-09-23 00:00:00 UTC | KBR Inks Deal to License Giammarco-Vertrocoke's Technology | ACA | https://www.nasdaq.com/articles/kbr-inks-deal-to-license-giammarco-vertrocokes-technology | nan | nan | KBR, Inc. KBR inked a deal with Giammarco-Vertrocoke S.R.L. to license its carbon capture technology globally.
Per this master license and engineering agreement, KBR will integrate and deploy critical carbon capture solutions to help its clients meet their sustainability targets. This well-proven, energy-efficient and flexible technology can be integrated across the value chain for blue ammonia, petrochemical and refining industries.
KBR and Giammarco-Vetrocoke aim to provide a more sustainable world by capturing CO2 from the environment to reduce the impact of climate change.
Image Source: Zacks Investment Research
The stock fell 3.04% on Sep 22, post news release, but gained 0.94% in the after-hours trading session. KBR’s shares have gained 18.2% in a year against the Zacks Engineering - R and D Services industry’s 3% fall.
Solid Backlog Level, Upbeat Views
KBR’s solid backlog level of $15.39 billion (as of Jun 30, 2022) reflects its underlying strength. The company’s impressive 2021 and first-half 2022 performances demonstrated its unwavering focus and superb business execution. Solid double-digit top-line growth, strong organic growth in the Government Solutions unit and robust adjusted EBITDA growth are commendable. The impressive performance was backed by a solid contract winning spree, strong project execution, backlog level and potential government and technology businesses.
Although the Sustainable Technology Solutions business revenues declined in first-half 2022 due to the company’s exit from commercial activities in Russia and the timing of certain ongoing projects, it has started making progress in its profit growth strategy.
Backed by favorable market tailwinds, good booking momentum, a strong first-half 2022 and more than 90% work under contract, KBR provided strong 2022 guidance. For 2022, the company expects total revenues in the range of $6.4-$6.8 billion and an adjusted EBITDA margin of 10%. Also, it expects adjusted earnings per share in the band of $2.53-$2.65. It expects adjusted operating cash flow in the range of $360-$400 million.
In 2021, it generated total revenues of $7.34 billion, an adjusted EBITDA margin of 8.5% and adjusted earnings of $2.42 per share. It had an adjusted operating cash flow of $319 million.
Zacks Rank & Key Picks
Currently, KBR carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets.
ACA’s expected earnings growth rate for 2022 is 19.7%. The Zacks Consensus Estimate for current-year earnings has improved to $2.31 per share from $2.08 over the past 30 days.
United Rentals, Inc. URI, presently sporting a Zacks Rank #1, has been benefiting from a broad-based recovery of activity across its end markets served. Higher margins from rental revenues and used equipment sales are added benefits.
The Zacks Consensus Estimate for URI’s 2022 earnings rose to $31.73 per share from $31.66 in the past 30 days. The estimated figure suggests 43.8% year-over-year growth.
Dycom Industries, Inc. DY is benefiting from the higher demand for network bandwidth and mobile broadband, extended geography, proficient program management and network planning services. Dycom expects considerable opportunities across a broad array of customers.
Dycom’s, currently sporting a Zacks Rank #1, earnings for fiscal 2023 are expected to grow 142.1%. The Zacks Consensus Estimate for DY’s 2022 earnings rose to $3.68 per share from $3.28 in the past 30 days.
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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KBR, Inc. (KBR): Free Stock Analysis Report
United Rentals, Inc. (URI): Free Stock Analysis Report
Dycom Industries, Inc. (DY): Free Stock Analysis Report
Arcosa, Inc. (ACA): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 19.7%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 19.7%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 19.7%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 19.7%. Arcosa, Inc. (ACA): Free Stock Analysis Report |
35338.0 | 2022-09-23 00:00:00 UTC | Is Arcosa (ACA) Outperforming Other Construction Stocks This Year? | ACA | https://www.nasdaq.com/articles/is-arcosa-aca-outperforming-other-construction-stocks-this-year | nan | nan | For those looking to find strong Construction stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Arcosa (ACA) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Construction peers, we might be able to answer that question.
Arcosa is a member of the Construction sector. This group includes 100 individual stocks and currently holds a Zacks Sector Rank of #11. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Arcosa is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for ACA's full-year earnings has moved 26.3% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, ACA has moved about 7.8% on a year-to-date basis. Meanwhile, stocks in the Construction group have lost about 29.7% on average. As we can see, Arcosa is performing better than its sector in the calendar year.
Another Construction stock, which has outperformed the sector so far this year, is Dycom Industries (DY). The stock has returned 11.8% year-to-date.
The consensus estimate for Dycom Industries' current year EPS has increased 11.7% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Arcosa belongs to the Building Products - Miscellaneous industry, a group that includes 29 individual companies and currently sits at #56 in the Zacks Industry Rank. Stocks in this group have lost about 29.4% so far this year, so ACA is performing better this group in terms of year-to-date returns.
In contrast, Dycom Industries falls under the Building Products - Heavy Construction industry. Currently, this industry has 11 stocks and is ranked #171. Since the beginning of the year, the industry has moved -15.5%.
Arcosa and Dycom Industries could continue their solid performance, so investors interested in Construction stocks should continue to pay close attention to these stocks.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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Arcosa, Inc. (ACA): Free Stock Analysis Report
Dycom Industries, Inc. (DY): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Is Arcosa (ACA) one of those stocks right now? The Zacks Consensus Estimate for ACA's full-year earnings has moved 26.3% higher within the past quarter. According to our latest data, ACA has moved about 7.8% on a year-to-date basis. | Arcosa, Inc. (ACA): Free Stock Analysis Report Is Arcosa (ACA) one of those stocks right now? The Zacks Consensus Estimate for ACA's full-year earnings has moved 26.3% higher within the past quarter. | Is Arcosa (ACA) one of those stocks right now? The Zacks Consensus Estimate for ACA's full-year earnings has moved 26.3% higher within the past quarter. According to our latest data, ACA has moved about 7.8% on a year-to-date basis. | Is Arcosa (ACA) one of those stocks right now? The Zacks Consensus Estimate for ACA's full-year earnings has moved 26.3% higher within the past quarter. According to our latest data, ACA has moved about 7.8% on a year-to-date basis. |
35339.0 | 2022-09-22 00:00:00 UTC | Jacobs (J) to Refurbish UK Nuclear Research Laboratories | ACA | https://www.nasdaq.com/articles/jacobs-j-to-refurbish-uk-nuclear-research-laboratories | nan | nan | Jacobs Solutions Inc. J has secured a contract from the UK's government-owned National Nuclear Laboratory for various infrastructure renewal projects. The contract is estimated at $12 million (£10 million) with an initial one-year contract term. It also has an option for three additional one-year extensions.
The contract will help the UK's advanced nuclear research and development capability to remain topnotch.
Under the contract, Jacobs’ scope of work includes design, build and refurbishment work at the Windscale and Central Laboratories at Sellafield in Cumbria, a specialist analytical services and process chemistry facility in Preston and a test-rig center in Workington.
The Dallas, TX-based leading providers of professional, technical and construction services will support requirements definition; project specification; concept, preliminary and detailed design; procurement and installation.
Contract Wins & Solid Backlog Bode Well
The efficient project execution is one of the main characteristics driving Jacobs’ performance over the last few quarters. The company’s ongoing contract wins are a testimony to this fact. At the fiscal third-quarter end, it reported a backlog of $28.1 billion, up 10.4% year over year. This indicates consistent solid demand for Jacobs' consulting services. Of this backlog, the Critical Mission Solutions segment accounted for $10.2 billion, up from $9.57 billion reported a year ago, which provided strong visibility into the base business.
The company’s overall 18-month qualified new business pipeline of more than $25 billion remains robust. This segment is benefiting from well-funded government and cyber programs, U.S. Department of Defense or DoD, mission-IT, space, nuclear and 5G-related projects.
The People & Places Solutions (P&PS) segment backlog at the quarter end was $17.5 billion, up from $15.6 billion a year ago. The P&PS segment’s overall sales pipeline has increased as life sciences and electronics customers have moved forward with the previously paused projects.
Image Source: Zacks Investment Research
J’s shares have broadly outperformed the Zacks Engineering - R and D Services industry this year. Earnings estimates for fiscal 2022 suggest 10.3% year-over-year growth.
Zacks Rank
Jacobs currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Some Better-Ranked Stocks in the Construction Sector
Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets.
ACA’s expected earnings growth rate for 2022 is 19.7%. The Zacks Consensus Estimate for current-year earnings has improved to $2.31 per share from $2.08 over the past 30 days.
United Rentals, Inc. URI, presently sporting a Zacks Rank #1, has been benefiting from a broad-based recovery of activity across its end markets served. Higher margins from rental revenues and used equipment sales are added benefits.
The Zacks Consensus Estimate for URI’s 2022 earnings rose to $31.73 per share from $31.66 in the past 30 days. The estimated figure suggests 43.8% year-over-year growth.
Dycom Industries, Inc. DY is benefiting from the higher demand for network bandwidth and mobile broadband, extended geography, proficient program management and network planning services. Dycom expects considerable opportunities across a broad array of customers.
Dycom’s, currently sports a Zacks Rank #1, earnings for fiscal 2023 are expected to grow 142.1%. The Zacks Consensus Estimate for DY’s 2022 earnings rose to $3.68 per share from $3.28 in the past 30 days.
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United Rentals, Inc. (URI): Free Stock Analysis Report
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Arcosa, Inc. (ACA): Free Stock Analysis Report
Jacobs Solutions Inc. (J): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Some Better-Ranked Stocks in the Construction Sector Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 19.7%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Arcosa, Inc. (ACA): Free Stock Analysis Report Some Better-Ranked Stocks in the Construction Sector Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 19.7%. | Some Better-Ranked Stocks in the Construction Sector Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 19.7%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Some Better-Ranked Stocks in the Construction Sector Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 19.7%. Arcosa, Inc. (ACA): Free Stock Analysis Report |
35340.0 | 2022-09-22 00:00:00 UTC | KB Home (KBH) Q3 Earnings Beat, Margins Up Y/Y, Q4 Views Strong | ACA | https://www.nasdaq.com/articles/kb-home-kbh-q3-earnings-beat-margins-up-y-y-q4-views-strong | nan | nan | KB Home KBH reported mixed results in third-quarter fiscal 2022 (ended Aug 31, 2022), with earnings surpassing the Zacks Consensus Estimate and revenues missing the same. On a year-over-year basis, the metrics increased despite prevailing industry headwinds and moderate housing demand.
Shares of this leading homebuilder fell 0.82% in the after-market trading session on Sep 21.
Jeffrey Mezger, chairman, president and chief executive officer, stated, “Although we experienced a shortfall in deliveries relative to our expectation due to extended build times and ongoing supply chain constraints, which will also impact our 2022 fourth quarter, our results demonstrate our larger scale, excellent portfolio of communities and a healthy balance sheet.”
Mezger added, “While we continue to navigate these uncertain conditions, we believe we are well positioned with our Built-to-Order business model and a signicant backlog of over 10,700 homes, which we expect to deliver over the next three quarters, representing potential future housing revenues of approximately $5.3 billion.”
Earnings & Revenue Discussion
KBH reported adjusted earnings of $2.86 per share, which surpassed the consensus estimate of $2.69 by 6.3%. The metric surged 79% from the year-ago quarter’s figure of $1.60 per share. The upside was mainly backed by strong revenues and margin growth.
KB Home Price, Consensus and EPS Surprise
KB Home price-consensus-eps-surprise-chart | KB Home Quote
Total revenues of $1.845 billion lagged the consensus mark of $1.86 billion by 0.8% but increased 26% on a year-over-year basis.
Segment Details
Homebuilding: The segment's revenues of $1.84 billion increased 25.8% from the prior-year quarter’s levels. The number of homes delivered of 3,615 units was up 5.5% from the year-ago levels. The average selling price, or ASP, increased 19% from a year ago to $508,700.
Net orders declined 50.1% from the prior-year quarter to 2,040 homes, mainly due to lower demand stemming from higher mortgage rates, inflation, and other macroeconomic and geopolitical woes. The value of net orders also fell 51.3% from the year-ago quarter to $979 million. The average community count and the ending community count rose 8% from a year ago to 221 and 227, respectively.
The cancellation rate, as a percentage of gross orders, was 35% compared with 9% a year ago. Quarter-end backlog totaled 10,756 homes, up 0.6% from a year ago figure of 10,694. Further, potential housing revenues from backlog grew 8.6% from the prior-year period to $5.26 billion.
Within homebuilding, housing gross margin (excluding inventory-related charges) improved 500 basis points (bps) year over year to 27%. The increase was attributed to a favorable pricing environment and strong demand for that period.
Selling, general and administrative expenses — as a percentage of housing revenues — improved 100 bps from the year-ago figure to 8.9%, thanks to lower external sales commissions and increased operating leverage. Homebuilding operating margin (excluding inventory-related charges) increased 600 bps to 18.1%.
Financial Services revenues rose 15.4% year over year to $6 million. Pretax income of $4.6 million, down 51.1% from a year ago. This reflects a significant decline in the equity in income of its mortgage banking joint venture, KBHS Home Loans, LLC.
Financial Position
KB Home had cash and cash equivalents of $195.4 million as of Aug 31, 2022, down from $290.8 million at fiscal 2021-end. The company had total liquidity of $928.8 million, including $733.4 million of available capacity under the unsecured revolving credit facility.
Inventories increased 19% to $5.74 billion at the end of the fiscal third quarter. As of fiscal third quarter-end, the debt to capital ratio was 36.8%, up from 35.8% at fiscal 2021-end and 39.6% at fiscal third-quarter 2021 end.
Fiscal Fourth Quarter Guidance
The company expects housing revenues in the range of $1.95-$2.05 billion, up from the year-ago figure of $1.67 billion. ASP is likely to be $503,000. Homebuilding operating margin (assuming no inventory-related charges) is expected to be approximately 16.7%. This compares favorably with the year ago figure of 12.9%.
Assuming no inventory-related charges, KB Home expects housing gross margin in the range of 25-26% versus 22.4% reported a year ago. SG&A expense, as a percentage of housing revenues, is likely to be nearly 8.8% (down from year ago figure of 9.8%). It projects an effective tax rate of approximately 24%. The company expects a quarter-end community count in 235-250 range.
Zacks Rank
KB Home currently carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Some Better-Ranked Stocks in the Construction Sector
Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets.
ACA’s expected earnings growth rate for 2022 is 19.7%. The Zacks Consensus Estimate for current-year earnings has improved to $2.31 per share from $2.08 over the past 30 days.
United Rentals, Inc. URI, presently sporting a Zacks Rank #1, has been benefiting from a broad-based recovery of activity across its end markets served. Higher margins from rental revenues and used equipment sales are added benefits.
The Zacks Consensus Estimate for URI’s 2022 earnings rose to $31.73 per share from $31.66 in the past 30 days. The estimated figure suggests 43.8% year-over-year growth.
Dycom Industries, Inc. DY is benefiting from the higher demand for network bandwidth and mobile broadband, extended geography, proficient program management and network planning services. Dycom expects considerable opportunities across a broad array of customers.
Dycom’s, currently sporting a Zacks Rank #1, earnings for fiscal 2023 are expected to grow 142.1%. The Zacks Consensus Estimate for DY’s 2022 earnings rose to $3.68 per share from $3.28 in the past 30 days.
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KB Home (KBH): Free Stock Analysis Report
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Dycom Industries, Inc. (DY): Free Stock Analysis Report
Arcosa, Inc. (ACA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Some Better-Ranked Stocks in the Construction Sector Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 19.7%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Some Better-Ranked Stocks in the Construction Sector Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 19.7%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Some Better-Ranked Stocks in the Construction Sector Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 19.7%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Some Better-Ranked Stocks in the Construction Sector Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 19.7%. Arcosa, Inc. (ACA): Free Stock Analysis Report |
35341.0 | 2022-09-21 00:00:00 UTC | Why You Should Buy Primoris (PRIM) Despite Stock Decline | ACA | https://www.nasdaq.com/articles/why-you-should-buy-primoris-prim-despite-stock-decline | nan | nan | Primoris Services Corporation PRIM shares tanked 18.3% in a year compared with the Zacks Building Products - Heavy Construction industry’s 2.3% decline. The downtrend in pricing reflects the ongoing industry-wide challenges.
Defying these headwinds, this Zacks Rank #2 (Buy) company is banking on solid project execution, a robust backlog level and a contract-winning spree in both the Energy/Renewables and Utilities segments. Also, strategic acquisitions and operational excellence bode well.
Earnings estimates for the current quarter and year have moved up more than 18% and 4%, respectively, in the past 60 days. The solid bottom-line growth projection reflects analysts’ optimism and justifies its “Buy” recommendation.
Image Source: Zacks Investment Research
Let’s delve deeper into the factors that support this specialty contractor company.
Continuous Contract Flow, a Boon
Primoris has been reaping benefits from strong project execution in the Energy/Renewables and Utilities segments. In early September, its Pipeline Services unit secured a contract for the construction of 60 miles of pipeline in Texas. The contract, valued at $120 million, is expected to be completed in the second quarter of 2023.
In August, Primoris received a solar project contract worth $270 million. The contract was received by the Energy/Renewables segment. The project will add approximately 500-3,900 megawatts of solar power projects, which the company currently has under construction.
In July, it received a heavy civil project of more than $170 million from the Texas Department of Transportation. In June, the Energy/Renewables segment won a solar project contract worth $260 million.
Robust Backlog to Drive Revenues
Primoris is poised to gain from its solid backlog position across businesses. As of Jun 30, 2022, the company reported a record backlog of $4.572 billion, representing an increase of 59% from a year ago. The company expects to generate 76% of the total backlog as revenues during the next four quarters. This comprises a backlog of 100% in Utilities, 62% in Energy/Renewables and 100% in Pipeline.
Acquisitions to Expand Business
Primoris rides high on a solid acquisition strategy. On Aug 1, it completed the buyout of PLH Group, Inc. in an all-cash transaction of $470 million.
As a critical infrastructure services provider to the utility, renewables and other related energy markets, Primoris will now enjoy almost double the strength in the Power Delivery business and a rise in its Utilities segment revenue growth of more than 50% on a pro forma basis. It will also solidify Power Delivery presence in the five fastest-growing states to create more turnkey opportunities in the future.
Moreover, the buyout accelerates PRIM’s ongoing portfolio transition toward higher-growth, higher-margin markets and recurring Master Service Agreement ("MSA") revenues. It expects to witness double-digit earnings per share growth and material cost synergies within the next 12 months. It anticipates annual cost savings of at least $10 million in the next two years post-acquisition. On a pro forma basis, Primoris projects net debt to adjusted EBITDA of approximately 3.3x for the last 12 months, with targeted de-levering to 2.0X by 2024.
On Mar 1, it acquired Alberta Screw Piles, Ltd. for a cash price of approximately $4.1 million. Earlier, on Jan 15, 2021, it acquired Future Infrastructure Holdings, LLC for approximately $604.7 million.
Solid Cost Management
Over the last few quarters, the company has been undertaking cost-control measures to boost profitability. Moreover, during the second quarter, it reduced SG&A expenses to nearly 5.8% of revenues compared with 6.6% in the prior-year period. Solid cost management helped it to generate higher profits.
The company is targeting SG&A expense, as a percentage of revenues, in the low-to-mid 6% range for 2022.
Other Top-Ranked Stocks in the Construction Sector
Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets.
ACA’s expected earnings growth rate for 2022 is 19.7%. The Zacks Consensus Estimate for current-year earnings has improved to $2.31 per share from $2.08 over the past 30 days.
United Rentals, Inc. URI, presently sporting a Zacks Rank #1, has been benefiting from a broad-based recovery of activity across its end markets served. Higher margins from rental revenues and used equipment sales are added benefits.
The Zacks Consensus Estimate for URI’s 2022 earnings rose to $31.73 per share from $31.66 in the past 30 days. The estimated figure suggests 43.8% year-over-year growth.
Dycom Industries, Inc. DY is benefiting from the higher demand for network bandwidth and mobile broadband, extended geography, proficient program management and network planning services. Dycom expects considerable opportunities across a broad array of customers.
Dycom’s, currently sports a Zacks Rank #1, earnings for fiscal 2023 are expected to grow 142.1%. The Zacks Consensus Estimate for DY’s 2022 earnings rose to $3.68 per share from $3.28 in the past 30 days.
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United Rentals, Inc. (URI): Free Stock Analysis Report
Dycom Industries, Inc. (DY): Free Stock Analysis Report
Primoris Services Corporation (PRIM): Free Stock Analysis Report
Arcosa, Inc. (ACA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Other Top-Ranked Stocks in the Construction Sector Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 19.7%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Other Top-Ranked Stocks in the Construction Sector Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 19.7%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Other Top-Ranked Stocks in the Construction Sector Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 19.7%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Other Top-Ranked Stocks in the Construction Sector Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 19.7%. Arcosa, Inc. (ACA): Free Stock Analysis Report |
35342.0 | 2022-09-21 00:00:00 UTC | AECOM (ACM) Launches PipeInsights, Boosts Digital Platform | ACA | https://www.nasdaq.com/articles/aecom-acm-launches-pipeinsights-boosts-digital-platform | nan | nan | AECOM ACM unveiled a digital platform — PipeInsights — to expand its Digital AECOM offerings. The PipeInsights platform uses advanced machine learning algorithms to support conventional CCTV inspections.
This digital platform automatically detects defects and recommends optimal maintenance solutions to clients for superior rehabilitation and maintenance of their sewer systems. Also, it provides seamlessly integrated footage and safe results through simple geographic information system interface, which helps users to manage multiple sewer programs simultaneously from any mobile device.
AECOM has been a leader in delivering safe, sanitary and resilient sewer system solutions via its Water business line. Its commitment to facing challenges with technological agility leads it toward client success. These new-age digital tools bolster AECOM’s capabilities and efficiency.
Beverley Stinson, chief executive of AECOM’s global Water business, stated, “We’ve applied our digital expertise and decades of experience to mitigate the inefficiencies typically associated with inspections, using artificial intelligence to rapidly review CCTV footage and identify defects.”
Digital AECOM & Project Execution Strengthen Profitability
AECOM is a leading solutions provider supporting professional, technical and management solutions for diverse industries across end markets like transportation, facilities, government and environmental, energy and water businesses. The major part of the U.S. government’s broad infrastructural plan is focused on transit and water markets, wherein AECOM enjoys a dominant position.
The company is benefiting from accelerated investments in organic growth and expanded digital capabilities through Digital AECOM. It recently developed and unveiled a proprietary IIJA-specific digital tool as part of the digital AECOM offering in response to urgent demand from clients to best position their projects for IIJA funding.
AECOM also rolled out Program Management Delivery System and Toolkit, bringing together digital tools and technical capabilities to deliver world-class program management services. In addition, AECOM recently entered into a partnership with Microsoft to leverage its leading cloud technology and further enhance the PlanEngage offering. PlanEngage is now being promoted by Microsoft, creating another channel from which AECOM can deliver innovation to the marketplace.
The company’s digital brand, which includes a portfolio of products to serve clients more holistically on their digital transformations, will be a key contributor toward achieving at least 15% adjusted operating margin target for 2024.
Image Source: Zacks Investment Research
Shares of the company have outperformed the Zacks Engineering - R and D Services industry in the past three months. This leading professional, technical and management solutions provider is witnessing a robust pipeline of pursuits across the business. It benefits from solid infrastructure spending in the U.K., Canada, Hong Kong and Australia.
Zacks Rank & Other Key Picks
AECOM currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets.
ACA’s expected earnings growth rate for 2022 is 19.7%. The Zacks Consensus Estimate for current-year earnings has improved to $2.31 per share from $2.08 over the past 30 days.
United Rentals, Inc. URI, presently carrying a Zacks Rank #1, has been benefiting from a broad-based recovery of activity across its end markets. Higher margins from rental revenues and used equipment sales are added benefits.
The Zacks Consensus Estimate for URI’s 2022 earnings rose to $31.73 per share from $31.66 in the past 30 days. The estimated figure suggests 43.8% year-over-year growth.
Dycom Industries, Inc. DY is benefiting from the higher demand for network bandwidth and mobile broadband, extended geography, proficient program management and network planning services. Dycom expects considerable opportunities across a broad array of customers.
Dycom, which currently sports a Zacks Rank #1, has expected earnings growth of 142.1% for fiscal 2023. The Zacks Consensus Estimate for DY’s 2022 earnings rose to $3.68 per share from $3.28 in the past 30 days.
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AECOM (ACM): Free Stock Analysis Report
United Rentals, Inc. (URI): Free Stock Analysis Report
Dycom Industries, Inc. (DY): Free Stock Analysis Report
Arcosa, Inc. (ACA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 19.7%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 19.7%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 19.7%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 19.7%. Arcosa, Inc. (ACA): Free Stock Analysis Report |
35343.0 | 2022-09-16 00:00:00 UTC | Installed Building (IBP) Looks Promising: Invest in the Stock | ACA | https://www.nasdaq.com/articles/installed-building-ibp-looks-promising%3A-invest-in-the-stock | nan | nan | Installed Building Products, Inc. IBP is poised to gain from the strong end-market demand, the continued success of local branches, asset-light business model and proficient acquisition strategies.
Shares of this residential insulation installer have gained 6% over the past three months compared with the Zacks Building Products - Miscellaneous industry’s 8.8% rise. Although shares of IBP have slightly underperformed its industry, the 2022 and 2023 earnings per share estimates for this Zacks Rank #2 (Buy) company have moved 4.1% and 7.5% upward over the past 30 days. This positive trend signifies bullish analysts’ sentiments, indicating robust fundamentals and the expectation of outperformance in the near term. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We believe that IBP offers a sound investment opportunity, as evident from its VGM Score of A.
Image Source: Zacks Investment Research
Let us delve deeper into other factors that make this stock a profitable pick.
What Makes the Stock an Attractive Pick?
Inorganic Moves: Acquisitions are an important part of Installed Building Products’ growth strategy. This led to the diversification of its geographies, end markets and products. The company maintains a robust pipeline of acquisition candidates that takes into account geographic expansion in the core residential insulation end market and acquisition opportunities that help in the continuation of end-market and end-product diversification strategies.
During the first six months of 2022, it completed three business combinations. The latest of these acquisitions was that of Pisgah Insulation and Fireplaces of NC, LLC, in March 2022.
Higher Return on Equity (ROE): Installed Building Products’ trailing 12-month ROE is indicative of growth potential. ROE for the trailing 12 months is 50.9%, much higher than the industry’s 5.7%, reflecting the company’s efficient usage of shareholders’ funds.
Solid Performance: The company has been capitalizing on strong end-market demand and the continued success of local branches, which prudently align selling prices with the value IBP offers its customers. Although interest rates continue to increase from historically low levels, the company remains optimistic, given the strong demand for installation services.
The company’s net revenues grew 38.7% year over year to $488.1 million during second-quarter 2022. Adjusted EBITDA grew 53.1% to $119.5 million from a year ago, backed by strong sales growth, improved gross margin and lower selling and administrative expenses (as a percent of net revenues).
Meanwhile, the company has also returned $59.3 million to shareholders in the second quarter through dividends and share repurchases.
Other Key Picks
Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets.
ACA’s expected earnings growth rate for 2022 is 19.7%. The Zacks Consensus Estimate for current-year earnings has improved to $2.31 per share from $2.08 over the past 30 days.
United Rentals, Inc. URI, presently sporting a Zacks Rank #1, has been benefiting from a broad-based recovery of activity across its end markets served. Higher margins from rental revenues and used equipment sales are added benefits.
The Zacks Consensus Estimate for URI’s 2022 earnings rose to $31.73 per share from $31.66 in the past 30 days. The estimated figure suggests 43.8% year-over-year growth.
Gibraltar Industries, Inc. ROCK, currently carrying a Zacks Rank #2, is benefiting from its three-pillar value creation strategy, a strong housing market and solid demand for legacy and TerraSmart businesses.
ROCK’s expected earnings growth rate for 2022 is 19.4%. The Zacks Consensus Estimate for current-year earnings has increased to $3.32 from $3.30 per share over the past 30 days.
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Gibraltar Industries, Inc. (ROCK): Free Stock Analysis Report
United Rentals, Inc. (URI): Free Stock Analysis Report
Installed Building Products, Inc. (IBP): Free Stock Analysis Report
Arcosa, Inc. (ACA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Other Key Picks Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 19.7%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Other Key Picks Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 19.7%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Other Key Picks Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 19.7%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Other Key Picks Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 19.7%. Arcosa, Inc. (ACA): Free Stock Analysis Report |
35344.0 | 2022-09-12 00:00:00 UTC | KBR Clinches Contract for Renewable Power System Upgrade | ACA | https://www.nasdaq.com/articles/kbr-clinches-contract-for-renewable-power-system-upgrade | nan | nan | KBR, Inc. KBR has entered into a contract with Odfjell for the development of a carbon-neutral, green ammonia-based power system for a semisubmersible drilling unit owned by the latter. Per the contract, KBR will carry out study for the development through a collaboration with Odfjell, Equinor and Wartsila.
The collaboration will assess the conversion of diesel generators on board drilling units to ammonia-fueled generators. Regarding the award, Jay Ibrahim, KBR president, Sustainable Technology Solutions, said, “We are excited to be a part of a collaborative effort that will fully integrate KBR's semisubmersible technology expertise, Wartsila’s power systems, and Odfjell's and Equinor's operations capabilities, all to deliver a carbon-neutral solution.”
KBR has been a global leader in the ammonia market for decades. The demand for the company’s technological innovations in ammonia for food productions, olefins for non-single-use plastics, and in refining for product diversification and more green solutions to meet tighter environmental standards has been robust.
The determination to lower emissions, product diversification, energy efficiency, and more sustainable technologies and solutions by KBR have been driving its performance. Shares of this global engineering, construction and services firm have advanced 2.2% year to date, outperforming the Zacks Engineering - R and D Services industry’s 12.2% decline.
Image Source: Zacks Investment Research
The Sustainable Technology Solutions segment continues to make progress in its profit growth strategy. However, technology business revenues decreased 7% year over year in first-half 2022 due to the company’s exit from commercial activities in Russia as well as the timing of certain ongoing projects.
Nonetheless, continuous contract wins, strong project execution, a high backlog level, and potential government as well as technology businesses. The Sustainable Technology Solutions segment booked $3.71 billion in backlog during second-quarter 2022 versus $2.35 billion at 2021 end. KBR currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Overall, as of Jun 30, 2022, the total backlog (including award options) was $19.21 billion compared to $19.71 billion at 2021 end. This solid backlog level depicts its underlying strength.
Key Picks
Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets.
ACA’s expected earnings growth rate for 2022 is 19.7%. The Zacks Consensus Estimate for current-year earnings has improved to $2.31 per share from $2.08 over the past 30 days.
United Rentals, Inc. URI, presently sporting a Zacks Rank #1, has been benefiting from a broad-based recovery of activity across its end markets served. Higher margins from rental revenues and used equipment sales are added benefits.
The Zacks Consensus Estimate for URI’s 2022 earnings rose to $31.73 per share from $31.66 in the past 30 days. The estimated figure suggests 43.8% year-over-year growth.
Gibraltar Industries, Inc. ROCK, currently carrying a Zacks Rank #2 (Buy), is benefiting from its three-pillar value creation strategy, a strong housing market and solid demand for legacy and TerraSmart businesses.
ROCK’s expected earnings growth rate for 2022 is 19.4%. The Zacks Consensus Estimate for current-year earnings has increased to $3.32 from $3.30 per share over the past 30 days.
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United Rentals, Inc. (URI): Free Stock Analysis Report
Arcosa, Inc. (ACA): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Key Picks Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 19.7%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Key Picks Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 19.7%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Key Picks Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 19.7%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Key Picks Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 19.7%. Arcosa, Inc. (ACA): Free Stock Analysis Report |
35345.0 | 2022-09-08 00:00:00 UTC | Reasons to Add Construction Partners (ROAD) to Your Portfolio | ACA | https://www.nasdaq.com/articles/reasons-to-add-construction-partners-road-to-your-portfolio | nan | nan | Construction Partners, Inc. ROAD has been riding high on the back of solid demand for infrastructure services throughout end markets in both the private and public sectors, consistent execution of its business model, and a growth strategy that defies labor, inflation and supply-chain challenges. Shares of this vertically integrated civil infrastructure company have gained 29.8% over the past three months against the industry’s 6.3% decline. Also, it has outperformed the S&P 500’s 2.7% decline in the said period.
Notably, earnings estimates for 2022 and 2023 have been upwardly revised by 27.3% and 10.7%, respectively, over the past 30 days, suggesting that sentiments on Construction Partners are moving in the right direction. Further, ROAD’s has a long-term earnings growth rate of 36.9%, making us confident of its inherent strength. Let’s delve deeper and find out what’s fueling this Zacks Rank #2 (Buy) stock. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Growth Drivers
Higher Infrastructural Spending
Construction Partners and other construction service providers are expected to benefit from strong global trends in infrastructure modernization, energy transition, national security, and a potential super-cycle in global supply-chain investments. A significant boost in infrastructural and public construction spending to underscore the need for rebuilding the nation’s deteriorating roads and bridges, and funding new climate resilience and broadband initiatives is a boon for ROAD.
Strong Growth Opportunities
Construction Partners’ organic and inorganic growth opportunities in the attractive Southeastern U.S. road construction/repair market are expected to help the company generate higher revenues. Revenues grew 43.8% year over year in the first nine months of fiscal 2022. The company’s fiscal third-quarter revenues grew 45.3% from the last year, leading to 29.7% growth in adjusted EBITDA.
The growth was fueled by strong operational performance and effective project execution throughout the markets served, via effectively utilizing hot mix asphalt plants and equipment, and continued strong demand for infrastructure services throughout end markets ROAD serves in both the private and public sectors. The company’s growth for the quarter consisted of approximately 25% organic revenues and 20% from the recent acquisitions.
Project backlog was $1.33 billion at Jun 30, 2022, reflecting an increase from $822.9 million at Jun 30, 2021 and $1.28 billion at Mar 31, 2022. The company’s healthy backlog is suggestive of strong revenue generation in the future.
Construction Partners has solid prospects, as evident from the Zacks Consensus Estimate of 26 cents earnings per share for the current quarter, indicating 73.3% year-over-year growth. Although the company’s earnings in fiscal 2022 are expected to show 7.7% growth, the same in fiscal 2023 is likely to grow a whopping 98.8% from the prior-year period.
Robust Acquisitions
Construction Partners has been bolstering inorganic growth and market expansion over the last few quarters. In August 2022, ROAD announced the acquisition of Southern Asphalt, a bolt-on to its South Carolina platform King Asphalt. This expands ROAD’s footprint into the dynamic Myrtle Beach metro area.The company has also added two hot-mix asphalt plants and more than 200 employees serving an area that is considered as the fastest growing markets in the nation, providing opportunities to bid on an attractive mix of public and commercial projects.
Upbeat View
Given solid top-line revenue performance in the third quarter, a record-high backlog and a strong project demand environment, ROAD has raised fiscal 2022 guidance. Revenues are expected in the range of $1.25 billion to $1.28 billion compared with $1.15-$1.20 billion expected earlier. Net income is now expected in the range of $17.5 million to $23.2 million versus an earlier projection of $14.5-$25.3 million. Adjusted EBITDA is now expected in the range of $108-$117 million versus $105-$120.3 million of the earlier projection.
Other Key Picks
Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets.
ACA’s expected earnings growth rate for 2022 is 7.8%. The Zacks Consensus Estimate for current-year earnings has improved 13.7% over the past 30 days.
United Rentals, Inc. URI, presently sporting a Zacks Rank #1 company, has been benefiting from a broad-based recovery of activity across end markets served. Also, higher margins from rental revenues and used equipment sales are added benefits.
The consensus mark for URI’s 2022 earnings rose to $31.73 per share from $31.03 in the past 30 days. The estimated figure suggests 43.8% year-over-year growth.
Gibraltar Industries, Inc. ROCK, currently carrying a Zacks Rank of 2, is benefiting from its three-pillar value creation strategy, the strong housing market and solid demand for legacy and TerraSmart businesses.
ROCK’s expected earnings growth rate for 2022 is 19.4%. The Zacks Consensus Estimate for current-year earnings has increased to $3.32 from $3.30 per share over the past 30 days.
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Gibraltar Industries, Inc. (ROCK): Free Stock Analysis Report
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Construction Partners, Inc. (ROAD): Free Stock Analysis Report
Arcosa, Inc. (ACA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Other Key Picks Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Other Key Picks Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Other Key Picks Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Other Key Picks Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report |
35346.0 | 2022-09-07 00:00:00 UTC | Has Arcosa (ACA) Outpaced Other Construction Stocks This Year? | ACA | https://www.nasdaq.com/articles/has-arcosa-aca-outpaced-other-construction-stocks-this-year | nan | nan | For those looking to find strong Construction stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Arcosa (ACA) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Construction sector should help us answer this question.
Arcosa is one of 101 individual stocks in the Construction sector. Collectively, these companies sit at #15 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Arcosa is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for ACA's full-year earnings has moved 13.7% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, ACA has returned 8.6% so far this year. In comparison, Construction companies have returned an average of -25.6%. This shows that Arcosa is o | Has Arcosa (ACA) been one of those stocks this year? Over the past three months, the Zacks Consensus Estimate for ACA's full-year earnings has moved 13.7% higher. Based on the most recent data, ACA has returned 8.6% so far this year. | Has Arcosa (ACA) been one of those stocks this year? Over the past three months, the Zacks Consensus Estimate for ACA's full-year earnings has moved 13.7% higher. Based on the most recent data, ACA has returned 8.6% so far this year. | Has Arcosa (ACA) been one of those stocks this year? Over the past three months, the Zacks Consensus Estimate for ACA's full-year earnings has moved 13.7% higher. Based on the most recent data, ACA has returned 8.6% so far this year. | Has Arcosa (ACA) been one of those stocks this year? Over the past three months, the Zacks Consensus Estimate for ACA's full-year earnings has moved 13.7% higher. Based on the most recent data, ACA has returned 8.6% so far this year. |
35347.0 | 2022-09-07 00:00:00 UTC | Primoris (PRIM) Secures $120M Pipeline Deal, Boosts Backlog | ACA | https://www.nasdaq.com/articles/primoris-prim-secures-%24120m-pipeline-deal-boosts-backlog | nan | nan | Primoris Services Corporation’s PRIM Pipeline Services unit has secured a contract for the construction of 60 miles of pipeline in Texas.
Shares of this leading specialty contractor slipped 2.6% during the trading session on Sep 6. Yet, shares gained 2.7% in the after-hours trading session on the same day.
The contract, valued at $120 million is expected to be completed in the second quarter of 2023. Work under this pipeline contract is slated to begin in the third quarter of 2022.
Contract Wins & Solid Backlog Bode Well
Primoris — a Zacks Rank #2 (Buy) company — has been reaping benefits from strong project Primoris execution. Its continuous contract wins and solid backlog level are testimony to the fact. Last month, Primoris received a solar project contract worth $270 million. The contract was received by the Energy/Renewables segment. The project will add approximately 500-3,900 megawatts of solar power projects, which the company currently has under construction. In July, it received a heavy civil project of more than $170 million from the Texas Department of Transportation. In June, it won a solar project contract. The contract, worth $260 million was won by the Energy/Renewables segment.
As of Jun 30, 2022, the company reported a record backlog of $4.572 billion, representing an increase of 59% from a year ago. The company expects to generate 76% of the total backlog as revenues during the next four quarters. This comprises backlog of 100% of Utilities, 62% of Energy/Renewables and 100% of Pipeline.
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Shares of Primoris have underperformed the Zacks Building Products - Heavy Construction industry year to date. Despite macroeconomic woes, the company is likely to benefit from solid performance across the two segments — Utility and Energy/Renewables. Biden’s renewable energy drive and higher infrastructural spending are expected to drive growth for the company.
Other Key Picks
Arcosa, Inc. ACA, currently sporting a Zacks Rank #1 (Strong Buy), is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets.
ACA’s expected earnings growth rate for 2022 is 7.8%. The Zacks Consensus Estimate for current-year earnings has improved 13.7% over the past 30 days.
You can see the complete list of today’s Zacks #1 Rank stocks here.
United Rentals, Inc. URI, a Zacks Rank #1 company, has been benefiting from a broad-based recovery of activity across end markets served. Also, higher margins from rental revenues and used equipment sales are added benefits.
The consensus mark for URI’s 2022 earnings rose to $31.73 per share from $31.03 in the past 30 days. The estimated figure suggests 43.8% year-over-year growth.
Gibraltar Industries, Inc. ROCK, currently carrying a Zacks Rank of 2, is benefiting from its three-pillar value creation strategy, the strong housing market and solid demand for legacy and TerraSmart businesses.
ROCK’s expected earnings growth rate for 2022 is 19.4%. The Zacks Consensus Estimate for current-year earnings has increased to $3.32 from $3.30 per share over the past 30 days.
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Gibraltar Industries, Inc. (ROCK): Free Stock Analysis Report
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Primoris Services Corporation (PRIM): Free Stock Analysis Report
Arcosa, Inc. (ACA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Other Key Picks Arcosa, Inc. ACA, currently sporting a Zacks Rank #1 (Strong Buy), is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Other Key Picks Arcosa, Inc. ACA, currently sporting a Zacks Rank #1 (Strong Buy), is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Other Key Picks Arcosa, Inc. ACA, currently sporting a Zacks Rank #1 (Strong Buy), is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Other Key Picks Arcosa, Inc. ACA, currently sporting a Zacks Rank #1 (Strong Buy), is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report |
35348.0 | 2022-09-03 00:00:00 UTC | Don't Ignore The Fact That This Insider Just Sold Some Shares In Arcosa, Inc. (NYSE:ACA) | ACA | https://www.nasdaq.com/articles/dont-ignore-the-fact-that-this-insider-just-sold-some-shares-in-arcosa-inc.-nyse%3Aaca | nan | nan | We wouldn't blame Arcosa, Inc. (NYSE:ACA) shareholders if they were a little worried about the fact that Antonio Carrillo, the President recently netted about US$2.3m selling shares at an average price of US$58.54. However, it's crucial to note that they remain very much invested in the stock and that sale only reduced their holding by 9.8%.
Arcosa Insider Transactions Over The Last Year
In fact, the recent sale by Antonio Carrillo was the biggest sale of Arcosa shares made by an insider individual in the last twelve months, according to our records. So we know that an insider sold shares at around the present share price of US$56.38. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.
Insiders in Arcosa didn't buy any shares in the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
NYSE:ACA Insider Trading Volume September 3rd 2022
I will like Arcosa better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.
Insider Ownership Of Arcosa
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Arcosa insiders own about US$44m worth of shares. That equates to 1.6% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Does This Data Suggest About Arcosa Insiders?
Insiders sold stock recently, but they haven't been buying. Looking to the last twelve months, our data doesn't show any insider buying. But it is good to see that Arcosa is growing earnings. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We're in no rush to buy! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. In terms of investment risks, we've identified 1 warning sign with Arcosa and understanding this should be part of your investment process.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | We wouldn't blame Arcosa, Inc. (NYSE:ACA) shareholders if they were a little worried about the fact that Antonio Carrillo, the President recently netted about US$2.3m selling shares at an average price of US$58.54. NYSE:ACA Insider Trading Volume September 3rd 2022 I will like Arcosa better if I see some big insider buys. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign. | We wouldn't blame Arcosa, Inc. (NYSE:ACA) shareholders if they were a little worried about the fact that Antonio Carrillo, the President recently netted about US$2.3m selling shares at an average price of US$58.54. NYSE:ACA Insider Trading Volume September 3rd 2022 I will like Arcosa better if I see some big insider buys. Arcosa Insider Transactions Over The Last Year In fact, the recent sale by Antonio Carrillo was the biggest sale of Arcosa shares made by an insider individual in the last twelve months, according to our records. | NYSE:ACA Insider Trading Volume September 3rd 2022 I will like Arcosa better if I see some big insider buys. We wouldn't blame Arcosa, Inc. (NYSE:ACA) shareholders if they were a little worried about the fact that Antonio Carrillo, the President recently netted about US$2.3m selling shares at an average price of US$58.54. Arcosa Insider Transactions Over The Last Year In fact, the recent sale by Antonio Carrillo was the biggest sale of Arcosa shares made by an insider individual in the last twelve months, according to our records. | We wouldn't blame Arcosa, Inc. (NYSE:ACA) shareholders if they were a little worried about the fact that Antonio Carrillo, the President recently netted about US$2.3m selling shares at an average price of US$58.54. NYSE:ACA Insider Trading Volume September 3rd 2022 I will like Arcosa better if I see some big insider buys. Insiders in Arcosa didn't buy any shares in the last year. |
35349.0 | 2022-09-01 00:00:00 UTC | Howmet (HWM) Shares Increase 11% YTD: What's Driving it? | ACA | https://www.nasdaq.com/articles/howmet-hwm-shares-increase-11-ytd%3A-whats-driving-it | nan | nan | Shares of Howmet Aerospace HWM have gained 11.3% in the year-to-date period, outperforming the industry’s 2% decrease. Recovery in the commercial aerospace end market and strength in industrial gas turbine and oil and gas end markets are driving the stock higher.
Image Source: Zacks Investment Research
Howmet is benefiting from continued recovery in the commercial aerospace end market, owing to recovery in narrow-body. Revenues from commercial aerospace jumped 34% year over year. Strength in the commercial aerospace market is driving revenues at the Engine Products (up 20% year over year in the second quarter), Fastening Systems (up 6% year over year) and Engineered Structures (up 16% year over year) segments. Higher aluminum prices and volumes are supporting growth of the Forged Wheels (up 22% year over year) segment.
The company expects the commercial aerospace recovery to continue, backed by improvement in narrow-body production rates. This is expected to drive performance in 2022. Strength in industrial gas turbine and oil and gas end markets is likely to aid performance in 2022.
Sustained improvement in margin despite inflationary pressure also drove the stock higher. Despite raw material cost inflation, adjusted EBITDA margin improved to 27.5% in the second quarter from 23.9% in the year-ago quarter. The same improved to 27.4% in the first quarter from 24.7% in the year-ago quarter. Cost-control measures, efficiency gains and pricing actions are supporting the company’s margin performance.
Howmet’s projections for the third quarter of 2022 and the full year are encouraging. For the third quarter, HWM anticipates revenues of $1.425-$1.455 billion, with a mid-point of $1.44 billion. The mid-point of the guided range is higher than $1.283 billion reported in the year-ago quarter. For 2022, the company anticipates revenues of $5.645-$5.715 billion, with the mid-point pegged at $5.680 billion. The mid-point is higher than $4.972 billion reported in 2021.
Howmet’s measures to consistently reward its shareholders through dividends and share buybacks also boosted its shares. The company paid out dividends of $18 million in the first six months compared with $1 million in the year-ago period. Also, it repurchased shares worth $235 million in the first six months compared with a $200-million buyback made a year ago.
Zacks Rank & Key Picks
Howmet carries a Zacks Rank #3 (Hold). Some better-ranked stocks within the broader Construction sector are as follows:
Arcosa ACA sports a Zacks Rank #1 (Strong Buy). ACA pulled a trailing four-quarter earnings surprise of 56.5% on average. You can see the complete list of today’s Zacks #1 Rank stocks.
Arcosa has an estimated earnings growth rate of 7.8% for the current year. Shares of the company have rallied 10.9% in the year-to-date period.
Dycom Industries DY flaunts a Zacks Rank #1. DY delivered a trailing four-quarter earnings surprise of 140%, on average.
Dycom Industries has an estimated earnings growth rate of 134.2% for the current year. Shares of the company have gained 20% in the year-to-date period.
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Dycom Industries, Inc. (DY): Free Stock Analysis Report
Arcosa, Inc. (ACA): Free Stock Analysis Report
Howmet Aerospace Inc. (HWM): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arcosa ACA sports a Zacks Rank #1 (Strong Buy). ACA pulled a trailing four-quarter earnings surprise of 56.5% on average. Arcosa, Inc. (ACA): Free Stock Analysis Report | Arcosa ACA sports a Zacks Rank #1 (Strong Buy). ACA pulled a trailing four-quarter earnings surprise of 56.5% on average. Arcosa, Inc. (ACA): Free Stock Analysis Report | Arcosa ACA sports a Zacks Rank #1 (Strong Buy). ACA pulled a trailing four-quarter earnings surprise of 56.5% on average. Arcosa, Inc. (ACA): Free Stock Analysis Report | Arcosa ACA sports a Zacks Rank #1 (Strong Buy). ACA pulled a trailing four-quarter earnings surprise of 56.5% on average. Arcosa, Inc. (ACA): Free Stock Analysis Report |
35350.0 | 2022-09-01 00:00:00 UTC | AECOM (ACM) Gains From Infrastructural Spending Amid Challenges | ACA | https://www.nasdaq.com/articles/aecom-acm-gains-from-infrastructural-spending-amid-challenges | nan | nan | AECOM ACM is well-poised to capitalize on record infrastructure funding. The company has been gaining strength from high-returning organic growth opportunities, proficient business collaborations to win transformation projects, a disciplined capital allocation policy and record design backlog.
Shares of this leading solutions provider for supporting professional, technical and management solutions have gained 9.8% over the past year, outperforming the Zacks Engineering - R and D Services industry’s 2.4% decline.
However, the cyclical nature of the business and uncertain political and economic conditions are risks for this Zacks Rank #3 (Hold) company. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Image Source: Zacks Investment Research
Let us delve into the growth drivers.
Strong Wins and Backlog: AECOM’s solid backlog level depicts good visibility of growth and pipelines for the upcoming quarters. Contracted backlog, one of the best leading indicators for future growth, increased 17% in the third-quarter fiscal 2022, and the total backlog increased to $41.1 billion from $39.69 billion reported in the prior-year quarter, and the growth includes 10% growth in the design business.
ACM’s earnings growth is also a key factor in stock valuation. The Zacks Consensus Estimate for fiscal 2022 earnings of $3.46 per share calls for 22.7% year-over-year growth. The solid growth rate depicts the stock's promising future.
Higher Infrastructural Spending: Strengthening funding backdrop backed by the benefits from the $1.2-trillion infrastructure bill in the United States, AECOM expects backlog to grow continuously. In the United States, the $1.2-trillion Infrastructure and Jobs Act marks a generational investment in America's infrastructure. This bill provides the much-needed long-term funding certainty across the company’s strongest end markets, such as transit modernization, electrification, environmental remediation and climate resilience. Also, the U.S. government passed its fiscal 2022 Omnibus Budget in March, which creates optimism around the pace of growth for AECOM’s government clients in the country in the second half of fiscal 2022 and fiscal 2023.
The company’s net service revenues or NSR — defined as revenues excluding subcontractor and other direct costs — have been benefiting from strength across core transportation, water and environment markets. NSR for the third quarter of fiscal 2022 increased 6%, marking the sixth consecutive quarter of accelerating organic growth.
Superior ROE: AECOM’s superior return on equity (ROE) is also indicative of growth potential. The company’s ROE currently stands at 18.3%. This compares favorably with a ROE of 10.8% for the industry it belongs to. This indicates efficiency in using its shareholders’ funds and AECOM’s ability to generate profit with minimum capital usage.
Headwinds
AECOM’s business is affected by uncertain global political and economic conditions. For instance, the economic slowdown in China poses a major threat to the company’s growth. In Mainland China, the ongoing COVID-induced uncertainties and policies continue to impact AECOM.
Moreover, economic downturns affect client spending, which poses a major headwind for the company’s future. As the company operates across multiple geographies, factors like changes in the United States’ and other national governments’ trade policies, regulatory practices, tariffs and taxes, further devaluations and other conversion restrictions and logistical & communication challenges impact the company’s financials.
3 Better-Ranked Construction Stocks Hogging the Limelight
Better-ranked stocks, which warrant a look in the Construction sector, include Arcosa ACA, United Rentals URI and Dycom Industries, Inc. DY.
Arcosa — sporting a Zacks Rank #1 — is a manufacturer of infrastructure-related products and services which serves construction, energy and transportation markets.
ACA’s expected earnings growth rate for fiscal 2022 is 7.8%. The Zacks Consensus Estimate for current-year earnings has improved 13.7% over the past 30 days.
United Rentals — currently flaunting a Zacks Rank #1 — is the largest equipment rental company in the world.
URI’s expected earnings growth rate for 2022 is 43.8%. The Zacks Consensus Estimate for current-year earnings has improved 6.4% over the past 30 days.
Dycom — a Zacks Rank #1 company — a specialty contracting firm operating in the telecom industry. It has been gaining from higher demand, extended geographic reach and proficient program management and network planning services.
Dycom’s earnings for the current fiscal year are expected to grow by 134.2%.
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AECOM (ACM): Free Stock Analysis Report
United Rentals, Inc. (URI): Free Stock Analysis Report
Dycom Industries, Inc. (DY): Free Stock Analysis Report
Arcosa, Inc. (ACA): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | 3 Better-Ranked Construction Stocks Hogging the Limelight Better-ranked stocks, which warrant a look in the Construction sector, include Arcosa ACA, United Rentals URI and Dycom Industries, Inc. DY. ACA’s expected earnings growth rate for fiscal 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report | 3 Better-Ranked Construction Stocks Hogging the Limelight Better-ranked stocks, which warrant a look in the Construction sector, include Arcosa ACA, United Rentals URI and Dycom Industries, Inc. DY. ACA’s expected earnings growth rate for fiscal 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report | 3 Better-Ranked Construction Stocks Hogging the Limelight Better-ranked stocks, which warrant a look in the Construction sector, include Arcosa ACA, United Rentals URI and Dycom Industries, Inc. DY. ACA’s expected earnings growth rate for fiscal 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report | ACA’s expected earnings growth rate for fiscal 2022 is 7.8%. 3 Better-Ranked Construction Stocks Hogging the Limelight Better-ranked stocks, which warrant a look in the Construction sector, include Arcosa ACA, United Rentals URI and Dycom Industries, Inc. DY. Arcosa, Inc. (ACA): Free Stock Analysis Report |
35351.0 | 2022-08-30 00:00:00 UTC | Can GMS be Able to Retain Beat Streak This Earnings Season? | ACA | https://www.nasdaq.com/articles/can-gms-be-able-to-retain-beat-streak-this-earnings-season | nan | nan | GMS Inc. GMS is scheduled to report first-quarter fiscal 2023 results on Sep 1, before the market opens.
In the last reported quarter, the company’s earnings beat the Zacks Consensus Estimate by 11.8% and rose 95.3% year over year. Net sales also topped the consensus mark by 1.9% and improved 38.2% year over year.
GMS’ earnings topped the consensus mark in each of the last 13 quarters.
The Trend in Estimate Revision
For the quarter to be reported, the Zacks Consensus Estimate for earnings per share remained stable at $2.27 in the past 60 days. The estimated figure indicates a 35.9% increase from the year-ago quarter’s level. The consensus mark for net sales is pegged at $1.37 billion, suggesting a 31% increase from the year-ago reported figure.
GMS Inc. Price and EPS Surprise
GMS Inc. price-eps-surprise | GMS Inc. Quote
Key Factors to Note
Despite the ongoing raw material and labor inflation and supply chain woes, GMS is likely to have benefited from strong sale growth in all four major product categories, including Wallboard, Steel Framing, Ceilings and Complementary Products. GMS has been witnessing product inflation and volume growth in Wallboard, Ceilings and Complementary Products.
Overall, strong residential end markets, favorable pricing across product categories and acquisitions are expected to have contributed to its top line in the quarter to be reported.
The company expects to generate year-over-year sales growth of 30% and organic sales growth in low 20% range for the quarter. GMS anticipates gross margin in-line with prior year, and incremental adjusted EBITDA margin in the range of 12%. Gross margins are expected to have benefited from higher prices in wallboard, partially ailed from higher steel prices.
The Zacks Consensus Estimate for Ceiling products’ sales is pegged at $171 million, up from $141 million reported a year ago. The same for Steel products is pegged at $293 million, reflecting a rise from $196 million year over year.
The consensus mark for sales of Wallboard products is pegged at $513 million. This came in at $390 million a year ago. The same for Complementary Products is pegged at $392 million versus $318 million reported a year ago.
Per the consensus mark, Ceiling and Wallboard products’ organic sales are likely to grow 7.8% and 85.7%, respectively. The same for Steel and Complementary Products’ organic sales are likely to fall 36.2% and 44.8%, respectively.
What the Zacks Model Unveils
Our proven model doesn’t conclusively predict an earnings beat for GMS this time around. That is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. This is not the case here.
Earnings ESP: The company has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, GMS carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks to Consider
Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets.
ACA’s expected earnings growth rate for 2022 is 7.8%. The Zacks Consensus Estimate for current-year earnings has improved 13.7% over the past 30 days.
Gibraltar Industries, Inc. ROCK, currently carrying a Zacks Rank of 2, is benefiting from its three-pillar value creation strategy, the strong housing market and solid demand for legacy and TerraSmart businesses.
ROCK’s expected earnings growth rate for 2022 is 18.7%. The Zacks Consensus Estimate for current-year earnings has remained stable over the past 60 days.
Primoris Services Corporation PRIM, a Zacks Rank #2 company, is a specialty contractor company operating in the United States and Canada. A robust backlog of more than $4 billion and solid contract awards in the Energy/Renewables and Utilities segments imply incredible momentum in the future despite supply-chain and permitting challenges. Utility-scale solar projects continued to drive progress in the Energy/Renewables segment.
PRIM’s earnings for 2022 are expected to grow 18.4%. The Zacks Consensus Estimate for current-year earnings has improved 4% in the past 30 days.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
How to Profit from the Hot Electric Vehicle Industry
Global electric car sales in 2021 more than doubled their 2020 numbers. And today, the electric vehicle (EV) technology and very nature of the business is changing quickly. The next push for future technologies is happening now and investors who get in early could see exceptional profits.
See Zacks' Top Stocks to Profit from the EV Revolution >>
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Gibraltar Industries, Inc. (ROCK): Free Stock Analysis Report
Primoris Services Corporation (PRIM): Free Stock Analysis Report
GMS Inc. (GMS): Free Stock Analysis Report
Arcosa, Inc. (ACA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks to Consider Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Stocks to Consider Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Stocks to Consider Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Stocks to Consider Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report |
35352.0 | 2022-08-30 00:00:00 UTC | Quanex (NX) to Report Q3 Earnings: What's in the Store? | ACA | https://www.nasdaq.com/articles/quanex-nx-to-report-q3-earnings%3A-whats-in-the-store | nan | nan | Quanex Building Products Corporation NX is scheduled to report third-quarter fiscal 2022 results on Sep 1, after the closing bell.
In the last reported quarter, the company’s earnings beat the Zacks Consensus Estimate by 77.8% and rose 86% year over year. Net sales also topped the consensus mark by 12.2% and increased 19.4% year over year.
NX’s earnings topped the consensus mark in six of the last seven quarters.
The Trend in Estimate Revision
For the quarter to be reported, the Zacks Consensus Estimate for earnings per share remained stable at 62 cents in the past 60 days. The estimated figure indicates a 47.6% increase from the year-ago quarter’s level. The consensus mark for net sales is pegged at $301.1 million, suggesting a 7.6% increase from the year-ago reported figure.
Quanex Building Products Corporation Price and EPS Surprise
Quanex Building Products Corporation price-eps-surprise | Quanex Building Products Corporation Quote
Key Factors to Note
Quanex’s fiscal third-quarter revenues are expected to have improved primarily on solid demand for the company’s products and pass-through pricing strategy. Also, the company’s robust business strategy and cost-containment efforts are likely to have driven growth in the quarter to be reported.
Quanex, the manufacturer of window and cabinet components, has been witnessing solid demand for its products, mainly backed by strong North American residential housing market. The company is likely to have witnessed revenue growth in the North American Fenestration, North American Cabinet Components and European Fenestration segments in the fiscal third quarter.
The Zacks Consensus Estimate for NA Fenestration’ sales is pegged at $164 million, which indicates growth of 10.8% year over year. The same for EU Fenestration sales is currently pegged at $74 million, which suggests an improvement of 4.2% from the prior-year quarter’s levels. The consensus mark for the NA Cabinet Components segment sales is currently pegged at $65 million, suggesting year-over-year growth of 4.8%.
However, increased inflationary pressures on most of its key raw material inputs and labor remain potent headwinds for the company.
What the Zacks Model Unveils
Our proven model doesn’t conclusively predict an earnings beat for Quanex this time around. That is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. This is not the case here.
Earnings ESP: The company has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, Otis carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks to Consider
Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets.
ACA’s expected earnings growth rate for 2022 is 7.8%. The Zacks Consensus Estimate for current-year earnings has improved 13.7% over the past 30 days.
Gibraltar Industries, Inc. ROCK, currently carrying a Zacks Rank of 2, is benefiting from its three-pillar value creation strategy, the strong housing market and solid demand for legacy and TerraSmart businesses.
ROCK’s expected earnings growth rate for 2022 is 18.7%. The Zacks Consensus Estimate for current-year earnings has remained stable over the past 60 days.
Primoris Services Corporation PRIM, a Zacks Rank #2 company, is a specialty contractor company operating in the United States and Canada. A robust backlog of more than $4 billion and solid contract awards in the Energy/Renewables and Utilities segments imply incredible momentum in the future despite supply-chain and permitting challenges. Utility-scale solar projects continued to drive progress in the Energy/Renewables segment.
PRIM’s earnings for 2022 are expected to grow 18.4%. The Zacks Consensus Estimate for current-year earnings improved 4% in the past 30 days.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
How to Profit from the Hot Electric Vehicle Industry
Global electric car sales in 2021 more than doubled their 2020 numbers. And today, the electric vehicle (EV) technology and very nature of the business is changing quickly. The next push for future technologies is happening now and investors who get in early could see exceptional profits.
See Zacks' Top Stocks to Profit from the EV Revolution >>
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Quanex Building Products Corporation (NX): Free Stock Analysis Report
Gibraltar Industries, Inc. (ROCK): Free Stock Analysis Report
Primoris Services Corporation (PRIM): Free Stock Analysis Report
Arcosa, Inc. (ACA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks to Consider Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Stocks to Consider Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Stocks to Consider Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Stocks to Consider Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report |
35353.0 | 2022-08-29 00:00:00 UTC | Acuity Brands (AYI) Outpaces Industry: Innovation Drive Growth | ACA | https://www.nasdaq.com/articles/acuity-brands-ayi-outpaces-industry%3A-innovation-drive-growth | nan | nan | Acuity Brands, Inc. AYI has been rallying on innovative lighting solutions, energy-efficient luminaries, business re-alignment and cost-control measures. Strategic initiatives to transform the business supported revenue growth and cost-saving moves helped margins to gain further in the past quarters.
In the past three months, the stock has strongly outperformed the Zacks Building Products - Lighting industry.
However, extensive research and development involve high costs. Although the incremental cost of the technology is relatively low, the real cost of installation of that technology is still growing. Again, inflation and higher cost of the inputs could dampen its overall results. The industry is going through supply chain challenges and the rising cost of some components.
The Zacks consensus estimates for this manufacturer and distributor of lighting fixtures’ earnings in fiscal 2022 have moved up 3.4% in the past 30 days to $12.33 per share. This suggests 21.4% year-over-year growth.
Image Source: Zacks Investment Research
Let’s check out the factors mitigating these headwinds and allowing this Zacks Rank #3 (Hold) company to grow further. It is to be noted that earnings topped analysts’ expectations in the trailing eight quarters, depicting optimism surrounding its prospects.
Factors Driving Growth
Diversified Portfolio of Lighting Solutions/Luminaries: Acuity Brands keeps on diversifying its product portfolio through continuous innovation of energy-efficient luminaries and lighting control solutions. In response to the rapidly-changing market trends, Acuity Brands is continually expanding its portfolio of innovative lighting control solutions and energy-efficient luminaries.
The company’s focus on innovation through product vitality and increasing service levels for the benefit of customers has delivered strong results. Acuity Brands’ vitality efforts include improvements to existing products and the introduction of new ones. The company mainly focuses on three areas. First, by focusing on strategic supplier relationships; second, by empowering its teams to prioritize access and speed over cost on available components; lastly, by redesigning products to the available components by its highly-skilled engineers. Acuity Brands introduced around 220 new and upgraded many lighting and lighting control products over the last two years.
The company also focuses on reducing customer energy consumption, reducing packaging and waste, and improving transportation efficiency. It announced a new initiative that brings together both technology and sustainability to significantly reduce paper use by introducing scannable QR code instructions across its products. Acuity Brands has expanded its capabilities to provide a broad portfolio of leading germicidal UV products.
Strategic Initiatives: Acuity Brands is working on various strategies to achieve consistent sales and earnings growth. It has reorganized the business into two units: Acuity Brands Lighting and Lighting Controls "ABL" and Intelligent Spaces Group "ISG". ABL includes lighting, lighting controls and components businesses, and ISG offers building management systems as well as location-aware applications, including Distech and Atrius. Through the beginning of fiscal 2022, the company’s Trevor and the rest of the ABL team continue to focus on high product vitality, elevate service levels, and use technologies to differentiate its performance from others. For ISG, the company mainly focuses on technologies to solve problems in spaces by making them smarter, safer and greener.
Also, it has undertaken various cost-saving actions like price increases and reductions in other costs that are expected to improve margins. For first-quarter fiscal 2022, adjusted operating margin expanded 120 bps year over year.
Expansion Via Acquisition: Acuity Brands focuses on expanding geographic borders via acquisitions and joint ventures. On Jul 1, 2021, it announced the intention of acquiring a developer and manufacturer of lighting components — ams OSRAM’s North American Digital Systems business. Earlier, on May 18, Acuity Brands acquired Rockpile Ventures — an accelerator of Edge artificial intelligence startups.
Superior ROE: Acuity Brands’ superior return on equity (ROE) is also indicative of its growth potential. The company’s ROE currently stands at 19.8%, almost three times the industry’s 6.7%. This indicates efficiency in using its shareholders’ funds and AYI’s ability to generate profit with minimum capital usage.
Key Picks
Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets.
ACA’s expected earnings growth rate for 2022 is 7.8%. The Zacks Consensus Estimate for current-year earnings has improved 13.7% over the past 30 days.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Gibraltar Industries, Inc. ROCK, currently carrying a Zacks Rank of 2 (Buy), is benefiting from its three-pillar value creation strategy, the strong housing market and solid demand for legacy and TerraSmart businesses.
ROCK’s expected earnings growth rate for 2022 is 18.7%. The Zacks Consensus Estimate for current-year earnings has remained stable over the past 60 days.
Primoris Services Corporation PRIM, a Zacks Rank #2 company, is a specialty contractor company operating in the United States and Canada. A robust backlog of more than $4 billion and solid contract awards in the Energy/Renewables and Utilities segments imply incredible momentum in the future despite supply-chain and permitting challenges. Utility-scale solar projects continued to drive progress in the Energy/Renewables segment.
PRIM’s earnings for 2022 are expected to grow 18.4%. The Zacks Consensus Estimate for current-year earnings has improved 4% in the past 30 days.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.8% per year. So be sure to give these hand-picked 7 your immediate attention.
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Gibraltar Industries, Inc. (ROCK): Free Stock Analysis Report
Primoris Services Corporation (PRIM): Free Stock Analysis Report
Acuity Brands Inc (AYI): Free Stock Analysis Report
Arcosa, Inc. (ACA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Key Picks Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Key Picks Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Key Picks Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Key Picks Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report |
35354.0 | 2022-08-29 00:00:00 UTC | Watsco (WSO) Gains Amid Industry 12% Fall in a Year: Here's Why | ACA | https://www.nasdaq.com/articles/watsco-wso-gains-amid-industry-12-fall-in-a-year%3A-heres-why | nan | nan | Watsco, Inc. WSO shares have moved up 1.1% in a year against the Zacks Building Products - Air Conditioner and Heating industry’s almost 12% fall, the Zacks Construction sector’s 17.7% decline and S&P 500’s 11.7% decrease.
This Zacks Rank #3 (Hold) company has been gaining strength from its continuous investment in industry-leading technologies, accretive acquisitions and a consistent focus on rewarding customers. Also, its gradual transformation from manual processes to a completely digital platform is gaining traction.
However, the construction sector is grappling with intense inflation, supply chain disruption and labor woes. This apart, Watsco is investing a heavy amount in technology deployment, which is ultimately increasing costs. Also, seasonality and competitive pressure are concerns.
Image Source: Zacks Investment Research
Defying these odds, let’s discuss the factors in detail on which Watsco has been riding high.
Four Factors Favoring the Growth Trajectory
Increased Investment in Technology: As the digital era progresses, speed, productivity and efficiency will be more critical. On that note, Watsco is investing in technologies to improve customer experience through e-commerce. It is using various new technologies to transform the homeowner experience, which will help the company expand its customer base.
Currently, it has the industry’s largest database of digitized product information, with nearly 1.2 million SKUs being used by more than 350,000 technical contractors and technicians annually via the Product Information Management (PIM) database. Also, its Contractor Assist Mobile apps provide customers with real-time access to critical information that improves their speed and productivity. The authenticated user community grew 27% during the second quarter to more than 32,000 users.
Driven by various technology platforms, e-commerce sales were up nearly 25% in the first half of 2022 from the comparable year-ago period. E-commerce sales outpaced $2.2 billion for the trailing 12 months period and account for 33% of total sales, including acquired revenues. Watsco has boosted its annualized technology spending to $48 million.
Accretive Buyouts: Acquisitions have been Watsco’s preferred mode of solidifying its product portfolio and leveraging new business opportunities in a bid to increase its customer base and profitability. The company focuses on partnering with businesses focused on the HVAC/R industry. Watsco’s revenues in HVAC/R distribution grew to $6.3 billion in 2021 from $64.1 million in 1989, mainly buoyed by the strategic acquisition of companies with established market positions.
On Aug 20, 2021, one of its wholly-owned subsidiaries acquired Makdad Industrial Supply Co., Inc. Makdad is a distributor of air conditioning and heating products operating from six locations in Pennsylvania.
Strong Liquidity, Rewarding Shareholders: Watsco has a strong balance sheet position and enough liquidity to manage the persistent crisis. The company ended second-quarter 2022 with cash and cash equivalents of $129 million versus $118.3 million at 2021-end. The company has sufficient funds to meet the short-term obligation of $88.6 million.
Watsco has been rewarding shareholders on a timely basis for 48 consecutive years via share repurchases and dividends. Watsco has been focused on sharing its cash flows with shareholders along with maintaining a strong financial position. The company has increased dividends in 20 of the last 21 years. In February 2022, the board of directors raised the annual dividend by 13% to $8.80 per share, effective April 2022.
Superior ROE: Watsco’s superior return on equity (ROE) is also indicative of its growth potential. The company’s ROE currently stands at 25.3% compared with the industry’s 15.9%. This indicates efficiency in using its shareholders’ funds and Watsco’s ability to generate profit with minimum capital usage.
Key Picks
Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets.
ACA’s expected earnings growth rate for 2022 is 7.8%. The Zacks Consensus Estimate for current-year earnings has improved 13.7% over the past 30 days.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Gibraltar Industries, Inc. ROCK, currently carrying a Zacks Rank of 2 (Buy), is benefiting from its three-pillar value creation strategy, the strong housing market and solid demand for legacy and TerraSmart businesses.
ROCK’s expected earnings growth rate for 2022 is 18.7%. The Zacks Consensus Estimate for current-year earnings has remained stable over the past 60 days.
Primoris Services Corporation PRIM, a Zacks Rank #2 company, is a specialty contractor company operating in the United States and Canada. A robust backlog of more than $4 billion and solid contract awards in the Energy/Renewables and Utilities segments imply incredible momentum in the future despite supply-chain and permitting challenges. Utility-scale solar projects continued to drive progress in the Energy/Renewables segment.
PRIM’s earnings for 2022 are expected to grow 18.4%. The Zacks Consensus Estimate for current-year earnings has improved 4% in the past 30 days.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.8% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Watsco, Inc. (WSO): Free Stock Analysis Report
Gibraltar Industries, Inc. (ROCK): Free Stock Analysis Report
Primoris Services Corporation (PRIM): Free Stock Analysis Report
Arcosa, Inc. (ACA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Key Picks Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Key Picks Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Key Picks Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Key Picks Arcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report |
35355.0 | 2022-08-29 00:00:00 UTC | Dycom (DY) Rallies 33.9% in 6 Months: Will the Rally Last? | ACA | https://www.nasdaq.com/articles/dycom-dy-rallies-33.9-in-6-months%3A-will-the-rally-last | nan | nan | Dycom Industries, Inc. DY has been gaining from fiber network deployment and higher demand from broad constructions or enhancement of significant wireline networks across broad sections of the country to provide gigabit network speeds to individual consumers and businesses either directly or through a wireless mode using 5G technologies.
Although macroeconomic effects and supply constraints might influence the near-term execution of some customer plans, shares of Dycom have been gaining from the industry tailwinds. This Palm Beach Gardens, FL-based specialty contracting service provider’s shares have risen 33.9% in the past six months, outperforming the Zacks Building Products - Heavy Construction industry’s 6.3% rise.
The fiscal 2023 earnings estimates for this Zacks Rank #1 (Strong Buy) company have moved 8.5% upward over the past seven days. This positive trend signifies bullish analysts’ sentiments, indicating robust fundamentals and the expectation of outperformance in the near term. You can see the complete list of today’s Zacks #1 Rank stocks here.
Image Source: Zacks Investment Research
Let’s delve deeper into the major driving factors.
Fiber Network Deployment: Nowadays, key industry players, like Dycom, have been constructing or upgrading significant wireline networks across broad sections of the country. These wireline networks are generally designed to provision gigabit network speeds to individual consumers and businesses either directly or wirelessly using 5G technologies. Notably, a single high-capacity fiber network can most cost-effectively deliver services to both consumers and businesses. This enables multiple revenue streams from a single investment. This view is increasing the appetite for fiber deployments, and has been creating opportunities.
Increasing access to high-capacity telecommunications continues to be crucial to society, especially in rural America. The Infrastructure Investment and Jobs Act includes more than $40 billion for the construction of rural communications networks in unserved and underserved areas across the country. In addition, substantially all states are commencing programs that will provide funding for telecommunications networks even prior to the initiation of funding under the Infrastructure Act.
Dycom has been providing program management, planning, engineering and design, aerial, underground and wireless construction and fulfillment services for gigabit deployments. These deployments include networks consisting entirely of wired network elements and converged wireless/wireline multi-user networks. Fiber network deployment opportunities are increasing in rural America as new industry participants respond to emerging societal initiatives.
Solid Backlog Level: Backlog activity during the fiscal second quarter reflects solid performance as it booked new work and renewed existing work. Dycom expects considerable opportunities across a broad array of customers. Dycom’s backlog was $6.028 billion at second-quarter fiscal 2023 end, up from $5.593 billion a year ago. Of this backlog, approximately $3.111 billion is expected to be completed in the next 12 months.
Higher Earnings Growth Rate: Earnings growth is also a key factor in stock valuation. The Zacks Consensus Estimate for fiscal 2023 earnings of $3.56 per share indicates 134.2% year-over-year growth. The solid growth rate depicts the stock's promising future. For fiscal 2024, the company’s earnings are expected to increase 47.8% year over year.
Solid ROE: DY’s superior return on equity (ROE) is also indicative of its growth potential. The company’s ROE currently stands at 11.4%, higher than the industry’s 10.9%. This indicates efficiency in using shareholders’ funds and the ability to generate profit with minimum capital usage.
3 Construction Stocks Hogging the Limelight
Some other stocks, which warrant a look in the Construction sector, include Arcosa ACA, United Rentals URI and Primoris Services Corporation PRIM.
Arcosa — sporting a Zacks Rank #1 — is a manufacturer of infrastructure-related products and services which serves construction, energy and transportation markets.
ACA’s expected earnings growth rate for fiscal 2022 is 7.8%. The Zacks Consensus Estimate for current-year earnings has improved 13.7% over the past 30 days.
United Rentals — currently flaunting a Zacks Rank #1 — is the largest equipment rental company in the world.
URI’s expected earnings growth rate for 2022 is 43.8%. The Zacks Consensus Estimate for current-year earnings has improved 6.4% over the past 30 days.
Primoris — a Zacks Rank #2 (Buy) company — is a specialty contractor company operating in the United States and Canada. A robust backlog level of more than $4 billion and solid contract awards in the Energy/Renewables and Utilities segments depict incredible momentum in the future despite the supply chain and permitting challenges. Utility-scale solar projects continued to drive the progress of the Energy/Renewables segment.
Primoris’ earnings for 2022 are expected to grow by 18.4%.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | 3 Construction Stocks Hogging the Limelight Some other stocks, which warrant a look in the Construction sector, include Arcosa ACA, United Rentals URI and Primoris Services Corporation PRIM. ACA’s expected earnings growth rate for fiscal 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report | 3 Construction Stocks Hogging the Limelight Some other stocks, which warrant a look in the Construction sector, include Arcosa ACA, United Rentals URI and Primoris Services Corporation PRIM. ACA’s expected earnings growth rate for fiscal 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report | 3 Construction Stocks Hogging the Limelight Some other stocks, which warrant a look in the Construction sector, include Arcosa ACA, United Rentals URI and Primoris Services Corporation PRIM. ACA’s expected earnings growth rate for fiscal 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report | 3 Construction Stocks Hogging the Limelight Some other stocks, which warrant a look in the Construction sector, include Arcosa ACA, United Rentals URI and Primoris Services Corporation PRIM. ACA’s expected earnings growth rate for fiscal 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report |
35356.0 | 2022-08-26 00:00:00 UTC | RPM International (RPM) Up 15.6% in the Last 6 Months: Here's Why | ACA | https://www.nasdaq.com/articles/rpm-international-rpm-up-15.6-in-the-last-6-months%3A-heres-why | nan | nan | RPM International Inc.’s RPM stock rallied 15.6% in the past six months against the Zacks Paints and Related Products industry, the Zacks Construction sector and S&P 500 index’s 6.6%, 7.1% and 6.3% respective fall.
The company has been riding high on its strategically balanced business model and operational initiatives. Also, strong construction and industrial maintenance activity, bolt-on acquisitions and scaled up in-house resin production add to the positive.
However, RPM and other construction players like Arcosa, Inc. ACA, Gibraltar Industries, Inc. ROCK and Primoris Services Corporation PRIM are witnessing raw material, freight and wage inflation, supply chain disruption, higher interest rates, currency headwinds as well as Russia-Ukraine war impacts.
Defying these industry woes, this Zacks Rank #3 (Hold) company’s profitability is likely to remain intact, thanks to its focus on market opportunities and industry trends, like rebounding restoration and energy markets. Increased investment in growth initiatives and manufacturing capacity, price increases to offset cost woes and Consumer Group turnaround bode well.
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You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Let’s delve into the factors helping the company to drive growth.
Solid Q4 FY’22 Result & Prospect: RPM International’s adjusted earnings increased 10.9% and net sales rose 13.7% from the prior-year level as all four segments generated record fourth-quarter sales. Adjusted EBIT for the reported quarter also moved up 11.7% from the prior year period. Of the four segments, three produced record quarterly adjusted EBIT driven by pricing adjustments and operational efficiencies.
For first-quarter fiscal 2023, RPM International expects total net sales to increase in the mid-teens. The company also expects sales growth in the mid-teens for all its operating segments. Particularly, the Consumer Group is likely to generate the highest growth of the four segments, backed by selling price increases, improved alkyd resin supply and investments in operations. Consolidated adjusted EBIT is expected to increase 20-25% year over year.
The Zacks Consensus Estimates for the first quarter and fiscal 2023 suggest 23.2% and 17.8% yearly growth in adjusted earnings, respectively. The same for net sales reflects 14.9% and 8% year-over-year growth in the first quarter and fiscal 2023, respectively.
Implementation of MAP 2025: After successfully completing the 2020 Margin Acceleration Plan or MAP to Growth Plan (launched in fiscal 2018 and formally concluded on May 31, 2021), RPM recently unveiled a MAP 2025 (Margin Achievement Plan) operational improvement initiative.
RPM International expects to accelerate growth, maximize operational efficiencies and generate superior value for its customers, associates and shareholders via MAP 2025. By May 2025 end, RPM projects to achieve $8.5 billion of annual revenues, 42% gross margin and 16% adjusted EBIT margin.
Accretive Acquisitions: Acquisitions have been an important part of RPM’s growth strategy. During fiscal 2022, the company increased the cash used for investment activities by $66.9 million to $259.5 million. During fiscal 2022, the company completed eight acquisitions in three segments. Most notably, it acquired a chemical manufacturing facility in Corsicana, TX, within the CPG segment. Also, it acquired a Clearwater, FL-based indoor air quality solutions provider.
The company made four buyouts in fiscal 2021, three in fiscal 2020, five in fiscal 2019 and seven in fiscal 2018. Acquisitions added 1.4% to net sales in fiscal 2022.
Discussion of Above-Mentioned Stocks
Arcosa, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets.
ACA’s expected earnings growth rate for 2022 is 7.8%. The Zacks Consensus Estimate for current-year earnings has improved 13.7% over the past 30 days.
Gibraltar, currently carrying a Zacks Rank of 2 (Buy), is benefiting from its three-pillar value creation strategy, the strong housing market and solid demand for legacy and TerraSmart businesses.
ROCK’s expected earnings growth rate for 2022 is 18.7%. The Zacks Consensus Estimate for current-year earnings has remained stable over the past 60 days.
Primoris, a Zacks Rank #2 company, is a specialty contractor company operating in the United States and Canada. A robust backlog of more than $4 billion and solid contract awards in the Energy/Renewables and Utilities segments imply incredible momentum in the future despite supply-chain and permitting challenges. Utility-scale solar projects continued to drive progress in the Energy/Renewables segment.
PRIM’s earnings for 2022 are expected to grow 18.4%. The Zacks Consensus Estimate for current-year earnings has improved 4% in the past 30 days.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | However, RPM and other construction players like Arcosa, Inc. ACA, Gibraltar Industries, Inc. ROCK and Primoris Services Corporation PRIM are witnessing raw material, freight and wage inflation, supply chain disruption, higher interest rates, currency headwinds as well as Russia-Ukraine war impacts. ACA’s expected earnings growth rate for 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report | However, RPM and other construction players like Arcosa, Inc. ACA, Gibraltar Industries, Inc. ROCK and Primoris Services Corporation PRIM are witnessing raw material, freight and wage inflation, supply chain disruption, higher interest rates, currency headwinds as well as Russia-Ukraine war impacts. ACA’s expected earnings growth rate for 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report | However, RPM and other construction players like Arcosa, Inc. ACA, Gibraltar Industries, Inc. ROCK and Primoris Services Corporation PRIM are witnessing raw material, freight and wage inflation, supply chain disruption, higher interest rates, currency headwinds as well as Russia-Ukraine war impacts. ACA’s expected earnings growth rate for 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report | However, RPM and other construction players like Arcosa, Inc. ACA, Gibraltar Industries, Inc. ROCK and Primoris Services Corporation PRIM are witnessing raw material, freight and wage inflation, supply chain disruption, higher interest rates, currency headwinds as well as Russia-Ukraine war impacts. ACA’s expected earnings growth rate for 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report |
35357.0 | 2022-08-25 00:00:00 UTC | RPM International (RPM) Announces MAP 2025 Operational Plan | ACA | https://www.nasdaq.com/articles/rpm-international-rpm-announces-map-2025-operational-plan | nan | nan | RPM International Inc.’s RPM stock moved up 0.92% in after-hours trading on Aug 24, after it unveiled a MAP 2025 (Margin Achievement Plan) operational improvement initiative.
After successfully completing the 2020 MAP to Growth Plan, RPM International expects to accelerate growth, maximize operational efficiencies and generate a superior value for its customers, associates and shareholders via MAP 2025. By May 2025 end, RPM projects to achieve $8.5 billion of annual revenues, 42% gross margin and 16% adjusted EBIT margin.
RPM’s chairman and CEO Frank C. Sullivan stated, “MAP 2025 builds upon the successes we achieved with our previous MAP to Growth program. These new initiatives are designed to amplify the strengths of RPM’s entrepreneurial culture and accelerate our transformation into a more connected and efficient company.”
Successful Completion of MAP 2020
In fiscal 2018, RPM International adopted the 2020 Margin Acceleration Plan (2020 MAP to Growth), a multi-year restructuring plan, to maintain a balance between its segments’ performance and its growth expansion. On May 31, 2021, RPM formally concluded the MAP to Growth improvement program.
From 2018 through 2021, RPM transformed its business into a center-led operational approach. Management implemented four center-led functional areas: manufacturing and operations, procurement and supply chain, information technology, and accounting and finance. The MAP to Growth plan optimized RPM’s manufacturing facilities, providing more efficient plant and distribution capabilities. In line with the MAP to Growth objective, RPM International completed the planned closure of 31 plants and 28 warehouses. In fiscal 2022, SG&A declined 120 basis points on increased sale revenues and the incremental MAP to Growth savings.
Backed by the solid outcome of this initiative, RPM developed plans for the MAP 2.0 program during the fiscal fourth quarter.
Share Price Performance
Shares of RPM have gained 9.5% against the Zacks Paints and Related Products industry’s 6.6% fall. RPM International benefited from a strategic business operation and the successful completion of the MAP to Growth initiative. Robust construction and industrial maintenance activity, a rebound in the energy markets and its focus on investments in the fastest-growing areas of its business are commendable.
In fourth-quarter fiscal 2022, RPM’s adjusted earnings increased 10.9% from the year-ago quarter’s figure. Net sales also increased 13.7% from the prior-year level. The upside was driven by strong contributions from all the operating segments. Adjusted EBIT for the quarter rose 11.7% year over year.
For first-quarter fiscal 2023, RPM International expects sales growth in the mid-teens for all its operating segments. Particularly, the Consumer Group is likely to generate maximum growth in the four segments, backed by higher selling prices, an improved alkyd resin supply and heavy investments in operations. Consolidated adjusted EBIT is expected to increase 20-25%.
Zacks Rank & Other Key Picks
Currently, RPM carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Other top-ranked stocks, which warrant a look in the Construction sector, include Arcosa ACA, United Rentals URI and Primoris Services Corporation PRIM.
Arcosa, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets.
ACA’s expected earnings growth rate for fiscal 2022 is 7.8%. The Zacks Consensus Estimate for current-year earnings has improved 13.7% over the past 30 days.
United Rentals, currently flaunting a Zacks Rank of 1, is the largest equipment rental company in the world.
URI’s expected earnings growth rate for 2022 is 43.8%. The Zacks Consensus Estimate for current-year earnings has improved 6.6% over the past 30 days.
Primoris, a Zacks Rank #2 company, is a specialty contractor company operating in the United States and Canada. A robust backlog of more than $4 billion and solid contract awards in the Energy/Renewables and Utilities segments imply incredible momentum in the future despite supply-chain and permitting challenges. Utility-scale solar projects continued to drive progress in the Energy/Renewables segment.
PRIM’s earnings for 2022 are expected to grow 18.4%.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Other top-ranked stocks, which warrant a look in the Construction sector, include Arcosa ACA, United Rentals URI and Primoris Services Corporation PRIM. ACA’s expected earnings growth rate for fiscal 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Other top-ranked stocks, which warrant a look in the Construction sector, include Arcosa ACA, United Rentals URI and Primoris Services Corporation PRIM. ACA’s expected earnings growth rate for fiscal 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Other top-ranked stocks, which warrant a look in the Construction sector, include Arcosa ACA, United Rentals URI and Primoris Services Corporation PRIM. ACA’s expected earnings growth rate for fiscal 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Other top-ranked stocks, which warrant a look in the Construction sector, include Arcosa ACA, United Rentals URI and Primoris Services Corporation PRIM. ACA’s expected earnings growth rate for fiscal 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report |
35358.0 | 2022-08-25 00:00:00 UTC | Here's What Could Help Arcosa (ACA) Maintain Its Recent Price Strength | ACA | https://www.nasdaq.com/articles/heres-what-could-help-arcosa-aca-maintain-its-recent-price-strength | nan | nan | While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy.
The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive.
Investors looking to make a profit from stocks that are currently on the move may find our "Recent Price Strength" screen pretty useful. This predefined screen comes handy in spotting stocks that are on an uptrend backed by strength in their fundamentals, and trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness.
Arcosa (ACA) is one of the several suitable candidates that passed through the screen. Here are the key reasons why it could be a profitable bet for "trend" investors.
A solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a stock. ACA is quite a good fit in this regard, gaining 18.5% over this period.
However, it's not enough to look at the price change for around three months, as it doesn't reflect any trend reversal that might have happened in a shorter time frame. It's important for a potential winner to maintain the price trend. A price increase of 26.2% over the past four weeks ensures that the trend is still in place for the stock of this provider of infrastructure-related products and services.
Moreover, ACA is currently trading at 86.2% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.
Looking at the fundamentals, the stock currently carries a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock's near-term price movements.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock's near-term price performance.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arcosa (ACA) is one of the several suitable candidates that passed through the screen. ACA is quite a good fit in this regard, gaining 18.5% over this period. Moreover, ACA is currently trading at 86.2% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout. | Arcosa (ACA) is one of the several suitable candidates that passed through the screen. ACA is quite a good fit in this regard, gaining 18.5% over this period. Moreover, ACA is currently trading at 86.2% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout. | Arcosa (ACA) is one of the several suitable candidates that passed through the screen. ACA is quite a good fit in this regard, gaining 18.5% over this period. Moreover, ACA is currently trading at 86.2% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout. | So, the price trend in ACA may not reverse anytime soon. Arcosa (ACA) is one of the several suitable candidates that passed through the screen. ACA is quite a good fit in this regard, gaining 18.5% over this period. |
35359.0 | 2022-08-24 00:00:00 UTC | Toll Brothers (TOL) Q3 Earnings Top, View Down, Shares Dip | ACA | https://www.nasdaq.com/articles/toll-brothers-tol-q3-earnings-top-view-down-shares-dip | nan | nan | Toll Brothers, Inc. TOL reported third-quarter fiscal 2022 (ended Jul 31, 2022). Both the top and bottom lines topped the Zacks Consensus Estimate and the company delivered record quarterly revenues and earnings; and exceeded gross margin guidance during the quarter. However, the homebuilder continues to grapple with municipal delays, labor shortages and supply chain disruptions, along with a softer demand environment. As such, Toll Brothers lowered full-year deliveries expectation.
Shares of this leading luxury homebuilder dipped 2.6% in the after-hours trading session on Aug 23, following the release.
In view of the current market conditions, Douglas C. Yearley, Jr., chairman and chief executive officer, said, “As our third quarter progressed, we saw a significant decline in demand as the combined impact of sharply rising mortgage rates, higher home prices, stock market volatility and macroeconomic uncertainty caused many prospective buyers to step to the sidelines. However, in more recent weeks, we have seen signs of increased demand as sentiment is improving and buyers are returning to the market. Average weekly deposits in the first three weeks of August were up 25% compared to July.”
Toll Brothers Inc. Price, Consensus and EPS Surprise
Toll Brothers Inc. price-consensus-eps-surprise-chart | Toll Brothers Inc. Quote
Earnings & Revenue Discussion
This Fort Washington, PA-based homebuilder reported earnings of $2.35 per share, which beat the Zacks Consensus Estimate of $2.30 by 2.2% and increased a 25.7% from the year-ago period.
Total revenues (including Home sales, and Land sales and other) came in at $2.49 billion, which beat the consensus mark of $2.48 billion by 0.4% and rose 10.6% year over year. The uptrend was backed by higher pricing during the quarter.
Segment Detail
Toll Brothers operates under two reportable segments, namely Traditional Home Building and Urban Infill (City Living).
Revenues from Traditional Home Building totaled $2.25 billion, up 9.4% year over year and that of City Living decreased 98.5% to $2.8 million.
Inside the Headline Numbers
Home sales revenues grew 1% from the prior-year quarter to $2.26 billion. Homes delivered dipped 7% year over year to 2,414 units. Deliveries increased across all the geographic regions served by the company baring Mid-Atlantic and Pacific. The average price of homes delivered was $934,700 for the quarter, up from the year-ago level of $860,400.
The number of net signed contracts for the reported quarter was 1,266 units, down 59.9% year over year. The value of net signed contracts was $1.66 billion, reflecting a decrease of 44.1% from the year-ago quarter.
At fiscal third-quarter end, Toll Brothers had a backlog of 10,725 homes, representing a 0.6% year-over-year increase. Also, potential revenues from backlog improved 19% year over year to $11.2 billion. The average price of homes in backlog totaled $1,042,900, up from $885,200 at the end of third-quarter fiscal 2021.
Cancellation rate (as a percentage of signed contracts) for the reported quarter was 13% compared with 3.1% in the prior-year period.
Margins
The company’s adjusted home sales gross margin was 26%, expanding 330 basis points for the quarter. SG&A expenses — as a percentage of home sales revenues — were 10.3%, which decreased from 10.5% in the year-ago quarter.
Financials
Toll Brothers had cash and cash equivalents of $316.5 million at fiscal third-quarter end compared with $1.64 billion at fiscal 2021-end. At fiscal third-quarter end, it had $1.8 billion available under the $1.9 billion bank revolving credit facility, scheduled to mature in November 2026.
Total debt at fiscal third-quarter end was $3.31 billion, down from $3.56 billion at fiscal 2021-end. Debt to capital was 37.5% at fiscal third-quarter end versus 40.2% at fiscal 2021-end. During the quarter, the company repurchased 2 million shares of its common stock at an average price of $44.93 per share for approximately $91.6 million.
Fiscal Fourth-Quarter Guidance
Toll Brothers expects home deliveries of 3,250-3,550 units (indicating a rise from 3,341 units delivered in the prior-year quarter) at an average price of $935,000-$955,000 (suggesting a rise from $883,100 a year ago).
Adjusted home sales gross margin is expected to be 29.2%, implying an increase from 25.9% in the year-ago period. SG&A expenses are estimated to be 8.7% of home sales revenues, indicating a decline from 8.8% in the year-ago period. The company expects the effective tax rate to be 24.8%.
Fiscal 2022 Guidance
For fiscal 2022, home deliveries are anticipated to be 10,000-10,300 units (versus 11,000-11,500 units expected earlier) at an average price of $915,000-$925,000 (versus $890,000-$910,000 of earlier projection). Toll Brothers still expects adjusted home sales gross margin of 27.5% compared with 25% reported in fiscal 2021. SG&A expenses, as a percentage of home sales revenues, for fiscal 2022 are projected to be 10.5% (10.4% expected earlier) versus 10.5% projected earlier. The expected figure indicates a fall from 10.9% reported in fiscal 2021.
Zacks Rank & Key Picks
Toll Brothers currently has a Zacks Rank #5 (Strong Sell). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Better-ranked stocks, which warrant a look in the Construction sector, include Arcosa ACA, United Rentals URI and Primoris Services Corporation PRIM.
Arcosa — sporting a Zacks Rank #1 — is a manufacturer of infrastructure-related products and services which serves construction, energy and transportation markets.
ACA’s expected earnings growth rate for fiscal 2022 is 7.8%. The Zacks Consensus Estimate for current-year earnings has improved 13.7% over the past 30 days.
United Rentals — currently carrying a Zacks Rank #1 — is the largest equipment rental company in the world.
URI’s expected earnings growth rate for 2022 is 43.5%. The Zacks Consensus Estimate for current-year earnings has improved 6.6% over the past 30 days.
Primoris — a Zacks Rank #2 (Buy) company — is a specialty contractor company operating in the United States and Canada. A robust backlog level of more than $4 billion and solid contract awards in the Energy/Renewables and Utilities segments depict incredible momentum in the future despite the supply chain and permitting challenges. Utility-scale solar projects continued to drive the progress of the Energy/Renewables segment.
Primoris’ earnings for 2022 are expected to grow by 18.4%.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Better-ranked stocks, which warrant a look in the Construction sector, include Arcosa ACA, United Rentals URI and Primoris Services Corporation PRIM. ACA’s expected earnings growth rate for fiscal 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Better-ranked stocks, which warrant a look in the Construction sector, include Arcosa ACA, United Rentals URI and Primoris Services Corporation PRIM. ACA’s expected earnings growth rate for fiscal 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Better-ranked stocks, which warrant a look in the Construction sector, include Arcosa ACA, United Rentals URI and Primoris Services Corporation PRIM. ACA’s expected earnings growth rate for fiscal 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Better-ranked stocks, which warrant a look in the Construction sector, include Arcosa ACA, United Rentals URI and Primoris Services Corporation PRIM. ACA’s expected earnings growth rate for fiscal 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report |
35360.0 | 2022-08-23 00:00:00 UTC | Implied Volatility Surging for Arcosa (ACA) Stock Options | ACA | https://www.nasdaq.com/articles/implied-volatility-surging-for-arcosa-aca-stock-options | nan | nan | Investors in Arcosa, Inc. ACA need to pay close attention to the stock based on moves in the options market lately. That is because the Sep 16, 2022 $22.50 Put had some of the highest implied volatility of all equity options today.
What is Implied Volatility?
Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
What do the Analysts Think?
Clearly, options traders are pricing in a big move for Arcosa shares, but what is the fundamental picture for the company? Currently, Arcosa is a Zacks Rank #1 (Strong Buy) in the Building Products - Miscellaneous industry that ranks in Top 27% of our Zacks Industry Rank. Over the last 60 days, no analysts have increased their earnings estimates for the current quarter, while one has revised the estimates downward. The net effect has taken our Zacks Consensus Estimate for the current quarter 59 cents per share to 58 cents in that period.
Given the way analysts feel about Arcosa right now, this huge implied volatility could mean there’s a trade developing. Often times, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
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Arcosa, Inc. (ACA): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors in Arcosa, Inc. ACA need to pay close attention to the stock based on moves in the options market lately. Arcosa, Inc. (ACA): Free Stock Analysis Report Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. | Investors in Arcosa, Inc. ACA need to pay close attention to the stock based on moves in the options market lately. Arcosa, Inc. (ACA): Free Stock Analysis Report Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. | Investors in Arcosa, Inc. ACA need to pay close attention to the stock based on moves in the options market lately. Arcosa, Inc. (ACA): Free Stock Analysis Report Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. | Investors in Arcosa, Inc. ACA need to pay close attention to the stock based on moves in the options market lately. Arcosa, Inc. (ACA): Free Stock Analysis Report Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. |
35361.0 | 2022-08-22 00:00:00 UTC | Jacobs (J) to Hold New Holding Company Structure From Aug 29 | ACA | https://www.nasdaq.com/articles/jacobs-j-to-hold-new-holding-company-structure-from-aug-29 | nan | nan | Shares of Jacobs Engineering Group Inc. J inched up 0.6% on Aug 19 after it unveiled its plan for a new holding company structure from Aug 29.
The company will represent itself as a global technology-forward solutions company. The new name of the parent company, Jacobs Solutions Inc., will replace Jacobs Engineering Group Inc. The internal transaction is intended to be tax-free for Jacobs and its stockholders for U.S. federal income tax purposes. The plan will not affect the ownership of Jacobs' common stock to shareholders.
The new name will help strengthen the expansion of J’s business, including engineering and technology-forward products and services. Jacobs has a history of implementing new business plans and strategies.
In November 2020, Jacobs launched the Focus 2023 initiative, with expected benefits of more than $200 million versus fiscal 2020. Through this initiative, the company has been accelerating the adoption of digital technology across all facets of operations. This move will include a reduction in physical real estate footprint by more than 30% as it significantly shifts to a more flexible and virtual workforce. Jacobs expects that by 2023, this transformative initiative — which will provide Jacobs with the flexibility to materially invest in the business — to drive growth through technology-enabled solutions. Focus 2023 integration/transformation is expected to drive double-digit adjusted EBITDA growth in fiscal 2022.
Earlier, in November 2019, this leading engineering firm announced the change of its ticker symbol from JEC to J, with effects from Dec 10, 2019. Also, it launched its new brand globally, which aimed at representing a global technology-driven solutions company from an engineering and construction company.
Stock Performance
J’s shares have outperformed the Zacks Engineering - R and D Services industry in the past six months. The stock gained 15.7% in the said period compared with the industry’s 12.3% rally. Earnings estimates for fiscal 2022 suggest 10.3% year-over-year growth.
Image Source: Zacks Investment Research
Recently, the company reported third-quarter fiscal 2022 (ended Jul 1, 2022) results. Its earnings and revenues surpassed their respective Zacks Consensus Estimate and improved year over year.
The strong results were mainly attributable to substantial recurring revenues that are complemented by accelerating growth in the areas of Climate Response, Consulting & Advisory and Data Solutions. Moreover, the strategic buyouts and the Focus 2023 initiative will likely accelerate its global integrated delivery of technology-enabled solutions. Going forward, increased focus on fixing the country’s infrastructure will be a boon for Jacobs. The backlog level of $28.1 billion depicts accelerating demand for Jacobs’s consulting services for infrastructure, water, environment, space, broadband, cybersecurity and life sciences.
Zacks Rank & Key Picks
Currently, Jacobs carries a Zacks Rank #4 (Sell). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Some top-ranked stocks, which warrant a look in the Construction sector, include Arcosa ACA, United Rentals URI and Primoris Services Corporation PRIM.
Arcosa — sporting a Zacks Rank #1 — is a manufacturer of infrastructure-related products and services which serves construction, energy and transportation markets.
ACA’s expected earnings growth rate for fiscal 2022 is 7.8%. The Zacks Consensus Estimate for current-year earnings has improved 13.7% over the past 30 days.
United Rentals — currently carrying a Zacks Rank #1 — is the largest equipment rental company in the world.
URI’s expected earnings growth rate for 2022 is 43.5%. The Zacks Consensus Estimate for current-year earnings has improved 6.6% over the past 30 days.
Primoris — a Zacks Rank #2 (Buy) company — is a specialty contractor company operating in the United States and Canada. A robust backlog level of more than $4 billion and solid contract awards in the Energy/Renewables and Utilities segments depict incredible momentum in the future despite the supply chain and permitting challenges. Utility-scale solar projects continued to drive the progress of the Energy/Renewables segment.
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United Rentals, Inc. (URI): Free Stock Analysis Report
Primoris Services Corporation (PRIM): Free Stock Analysis Report
Arcosa, Inc. (ACA): Free Stock Analysis Report
Jacobs Engineering Group Inc. (J): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Some top-ranked stocks, which warrant a look in the Construction sector, include Arcosa ACA, United Rentals URI and Primoris Services Corporation PRIM. ACA’s expected earnings growth rate for fiscal 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Some top-ranked stocks, which warrant a look in the Construction sector, include Arcosa ACA, United Rentals URI and Primoris Services Corporation PRIM. ACA’s expected earnings growth rate for fiscal 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Some top-ranked stocks, which warrant a look in the Construction sector, include Arcosa ACA, United Rentals URI and Primoris Services Corporation PRIM. ACA’s expected earnings growth rate for fiscal 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report | Some top-ranked stocks, which warrant a look in the Construction sector, include Arcosa ACA, United Rentals URI and Primoris Services Corporation PRIM. ACA’s expected earnings growth rate for fiscal 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report |
35362.0 | 2022-08-22 00:00:00 UTC | UFP Industries (UFPI) Forges Ahead: Be Part of the Rally | ACA | https://www.nasdaq.com/articles/ufp-industries-ufpi-forges-ahead%3A-be-part-of-the-rally | nan | nan | UFP Industries, Inc.’s UFPI shares have been riding high since the release of its second-quarter 2022 results. Ever since this Zacks Rank #2 (Buy) company reported quarterly numbers on Jul 21, its shares have risen 17.7%, outperforming the industry’s growth of 3.1%. In fact, the company’s shares have gained 18.4% over the past three months, outperforming the industry’s 1.3% decline.
Continued activity in commercial and infrastructure end markets within the construction segment, diverse end markets and acquisitions have been helping the company to navigate new external challenges, including rising interest rates and historically high inflation.
We believe that UFP Industries offers a sound investment opportunity, as evident from its VGM Score of “A”.
The Zacks Consensus Estimate has witnessed an uptrend over the past 30 days as analysts raised their estimates. Over the said time frame, the Zacks Consensus Estimate of $10.56 and $9.33 for 2022 and 2023 has increased $1.41 and $1.43, respectively.
Image Source: Zacks Investment Research
Let’s take a look at the factors supporting the growth.
Diverse End-Markets: The company serves various end markets from more than 200 locations worldwide. This diversified approach has helped the company to mitigate challenges through the years that includes the latest new external risks like rising interest rates and high inflation. In the near term, the company expects continued improvement in the Industrial and Construction segments. It also expects more normalized demand in its largest segment, Retail Solutions. UFP Industries’ diversified business and end markets will likely successfully navigate various market environments and deliver impressive returns to shareholders.
Continued Improvements in Construction & Industrial: Construction segment sales were up 32% year over year. This improvement in the segment sales is mainly attributable to a 15% increase in selling price, an 15% rise in organic unit growth and 2% growth from the transfer of certain sales from the retail segment. Organic unit growth was driven by a 63% increase in commercial, a 35% increase in concrete forming and 16% in factory-built housing. Meanwhile, the Industrial segment continues to perform well as PalletOne has been improving sourcing manufacturing and is expanding geographically within the UFP footprint. Again, the latest combination with Dempsey Forest Products provides added opportunity to create efficiencies in the supply chain. Instructional packaging or national sales team continues to gain business and drive more sales with national accounts.
Acquisitions: UFP Industries has been following a systematic inorganic strategy to expand market reach, boost profitability and strengthen its product portfolio. UFPI acquired nine companies in 2021 and five in 2020. Acquisitions contributed 24% to unit sales growth in 2021. In the first and second quarters of 2022, UFPI recorded a 7% and 1% increase, respectively, in unit sales from acquisitions. Acquisitions also contributed $12 million and $3.5 million to adjusted EBITDA and $10 million and $2.5 million to earnings, respectively, in the first and the second quarters.
Solid ROE & Higher Earnings Growth Rate: URI’s superior return on equity (ROE) is also indicative of its growth potential. The company’s ROE currently stands at 30.8%, higher than the industry’s 27.3%. This indicates efficiency in using shareholders’ funds and the ability to generate profit with minimum capital usage.
The Zacks Consensus Estimate for 2022 earnings of $10.56 per share implies 22.9% year-over-year growth. The solid growth rate depicts the stock's promising future.
3 Top-Ranked Construction Stocks Hogging the Limelight
Other top-ranked stocks, which warrant a look in the Construction sector, include Arcosa ACA, United Rentals URI and Primoris Services Corporation PRIM. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Arcosa — sporting a Zacks Rank #1 — is a manufacturer of infrastructure-related products and services which serves construction, energy and transportation markets.
ACA’s expected earnings growth rate for fiscal 2022 is 7.8%. The Zacks Consensus Estimate for current-year earnings has improved 13.7% over the past 30 days.
United Rentals — currently carrying a Zacks Rank #1 — is the largest equipment rental company in the world.
URI’s expected earnings growth rate for 2022 is 43.5%. The Zacks Consensus Estimate for current-year earnings has improved 6.6% over the past 30 days.
Primoris — a Zacks Rank #2 company — is a specialty contractor company operating in the United States and Canada. A robust backlog level of more than $4 billion and solid contract awards in the Energy/Renewables and Utilities segments depict incredible momentum in the future despite the supply chain and permitting challenges. Utility-scale solar projects continued to drive the progress of the Energy/Renewables segment.
Primoris’ earnings for 2022 are expected to grow by 18.4%.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
UFP Industries, Inc. (UFPI): Free Stock Analysis Report
United Rentals, Inc. (URI): Free Stock Analysis Report
Primoris Services Corporation (PRIM): Free Stock Analysis Report
Arcosa, Inc. (ACA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | 3 Top-Ranked Construction Stocks Hogging the Limelight Other top-ranked stocks, which warrant a look in the Construction sector, include Arcosa ACA, United Rentals URI and Primoris Services Corporation PRIM. ACA’s expected earnings growth rate for fiscal 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report | 3 Top-Ranked Construction Stocks Hogging the Limelight Other top-ranked stocks, which warrant a look in the Construction sector, include Arcosa ACA, United Rentals URI and Primoris Services Corporation PRIM. ACA’s expected earnings growth rate for fiscal 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report | 3 Top-Ranked Construction Stocks Hogging the Limelight Other top-ranked stocks, which warrant a look in the Construction sector, include Arcosa ACA, United Rentals URI and Primoris Services Corporation PRIM. ACA’s expected earnings growth rate for fiscal 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report | 3 Top-Ranked Construction Stocks Hogging the Limelight Other top-ranked stocks, which warrant a look in the Construction sector, include Arcosa ACA, United Rentals URI and Primoris Services Corporation PRIM. ACA’s expected earnings growth rate for fiscal 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report |
35363.0 | 2022-08-18 00:00:00 UTC | Here's Why Arcosa (ACA) is a Great Momentum Stock to Buy | ACA | https://www.nasdaq.com/articles/heres-why-arcosa-aca-is-a-great-momentum-stock-to-buy | nan | nan | Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.
Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.
Below, we take a look at Arcosa (ACA), which currently has a Momentum Style Score of B. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions.
It's also important to no | Below, we take a look at Arcosa (ACA), which currently has a Momentum Style Score of B. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. | Below, we take a look at Arcosa (ACA), which currently has a Momentum Style Score of B. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions. | Below, we take a look at Arcosa (ACA), which currently has a Momentum Style Score of B. And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. | Below, we take a look at Arcosa (ACA), which currently has a Momentum Style Score of B. Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." |
35364.0 | 2022-08-17 00:00:00 UTC | United Rentals (URI) Looks Promising: Invest in the Stock | ACA | https://www.nasdaq.com/articles/united-rentals-uri-looks-promising%3A-invest-in-the-stock | nan | nan | United Rentals, Inc.’s URI shares have been riding high since the release of its second-quarter 2022 results. Ever since this Zacks Rank #2 (Buy) company reported quarterly numbers on Jul 27, its shares have risen 18.1%, outperforming the industry’s growth of 10.8%. In fact, the company’s shares have gained 21.9% over the past three months, outperforming the industry’s 10.8%.
United Rentals has been witnessing widespread growth in rental revenues. Even its new upbeat 2022 guidance exhibits broad-based growth across its verticals, with persistent growth opportunities for non-residential and industrial verticals. In terms of project types, large data centers, infrastructure projects, distribution centers and manufacturing holds promise.
The stock has a long-term earnings growth rate of 17.6%, which highlights its inherent strength. We believe that United Rentals offers a sound investment opportunity, as evident from its VGM Score of A.
The Zacks Consensus Estimate has witnessed an uptrend over the past 30 days as analysts raised their estimates. Over the said time frame, the Zacks Consensus Estimate of $31.03 and $34.71 for 2022 and 2023 has increased $1.60 and $2.05, respectively.
Image Source: Zacks Investment Research
Let’s take a look at the factors supporting the growth.
Solid End-Market Demand: United Rentals has been witnessing widespread growth in rental revenues. Precisely, during the second quarter, rental revenue grew 26.2%. Rental revenues from non-residential construction verticals were up 27% year over year, and the same from infrastructure was up 15%.
Further, used equipment continues to be strong, supported by better pricing and a higher percentage of fleet sold through its most profitable retail channel. The strength of the used equipment market is a key indicator of the rental industry’s performance.
U.S. Administration’s Infrastructural Push: United Rentals and other construction companies are expected to benefit from strong global trends in infrastructure modernization, energy transition, national security, and a potential super-cycle in global supply chain investments. Importantly, United Rentals is expected to maintain positive momentum in the near term as the company’s solutions are closely aligned with President Biden’s policies and industry trends.
The need to rebuild the nation’s deteriorating roads and bridges and fund new climate-resilient and broadband initiatives is expected to aid URI. The company expects a diverse mix of federal projects for road and bridge work, water control, harbors and ports, and the power grid, which will drive growth in 2023 as well.
Upbeat View: Backed by solid first-half 2022 results and the recently completed acquisitions, the company once again lifted its 2022 guidance to reflect stronger growth in the core rental business and improve the used equipment business. The optimism was supported by positive customer sentiments and used equipment demand as well as persistent share growth opportunities for certain non-residential verticals, including power, healthcare, distribution and technology. For 2022, United Rentals expects higher demand across the end markets served, with 18.9% year-over-year growth at the midpoint of the guided revenue range. This will be supported by a significant investment in growth capital.
Solid ROE & Higher Earnings Growth Rate: URI’s superior return on equity (ROE) is also indicative of its growth potential. The company’s ROE currently stands at 33.8%, higher than the industry’s 6.3%. This indicates efficiency in using shareholders’ funds and the ability to generate profit with minimum capital usage.
The Zacks Consensus Estimate for 2022 earnings of $31.03 per share implies 40.7% year-over-year growth. The solid growth rate depicts the stock's promising future.
3 Top-Ranked Construction Stocks Hogging the Limelight
Other top-ranked stocks, which warrant a look in the Construction sector, include Arcosa ACA, Installed Building Products IBP and Primoris Services Corporation PRIM. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Arcosa — sporting a Zacks Rank #1 — is a manufacturer of infrastructure-related products and services which serves construction, energy and transportation markets.
ACA’s expected earnings growth rate for fiscal 2022 is 7.8%. The Zacks Consensus Estimate for current-year earnings has improved 13.7% over the past 30 days.
Installed Building Products — currently carrying a Zacks Rank #2 — operates as a residential insulation installer in the United States.
IBP’s expected earnings growth rate for 2022 is 48.5%. The Zacks Consensus Estimate for current-year earnings has improved 11.4% over the past 30 days.
Primoris — a Zacks Rank #2 company — is a specialty contractor company operating in the United States and Canada. A robust backlog level of more than $4 billion and solid contract awards in the Energy/Renewables and Utilities segments depict incredible momentum in the future despite the supply chain and permitting challenges. Utility-scale solar projects continued to drive the progress of the Energy/Renewables segment.
Primoris’ earnings for 2022 are expected to grow by 18.4%.
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United Rentals, Inc. (URI): Free Stock Analysis Report
Primoris Services Corporation (PRIM): Free Stock Analysis Report
Installed Building Products, Inc. (IBP): Free Stock Analysis Report
Arcosa, Inc. (ACA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | 3 Top-Ranked Construction Stocks Hogging the Limelight Other top-ranked stocks, which warrant a look in the Construction sector, include Arcosa ACA, Installed Building Products IBP and Primoris Services Corporation PRIM. ACA’s expected earnings growth rate for fiscal 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report | 3 Top-Ranked Construction Stocks Hogging the Limelight Other top-ranked stocks, which warrant a look in the Construction sector, include Arcosa ACA, Installed Building Products IBP and Primoris Services Corporation PRIM. ACA’s expected earnings growth rate for fiscal 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report | 3 Top-Ranked Construction Stocks Hogging the Limelight Other top-ranked stocks, which warrant a look in the Construction sector, include Arcosa ACA, Installed Building Products IBP and Primoris Services Corporation PRIM. ACA’s expected earnings growth rate for fiscal 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report | 3 Top-Ranked Construction Stocks Hogging the Limelight Other top-ranked stocks, which warrant a look in the Construction sector, include Arcosa ACA, Installed Building Products IBP and Primoris Services Corporation PRIM. ACA’s expected earnings growth rate for fiscal 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report |
35365.0 | 2022-08-16 00:00:00 UTC | Here's Why Investors Should Hold On to TopBuild (BLD) Stock | ACA | https://www.nasdaq.com/articles/heres-why-investors-should-hold-on-to-topbuild-bld-stock | nan | nan | TopBuild Corp. BLD is well poised for growth given its unique business model combining both installation and specialty distribution, operating efficiency along with strategic buyouts.
Given the strong performance, shares of this installer and distributor of insulation and other building products have outperformed the industry over the past year. The 2022 earnings estimates for BLD have moved upward to $15.36 per share from $15.14 over the past seven days. This positive trend signifies bullish analysts’ sentiments, indicating robust fundamentals and the expectation of outperformance in the near term.
Image Source: Zacks Investment Research
However, continuous supply-chain disruptions and higher raw material and labor costs are causes of concern for this Zacks Rank #3 (Hold) company. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Let’s delve deeper into the driving factors.
Solid Operational Model: The company has solid business operational models, comprising Installation and Specialty Distribution segments. The Installation segment primarily installs insulation and other building products, while Specialty Distribution segment mainly sells and distributes insulation and other building products. Given the solid model, the company has been recording solid earnings and revenue growth over the last few quarters. During first-half 2022, the company’s sales increased 57.4%, adjusted earnings per share grew 65.7%, adjusted gross margin expanded 130 basis points (bps), and adjusted EBITDA margin expanded 140 bps from the prior-year period. The impressive margin expansion led to increased profitability, depicting a flexible operating model and its ability to quickly reduce costs.
Upbeat View: Given the continued improvement of the commercial and industrial mechanical insulation end markets, TopBuild now expects sales between $4.80 billion and $4.90 billion for 2022 versus $4.65-$4.80 billion expected earlier. The estimated figure indicates an increase from $3.49 billion. Adjusted EBITDA is now projected within $860-$900 million compared with $810-$860 million projected earlier. This suggests growth from $605.9 million reported in 2021.
The Zacks Consensus Estimate for 2022 earnings of $15.36 per share calls for 41.6% year-over-year growth. The solid growth rate depicts the stock's promising future.
Inorganic Strategy: BLD’s systematic inorganic strategy has been supplementing organic growth and expanding access to additional markets and products. So far in 2022, BLD has made four acquisitions, which are expected to contribute $15.7 million in annual revenues. On Apr 7, 2022, BLD acquired one residential insulation company, Assured Insulating, which serves markets in Northeastern Texas and Northwestern Louisiana. Prior to that, on Mar 31, 2022, it acquired Green Energy, an insulation company located in Oregon. Prior to that, on Feb 3, 2022, TopBuild acquired Billings, a residential insulation installer serving the Montana and Northern Wyoming markets. On Jan 12, 2022, BLD acquired Southwest, an insulation company in Florida.
The company has a strong pipeline of prospective acquisitions, mainly focused on the insulation business, which accounted for 79% of the Installation segment’s sales in 2021.
Higher ROE: TopBuild’s superior return on equity (ROE) is also indicative of its growth potential. The company’s ROE currently stands at 27.8% compared with the industry’s 6.3%. This indicates efficiency in using shareholders’ funds and the ability to generate profit with minimum capital usage.
3 Construction Stocks to Buy Now
Some better-ranked stocks, which warrant a look in the Construction sector, include United Rentals URI, Arcosa ACA and Primoris Services Corporation PRIM.
United Rentals — currently carrying a Zacks Rank #2 (Buy) — is the largest equipment rental company in the world.
URI’s expected earnings growth rate for 2022 is 40.7%. The Zacks Consensus Estimate for current-year earnings has improved 5.4% over the past 30 days.
Arcosa — sporting a Zacks Rank #1 — is a manufacturer of infrastructure-related products and services which serves construction, energy and transportation markets.
ACA’s expected earnings growth rate for fiscal 2022 is 7.8%. The Zacks Consensus Estimate for current-year earnings has improved 13.7% over the past 30 days.
Primoris — a Zacks Rank #2 company — is a specialty contractor company operating in the United States and Canada. A robust backlog level of more than $4 billion and solid contract awards in the Energy/Renewables and Utilities segments depict incredible momentum in the future despite the supply chain and permitting challenges. Utility-scale solar projects continued to drive the progress of the Energy/Renewables segment.
Primoris’ earnings for 2022 are expected to grow 18.4%.
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United Rentals, Inc. (URI): Free Stock Analysis Report
Primoris Services Corporation (PRIM): Free Stock Analysis Report
TopBuild Corp. (BLD): Free Stock Analysis Report
Arcosa, Inc. (ACA): Free Stock Analysis Report
To read this article on Zacks.com click here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | 3 Construction Stocks to Buy Now Some better-ranked stocks, which warrant a look in the Construction sector, include United Rentals URI, Arcosa ACA and Primoris Services Corporation PRIM. ACA’s expected earnings growth rate for fiscal 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report | 3 Construction Stocks to Buy Now Some better-ranked stocks, which warrant a look in the Construction sector, include United Rentals URI, Arcosa ACA and Primoris Services Corporation PRIM. ACA’s expected earnings growth rate for fiscal 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report | 3 Construction Stocks to Buy Now Some better-ranked stocks, which warrant a look in the Construction sector, include United Rentals URI, Arcosa ACA and Primoris Services Corporation PRIM. ACA’s expected earnings growth rate for fiscal 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report | 3 Construction Stocks to Buy Now Some better-ranked stocks, which warrant a look in the Construction sector, include United Rentals URI, Arcosa ACA and Primoris Services Corporation PRIM. ACA’s expected earnings growth rate for fiscal 2022 is 7.8%. Arcosa, Inc. (ACA): Free Stock Analysis Report |
35366.0 | 2022-08-14 00:00:00 UTC | Arcosa Inc Shares Close in on 52-Week High - Market Mover | ACA | https://www.nasdaq.com/articles/arcosa-inc-shares-close-in-on-52-week-high-market-mover-0 | nan | nan | Arcosa Inc (ACA) shares closed today at 0.5% below its 52 week high of $65.33, giving the company a market cap of $3B. The stock is currently up 23.7% year-to-date, up 28.2% over the past 12 months, and up 209.5% over the past five years. This week, the Dow Jones Industrial Average rose 3.3%, and the S&P 500 rose 3.8%.
Trading Activity
Trading volume this week was 11.3% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.8.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the Industrials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by 238.7%
The company's stock price performance over the past 12 months beats the peer average by -422.9%
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arcosa Inc (ACA) shares closed today at 0.5% below its 52 week high of $65.33, giving the company a market cap of $3B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.8. The stock closed below its Bollinger band, indicating it may be oversold. | Arcosa Inc (ACA) shares closed today at 0.5% below its 52 week high of $65.33, giving the company a market cap of $3B. This week, the Dow Jones Industrial Average rose 3.3%, and the S&P 500 rose 3.8%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. | Arcosa Inc (ACA) shares closed today at 0.5% below its 52 week high of $65.33, giving the company a market cap of $3B. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 238.7% The company's stock price performance over the past 12 months beats the peer average by -422.9% This story was produced by the Kwhen Automated News Generator. | Arcosa Inc (ACA) shares closed today at 0.5% below its 52 week high of $65.33, giving the company a market cap of $3B. This week, the Dow Jones Industrial Average rose 3.3%, and the S&P 500 rose 3.8%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. |
35367.0 | 2022-08-14 00:00:00 UTC | This Insider Has Just Sold Shares In Arcosa, Inc. (NYSE:ACA) | ACA | https://www.nasdaq.com/articles/this-insider-has-just-sold-shares-in-arcosa-inc.-nyse%3Aaca | nan | nan | We'd be surprised if Arcosa, Inc. (NYSE:ACA) shareholders haven't noticed that the Independent Director, Ronald Gafford, recently sold US$131k worth of stock at US$65.16 per share. On the bright side, that sale was only 7.3% of their holding, so we doubt it's very meaningful, on its own.
Arcosa Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider sale was by the Group President, Kerry Cole, for US$555k worth of shares, at about US$52.86 per share. That means that an insider was selling shares at slightly below the current price (US$64.84). As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. It is worth noting that this sale was only 31% of Kerry Cole's holding.
Insiders in Arcosa didn't buy any shares in the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
NYSE:ACA Insider Trading Volume August 14th 2022
If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).
Insider Ownership Of Arcosa
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Arcosa insiders own about US$51m worth of shares. That equates to 1.6% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Do The Arcosa Insider Transactions Indicate?
Insiders haven't bought Arcosa stock in the last three months, but there was some selling. And even if we look at the last year, we didn't see any purchases. But since Arcosa is profitable and growing, we're not too worried by this. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We're in no rush to buy! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Arcosa. At Simply Wall St, we found 1 warning sign for Arcosa that deserve your attention before buying any shares.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | We'd be surprised if Arcosa, Inc. (NYSE:ACA) shareholders haven't noticed that the Independent Director, Ronald Gafford, recently sold US$131k worth of stock at US$65.16 per share. NYSE:ACA Insider Trading Volume August 14th 2022 If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. At Simply Wall St, we found 1 warning sign for Arcosa that deserve your attention before buying any shares. | We'd be surprised if Arcosa, Inc. (NYSE:ACA) shareholders haven't noticed that the Independent Director, Ronald Gafford, recently sold US$131k worth of stock at US$65.16 per share. NYSE:ACA Insider Trading Volume August 14th 2022 If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date! | NYSE:ACA Insider Trading Volume August 14th 2022 If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. We'd be surprised if Arcosa, Inc. (NYSE:ACA) shareholders haven't noticed that the Independent Director, Ronald Gafford, recently sold US$131k worth of stock at US$65.16 per share. Arcosa Insider Transactions Over The Last Year Over the last year, we can see that the biggest insider sale was by the Group President, Kerry Cole, for US$555k worth of shares, at about US$52.86 per share. | We'd be surprised if Arcosa, Inc. (NYSE:ACA) shareholders haven't noticed that the Independent Director, Ronald Gafford, recently sold US$131k worth of stock at US$65.16 per share. NYSE:ACA Insider Trading Volume August 14th 2022 If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. Insiders in Arcosa didn't buy any shares in the last year. |
35368.0 | 2022-08-10 00:00:00 UTC | Zacks.com featured highlights include Sensus Healthcare, Super Micro Computer, Universal Logistics Holdings, Arcosa and Celsius Holdings | ACA | https://www.nasdaq.com/articles/zacks.com-featured-highlights-include-sensus-healthcare-super-micro-computer-universal | nan | nan | For Immediate Release
Chicago, IL – August 10, 2022 – Stocks in this week’s article are Sensus Healthcare Inc. SRTS, Super Micro Computer Inc. SMCI, Universal Logistics Holdings Inc. ULH, Arcosa Inc. ACA and Celsius Holdings Inc. CELH.
5 Stocks with Recent Price Strength to Enrich Your Portfolio
Wall Street entered August after an impressive bull run in July. The July rally snapped six months of rigorous market meltdown. Last month was the best since November 2020. The bull run is likely to continue in August supported by better-than-expected second-quarter earnings results and solid economic data. These two positives have eased to some extent the growing concerns of a near-term recession.
A high dose of interest rate therapy and extremely tight monetary control by the Fed to combat the record-high inflation might give positive signals. On Jul 27, Fed Chairman Jerome Powell indicated that the central bank might reduce the magnitude of rate hikes going forward, depending on economic data.
However, both Powell and Treasury Secretary Janet Yellen said that despite two consecutive quarters of U.S. GDP contraction, the economy is not in recession as major macro-economic variables do not indicate so.
In line with the recent Wall Street rally, a handful of stocks have shown price strength. These stocks are likely to gain in the near term buoyed by a favorable Zacks Rank. Five of them are — Sensus Healthcare Inc., Super Micro Computer Inc., Universal Logistics Holdings Inc., Arcosa Inc. and Celsius Holdings Inc..
Here's How We Arrived at the Picks
We have primarily targeted stocks that have freshly been on a bull run. Stocks seeing price strength recently have a high chance of carrying the momentum forward.
If a stock is continuously witnessing an uptrend, there must be a solid reason or it would have probably crashed. So, looking at stocks capable of beating the benchmark that they have set for themselves seems rational.
However, recent price strength alone cannot create magic. Therefore, other relevant parameters are needed to create a successful investment strategy.
Here's how you should create the screen to shortlist the current as well as the potential winners.
Let's discuss five out of these 14 stocks:
Sensus Healthcare is a medical device company specializing in the treatment of non-melanoma skin cancers and other skin conditions, such as keloids, with superficial radiation therapy. SRTS' portfolio of treatment devices consists of the SRT-100 and SRT-100 Vision.
The stock price of Sensus Healthcare has soared 52.8% in the past four weeks. SRTS has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 3.9% over the last 7 days.
Super Micro Computer designs, develops, manufactures and sells energy-efficient, application optimized server solutions based on the x86 architecture. SMCI's solutions include a range of rack mount and blade server systems, as well as components. Super Micro Computer emphasizes superior product design and uncompromising quality control to produce industry-leading server-boards, chassis and server systems.
The stock price of SMCI has jumped 51% in the past four weeks. Super Micro Computer has an expected earnings growth rate of 7.1% for the current year (ending June 2023). The Zacks Consensus Estimate for current-year earnings has improved 17.8% over the last 30 days.
Universal Logistics provides transportation and logistics solutions in the United States, Mexico, Canada, and Colombia. ULH offers truckload services, which include dry van, flatbed, heavy-haul, and refrigerated operations; domestic and international freight forwarding, and customs brokerage services, and final mile and ground expedite services.
The stock price of Universal Logistics has climbed 37.2% in the past four weeks. ULH has an expected earnings growth rate of 80.1% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 2.8% over the last 30 days.
Arcosa is a manufacturer of infrastructure-related products and services for the construction, energy and transportation markets. ACA's principal business segment consists of Construction Products Group, the Energy Equipment Group and the Transportation Products Group.
The stock price of Arcosa has surged 36% in the past four weeks. ACA has an expected earnings growth rate of 7.8% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 13.7% over the last 7 days.
Celsius Holdings specializes in commercializing healthier, nutritional functional foods, beverages and dietary supplements. CELH sells its products through grocery, drug, convenience, club and mass, and health and fitness channels. Celsius Holdings' products are produced in Mooresville, NC, and Monroe, WI. Celsius Holdings serves customers in the United States and internationally.
The stock price of CELH has advanced 29.2% in the past four weeks. Celsius Holdings has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 68% over the last 60 days.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
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For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/1965807/5-stocks-with-recent-price-strength-to-enrich-your-portfolio
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
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Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.
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Super Micro Computer, Inc. (SMCI): Free Stock Analysis Report
Universal Logistics Holdings, Inc. (ULH): Free Stock Analysis Report
Sensus Healthcare, Inc. (SRTS): Free Stock Analysis Report
Celsius Holdings Inc. (CELH): Free Stock Analysis Report
Arcosa, Inc. (ACA): Free Stock Analysis Report
To read this article on Zacks.com click here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For Immediate Release Chicago, IL – August 10, 2022 – Stocks in this week’s article are Sensus Healthcare Inc. SRTS, Super Micro Computer Inc. SMCI, Universal Logistics Holdings Inc. ULH, Arcosa Inc. ACA and Celsius Holdings Inc. CELH. ACA's principal business segment consists of Construction Products Group, the Energy Equipment Group and the Transportation Products Group. ACA has an expected earnings growth rate of 7.8% for the current year. | For Immediate Release Chicago, IL – August 10, 2022 – Stocks in this week’s article are Sensus Healthcare Inc. SRTS, Super Micro Computer Inc. SMCI, Universal Logistics Holdings Inc. ULH, Arcosa Inc. ACA and Celsius Holdings Inc. CELH. ACA's principal business segment consists of Construction Products Group, the Energy Equipment Group and the Transportation Products Group. ACA has an expected earnings growth rate of 7.8% for the current year. | For Immediate Release Chicago, IL – August 10, 2022 – Stocks in this week’s article are Sensus Healthcare Inc. SRTS, Super Micro Computer Inc. SMCI, Universal Logistics Holdings Inc. ULH, Arcosa Inc. ACA and Celsius Holdings Inc. CELH. ACA's principal business segment consists of Construction Products Group, the Energy Equipment Group and the Transportation Products Group. ACA has an expected earnings growth rate of 7.8% for the current year. | For Immediate Release Chicago, IL – August 10, 2022 – Stocks in this week’s article are Sensus Healthcare Inc. SRTS, Super Micro Computer Inc. SMCI, Universal Logistics Holdings Inc. ULH, Arcosa Inc. ACA and Celsius Holdings Inc. CELH. ACA's principal business segment consists of Construction Products Group, the Energy Equipment Group and the Transportation Products Group. ACA has an expected earnings growth rate of 7.8% for the current year. |
35369.0 | 2022-08-09 00:00:00 UTC | Arcosa Inc Shares Close in on 52-Week High - Market Mover | ACA | https://www.nasdaq.com/articles/arcosa-inc-shares-close-in-on-52-week-high-market-mover | nan | nan | Arcosa Inc (ACA) shares closed today at 0.7% below its 52 week high of $64.51, giving the company a market cap of $3B. The stock is currently up 21.9% year-to-date, up 27.8% over the past 12 months, and up 205.0% over the past five years. This week, the Dow Jones Industrial Average rose 1.5%, and the S&P 500 rose 1.3%.
Trading Activity
Trading volume this week was 6.0% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.8.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the Industrials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by 554.1%
The company's stock price performance over the past 12 months beats the peer average by -311.5%
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arcosa Inc (ACA) shares closed today at 0.7% below its 52 week high of $64.51, giving the company a market cap of $3B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.8. The stock closed below its Bollinger band, indicating it may be oversold. | Arcosa Inc (ACA) shares closed today at 0.7% below its 52 week high of $64.51, giving the company a market cap of $3B. This week, the Dow Jones Industrial Average rose 1.5%, and the S&P 500 rose 1.3%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. | Arcosa Inc (ACA) shares closed today at 0.7% below its 52 week high of $64.51, giving the company a market cap of $3B. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 554.1% The company's stock price performance over the past 12 months beats the peer average by -311.5% This story was produced by the Kwhen Automated News Generator. | Arcosa Inc (ACA) shares closed today at 0.7% below its 52 week high of $64.51, giving the company a market cap of $3B. This week, the Dow Jones Industrial Average rose 1.5%, and the S&P 500 rose 1.3%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. |
35370.0 | 2022-08-09 00:00:00 UTC | The Zacks Analyst Blog Highlights HeritageCrystal Clean, Manhattan Associates, Clearfield, AXT and Arcosa | ACA | https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights-heritagecrystal-clean-manhattan-associates-clearfield | nan | nan | For Immediate Release
Chicago, IL – August 9, 2022 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: HeritageCrystal Clean HCCI, Manhattan Associates, Inc. MANH, Clearfield, Inc. CLFD and AXT, Inc. AXTI and Arcosa, Inc. ACA.
Here are highlights from Monday’s Analyst Blog:
Beat the Market Like Zacks with These Stocks in Focus
Two of the three most widely followed indexes closed in the green last week, continuing the recovery, which started last month. The tech-heavy Nasdaq and the S&P 500 advanced 2.2% and 0.4%, respectively, while the Dow Jones Industrial Average fell 0.1% for the week.
Rising inflation, the continued geopolitical crisis and the resultant energy shortage, and COVID-19 flare-ups in China have clouded investor mood for the better part of this year. Fears of an impending recession have also played spoilsport, as has the Taiwan situation.
However, a largely upbeat second-quarter earnings season and some positive economic data have helped the S&P 500 bounce back. Investors continue to keep a keen watch on the inflation data slated to release this week and how it influences the monetary policy of the hawkish Fed, hoping there is no further tightening.
Regardless of market conditions, we, here at Zacks, provide investors with unbiased guidance on how to beat the market.
Zacks Research guided investors last week with its time-tested methodologies as usual. Given the prevailing market uncertainty, you may want to look at our feats to prepare better for your next action.
Here are some of our key achievements from last week:
HeritageCrystal, Manhattan Associates Soar Following Zacks Rank Upgrade
Shares of HeritageCrystal Clean have gained 5% since it was upgraded to a Zacks Rank #1 (Strong Buy) on July 30. The rating upgrade was primarily driven by an upward trend in earnings estimates, one of the most powerful forces impacting stock prices. A company's changing earnings picture is at the core of the Zacks rating.
For HCCI, the consensus EPS estimate of $3.33 for the current year has increased 43.1% over the past month.
Rising earnings estimates and the consequent Zacks Rank upgrade for HCCI imply an improvement in the company's underlying business. Investors have started showing their appreciation for this improving business trend by pushing the stock higher.
Manhattan Associates, Inc., another stock upgraded to a Zacks Rank #1 on July 30, has returned 3.1% over the past week. Over the past month, an 11.3% increase in the current-year consensus EPS estimate has driven the rating upgrade.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +24.8% since 1988. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>
Zacks Recommendation Upgrade Drives Clearfield, AXT Higher
Shares of Clearfield, Inc. and AXT, Inc. have gained 31.4% and 24.9%, respectively, since their Zacks Recommendation was upgraded to Outperform on August 1.
While the Zacks Rank is our short-term rating system that is most effective over the one- to three-month holding horizon, the Zacks Recommendation aims to predict performance over the next 6 to 12 months. However, just like the Zacks Rank, the foundation for the Zacks Recommendation is trends in earnings estimate revisions.
The Zacks Recommendation classifies stocks into three groups — Outperform, Neutral and Underperform. While these recommendations are determined quantitatively, our analysts have the flexibility to override them for the 1100+ stocks they closely follow based on their better judgment of factors such as valuation, industry conditions and management effectiveness than the quantitative model.
To access our research reports with Zacks Recommendations for the 1100+ stocks we cover, click here>>>
Zacks Focus List Model Portfolio Stock Arcosa Surges
Shares of Arcosa, Inc., which belongs to the Zacks Focus List, has shot up 17.5% over the past week. The Zacks Focus List is a model portfolio of 50 hand-picked stocks that possess the right fundamental ingredients to outperform the market over the next 12 months. These 50 stocks are picked from a long list of stocks with the highest Zacks Rank.
Arcosa was added to the Focus List on January 6, 2020, at $45.70 per share. The stock has gained 32.3% since then to close the last trading session at $60.44.
Since its inception on February 1, 1996, the Focus List portfolio has delivered an annualized return of +12.9%.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Want to Know the #1 Semiconductor Stock for 2022?
Few people know how promising the semiconductor market is. Over the last couple of years, disruptions to the supply chain have caused shortages in several industries. The absence of one single semiconductor can stop all operations in certain industries.
This year, companies that create and produce this essential material will have incredible pricing power. For a limited time, Zacks is revealing the top semiconductor stock for 2022. You'll find it in our new Special Report, One Semiconductor Stock Stands to Gain the Most.
Today, it's yours free with no obligation.
>>Give me access to my free special report.
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Manhattan Associates, Inc. (MANH): Free Stock Analysis Report
HeritageCrystal Clean, Inc. (HCCI): Free Stock Analysis Report
AXT Inc (AXTI): Free Stock Analysis Report
Clearfield, Inc. (CLFD): Free Stock Analysis Report
Arcosa, Inc. (ACA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks recently featured in the blog include: HeritageCrystal Clean HCCI, Manhattan Associates, Inc. MANH, Clearfield, Inc. CLFD and AXT, Inc. AXTI and Arcosa, Inc. ACA. Arcosa, Inc. (ACA): Free Stock Analysis Report Here are highlights from Monday’s Analyst Blog: Beat the Market Like Zacks with These Stocks in Focus Two of the three most widely followed indexes closed in the green last week, continuing the recovery, which started last month. | Stocks recently featured in the blog include: HeritageCrystal Clean HCCI, Manhattan Associates, Inc. MANH, Clearfield, Inc. CLFD and AXT, Inc. AXTI and Arcosa, Inc. ACA. Arcosa, Inc. (ACA): Free Stock Analysis Report You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>> Zacks Recommendation Upgrade Drives Clearfield, AXT Higher Shares of Clearfield, Inc. and AXT, Inc. have gained 31.4% and 24.9%, respectively, since their Zacks Recommendation was upgraded to Outperform on August 1. | Stocks recently featured in the blog include: HeritageCrystal Clean HCCI, Manhattan Associates, Inc. MANH, Clearfield, Inc. CLFD and AXT, Inc. AXTI and Arcosa, Inc. ACA. Arcosa, Inc. (ACA): Free Stock Analysis Report The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +24.8% since 1988. | Stocks recently featured in the blog include: HeritageCrystal Clean HCCI, Manhattan Associates, Inc. MANH, Clearfield, Inc. CLFD and AXT, Inc. AXTI and Arcosa, Inc. ACA. Arcosa, Inc. (ACA): Free Stock Analysis Report You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>> Zacks Recommendation Upgrade Drives Clearfield, AXT Higher Shares of Clearfield, Inc. and AXT, Inc. have gained 31.4% and 24.9%, respectively, since their Zacks Recommendation was upgraded to Outperform on August 1. |
35371.0 | 2022-08-09 00:00:00 UTC | Recent Price Trend in Arcosa (ACA) is Your Friend, Here's Why | ACA | https://www.nasdaq.com/articles/recent-price-trend-in-arcosa-aca-is-your-friend-heres-why | nan | nan | While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy.
Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, etc. -- that could keep the momentum in the stock going.
Our "Recent Price Strength" screen, which is created on a unique short-term trading strategy, could be pretty useful in this regard. This predefined screen makes it really easy to shortlist the stocks that have enough fundamental strength to maintain their recent uptrend. Also, the screen passes only the stocks that are trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness.
Arcosa (ACA) is one of the several suitable candidates that passed through the screen. Here are the key reasons why it could be a profitable bet for "trend" investors.
A solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a stock. ACA is quite a good fit in this regard, gaining 19.2% over this period.
However, it's not enough to look at the price change for around three months, as it doesn't reflect any trend reversal that might have happened in a shorter time frame. It's important for a potential winner to maintain the price trend. A price increase of 37.2% over the past four weeks ensures that the trend is still in place for the stock of this provider of infrastructure-related products and services.
Moreover, ACA is currently trading at 93.1% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.
Looking at the fundamentals, the stock currently carries a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock's near-term price movements.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock's near-term price performance.
So, the price trend in ACA may not reverse anytime soon.
In addition to ACA, there are several other stocks that currently pass through our "Recent Price Strength" screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.
This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.
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Want to Know the #1 Semiconductor Stock for 2022?
Few people know how promising the semiconductor market is. Over the last couple of years, disruptions to the supply chain have caused shortages in several industries. The absence of one single semiconductor can stop all operations in certain industries.
This year, companies that create and produce this essential material will have incredible pricing power. For a limited time, Zacks is revealing the top semiconductor stock for 2022. You'll find it in our new Special Report, One Semiconductor Stock Stands to Gain the Most.
Today, it's yours free with no obligation.
>>Give me access to my free special report.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Arcosa, Inc. (ACA): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arcosa (ACA) is one of the several suitable candidates that passed through the screen. ACA is quite a good fit in this regard, gaining 19.2% over this period. Moreover, ACA is currently trading at 93.1% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout. | Arcosa (ACA) is one of the several suitable candidates that passed through the screen. ACA is quite a good fit in this regard, gaining 19.2% over this period. Moreover, ACA is currently trading at 93.1% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout. | Arcosa (ACA) is one of the several suitable candidates that passed through the screen. ACA is quite a good fit in this regard, gaining 19.2% over this period. Moreover, ACA is currently trading at 93.1% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout. | So, the price trend in ACA may not reverse anytime soon. Arcosa (ACA) is one of the several suitable candidates that passed through the screen. ACA is quite a good fit in this regard, gaining 19.2% over this period. |
35372.0 | 2022-08-08 00:00:00 UTC | Arcosa Inc Shares Near 52-Week High - Market Mover | ACA | https://www.nasdaq.com/articles/arcosa-inc-shares-near-52-week-high-market-mover-0 | nan | nan | Arcosa Inc (ACA) shares closed today at 1.9% below its 52 week high of $63.23, giving the company a market cap of $2B. The stock is currently up 18.0% year-to-date, up 23.8% over the past 12 months, and up 195.2% over the past five years. This week, the Dow Jones Industrial Average rose 1.2%, and the S&P 500 rose 0.8%.
Trading Activity
Trading volume this week was 47.7% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.8.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the Industrials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by 3879.1%
The company's stock price performance over the past 12 months beats the peer average by -277.3%
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arcosa Inc (ACA) shares closed today at 1.9% below its 52 week high of $63.23, giving the company a market cap of $2B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.8. The stock closed below its Bollinger band, indicating it may be oversold. | Arcosa Inc (ACA) shares closed today at 1.9% below its 52 week high of $63.23, giving the company a market cap of $2B. This week, the Dow Jones Industrial Average rose 1.2%, and the S&P 500 rose 0.8%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. | Arcosa Inc (ACA) shares closed today at 1.9% below its 52 week high of $63.23, giving the company a market cap of $2B. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 3879.1% The company's stock price performance over the past 12 months beats the peer average by -277.3% This story was produced by the Kwhen Automated News Generator. | Arcosa Inc (ACA) shares closed today at 1.9% below its 52 week high of $63.23, giving the company a market cap of $2B. This week, the Dow Jones Industrial Average rose 1.2%, and the S&P 500 rose 0.8%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. |
35373.0 | 2022-08-08 00:00:00 UTC | Beat the Market Like Zacks: Procter & Gamble (PG), Intuit (INTU), Fastenal (FAST) in Focus | ACA | https://www.nasdaq.com/articles/beat-the-market-like-zacks%3A-procter-gamble-pg-intuit-intu-fastenal-fast-in-focus | nan | nan | Two of the three most widely followed indexes closed in the green last week, continuing the recovery, which started last month. The tech-heavy Nasdaq and the S&P 500 advanced 2.2% and 0.4%, respectively, while the Dow Jones Industrial Average fell 0.1% for the week.
Rising inflation, the continued geopolitical crisis and the resultant energy shortage, and COVID-19 flare-ups in China have clouded investor mood for the better part of this year. Fears of an impending recession have also played spoilsport, as has the Taiwan situation.
However, a largely upbeat second-quarter earnings season and some positive economic data have helped the S&P 500 bounce back. Investors continue to keep a keen watch on the inflation data slated to release this week and how it influences the monetary policy of the hawkish Fed, hoping there is no further tightening.
Regardless of market conditions, we, here at Zacks, provide investors with unbiased guidance on how to beat the market.
Zacks Research guided investors last week with its time-tested methodologies as usual. Given the prevailing market uncertainty, you may want to look at our feats to prepare better for your next action.
Here are some of our key achievements from last week:
HeritageCrystal, Manhattan Associates Soar Following Zacks Rank Upgrade
Shares of HeritageCrystal Clean HCCI have gained 5% since it was upgraded to a Zacks Rank #1 (Strong Buy) on July 30. The rating upgrade was primarily driven by an upward trend in earnings estimates, one of the most powerful forces impacting stock prices. A company's changing earnings picture is at the core of the Zacks rating.
For HCCI, the consensus EPS estimate of $3.33 for the current year has increased 43.1% over the past month.
Rising earnings estimates and the consequent Zacks Rank upgrade for HCCI imply an improvement in the company's underlying business. Investors have started showing their appreciation for this improving business trend by pushing the stock higher.
Check HeritageCrystal’s historical EPS and Sales here>>>
Manhattan Associates, Inc. MANH, another stock upgraded to a Zacks Rank #1 on July 30, has returned 3.1% over the past week. Over the past month, an 11.3% increase in the current-year consensus EPS estimate has driven the rating upgrade.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +24.8% since 1988. You can see the complete list of today’s Zacks Rank #1 (Strong Buy) stocks here >>>
Check Manhattan Associates’ historical EPS and Sales here>>>
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Zacks Recommendation Upgrade Drives Clearfield, AXT Higher
Shares of Clearfield, Inc. CLFD and AXT, Inc. AXTI have gained 31.4% and 24.9%, respectively, since their Zacks Recommendation was upgraded to Outperform on August 1.
While the Zacks Rank is our short-term rating system that is most effective over the one- to three-month holding horizon, the Zacks Recommendation aims to predict performance over the next 6 to 12 months. However, just like the Zacks Rank, the foundation for the Zacks Recommendation is trends in earnings estimate revisions.
The Zacks Recommendation classifies stocks into three groups — Outperform, Neutral and Underperform. While these recommendations are determined quantitatively, our analysts have the flexibility to override them for the 1100+ stocks they closely follow based on their better judgment of factors such as valuation, industry conditions and management effectiveness than the quantitative model.
To access our research reports with Zacks Recommendations for the 1100+ stocks we cover, click here>>>
Zacks Focus List Model Portfolio Stock Arcosa Surges
Shares of Arcosa, Inc. ACA, which belongs to the Zacks Focus List, have shot up 17.5% over the past week. The Zacks Focus List is a model portfolio of 50 hand-picked stocks that possess the right fundamental ingredients to outperform the market over the next 12 months. These 50 stocks are picked from a long list of stocks with the highest Zacks Rank.
Arcosa was added to the Focus List on January 6, 2020, at $45.70 per share. The stock has gained 32.3% since then to close the last trading session at $60.44.
Since its inception on February 1, 1996, the Focus List portfolio has delivered an annualized return of +12.9%.
Unlock all of our powerful research, tools and analysis, including the Focus List, Zacks #1 Rank List, Equity Research Reports, Zacks Earnings ESP Filter, Premium Screener and more, as part of Zacks Premium. Gain full access now >>
Zacks ECAP Stock Procter & Gamble Outperforms the Market
The Procter & Gamble Company PG, a component of our Earnings Certain Admiral Portfolio (ECAP), surged 4.2% last week. ECAP is a model portfolio of 30 concentrated, ultra-defensive, long-term Buy and Hold stocks.
With little to no turnover and annual rebalance periodicity, the ECAP seeks to minimize capital loss by holding shares of companies whose earnings streams exhibit a proven 20+ year track record of surviving recessionary periods with minimal impact on aggregate earnings growth relative to the overall S&P 500.
In terms of last week’s returns, Intercontinental Exchange, Inc. ICE and Intuit Inc. INTU followed Procter & Gamble with 3% and 2.8% gains, respectively.
The ECAP and many other model portfolios are available as part of Zacks Advisor Tools, a cloud-based solution to access Zacks award-winning stock, mutual fund and ETF research. Click here to schedule a demo.
Zacks ECDP Stock Fastenal Witnesses Price Increase
Fastenal Company FAST, a part of our Earnings Certain Dividend Portfolio (ECDP), jumped 3.1% last week. The inclination of investors toward quality dividend stocks to secure an income stream amid the heightened market volatility contributed to this performance. Check Fastenal’s dividend history here>>>
With an extremely low Beta and a history of minimum earnings variability over the last 20+ years, this 25-stock portfolio helps significantly mitigate risk. The ECDP has consistently outperformed the S&P 500 Dividend Aristocrats ETF NOBL.
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How to Profit from the Hot Electric Vehicle Industry
Global electric car sales in 2021 more than doubled their 2020 numbers. And today, the electric vehicle (EV) technology and very nature of the business is changing quickly. The next push for future technologies is happening now and investors who get in early could see exceptional profits.
See Zacks' Top Stocks to Profit from the EV Revolution >>
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Intercontinental Exchange Inc. (ICE): Free Stock Analysis Report
Procter & Gamble Company The (PG): Free Stock Analysis Report
Fastenal Company (FAST): Free Stock Analysis Report
Intuit Inc. (INTU): Free Stock Analysis Report
Manhattan Associates, Inc. (MANH): Free Stock Analysis Report
HeritageCrystal Clean, Inc. (HCCI): Free Stock Analysis Report
AXT Inc (AXTI): Free Stock Analysis Report
Clearfield, Inc. (CLFD): Free Stock Analysis Report
ProShares S&P 500 Dividend Aristocrats ETF (NOBL): ETF Research Reports
Arcosa, Inc. (ACA): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | To access our research reports with Zacks Recommendations for the 1100+ stocks we cover, click here>>> Zacks Focus List Model Portfolio Stock Arcosa Surges Shares of Arcosa, Inc. ACA, which belongs to the Zacks Focus List, have shot up 17.5% over the past week. Arcosa, Inc. (ACA): Free Stock Analysis Report Rising inflation, the continued geopolitical crisis and the resultant energy shortage, and COVID-19 flare-ups in China have clouded investor mood for the better part of this year. | To access our research reports with Zacks Recommendations for the 1100+ stocks we cover, click here>>> Zacks Focus List Model Portfolio Stock Arcosa Surges Shares of Arcosa, Inc. ACA, which belongs to the Zacks Focus List, have shot up 17.5% over the past week. Arcosa, Inc. (ACA): Free Stock Analysis Report Here are some of our key achievements from last week: HeritageCrystal, Manhattan Associates Soar Following Zacks Rank Upgrade Shares of HeritageCrystal Clean HCCI have gained 5% since it was upgraded to a Zacks Rank #1 (Strong Buy) on July 30. | To access our research reports with Zacks Recommendations for the 1100+ stocks we cover, click here>>> Zacks Focus List Model Portfolio Stock Arcosa Surges Shares of Arcosa, Inc. ACA, which belongs to the Zacks Focus List, have shot up 17.5% over the past week. Arcosa, Inc. (ACA): Free Stock Analysis Report The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +24.8% since 1988. | To access our research reports with Zacks Recommendations for the 1100+ stocks we cover, click here>>> Zacks Focus List Model Portfolio Stock Arcosa Surges Shares of Arcosa, Inc. ACA, which belongs to the Zacks Focus List, have shot up 17.5% over the past week. Arcosa, Inc. (ACA): Free Stock Analysis Report The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +24.8% since 1988. |
35374.0 | 2022-08-03 00:00:00 UTC | Arcosa (ACA) Q2 Earnings and Revenues Surpass Estimates | ACA | https://www.nasdaq.com/articles/arcosa-aca-q2-earnings-and-revenues-surpass-estimates | nan | nan | Arcosa (ACA) came out with quarterly earnings of $0.83 per share, beating the Zacks Consensus Estimate of $0.46 per share. This compares to earnings of $0.60 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 80.43%. A quarter ago, it was expected that this provider of infrastructure-related products and services would post earnings of $0.22 per share when it actually produced earnings of $0.42, delivering a surprise of 90.91%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Arcosa, which belongs to the Zacks Building Products - Miscellaneous industry, posted revenues of $602.8 million for the quarter ended June 2022, surpassing the Zacks Consensus Estimate by 10.20%. This compares to year-ago revenues of $515.1 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Arcosa shares have lost about 1.8% since the beginning of the year versus the S&P 500's decline of -14.2%.
What's Next for Arcosa?
While Arcosa has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Arcosa: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.59 on $569.9 million in revenues for the coming quarter and $1.83 on $2.15 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Building Products - Miscellaneous is currently in the top 38% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Williams Industrial Services (WLMS), another stock in the same industry, has yet to report results for the quarter ended June 2022. The results are expected to be released on August 11.
This provider of services and products for the energy industry is expected to post quarterly earnings of $0.03 per share in its upcoming report, which represents a year-over-year change of -70%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Williams Industrial Services' revenues are expected to be $78.45 million, down 14.3% from the year-ago quarter.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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Arcosa, Inc. (ACA): Free Stock Analysis Report
WILLIAMS INDUSTRIAL SERVICES GROUP INC. (WLMS): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arcosa (ACA) came out with quarterly earnings of $0.83 per share, beating the Zacks Consensus Estimate of $0.46 per share. Arcosa, Inc. (ACA): Free Stock Analysis Report While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. | Arcosa (ACA) came out with quarterly earnings of $0.83 per share, beating the Zacks Consensus Estimate of $0.46 per share. Arcosa, Inc. (ACA): Free Stock Analysis Report Arcosa, which belongs to the Zacks Building Products - Miscellaneous industry, posted revenues of $602.8 million for the quarter ended June 2022, surpassing the Zacks Consensus Estimate by 10.20%. | Arcosa (ACA) came out with quarterly earnings of $0.83 per share, beating the Zacks Consensus Estimate of $0.46 per share. Arcosa, Inc. (ACA): Free Stock Analysis Report Arcosa, which belongs to the Zacks Building Products - Miscellaneous industry, posted revenues of $602.8 million for the quarter ended June 2022, surpassing the Zacks Consensus Estimate by 10.20%. | Arcosa (ACA) came out with quarterly earnings of $0.83 per share, beating the Zacks Consensus Estimate of $0.46 per share. Arcosa, Inc. (ACA): Free Stock Analysis Report The company has topped consensus revenue estimates three times over the last four quarters. |
35375.0 | 2022-08-02 00:00:00 UTC | Arcosa Inc Shares Near 52-Week High - Market Mover | ACA | https://www.nasdaq.com/articles/arcosa-inc-shares-near-52-week-high-market-mover | nan | nan | Arcosa Inc (ACA) shares closed today at 1.3% below its 52 week high of $59.70, giving the company a market cap of $2B. The stock is currently down 2.4% year-to-date, down 4.4% over the past 12 months, and up 144.3% over the past five years. This week, the Dow Jones Industrial Average rose 1.9%, and the S&P 500 rose 3.3%.
Trading Activity
Trading volume this week was 19.3% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.8.
Technical Indicators
The Relative Strength Index (RSI) on the stock was between 30 and 70.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the Industrials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date lags the peer average by -3591.8%
The company's stock price performance over the past 12 months beats the peer average by -60.9%
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arcosa Inc (ACA) shares closed today at 1.3% below its 52 week high of $59.70, giving the company a market cap of $2B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.8. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70. | Arcosa Inc (ACA) shares closed today at 1.3% below its 52 week high of $59.70, giving the company a market cap of $2B. This week, the Dow Jones Industrial Average rose 1.9%, and the S&P 500 rose 3.3%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -3591.8% The company's stock price performance over the past 12 months beats the peer average by -60.9% | Arcosa Inc (ACA) shares closed today at 1.3% below its 52 week high of $59.70, giving the company a market cap of $2B. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -3591.8% The company's stock price performance over the past 12 months beats the peer average by -60.9% This story was produced by the Kwhen Automated News Generator. | Arcosa Inc (ACA) shares closed today at 1.3% below its 52 week high of $59.70, giving the company a market cap of $2B. This week, the Dow Jones Industrial Average rose 1.9%, and the S&P 500 rose 3.3%. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70. |
35376.0 | 2022-07-14 00:00:00 UTC | Masco's (MAS) Kichler Unveils Lifestyle-Inspired Ceiling Fans | ACA | https://www.nasdaq.com/articles/mascos-mas-kichler-unveils-lifestyle-inspired-ceiling-fans | nan | nan | Kichler Lighting LLC, an industry-leading brand of Masco Corporation MAS, introduced a new collection to its ceiling fan line. This sophisticated, lifestyle-inspired collection includes nine new families and 33 SKUs.
Scott Williams, product manager, Kichler ceiling fans, stated, "Our new lines give homeowners and designers the character-defining elements they want, along with the performance they need. From cottagecore to modern industrial, Kichler's ceiling fans go far beyond functional to deliver trend-forward designs that transform indoor and outdoor living areas."
Shares of the company inched up 0.7% on Jul 13.
Masco’s Decorative Architectural Products segment offers decorative indoor and outdoor lighting fixtures, ceiling fans, landscape lighting and LED lighting systems through the KICHLER and ÉLAN brands and other trademarks.
Since 1938, Kichler has been focusing on strengthening and growing relationships with its customers and their friends and family. Its high-quality products have the only class 4 lab in the U.S. — ensuring verified specifications and safety for every fixture the company delivers.
In first-quarter 2022, the segment reported sales of $842 million, up 17% from the prior-year period’s number. Adjusted EBITDA rose 9.2% from the prior-year period’s reading.
Image Source: Zacks Investment Research
Shares of Masco have gained 7.7% against the Zacks Building Products – Miscellaneous industry’s 10.8% in the past three months. Earnings estimates for 2022 reflects 14.9% year-over-year growth.
Zacks Rank
Currently, MAS has a Zacks Rank #4 (Sell). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Some Better-Ranked Stocks in the Broader Construction Sector
Arcosa, Inc. ACA: This Dallas, TX-based company provides infrastructure-related products and solutions. The company is focused on its long-term vision to lower the complexity of Arcosa’s overall portfolio and shift its business mix toward less cyclical, higher-margin growth opportunities that leverage core strengths and drive long-term shareholder value creation.
Recently, it signed a deal to sell its storage tanks business and will invest the proceeds into its key growth businesses. Also, ACA’s inorganic drive to expand its portfolio, improved efficiencies in utility structures business and solid execution in cyclical businesses, should drive growth.
Arcosa, a Zacks Rank #1 stock, has seen an upward estimate revision for 2022 earnings over the past 60 days to $1.83 per share from $1.79.
Quanex Building Products Corp. NX: This Houston, TX-based company provides components for the fenestration industry worldwide. Despite ongoing challenges related to inflation and the supply chain, NX registered higher demand for its products during the second quarter of fiscal 2022 and started to see the benefit of its pass-through pricing strategy, which drove revenue growth and improved profitability.
The company expects further margin expansion in the second half of fiscal 2022 despite inflationary pressure. It is focused on generating cash, paying down debt and opportunistically repurchasing stock.
Quanex has seen a 21.8% upward estimate revision for fiscal 2022 earnings over the past 30 days. This Zacks Rank #1 company’s earnings for fiscal 2022 are expected to rise 34.3% from fiscal 2021.
TopBuild Corp. BLD: TopBuild currently carries a Zacks Rank #2 (Buy). This Daytona Beach, FL-based company is an installer and distributor of insulation and other building products to the U.S. construction industry. The company has been benefitting from increased sales volume, a solid contribution from acquisitions and pricing at both businesses and defying the labor and material-constrained market.
TopBuild delivered an earnings surprise of 8.7%, on average, in three of the trailing four. The Zacks Consensus Estimate for 2022 earnings reflects 37.6% year-over-year growth.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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Masco Corporation (MAS): Free Stock Analysis Report
Quanex Building Products Corporation (NX): Free Stock Analysis Report
TopBuild Corp. (BLD): Free Stock Analysis Report
Arcosa, Inc. (ACA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Some Better-Ranked Stocks in the Broader Construction Sector Arcosa, Inc. ACA: This Dallas, TX-based company provides infrastructure-related products and solutions. Also, ACA’s inorganic drive to expand its portfolio, improved efficiencies in utility structures business and solid execution in cyclical businesses, should drive growth. Arcosa, Inc. (ACA): Free Stock Analysis Report | Some Better-Ranked Stocks in the Broader Construction Sector Arcosa, Inc. ACA: This Dallas, TX-based company provides infrastructure-related products and solutions. Also, ACA’s inorganic drive to expand its portfolio, improved efficiencies in utility structures business and solid execution in cyclical businesses, should drive growth. Arcosa, Inc. (ACA): Free Stock Analysis Report | Some Better-Ranked Stocks in the Broader Construction Sector Arcosa, Inc. ACA: This Dallas, TX-based company provides infrastructure-related products and solutions. Also, ACA’s inorganic drive to expand its portfolio, improved efficiencies in utility structures business and solid execution in cyclical businesses, should drive growth. Arcosa, Inc. (ACA): Free Stock Analysis Report | Some Better-Ranked Stocks in the Broader Construction Sector Arcosa, Inc. ACA: This Dallas, TX-based company provides infrastructure-related products and solutions. Also, ACA’s inorganic drive to expand its portfolio, improved efficiencies in utility structures business and solid execution in cyclical businesses, should drive growth. Arcosa, Inc. (ACA): Free Stock Analysis Report |
35377.0 | 2022-07-14 00:00:00 UTC | Arcosa Becomes Oversold | ACA | https://www.nasdaq.com/articles/arcosa-becomes-oversold | nan | nan | The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. Arcosa Inc (Symbol: ACA) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.
But making Arcosa Inc an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of ACA entered into oversold territory, changing hands as low as $43.52 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of Arcosa Inc, the RSI reading has hit 29.8 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 40.3. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. Indeed, ACA's recent annualized dividend of 0.2/share (currently paid in quarterly installments) works out to an annual yield of 0.45% based upon the recent $44.72 share price.
A bullish investor could look at ACA's 29.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on ACA is its dividend history. In general, dividends are not always predictable; but, looking at the history chart below can help in judging whether the most recent dividend is likely to continue.
Click here to find out what 9 other oversold dividend stocks you need to know about »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | A bullish investor could look at ACA's 29.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Arcosa Inc (Symbol: ACA) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making Arcosa Inc an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of ACA entered into oversold territory, changing hands as low as $43.52 per share. | Indeed, ACA's recent annualized dividend of 0.2/share (currently paid in quarterly installments) works out to an annual yield of 0.45% based upon the recent $44.72 share price. Arcosa Inc (Symbol: ACA) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making Arcosa Inc an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of ACA entered into oversold territory, changing hands as low as $43.52 per share. | Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on ACA is its dividend history. Arcosa Inc (Symbol: ACA) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making Arcosa Inc an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of ACA entered into oversold territory, changing hands as low as $43.52 per share. | Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on ACA is its dividend history. Arcosa Inc (Symbol: ACA) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making Arcosa Inc an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of ACA entered into oversold territory, changing hands as low as $43.52 per share. |
35378.0 | 2022-07-11 00:00:00 UTC | Armstrong World (AWI) Joins Price Industries, Boosts Innovation | ACA | https://www.nasdaq.com/articles/armstrong-world-awi-joins-price-industries-boosts-innovation | nan | nan | To maintain its position as a leading manufacturer of sustainable ceiling and wall solutions, Armstrong World Industries, Inc. AWI continues partnering and collaborating with various companies. Recently, AWI extended its partnership with Price Industries, a leader in the commercial construction industry.
Both the companies will focus on accelerating the development of holistic solutions to promote healthy indoor spaces. The two companies have launched their first product, the StrataCleanIQ, a ceiling-mounted filtration unit using MERV 13 filtration.
Both companies will continue to develop new products that address the key attributes of healthy spaces. In addition, Armstrong and Price will ally on IEQ research and testing, marketing and industry leadership, including advancing indoor environmental quality (IEQ) standards into commercial building codes.
Price runs industry-leading research and technology centers and has developed deep relationships in the mechanical engineering community. Both the companies has been fulfilling the need for healthy building solutions that support IEQ.
The COVID-19 pandemic highlighted the pressing need for indoor air quality that is influenced by factors like acoustics, light, air quality and thermal comfort. All four components are critical for overall physical and psychological well-being and productivity.
Image Source: Zacks Investment Research
Armstrong’s chief executive officer, Vic Grizzle, said, “Now, more than ever, we see increasing demand for products that can make a meaningful impact on healthy indoor spaces. By building on our complementary strengths and our shared commitment to innovation, customer-centric values and sustainability, I’m confident we can bring the new solutions needed to make every space a healthy space.”
Digital Innovation & New Technology to Drive Growth
Armstrong World remains focused on digitalization initiatives and new technology enhancement. The company is continuously investing in Healthy Spaces and digital initiatives and is optimistic about its contribution to growth. During 2021, the company continued with additional digital investments, with several initiatives focusing on speed and cost benefits for customers.
On March 1, AWI and Irving Consumer Products announced a partnership between their respective Macon, Georgia, facilities. Per the deal, Irving Consumer Products will begin diverting its tissue fiber waste to AWI’s mineral fiber plant. This will help reduce Armstrong’s need to source and purchase recycled newsprint as an input raw material for its ceilings.
In October 2021, AWI teamed up with 9 Foundations, Inc., an independent scientific advisory firm. 9F continues to work towards Armstrong’s focus on manufacturing ceiling and wall solutions based on the most advanced healthy building science and design.
Armstrong World’s shares have underperformed the Zacks Building Products - Miscellaneous industry in the past three months.
Zacks Rank & Key Picks
Currently, Armstrong World carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Arcosa, Inc. ACA: This Dallas, TX-based company provides infrastructure-related products and solutions. The company remains focused on its long-term vision to lessen the complexity of Arcosa’s overall portfolio and shift its business mix toward less cyclical, higher-margin growth opportunities that leverage core strengths and drive long-term shareholder value creation.
Recently, it signed a deal to sell its storage tanks business and aims to invest the proceeds into its key growth businesses. Also, ACA’s inorganic drive to expand its portfolio, improved efficiencies in utility structures business and solid execution in cyclical businesses, should drive growth.
Arcosa, a Zacks Rank #1 stock, has seen an upward estimate revision for 2022 earnings over the past 60 days to $1.83 per share from $1.79.
Quanex Building Products Corp. NX: This Houston, TX-based company provides components for the fenestration industry worldwide. Despite ongoing challenges related to inflation and the supply chain, NX registered higher demand for its products during the second quarter of fiscal 2022 and it has started to see the benefit of its pass-through pricing strategy, which drove revenue growth and improved profitability.
The company expects further margin expansion in the second half of fiscal 2022 despite inflationary pressure. It is focused on generating cash, paying down debt and opportunistically repurchasing stock.
Quanex has seen a 21.8% upward estimate revision for fiscal 2022 earnings over the past 30 days. This Zacks Rank #1 company’s earnings for fiscal 2022 are expected to rise 34.3% from fiscal 2021.
TopBuild Corp. BLD: TopBuild currently carries a Zacks Rank #2 (Buy). This Daytona Beach, FL-based company is an installer and distributor of insulation and other building products to the U.S. construction industry. The company has been benefitting from increased sales volume, solid contribution from acquisitions and pricing at both businesses and defying the labor and material-constrained market.
TopBuild delivered an earnings surprise of 8.7%, on average, in three of the trailing four. The Zacks Consensus Estimate for 2022 earnings reflects 37.6% year-over-year growth.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Quanex Building Products Corporation (NX): Free Stock Analysis Report
Armstrong World Industries, Inc. (AWI): Free Stock Analysis Report
TopBuild Corp. (BLD): Free Stock Analysis Report
Arcosa, Inc. (ACA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arcosa, Inc. ACA: This Dallas, TX-based company provides infrastructure-related products and solutions. Also, ACA’s inorganic drive to expand its portfolio, improved efficiencies in utility structures business and solid execution in cyclical businesses, should drive growth. Arcosa, Inc. (ACA): Free Stock Analysis Report | Arcosa, Inc. ACA: This Dallas, TX-based company provides infrastructure-related products and solutions. Also, ACA’s inorganic drive to expand its portfolio, improved efficiencies in utility structures business and solid execution in cyclical businesses, should drive growth. Arcosa, Inc. (ACA): Free Stock Analysis Report | Arcosa, Inc. ACA: This Dallas, TX-based company provides infrastructure-related products and solutions. Also, ACA’s inorganic drive to expand its portfolio, improved efficiencies in utility structures business and solid execution in cyclical businesses, should drive growth. Arcosa, Inc. (ACA): Free Stock Analysis Report | Arcosa, Inc. ACA: This Dallas, TX-based company provides infrastructure-related products and solutions. Also, ACA’s inorganic drive to expand its portfolio, improved efficiencies in utility structures business and solid execution in cyclical businesses, should drive growth. Arcosa, Inc. (ACA): Free Stock Analysis Report |
35379.0 | 2022-07-01 00:00:00 UTC | Zacks Industry Outlook Highlights United Rentals, Arcosa, Janus International Group, and Quanex Building Products | ACA | https://www.nasdaq.com/articles/zacks-industry-outlook-highlights-united-rentals-arcosa-janus-international-group-and | nan | nan | For Immediate Release
Chicago, IL – July 1, 2022 – Today, Zacks Equity Research discusses United Rentals, Inc. URI, Arcosa, Inc. ACA, Janus International Group, Inc. JBI and Quanex Building Products Corp. NX
Industry: Building Products
Link: https://www.zacks.com/commentary/1946166/4-top-building-products-stocks-to-buy-amid-industry-challenges
Continued supply-chain bottlenecks, investments in new products and higher raw material costs may keep margins under pressure. Also, the current U.S. housing market slowdown is expected to lower demand for Zacks Building Products - Miscellaneous industry players' products. However, companies like United Rentals, Inc., Arcosa, Inc., Janus International Group, Inc. and Quanex Building Products Corp. are set to benefit from operational excellence, geographic and product diversification strategies, accretive buyouts and higher government spending for infrastructural enhancement.
Industry Description
The Zacks Building Products - Miscellaneous industry primarily comprises manufacturers, designers, and distributors of home improvement and building products like ceiling systems, doors, and windows as well as flooring and metal products. Some industry players provide solutions to rehabilitate the aging infrastructure, primarily pipelines in wastewater, water, energy, mining and refining industries.
The companies also manufacture expansion joints and structural bearings, ventilation products, ground-mounted solar racking and commercial greenhouses as well as mail storage (solutions including mailboxes along with package delivery products). Companies in this industrial cohort also rent out equipment to a diverse customer base that includes construction and industrial companies, manufacturers, utilities, municipalities, homeowners as well as government entities.
3 Trends Shaping the Future of the Building Products Industry
Supply Chain & Inflationary Woes: Inflationary headwinds with respect to transportation costs, material costs and energy costs owing to supply chain disruptions have been a pressing concern. Also, rising labor costs are compressing margins. These are dampening the companies' operating performance.
Rising costs related to steel, asphalt, resin and other input materials are compressing margins. Although the companies have been working to recover higher costs through various price increases, they expect this ongoing volatility in material and transportation costs to persist in the near term as well.
Meanwhile, the companies have been witnessing short-term project delays due to material and labor shortages that are impacting upstream building activity. This may result in lower backlog in the near term.
Apart from higher raw material costs, the companies bear expenses related to product launches. If companies are unable to offset these costs through price increases or supply chain initiatives, then it may affect profits.
Also, as the industry players' business prospects are highly correlated with U.S. housing market conditions and repair and remodeling activity, the current slowdown in the market may prove detrimental.
Operational Excellence, Product Innovation & Acquisitions: The industry participants have been carrying out strong cost-saving initiatives like business consolidation, system implementations, plant/branch closures, improvement in the global supply chain and headcount reductions to boost profitability. Industry participants have also been strategically investing in new products, sales and support services, digitally-enabled solutions as well as advanced manufacturing capabilities to boost revenues. The companies are also following a systematic acquisition strategy to supplement organic growth, and expand access to additional markets as well as products.
U.S. Administration's Infrastructural Spending: The industry players are expected to benefit from strong global trends in infrastructure modernization, energy transition, national security, and a potential super-cycle in global supply chain investments. The U.S. administration's endeavor to rebuild the nation's deteriorating roads and bridges and fund new climate-resilient and broadband initiatives is expected to aid the companies.
Zacks Industry Rank Indicates Dull Prospects
The Zacks Building Products – Miscellaneous industry is a 29-stock group within the broader Zacks Construction sector. The industry currently carries a Zacks Industry Rank #185, which places it in the bottom 26% of more than 250 Zacks industries.
The group's Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates solid near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
The industry's positioning in the bottom 50% of the Zacks-ranked industries is a result of negative earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are gradually losing confidence in this group's earnings growth potential. Since May 2022, the industry's earnings estimates for 2022 have been revised downward to $3.52 per share from $3.57.
Despite the industry's gloomy near-term view, we will present a few stocks that one may consider adding to their portfolio. Before that, it's worth taking a look at the industry's shareholder returns and current valuation.
Industry Lags S&P 500 & Sector
The Zacks Building Products – Miscellaneous industry has underperformed the Zacks S&P 500 composite and the broader Zacks Construction sector over the past year.
Over this period, the industry has lost 25.7% compared with the S&P 500's decline of 11.6% and the broader sector's 21.9% decrease.
Industry's Current Valuation
On the basis of the forward 12-month price to earnings, which is a commonly used multiple for valuing building products' stocks, the industry is trading at 11.2X versus the S&P 500's 16.4X and the sector's 9.8X.
Over the past five years, the industry has traded as high as 19.2X, as low as 7X and at a median of 13.9X.
4 Building Product Stocks to Buy Now
We have selected four stocks from the Zacks universe of building products that currently carry a Zacks Rank #1 (Strong Buy) or 2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Quanex Building Products: This Houston, TX-based company provides components for the fenestration industry worldwide. Despite ongoing challenges related to inflation and the supply chain, NX registered higher demand for its products during the second quarter of fiscal 2022, and it has started to see the benefit of its pass-through pricing strategy, which drove revenue growth and improved profitability. The company expects further margin expansion in the second half of fiscal 2022 despite inflationary pressure. It remains focused on generating cash, paying down debt and opportunistically repurchasing stock.
Importantly, Quanex — which has slipped 9.1% in the past year — has seen a 21.8% upward estimate revision for fiscal 2022 earnings over the past 30 days. This Zacks Rank #1 company's earnings for fiscal 2022 are expected to rise 34.3% from fiscal 2021.
Arcosa: This Dallas, TX-based company provides infrastructure-related products and solutions. The company remains focused on its long-term vision to lessen the complexity of Arcosa's overall portfolio and shift its business mix toward less cyclical, higher-margin growth opportunities that leverage core strengths and drive long-term shareholder value creation.
Recently, it has signed a deal to sell its storage tanks business and it aims to invest the proceeds into its key growth businesses. Also, ACA's inorganic drive to expand its portfolio, improved efficiencies in utility structures business, coupled with solid execution in cyclical businesses, should drive growth.
Arcosa, a Zacks Rank #2 stock, has declined 22% over the past year. That said, ACA has seen an upward estimate revision for 2022 earnings over the past 30 days to $1.83 per share from $1.79.
Janus International Group: Headquartered in Temple, GA, this company manufactures, supplies turn-key self-storage and commercial and industrial building solutions. Solid backlog level and project pipeline, productivity improvements, and commercial actions, including pricing, are expected to drive growth. The company is expected to benefit from its one-stop-shop offering with a leading market share position in self-storage doors and related design and installation services.
Janus, also a Zacks Rank #2 stock, has declined 36.3% over the past year. That said, JBI has seen an upward estimate revision for 2022 earnings over the past 60 days to 64 cents per share from 54 cents.
United Rentals: Headquartered in Stamford, CT, United Rentals is the largest equipment rental company in the world. This company has been gaining from better fleet productivity on broad-based rental demand in construction and industrial verticals. It remains optimistic for 2022 buoyed by positive customer sentiments and used equipment demand as well as consistent share growth opportunities in certain non-residential verticals, including power, healthcare, distribution, and technology.
URI, a Zacks Rank #2 stock, has dropped 24.4% over the past year. That said, URI has seen an upward estimate revision of 1.4% for 2022 earnings over the past 60 days to $29.79 per share. The company's earnings for 2022 are expected to increase 35%.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Quanex Building Products Corporation (NX): Free Stock Analysis Report
United Rentals, Inc. (URI): Free Stock Analysis Report
Arcosa, Inc. (ACA): Free Stock Analysis Report
Janus International Group, Inc. (JBI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For Immediate Release Chicago, IL – July 1, 2022 – Today, Zacks Equity Research discusses United Rentals, Inc. URI, Arcosa, Inc. ACA, Janus International Group, Inc. JBI and Quanex Building Products Corp. NX Industry: Building Products Link: https://www.zacks.com/commentary/1946166/4-top-building-products-stocks-to-buy-amid-industry-challenges Continued supply-chain bottlenecks, investments in new products and higher raw material costs may keep margins under pressure. Also, ACA's inorganic drive to expand its portfolio, improved efficiencies in utility structures business, coupled with solid execution in cyclical businesses, should drive growth. That said, ACA has seen an upward estimate revision for 2022 earnings over the past 30 days to $1.83 per share from $1.79. | For Immediate Release Chicago, IL – July 1, 2022 – Today, Zacks Equity Research discusses United Rentals, Inc. URI, Arcosa, Inc. ACA, Janus International Group, Inc. JBI and Quanex Building Products Corp. NX Industry: Building Products Link: https://www.zacks.com/commentary/1946166/4-top-building-products-stocks-to-buy-amid-industry-challenges Continued supply-chain bottlenecks, investments in new products and higher raw material costs may keep margins under pressure. Also, ACA's inorganic drive to expand its portfolio, improved efficiencies in utility structures business, coupled with solid execution in cyclical businesses, should drive growth. That said, ACA has seen an upward estimate revision for 2022 earnings over the past 30 days to $1.83 per share from $1.79. | For Immediate Release Chicago, IL – July 1, 2022 – Today, Zacks Equity Research discusses United Rentals, Inc. URI, Arcosa, Inc. ACA, Janus International Group, Inc. JBI and Quanex Building Products Corp. NX Industry: Building Products Link: https://www.zacks.com/commentary/1946166/4-top-building-products-stocks-to-buy-amid-industry-challenges Continued supply-chain bottlenecks, investments in new products and higher raw material costs may keep margins under pressure. Also, ACA's inorganic drive to expand its portfolio, improved efficiencies in utility structures business, coupled with solid execution in cyclical businesses, should drive growth. That said, ACA has seen an upward estimate revision for 2022 earnings over the past 30 days to $1.83 per share from $1.79. | For Immediate Release Chicago, IL – July 1, 2022 – Today, Zacks Equity Research discusses United Rentals, Inc. URI, Arcosa, Inc. ACA, Janus International Group, Inc. JBI and Quanex Building Products Corp. NX Industry: Building Products Link: https://www.zacks.com/commentary/1946166/4-top-building-products-stocks-to-buy-amid-industry-challenges Continued supply-chain bottlenecks, investments in new products and higher raw material costs may keep margins under pressure. Also, ACA's inorganic drive to expand its portfolio, improved efficiencies in utility structures business, coupled with solid execution in cyclical businesses, should drive growth. That said, ACA has seen an upward estimate revision for 2022 earnings over the past 30 days to $1.83 per share from $1.79. |
35380.0 | 2022-06-30 00:00:00 UTC | 4 Top Building Products Stocks to Buy Amid Industry Challenges | ACA | https://www.nasdaq.com/articles/4-top-building-products-stocks-to-buy-amid-industry-challenges | nan | nan | Continued supply-chain bottlenecks, investments in new products and higher raw material costs may keep margins under pressure. Also, the current U.S. housing market slowdown is expected to lower demand for Zacks Building Products - Miscellaneous industry players’ products. However, companies like United Rentals, Inc. URI, Arcosa, Inc. ACA, Janus International Group, Inc. JBI and Quanex Building Products Corporation NX are set to benefit from operational excellence, geographic and product diversification strategies, accretive buyouts and higher government spending for infrastructural enhancement.
Industry Description
The Zacks Building Products - Miscellaneous industry primarily comprises manufacturers, designers, and distributors of home improvement and building products like ceiling systems, doors, and windows as well as flooring and metal products. Some industry players provide solutions to rehabilitate the aging infrastructure, primarily pipelines in wastewater, water, energy, mining and refining industries. The companies also manufacture expansion joints and structural bearings, ventilation products, ground-mounted solar racking and commercial greenhouses as well as mail storage (solutions including mailboxes along with package delivery products). Companies in this industrial cohort also rent out equipment to a diverse customer base that includes construction and industrial companies, manufacturers, utilities, municipalities, homeowners as well as government entities.
3 Trends Shaping the Future of the Building Products Industry
Supply Chain & Inflationary Woes: Inflationary headwinds with respect to transportation costs, material costs and energy costs owing to supply chain disruptions have been a pressing concern. Also, rising labor costs are compressing margins. These are dampening the companies’ operating performance. Rising costs related to steel, asphalt, resin and other input materials are compressing margins. Although the companies have been working to recover higher costs through various price increases, they expect this ongoing volatility in material and transportation costs to persist in the near term as well. Meanwhile, the companies have been witnessing short-term project delays due to material and labor shortages that are impacting upstream building activity. This may result in lower backlog in the near term.
Apart from higher raw material costs, the companies bear expenses related to product launches. If companies are unable to offset these costs through price increases or supply chain initiatives, then it may affect profits.
Also, as the industry players’ business prospects are highly correlated with U.S. housing market conditions and repair and remodeling activity, the current slowdown in the market may prove detrimental.
Operational Excellence, Product Innovation & Acquisitions: The industry participants have been carrying out strong cost-saving initiatives like business consolidation, system implementations, plant/branch closures, improvement in the global supply chain and headcount reductions to boost profitability. Industry participants have also been strategically investing in new products, sales and support services, digitally-enabled solutions as well as advanced manufacturing capabilities to boost revenues. The companies are also following a systematic acquisition strategy to supplement organic growth, and expand access to additional markets as well as products.
U.S. Administration’s Infrastructural Spending: The industry players are expected to benefit from strong global trends in infrastructure modernization, energy transition, national security, and a potential super-cycle in global supply chain investments. The U.S. administration’s endeavor to rebuild the nation’s deteriorating roads and bridges and fund new climate-resilient and broadband initiatives is expected to aid the companies.
Zacks Industry Rank Indicates Dull Prospects
The Zacks Building Products – Miscellaneous industry is a 29-stock group within the broader Zacks Construction sector. The industry currently carries a Zacks Industry Rank #185, which places it in the bottom 26% of more than 250 Zacks industries.
The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates solid near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
The industry’s positioning in the bottom 50% of the Zacks-ranked industries is a result of negative earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are gradually losing confidence in this group’s earnings growth potential. Since May 2022, the industry’s earnings estimates for 2022 have been revised downward to $3.52 per share from $3.57.
Despite the industry’s gloomy near-term view, we will present a few stocks that one may consider adding to their portfolio. Before that, it’s worth taking a look at the industry’s shareholder returns and current valuation.
Industry Lags S&P 500 & Sector
The Zacks Building Products – Miscellaneous industry has underperformed the Zacks S&P 500 composite and the broader Zacks Construction sector over the past year.
Over this period, the industry has lost 25.7% compared with the S&P 500’s decline of 11.6% and the broader sector’s 21.9% decrease.
One-Year Price Performance
Industry's Current Valuation
On the basis of the forward 12-month price to earnings, which is a commonly used multiple for valuing building products’ stocks, the industry is trading at 11.2X versus the S&P 500’s 16.4X and the sector’s 9.8X.
Over the past five years, the industry has traded as high as 19.2X, as low as 7X and at a median of 13.9X, as the chart below shows.
Industry’s P/E Ratio (Forward 12-Month) Versus S&P 500
4 Building Product Stocks to Buy Now
We have selected four stocks from the Zacks universe of building products that currently carry a Zacks Rank #1 (Strong Buy) or 2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Quanex Building Products: This Houston, TX-based company provides components for the fenestration industry worldwide. Despite ongoing challenges related to inflation and the supply chain, NX registered higher demand for its products during the second quarter of fiscal 2022, and it has started to see the benefit of its pass-through pricing strategy, which drove revenue growth and improved profitability. The company expects further margin expansion in the second half of fiscal 2022 despite inflationary pressure. It remains focused on generating cash, paying down debt and opportunistically repurchasing stock.
Importantly, Quanex — which has slipped 9.1% in the past year — has seen a 21.8% upward estimate revision for fiscal 2022 earnings over the past 30 days. This Zacks Rank #1 company’s earnings for fiscal 2022 are expected to rise 34.3% from fiscal 2021.
Price and Consensus: NX
Arcosa: This Dallas, TX-based company provides infrastructure-related products and solutions. The company remains focused on its long-term vision to lessen the complexity of Arcosa’s overall portfolio and shift its business mix toward less cyclical, higher-margin growth opportunities that leverage core strengths and drive long-term shareholder value creation. Recently, it has signed a deal to sell its storage tanks business and it aims to invest the proceeds into its key growth businesses. Also, ACA’s inorganic drive to expand its portfolio, improved efficiencies in utility structures business, coupled with solid execution in cyclical businesses, should drive growth.
Arcosa, a Zacks Rank #2 stock, has declined 22% over the past year. That said, ACA has seen an upward estimate revision for 2022 earnings over the past 30 days to $1.83 per share from $1.79.
Price and Consensus: ACA
Janus International Group: Headquartered in Temple, GA, this company manufacturers, supplies turn-key self-storage and commercial and industrial building solutions. Solid backlog level and project pipeline, productivity improvements, and commercial actions, including pricing, are expected to drive growth. The company is expected to benefit from its one-stop-shop offering with a leading market share position in self-storage doors and related design and installation services.
Janus, also a Zacks Rank #2 stock, has declined 36.3% over the past year. That said, JBI has seen an upward estimate revision for 2022 earnings over the past 60 days to 64 cents per share from 54 cents.
Price and Consensus: JBI
United Rentals: Headquartered in Stamford, CT, United Rentals is the largest equipment rental company in the world. This company has been gaining from better fleet productivity on broad-based rental demand in construction and industrial verticals. It remains optimistic for 2022 buoyed by positive customer sentiments and used equipment demand as well as consistent share growth opportunities in certain non-residential verticals, including power, healthcare, distribution, and technology.
URI, a Zacks Rank #2 stock, has dropped 24.4% over the past year. That said, URI has seen an upward estimate revision of 1.4% for 2022 earnings over the past 60 days to $29.79 per share. The company’s earnings for 2022 are expected to increase 35%.
Price and Consensus: URI
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United Rentals, Inc. (URI): Free Stock Analysis Report
Quanex Building Products Corporation (NX): Free Stock Analysis Report
Arcosa, Inc. (ACA): Free Stock Analysis Report
Janus International Group, Inc. (JBI): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | However, companies like United Rentals, Inc. URI, Arcosa, Inc. ACA, Janus International Group, Inc. JBI and Quanex Building Products Corporation NX are set to benefit from operational excellence, geographic and product diversification strategies, accretive buyouts and higher government spending for infrastructural enhancement. Also, ACA’s inorganic drive to expand its portfolio, improved efficiencies in utility structures business, coupled with solid execution in cyclical businesses, should drive growth. That said, ACA has seen an upward estimate revision for 2022 earnings over the past 30 days to $1.83 per share from $1.79. | However, companies like United Rentals, Inc. URI, Arcosa, Inc. ACA, Janus International Group, Inc. JBI and Quanex Building Products Corporation NX are set to benefit from operational excellence, geographic and product diversification strategies, accretive buyouts and higher government spending for infrastructural enhancement. Also, ACA’s inorganic drive to expand its portfolio, improved efficiencies in utility structures business, coupled with solid execution in cyclical businesses, should drive growth. That said, ACA has seen an upward estimate revision for 2022 earnings over the past 30 days to $1.83 per share from $1.79. | However, companies like United Rentals, Inc. URI, Arcosa, Inc. ACA, Janus International Group, Inc. JBI and Quanex Building Products Corporation NX are set to benefit from operational excellence, geographic and product diversification strategies, accretive buyouts and higher government spending for infrastructural enhancement. Also, ACA’s inorganic drive to expand its portfolio, improved efficiencies in utility structures business, coupled with solid execution in cyclical businesses, should drive growth. That said, ACA has seen an upward estimate revision for 2022 earnings over the past 30 days to $1.83 per share from $1.79. | However, companies like United Rentals, Inc. URI, Arcosa, Inc. ACA, Janus International Group, Inc. JBI and Quanex Building Products Corporation NX are set to benefit from operational excellence, geographic and product diversification strategies, accretive buyouts and higher government spending for infrastructural enhancement. Also, ACA’s inorganic drive to expand its portfolio, improved efficiencies in utility structures business, coupled with solid execution in cyclical businesses, should drive growth. That said, ACA has seen an upward estimate revision for 2022 earnings over the past 30 days to $1.83 per share from $1.79. |
35381.0 | 2022-06-16 00:00:00 UTC | Arcosa Becomes Oversold (ACA) | ACA | https://www.nasdaq.com/articles/arcosa-becomes-oversold-aca | nan | nan | Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In trading on Thursday, shares of Arcosa Inc (Symbol: ACA) entered into oversold territory, hitting an RSI reading of 26.7, after changing hands as low as $46.42 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 31.8. A bullish investor could look at ACA's 26.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of ACA shares:
Looking at the chart above, ACA's low point in its 52 week range is $43.42 per share, with $60.47 as the 52 week high point — that compares with a last trade of $47.05.
Find out what 9 other oversold stocks you need to know about »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Thursday, shares of Arcosa Inc (Symbol: ACA) entered into oversold territory, hitting an RSI reading of 26.7, after changing hands as low as $46.42 per share. A bullish investor could look at ACA's 26.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of ACA shares: Looking at the chart above, ACA's low point in its 52 week range is $43.42 per share, with $60.47 as the 52 week high point — that compares with a last trade of $47.05. | A bullish investor could look at ACA's 26.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of ACA shares: Looking at the chart above, ACA's low point in its 52 week range is $43.42 per share, with $60.47 as the 52 week high point — that compares with a last trade of $47.05. In trading on Thursday, shares of Arcosa Inc (Symbol: ACA) entered into oversold territory, hitting an RSI reading of 26.7, after changing hands as low as $46.42 per share. | In trading on Thursday, shares of Arcosa Inc (Symbol: ACA) entered into oversold territory, hitting an RSI reading of 26.7, after changing hands as low as $46.42 per share. A bullish investor could look at ACA's 26.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of ACA shares: Looking at the chart above, ACA's low point in its 52 week range is $43.42 per share, with $60.47 as the 52 week high point — that compares with a last trade of $47.05. | In trading on Thursday, shares of Arcosa Inc (Symbol: ACA) entered into oversold territory, hitting an RSI reading of 26.7, after changing hands as low as $46.42 per share. A bullish investor could look at ACA's 26.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of ACA shares: Looking at the chart above, ACA's low point in its 52 week range is $43.42 per share, with $60.47 as the 52 week high point — that compares with a last trade of $47.05. |
35382.0 | 2022-05-17 00:00:00 UTC | ACA Makes Bullish Cross Above Critical Moving Average | ACA | https://www.nasdaq.com/articles/aca-makes-bullish-cross-above-critical-moving-average | nan | nan | In trading on Tuesday, shares of Arcosa Inc (Symbol: ACA) crossed above their 200 day moving average of $52.32, changing hands as high as $54.08 per share. Arcosa Inc shares are currently trading up about 3.7% on the day. The chart below shows the one year performance of ACA shares, versus its 200 day moving average:
Looking at the chart above, ACA's low point in its 52 week range is $43.42 per share, with $64.50 as the 52 week high point — that compares with a last trade of $53.81.
Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Tuesday, shares of Arcosa Inc (Symbol: ACA) crossed above their 200 day moving average of $52.32, changing hands as high as $54.08 per share. The chart below shows the one year performance of ACA shares, versus its 200 day moving average: Looking at the chart above, ACA's low point in its 52 week range is $43.42 per share, with $64.50 as the 52 week high point — that compares with a last trade of $53.81. Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Tuesday, shares of Arcosa Inc (Symbol: ACA) crossed above their 200 day moving average of $52.32, changing hands as high as $54.08 per share. The chart below shows the one year performance of ACA shares, versus its 200 day moving average: Looking at the chart above, ACA's low point in its 52 week range is $43.42 per share, with $64.50 as the 52 week high point — that compares with a last trade of $53.81. Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Tuesday, shares of Arcosa Inc (Symbol: ACA) crossed above their 200 day moving average of $52.32, changing hands as high as $54.08 per share. The chart below shows the one year performance of ACA shares, versus its 200 day moving average: Looking at the chart above, ACA's low point in its 52 week range is $43.42 per share, with $64.50 as the 52 week high point — that compares with a last trade of $53.81. Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Tuesday, shares of Arcosa Inc (Symbol: ACA) crossed above their 200 day moving average of $52.32, changing hands as high as $54.08 per share. The chart below shows the one year performance of ACA shares, versus its 200 day moving average: Looking at the chart above, ACA's low point in its 52 week range is $43.42 per share, with $64.50 as the 52 week high point — that compares with a last trade of $53.81. Arcosa Inc shares are currently trading up about 3.7% on the day. |
35383.0 | 2022-04-28 00:00:00 UTC | Oversold Conditions For Arcosa | ACA | https://www.nasdaq.com/articles/oversold-conditions-for-arcosa | nan | nan | Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In trading on Thursday, shares of Arcosa Inc (Symbol: ACA) entered into oversold territory, hitting an RSI reading of 28.8, after changing hands as low as $51.73 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 42.7. A bullish investor could look at ACA's 28.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of ACA shares:
Looking at the chart above, ACA's low point in its 52 week range is $43.42 per share, with $65.78 as the 52 week high point — that compares with a last trade of $52.18.
Find out what 9 other oversold stocks you need to know about »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Thursday, shares of Arcosa Inc (Symbol: ACA) entered into oversold territory, hitting an RSI reading of 28.8, after changing hands as low as $51.73 per share. A bullish investor could look at ACA's 28.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of ACA shares: Looking at the chart above, ACA's low point in its 52 week range is $43.42 per share, with $65.78 as the 52 week high point — that compares with a last trade of $52.18. | A bullish investor could look at ACA's 28.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of ACA shares: Looking at the chart above, ACA's low point in its 52 week range is $43.42 per share, with $65.78 as the 52 week high point — that compares with a last trade of $52.18. In trading on Thursday, shares of Arcosa Inc (Symbol: ACA) entered into oversold territory, hitting an RSI reading of 28.8, after changing hands as low as $51.73 per share. | In trading on Thursday, shares of Arcosa Inc (Symbol: ACA) entered into oversold territory, hitting an RSI reading of 28.8, after changing hands as low as $51.73 per share. A bullish investor could look at ACA's 28.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of ACA shares: Looking at the chart above, ACA's low point in its 52 week range is $43.42 per share, with $65.78 as the 52 week high point — that compares with a last trade of $52.18. | In trading on Thursday, shares of Arcosa Inc (Symbol: ACA) entered into oversold territory, hitting an RSI reading of 28.8, after changing hands as low as $51.73 per share. A bullish investor could look at ACA's 28.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of ACA shares: Looking at the chart above, ACA's low point in its 52 week range is $43.42 per share, with $65.78 as the 52 week high point — that compares with a last trade of $52.18. |
35384.0 | 2022-04-25 00:00:00 UTC | Arcosa (ACA) Shares Cross Below 200 DMA | ACA | https://www.nasdaq.com/articles/arcosa-aca-shares-cross-below-200-dma | nan | nan | In trading on Monday, shares of Arcosa Inc (Symbol: ACA) crossed below their 200 day moving average of $52.42, changing hands as low as $52.15 per share. Arcosa Inc shares are currently trading down about 3.6% on the day. The chart below shows the one year performance of ACA shares, versus its 200 day moving average:
Looking at the chart above, ACA's low point in its 52 week range is $43.42 per share, with $65.78 as the 52 week high point — that compares with a last trade of $52.25.
Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Monday, shares of Arcosa Inc (Symbol: ACA) crossed below their 200 day moving average of $52.42, changing hands as low as $52.15 per share. The chart below shows the one year performance of ACA shares, versus its 200 day moving average: Looking at the chart above, ACA's low point in its 52 week range is $43.42 per share, with $65.78 as the 52 week high point — that compares with a last trade of $52.25. Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Monday, shares of Arcosa Inc (Symbol: ACA) crossed below their 200 day moving average of $52.42, changing hands as low as $52.15 per share. The chart below shows the one year performance of ACA shares, versus its 200 day moving average: Looking at the chart above, ACA's low point in its 52 week range is $43.42 per share, with $65.78 as the 52 week high point — that compares with a last trade of $52.25. Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Monday, shares of Arcosa Inc (Symbol: ACA) crossed below their 200 day moving average of $52.42, changing hands as low as $52.15 per share. The chart below shows the one year performance of ACA shares, versus its 200 day moving average: Looking at the chart above, ACA's low point in its 52 week range is $43.42 per share, with $65.78 as the 52 week high point — that compares with a last trade of $52.25. Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Monday, shares of Arcosa Inc (Symbol: ACA) crossed below their 200 day moving average of $52.42, changing hands as low as $52.15 per share. The chart below shows the one year performance of ACA shares, versus its 200 day moving average: Looking at the chart above, ACA's low point in its 52 week range is $43.42 per share, with $65.78 as the 52 week high point — that compares with a last trade of $52.25. Arcosa Inc shares are currently trading down about 3.6% on the day. |
35385.0 | 2022-04-11 00:00:00 UTC | Ex-Dividend Reminder: Arcosa, Methode Electronics and Science Applications International | ACA | https://www.nasdaq.com/articles/ex-dividend-reminder%3A-arcosa-methode-electronics-and-science-applications-international | nan | nan | Looking at the universe of stocks we cover at Dividend Channel, on 4/13/22, Arcosa Inc (Symbol: ACA), Methode Electronics Inc (Symbol: MEI), and Science Applications International Corp (Symbol: SAIC) will all trade ex-dividend for their respective upcoming dividends. Arcosa Inc will pay its quarterly dividend of $0.05 on 4/29/22, Methode Electronics Inc will pay its quarterly dividend of $0.14 on 4/29/22, and Science Applications International Corp will pay its quarterly dividend of $0.37 on 4/29/22. As a percentage of ACA's recent stock price of $54.85, this dividend works out to approximately 0.09%, so look for shares of Arcosa Inc to trade 0.09% lower — all else being equal — when ACA shares open for trading on 4/13/22. Similarly, investors should look for MEI to open 0.32% lower in price and for SAIC to open 0.40% lower, all else being equal.
Below are dividend history charts for ACA, MEI, and SAIC, showing historical dividends prior to the most recent ones declared.
Arcosa Inc (Symbol: ACA):
Methode Electronics Inc (Symbol: MEI):
Science Applications International Corp (Symbol: SAIC):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 0.36% for Arcosa Inc, 1.30% for Methode Electronics Inc, and 1.62% for Science Applications International Corp.
Free Report: Top 7%+ Dividends (paid monthly)
In Monday trading, Arcosa Inc shares are currently up about 0.1%, Methode Electronics Inc shares are down about 0.6%, and Science Applications International Corp shares are up about 1% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | As a percentage of ACA's recent stock price of $54.85, this dividend works out to approximately 0.09%, so look for shares of Arcosa Inc to trade 0.09% lower — all else being equal — when ACA shares open for trading on 4/13/22. Looking at the universe of stocks we cover at Dividend Channel, on 4/13/22, Arcosa Inc (Symbol: ACA), Methode Electronics Inc (Symbol: MEI), and Science Applications International Corp (Symbol: SAIC) will all trade ex-dividend for their respective upcoming dividends. Below are dividend history charts for ACA, MEI, and SAIC, showing historical dividends prior to the most recent ones declared. | Looking at the universe of stocks we cover at Dividend Channel, on 4/13/22, Arcosa Inc (Symbol: ACA), Methode Electronics Inc (Symbol: MEI), and Science Applications International Corp (Symbol: SAIC) will all trade ex-dividend for their respective upcoming dividends. Arcosa Inc (Symbol: ACA): Methode Electronics Inc (Symbol: MEI): Science Applications International Corp (Symbol: SAIC): In general, dividends are not always predictable, following the ups and downs of company profits over time. As a percentage of ACA's recent stock price of $54.85, this dividend works out to approximately 0.09%, so look for shares of Arcosa Inc to trade 0.09% lower — all else being equal — when ACA shares open for trading on 4/13/22. | Looking at the universe of stocks we cover at Dividend Channel, on 4/13/22, Arcosa Inc (Symbol: ACA), Methode Electronics Inc (Symbol: MEI), and Science Applications International Corp (Symbol: SAIC) will all trade ex-dividend for their respective upcoming dividends. As a percentage of ACA's recent stock price of $54.85, this dividend works out to approximately 0.09%, so look for shares of Arcosa Inc to trade 0.09% lower — all else being equal — when ACA shares open for trading on 4/13/22. Below are dividend history charts for ACA, MEI, and SAIC, showing historical dividends prior to the most recent ones declared. | As a percentage of ACA's recent stock price of $54.85, this dividend works out to approximately 0.09%, so look for shares of Arcosa Inc to trade 0.09% lower — all else being equal — when ACA shares open for trading on 4/13/22. Arcosa Inc (Symbol: ACA): Methode Electronics Inc (Symbol: MEI): Science Applications International Corp (Symbol: SAIC): In general, dividends are not always predictable, following the ups and downs of company profits over time. Looking at the universe of stocks we cover at Dividend Channel, on 4/13/22, Arcosa Inc (Symbol: ACA), Methode Electronics Inc (Symbol: MEI), and Science Applications International Corp (Symbol: SAIC) will all trade ex-dividend for their respective upcoming dividends. |
35386.0 | 2022-03-03 00:00:00 UTC | New Strong Sell Stocks for March 3rd | ACA | https://www.nasdaq.com/articles/new-strong-sell-stocks-for-march-3rd | nan | nan | Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:
Arcosa ACA: is a manufacturer of infrastructure-related products and services which serves construction, energy and transportation markets. The Zacks Consensus Estimate for its current year earnings has been revised 9% downward over the last 60 days.
Australia & New Zealand Banking Group ANZBY: Principal activities of this company are the provision of general banking services, hire purchase and general finance, life assurance, property development, mortgage lending and other financial services. The Zacks Consensus Estimate for its current year earnings has been revised 6.6% downward over the last 60 days.
FREYR Battery FREY: this company provides cluster-based R&D initiatives and the development of an ecosystem of scientific, commercial and financial stakeholders to support the expansion of the battery value chain. The Zacks Consensus Estimate for its current year earnings has been revised almost 17.4% downward over the last 60 days.
View the entire Zacks Rank #5 List.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: Arcosa ACA: is a manufacturer of infrastructure-related products and services which serves construction, energy and transportation markets. Arcosa, Inc. (ACA): Free Stock Analysis Report Australia & New Zealand Banking Group ANZBY: Principal activities of this company are the provision of general banking services, hire purchase and general finance, life assurance, property development, mortgage lending and other financial services. | Arcosa, Inc. (ACA): Free Stock Analysis Report Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: Arcosa ACA: is a manufacturer of infrastructure-related products and services which serves construction, energy and transportation markets. Australia & New Zealand Banking Group Ltd. (ANZBY): Free Stock Analysis Report | Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: Arcosa ACA: is a manufacturer of infrastructure-related products and services which serves construction, energy and transportation markets. Arcosa, Inc. (ACA): Free Stock Analysis Report The Zacks Consensus Estimate for its current year earnings has been revised 9% downward over the last 60 days. | Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: Arcosa ACA: is a manufacturer of infrastructure-related products and services which serves construction, energy and transportation markets. Arcosa, Inc. (ACA): Free Stock Analysis Report 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. |
35387.0 | 2022-02-17 00:00:00 UTC | Implied SDVY Analyst Target Price: $35 | ACA | https://www.nasdaq.com/articles/implied-sdvy-analyst-target-price%3A-%2435 | nan | nan | Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the First Trust SMID Cap Rising Dividend Achievers ETF (Symbol: SDVY), we found that the implied analyst target price for the ETF based upon its underlying holdings is $34.78 per unit.
With SDVY trading at a recent price near $29.36 per unit, that means that analysts see 18.47% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of SDVY's underlying holdings with notable upside to their analyst target prices are Arcosa Inc (Symbol: ACA), Global Industrial Company (Symbol: GIC), and Strategic Education Inc (Symbol: STRA). Although ACA has traded at a recent price of $47.90/share, the average analyst target is 39.18% higher at $66.67/share. Similarly, GIC has 37.84% upside from the recent share price of $31.92 if the average analyst target price of $44.00/share is reached, and analysts on average are expecting STRA to reach a target price of $72.00/share, which is 31.92% above the recent price of $54.58. Below is a twelve month price history chart comparing the stock performance of ACA, GIC, and STRA:
Below is a summary table of the current analyst target prices discussed above:
NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
First Trust SMID Cap Rising Dividend Achievers ETF SDVY $29.36 $34.78 18.47%
Arcosa Inc ACA $47.90 $66.67 39.18%
Global Industrial Company GIC $31.92 $44.00 37.84%
Strategic Education Inc STRA $54.58 $72.00 31.92%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Although ACA has traded at a recent price of $47.90/share, the average analyst target is 39.18% higher at $66.67/share. First Trust SMID Cap Rising Dividend Achievers ETF SDVY $29.36 $34.78 18.47% Arcosa Inc ACA $47.90 $66.67 39.18% Global Industrial Company GIC $31.92 $44.00 37.84% Strategic Education Inc STRA $54.58 $72.00 31.92% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of SDVY's underlying holdings with notable upside to their analyst target prices are Arcosa Inc (Symbol: ACA), Global Industrial Company (Symbol: GIC), and Strategic Education Inc (Symbol: STRA). | Three of SDVY's underlying holdings with notable upside to their analyst target prices are Arcosa Inc (Symbol: ACA), Global Industrial Company (Symbol: GIC), and Strategic Education Inc (Symbol: STRA). First Trust SMID Cap Rising Dividend Achievers ETF SDVY $29.36 $34.78 18.47% Arcosa Inc ACA $47.90 $66.67 39.18% Global Industrial Company GIC $31.92 $44.00 37.84% Strategic Education Inc STRA $54.58 $72.00 31.92% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Although ACA has traded at a recent price of $47.90/share, the average analyst target is 39.18% higher at $66.67/share. | Three of SDVY's underlying holdings with notable upside to their analyst target prices are Arcosa Inc (Symbol: ACA), Global Industrial Company (Symbol: GIC), and Strategic Education Inc (Symbol: STRA). Although ACA has traded at a recent price of $47.90/share, the average analyst target is 39.18% higher at $66.67/share. Below is a twelve month price history chart comparing the stock performance of ACA, GIC, and STRA: Below is a summary table of the current analyst target prices discussed above: | Three of SDVY's underlying holdings with notable upside to their analyst target prices are Arcosa Inc (Symbol: ACA), Global Industrial Company (Symbol: GIC), and Strategic Education Inc (Symbol: STRA). First Trust SMID Cap Rising Dividend Achievers ETF SDVY $29.36 $34.78 18.47% Arcosa Inc ACA $47.90 $66.67 39.18% Global Industrial Company GIC $31.92 $44.00 37.84% Strategic Education Inc STRA $54.58 $72.00 31.92% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Although ACA has traded at a recent price of $47.90/share, the average analyst target is 39.18% higher at $66.67/share. |
35388.0 | 2022-02-07 00:00:00 UTC | The three-year decline in earnings for Arcosa NYSE:ACA) isn't encouraging, but shareholders are still up 51% over that period | ACA | https://www.nasdaq.com/articles/the-three-year-decline-in-earnings-for-arcosa-nyse%3Aaca-isnt-encouraging-but-shareholders | nan | nan | Arcosa, Inc. (NYSE:ACA) shareholders might be concerned after seeing the share price drop 21% in the last quarter. But at least the stock is up over the last three years. However, it's unlikely many shareholders are elated with the share price gain of 49% over that time, given the rising market.
In light of the stock dropping 3.9% in the past week, we want to investigate the longer term story, and see if fundamentals have been the driver of the company's positive three-year return.
To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).
During the three years of share price growth, Arcosa actually saw its earnings per share (EPS) drop 0.3% per year.
Based on these numbers, we think that the decline in earnings per share may not be a good representation of how the business has changed over the years. Since the change in EPS doesn't seem to correlate with the change in share price, it's worth taking a look at other metrics.
The modest 0.5% dividend yield is unlikely to be propping up the share price. It could be that the revenue growth of 11% per year is viewed as evidence that Arcosa is growing. In that case, the company may be sacrificing current earnings per share to drive growth, and maybe shareholder's faith in better days ahead will be rewarded.
The graphic below depicts how earnings and revenue have changed over time (unveil the exact values by clicking on the image).
NYSE:ACA Earnings and Revenue Growth February 7th 2022
If you are thinking of buying or selling Arcosa stock, you should check out this FREE detailed report on its balance sheet.
What About Dividends?
When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. As it happens, Arcosa's TSR for the last 3 years was 51%, which exceeds the share price return mentioned earlier. And there's no prize for guessing that the dividend payments largely explain the divergence!
A Different Perspective
The last twelve months weren't great for Arcosa shares, which cost holders 28%, including dividends, while the market was up about 5.9%. However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. Investors are up over three years, booking 15% per year, much better than the more recent returns. The recent sell-off could be an opportunity if the business remains sound, so it may be worth checking the fundamental data for signs of a long-term growth trend. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. To that end, you should be aware of the 2 warning signs we've spotted with Arcosa .
If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on US exchanges.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | NYSE:ACA Earnings and Revenue Growth February 7th 2022 If you are thinking of buying or selling Arcosa stock, you should check out this FREE detailed report on its balance sheet. Arcosa, Inc. (NYSE:ACA) shareholders might be concerned after seeing the share price drop 21% in the last quarter. In light of the stock dropping 3.9% in the past week, we want to investigate the longer term story, and see if fundamentals have been the driver of the company's positive three-year return. | Arcosa, Inc. (NYSE:ACA) shareholders might be concerned after seeing the share price drop 21% in the last quarter. NYSE:ACA Earnings and Revenue Growth February 7th 2022 If you are thinking of buying or selling Arcosa stock, you should check out this FREE detailed report on its balance sheet. During the three years of share price growth, Arcosa actually saw its earnings per share (EPS) drop 0.3% per year. | Arcosa, Inc. (NYSE:ACA) shareholders might be concerned after seeing the share price drop 21% in the last quarter. NYSE:ACA Earnings and Revenue Growth February 7th 2022 If you are thinking of buying or selling Arcosa stock, you should check out this FREE detailed report on its balance sheet. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). | Arcosa, Inc. (NYSE:ACA) shareholders might be concerned after seeing the share price drop 21% in the last quarter. NYSE:ACA Earnings and Revenue Growth February 7th 2022 If you are thinking of buying or selling Arcosa stock, you should check out this FREE detailed report on its balance sheet. But at least the stock is up over the last three years. |
35389.0 | 2022-01-27 00:00:00 UTC | Arcosa Inc Shares Fall 3.3% Below Previous 52-Week Low - Market Mover | ACA | https://www.nasdaq.com/articles/arcosa-inc-shares-fall-3.3-below-previous-52-week-low-market-mover | nan | nan | Arcosa Inc (ACA) shares closed 3.3% lower than its previous 52 week low, giving the company a market cap of $2B. The stock is currently down 10.7% year-to-date, down 21.8% over the past 12 months, and up 123.8% over the past five years. This week, the Dow Jones Industrial Average fell 2.5%, and the S&P 500 fell 4.1%.
Trading Activity
Trading volume this week was 15.6% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.6.
Technical Indicators
The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.
MACD, a trend-following momentum indicator, indicates a downward trend.
The stock closed above its Bollinger band, indicating it may be overbought.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the Industrials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date lags the peer average by 45.2%
The company's stock price performance over the past 12 months beats the peer average by -38.6%
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arcosa Inc (ACA) shares closed 3.3% lower than its previous 52 week low, giving the company a market cap of $2B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.6. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by 45.2% The company's stock price performance over the past 12 months beats the peer average by -38.6% | Arcosa Inc (ACA) shares closed 3.3% lower than its previous 52 week low, giving the company a market cap of $2B. This week, the Dow Jones Industrial Average fell 2.5%, and the S&P 500 fell 4.1%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by 45.2% The company's stock price performance over the past 12 months beats the peer average by -38.6% | Arcosa Inc (ACA) shares closed 3.3% lower than its previous 52 week low, giving the company a market cap of $2B. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by 45.2% The company's stock price performance over the past 12 months beats the peer average by -38.6% This story was produced by the Kwhen Automated News Generator. | Arcosa Inc (ACA) shares closed 3.3% lower than its previous 52 week low, giving the company a market cap of $2B. Trading Activity Trading volume this week was 15.6% lower than the 20-day average. Technical Indicators The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. |
35390.0 | 2022-01-26 00:00:00 UTC | Arcosa Inc Shares Approach 52-Week Low - Market Mover | ACA | https://www.nasdaq.com/articles/arcosa-inc-shares-approach-52-week-low-market-mover | nan | nan | Arcosa Inc (ACA) shares closed today at 1.4% above its 52 week low of $46.34, giving the company a market cap of $2B. The stock is currently down 7.9% year-to-date, down 20.7% over the past 12 months, and up 130.9% over the past five years. This week, the Dow Jones Industrial Average fell 3.0%, and the S&P 500 fell 4.8%.
Trading Activity
Trading volume this week was 4.6% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.6.
Technical Indicators
The Relative Strength Index (RSI) on the stock was between 30 and 70.
MACD, a trend-following momentum indicator, indicates a downward trend.
The stock closed above its Bollinger band, indicating it may be overbought.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the Industrials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date lags the peer average by 21.7%
The company's stock price performance over the past 12 months beats the peer average by -41.1%
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arcosa Inc (ACA) shares closed today at 1.4% above its 52 week low of $46.34, giving the company a market cap of $2B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.6. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by 21.7% The company's stock price performance over the past 12 months beats the peer average by -41.1% | Arcosa Inc (ACA) shares closed today at 1.4% above its 52 week low of $46.34, giving the company a market cap of $2B. This week, the Dow Jones Industrial Average fell 3.0%, and the S&P 500 fell 4.8%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by 21.7% The company's stock price performance over the past 12 months beats the peer average by -41.1% | Arcosa Inc (ACA) shares closed today at 1.4% above its 52 week low of $46.34, giving the company a market cap of $2B. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by 21.7% The company's stock price performance over the past 12 months beats the peer average by -41.1% This story was produced by the Kwhen Automated News Generator. | Arcosa Inc (ACA) shares closed today at 1.4% above its 52 week low of $46.34, giving the company a market cap of $2B. This week, the Dow Jones Industrial Average fell 3.0%, and the S&P 500 fell 4.8%. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70. |
35391.0 | 2022-01-11 00:00:00 UTC | Ex-Dividend Reminder: Arcosa, Quaker Houghton and Freeport-McMoran Copper & Gold | ACA | https://www.nasdaq.com/articles/ex-dividend-reminder%3A-arcosa-quaker-houghton-and-freeport-mcmoran-copper-gold | nan | nan | Looking at the universe of stocks we cover at Dividend Channel, on 1/13/22, Arcosa Inc (Symbol: ACA), Quaker Houghton (Symbol: KWR), and Freeport-McMoran Copper & Gold (Symbol: FCX) will all trade ex-dividend for their respective upcoming dividends. Arcosa Inc will pay its quarterly dividend of $0.05 on 1/31/22, Quaker Houghton will pay its quarterly dividend of $0.415 on 1/31/22, and Freeport-McMoran Copper & Gold will pay its quarterly dividend of $0.075 on 2/1/22. As a percentage of ACA's recent stock price of $50.75, this dividend works out to approximately 0.10%, so look for shares of Arcosa Inc to trade 0.10% lower — all else being equal — when ACA shares open for trading on 1/13/22. Similarly, investors should look for KWR to open 0.19% lower in price and for FCX to open 0.18% lower, all else being equal.
Below are dividend history charts for ACA, KWR, and FCX, showing historical dividends prior to the most recent ones declared.
Arcosa Inc (Symbol: ACA):
Quaker Houghton (Symbol: KWR):
Freeport-McMoran Copper & Gold (Symbol: FCX):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 0.39% for Arcosa Inc, 0.74% for Quaker Houghton, and 0.72% for Freeport-McMoran Copper & Gold.
Free Report: Top 7%+ Dividends (paid monthly)
In Tuesday trading, Arcosa Inc shares are currently up about 0.2%, Quaker Houghton shares are up about 0.6%, and Freeport-McMoran Copper & Gold shares are up about 0.1% on the day.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | As a percentage of ACA's recent stock price of $50.75, this dividend works out to approximately 0.10%, so look for shares of Arcosa Inc to trade 0.10% lower — all else being equal — when ACA shares open for trading on 1/13/22. Looking at the universe of stocks we cover at Dividend Channel, on 1/13/22, Arcosa Inc (Symbol: ACA), Quaker Houghton (Symbol: KWR), and Freeport-McMoran Copper & Gold (Symbol: FCX) will all trade ex-dividend for their respective upcoming dividends. Below are dividend history charts for ACA, KWR, and FCX, showing historical dividends prior to the most recent ones declared. | Looking at the universe of stocks we cover at Dividend Channel, on 1/13/22, Arcosa Inc (Symbol: ACA), Quaker Houghton (Symbol: KWR), and Freeport-McMoran Copper & Gold (Symbol: FCX) will all trade ex-dividend for their respective upcoming dividends. Arcosa Inc (Symbol: ACA): Quaker Houghton (Symbol: KWR): Freeport-McMoran Copper & Gold (Symbol: FCX): In general, dividends are not always predictable, following the ups and downs of company profits over time. As a percentage of ACA's recent stock price of $50.75, this dividend works out to approximately 0.10%, so look for shares of Arcosa Inc to trade 0.10% lower — all else being equal — when ACA shares open for trading on 1/13/22. | Looking at the universe of stocks we cover at Dividend Channel, on 1/13/22, Arcosa Inc (Symbol: ACA), Quaker Houghton (Symbol: KWR), and Freeport-McMoran Copper & Gold (Symbol: FCX) will all trade ex-dividend for their respective upcoming dividends. Arcosa Inc (Symbol: ACA): Quaker Houghton (Symbol: KWR): Freeport-McMoran Copper & Gold (Symbol: FCX): In general, dividends are not always predictable, following the ups and downs of company profits over time. As a percentage of ACA's recent stock price of $50.75, this dividend works out to approximately 0.10%, so look for shares of Arcosa Inc to trade 0.10% lower — all else being equal — when ACA shares open for trading on 1/13/22. | As a percentage of ACA's recent stock price of $50.75, this dividend works out to approximately 0.10%, so look for shares of Arcosa Inc to trade 0.10% lower — all else being equal — when ACA shares open for trading on 1/13/22. Looking at the universe of stocks we cover at Dividend Channel, on 1/13/22, Arcosa Inc (Symbol: ACA), Quaker Houghton (Symbol: KWR), and Freeport-McMoran Copper & Gold (Symbol: FCX) will all trade ex-dividend for their respective upcoming dividends. Below are dividend history charts for ACA, KWR, and FCX, showing historical dividends prior to the most recent ones declared. |
35392.0 | 2022-01-08 00:00:00 UTC | Arcosa, Inc. (NYSE:ACA) insiders sold US$2.5m worth of stock suggesting impending weakness. | ACA | https://www.nasdaq.com/articles/arcosa-inc.-nyse%3Aaca-insiders-sold-us%242.5m-worth-of-stock-suggesting-impending-weakness. | nan | nan | In the last year, many Arcosa, Inc. (NYSE:ACA) insiders sold a substantial stake in the company which may have sparked shareholders' attention. When evaluating insider transactions, knowing whether insiders are buying versus if they selling is usually more beneficial, as the latter can be open to many interpretations. However, if numerous insiders are selling, shareholders should investigate more.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we would consider it foolish to ignore insider transactions altogether.
The Last 12 Months Of Insider Transactions At Arcosa
The Group President, Kerry Cole, made the biggest insider sale in the last 12 months. That single transaction was for US$1.0m worth of shares at a price of US$63.36 each. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The silver lining is that this sell-down took place above the latest price (US$51.36). So it is hard to draw any strong conclusion from it.
Insiders in Arcosa didn't buy any shares in the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
NYSE:ACA Insider Trading Volume January 8th 2022
I will like Arcosa better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.
Does Arcosa Boast High Insider Ownership?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Arcosa insiders own about US$39m worth of shares. That equates to 1.6% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
What Might The Insider Transactions At Arcosa Tell Us?
It doesn't really mean much that no insider has traded Arcosa shares in the last quarter. Still, the insider transactions at Arcosa in the last 12 months are not very heartening. But it's good to see that insiders own shares in the company. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. In terms of investment risks, we've identified 1 warning sign with Arcosa and understanding it should be part of your investment process.
But note: Arcosa may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In the last year, many Arcosa, Inc. (NYSE:ACA) insiders sold a substantial stake in the company which may have sparked shareholders' attention. NYSE:ACA Insider Trading Volume January 8th 2022 I will like Arcosa better if I see some big insider buys. While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we would consider it foolish to ignore insider transactions altogether. | In the last year, many Arcosa, Inc. (NYSE:ACA) insiders sold a substantial stake in the company which may have sparked shareholders' attention. NYSE:ACA Insider Trading Volume January 8th 2022 I will like Arcosa better if I see some big insider buys. A high insider ownership often makes company leadership more mindful of shareholder interests. | NYSE:ACA Insider Trading Volume January 8th 2022 I will like Arcosa better if I see some big insider buys. In the last year, many Arcosa, Inc. (NYSE:ACA) insiders sold a substantial stake in the company which may have sparked shareholders' attention. When evaluating insider transactions, knowing whether insiders are buying versus if they selling is usually more beneficial, as the latter can be open to many interpretations. | In the last year, many Arcosa, Inc. (NYSE:ACA) insiders sold a substantial stake in the company which may have sparked shareholders' attention. NYSE:ACA Insider Trading Volume January 8th 2022 I will like Arcosa better if I see some big insider buys. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. |
35393.0 | 2021-11-16 00:00:00 UTC | Bullish Two Hundred Day Moving Average Cross - ACA | ACA | https://www.nasdaq.com/articles/bullish-two-hundred-day-moving-average-cross-aca | nan | nan | In trading on Tuesday, shares of Arcosa Inc (Symbol: ACA) crossed above their 200 day moving average of $57.26, changing hands as high as $57.59 per share. Arcosa Inc shares are currently trading up about 3.4% on the day. The chart below shows the one year performance of ACA shares, versus its 200 day moving average:
Looking at the chart above, ACA's low point in its 52 week range is $48.18 per share, with $68.46 as the 52 week high point — that compares with a last trade of $57.58.
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Click here to find out which 9 other stocks recently crossed above their 200 day moving average »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Tuesday, shares of Arcosa Inc (Symbol: ACA) crossed above their 200 day moving average of $57.26, changing hands as high as $57.59 per share. The chart below shows the one year performance of ACA shares, versus its 200 day moving average: Looking at the chart above, ACA's low point in its 52 week range is $48.18 per share, with $68.46 as the 52 week high point — that compares with a last trade of $57.58. Free Report: Top 7%+ Dividends (paid monthly) Click here to find out which 9 other stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Tuesday, shares of Arcosa Inc (Symbol: ACA) crossed above their 200 day moving average of $57.26, changing hands as high as $57.59 per share. The chart below shows the one year performance of ACA shares, versus its 200 day moving average: Looking at the chart above, ACA's low point in its 52 week range is $48.18 per share, with $68.46 as the 52 week high point — that compares with a last trade of $57.58. Free Report: Top 7%+ Dividends (paid monthly) Click here to find out which 9 other stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Tuesday, shares of Arcosa Inc (Symbol: ACA) crossed above their 200 day moving average of $57.26, changing hands as high as $57.59 per share. The chart below shows the one year performance of ACA shares, versus its 200 day moving average: Looking at the chart above, ACA's low point in its 52 week range is $48.18 per share, with $68.46 as the 52 week high point — that compares with a last trade of $57.58. Free Report: Top 7%+ Dividends (paid monthly) Click here to find out which 9 other stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Tuesday, shares of Arcosa Inc (Symbol: ACA) crossed above their 200 day moving average of $57.26, changing hands as high as $57.59 per share. The chart below shows the one year performance of ACA shares, versus its 200 day moving average: Looking at the chart above, ACA's low point in its 52 week range is $48.18 per share, with $68.46 as the 52 week high point — that compares with a last trade of $57.58. Arcosa Inc shares are currently trading up about 3.4% on the day. |
35394.0 | 2021-11-04 00:00:00 UTC | Arcosa, inc (ACA) Q3 2021 Earnings Call Transcript | ACA | https://www.nasdaq.com/articles/arcosa-inc-aca-q3-2021-earnings-call-transcript-2021-11-04 | nan | nan | Image source: The Motley Fool.
Arcosa, inc (NYSE: ACA)
Q3 2021 Earnings Call
Nov 4, 2021, 8:30 a.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Good morning, ladies and gentlemen and welcome to Arcosa Inc.'s Third Quarter 2021 Earnings Conference Call. My name is Corlas and I will be your conference call coordinator today. [Operator Instructions]
Now I would like to turn the call over to your host, Erin Drabek, Director of Investor Relations for Arcosa. Ms. Drabek, you may begin.
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Erin Drabek -- Director of Investor Relations
Good morning, everyone, and thank you for joining Arcosa's third quarter 2021earnings call With me today are Antonio Carrillo, President and CEO; and Gail Peck CFO. A question-and-answer session will follow their prepared remarks.
A copy of yesterday's press release and the slide presentation for this morning's call are posted on our Investor Relations website www.ir.arcosa.com. A replay of today's call will be available for the next two weeks. Instructions for accessing the replay number are included in the press release. A replay of the webcast will be available for one year on our website under the News and Events tab.
Today's comments and presentation slides contain financial measures that have not been prepared in accordance with GAAP. Reconciliations of non-GAAP financial measures to the closest GAAP measure are included in the appendix of the slide presentation.
In addition, today's conference call contains forward-looking statements, as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. Please refer to the company's SEC filings for more information on these risks and uncertainties, including the press release we filed yesterday and our Form 10-Q expected to be filed later today.
I would now like to turn the call over to Antonio.
Antonio Carrillo -- President and Chief Executive Officer
Thank you, Erin. Good morning and thank you for joining today's call. Starting on slide four. Having just passed our third anniversary as an independent public company, we are pleased to report strong third quarter results, which reflect the success of the efforts we have undertaken to build our business in attractive markets.
Our costs had generated double-digit growth in third quarter revenue and adjusted EBITDA, led by gains in both our Construction Products and Engineered Structures segments, more than offsetting lower year-over-year results in Transportation Products.
Now, I'll discuss several key takes away from our third quarter. The evolution and transformation of our portfolio toward faster growth higher margin businesses is evident in our record third quarter results and I'll provide additional context on the following slides.
Construction Products continues to experience healthy market fundamentals, supported by contributions from both organic initiatives and recent acquisitions. Order activity within our Utility Structures and related product lines was healthy during the quarter and we were pleased to receive approximately $175 million of wind tower orders.
We continue to manage inflationary pressures, mitigating the impact through proactive price adjustments in most of our businesses. High steel prices remain a headwind to order volumes in our barge business and to a lesser extent in our wind tower business.
As we look forward -- as we look to the fourth quarter of 2021 and into 2022, we continue to see favorable market drivers in our Construction and Engineered Structures businesses supporting our outlook. At the same time our wind tower and barge business continue to face short-term headwinds.
Please turn to slide seven. Since becoming an independent public company, we have generated strong revenue increases and margin expansion through the successful execution of our strategy.
We have been able to grow even when some of our larger and more cyclical businesses are navigating at the bottom of their cycles. Over this time frame, our third quarter adjusted EBITDA has increased at a 21% compounded annual growth rate, while we have improved our margin by 240 basis points or nearly 20%. We have achieved this through the evolution of our portfolio toward faster growth and higher-margin businesses and by improving operational efficiencies.
Please turn to slide eight. Today, Arcosa is a fundamentally stronger, more focused and more resilient company. In just three years, our Construction Products business has expanded organically and through acquisitions to represent nearly 60% of our adjusted EBITDA in the third quarter.
Equally important Construction Products represents our highest margin business, elevating Arcosa's overall margin potential. We also have successfully expanded our Engineered Structures business and reduced our reliance on wind towers via operational improvements and the expansion into adjacent products with positive market fundamentals. Together, the investments we have made in the Engineered Structures and Construction businesses have produced a more resilient company focused on attractive infrastructure markets.
Turning to slide 9, I would like to remind you of our long-term strategy. I am proud of the substantial progress we have made as an organization in advancing our long-term vision in these three years. We have been able to make significant progress despite some of our more cyclical businesses being near at the bottom of their cycles. The acquisitions we have made have created a stronger less cyclical company with much higher growth potential.
As we discussed on our last call having completed two sizable acquisitions already this year, StonePoint and Southwest Rock, we intend to focus our near-term efforts on integrating these great businesses, executing on organic opportunities and simplifying our overall portfolio to reduce the complexity of Arcosa. We look forward to sharing some additional progress on future calls.
I will now turn over the call to Gail to discuss our segment performance and then I will return to update you on the outlook of the business.
Gail M. Peck -- Chief Financial Officer
Thank you Antonio. I'll start on slide 11 and touch briefly on Arcosa's consolidated results before moving on to the segment discussion. As Antonio mentioned, we delivered double-digit revenue and EBITDA expansion led by our growth businesses. Like other companies, we are monitoring inflation, supply chain disruptions and COVID and its impact across our portfolio of businesses.
The positive news is we have been proactively raising prices to mitigate the impact on our overall margins. Our consolidated EBITDA margins remained relatively flat during the quarter compared to year-ago levels.
Turning to Construction Products on slide 12. Revenues grew 55% and adjusted EBITDA increased 48% led by acquisition and organic contributions. Segment EBITDA margin increased 190 basis points sequentially from the second quarter to 24%, but decreased from 25.1% in the prior year. Construction activity was strong overall in the third quarter. In our natural aggregates business, the additions of StonePoint and Southwest Rock increased our volumes and we saw a healthy organic increase as well. We experienced pricing gains across most markets supported by strengthening product demand and attractive fundamentals.
Looking at Texas. North and Central Texas had strong volume growth, driven by consistent residential demand and a healthy pipeline of project work. In Houston and along the Gulf Coast, volume was impacted by weather, but was up overall in the quarter. We are seeing some lingering impacts from Hurricane Ida on volumes in Louisiana as ongoing storm recovery efforts are impacting truck driver availability. Our recycled aggregates operation continues to perform well and is a nice complement to our natural aggregates platform.
Turning to Specialty Materials. Revenues and EBITDA were higher year-over-year driven by pricing gains on roughly flat volumes. The demand outlook remains favorable looking across the diverse end markets we serve with a portion of current volumes being impacted by construction delays. We were pleased to see another quarter of strong revenue trends in our trench shoring business, which is performing at pre-COVID levels. Overall the segment delivered strong performance in the third quarter.
Looking at segment margins. The team did a good job mitigating fuel and raw material inflationary pressures, as we are focused on remaining diligent. While accretive to Arcosa's overall margin, StonePoint's margins are currently dilutive to the segment and that contributed to the year-over-year decline.
Turning to Engineered Structures on slide 13. Revenue increased 12% and adjusted EBITDA increased 13% to $32 million, resulting in roughly flat margins compared to last year. On the positive side, our utility structures business performed well with higher sequential and year-over-year EBITDA and margins from improved mix, our successful efforts to mitigate high steel prices and increased throughput.
Our storage tank product line in the US and Mexico is also a bright spot with 48% higher revenue during the quarter and higher margins year-over-year. We benefited from strong residential and commercial demand for propane tanks. As a primarily build to stock business, we continue to closely monitor steel prices and have been successful thus far passing through increases, as the demand environment remains conducive. Strong results from these businesses were partially offset by lower wind tower volumes and margins in the quarter as expected.
As a reminder, second quarter revenue and EBITDA were helped by a $7.7 million favorable resolution of a customer dispute. As we mentioned in yesterday's release, we are taking additional steps in the fourth quarter to align our wind tower capacity with near-term demand uncertainties. Antonio will provide additional commentary in his remarks.
During the quarter we were also impacted by operational challenges in our traffic structures business as we ramped up to meet higher volumes. [Indecipherable] expect segment EBITDA margins of approximately 10% in the fourth quarter for Engineered Structures below our [Indecipherable] target range. I'll wrap up Engineered Structures with some comments on our backlog visibility and the order environment.
At the end of the quarter the combined backlog for utility wind and related structures was approximately $466 million up from approximately $349 million at the end of the second quarter driven by a strong 1.6 times book-to-bill. As Antonio mentioned, we received a large wind tower order during the quarter for 2022 production, where previously we had none. The order has low expected profitability but provides a base level of production visibility. During the quarter the combined order activity for utility and related structures was healthy keeping pace with strong year-over-year revenue increases and underpinning our positive outlook for these businesses.
Moving to Transportation Products on Slide 14. Both revenue and adjusted EBITDA were significantly lower year-over-year, primarily due to a 41% decrease in barge revenue and lower utilization. While still operating at trough volumes, we are pleased to see year-over-year revenue improvement in our components business marking the first quarter of growth since our spin-off as conditions in the North American rail industry slowly improve.
Steel prices continue to suppress new order volumes in our barge business. We received orders of $50 million representing a book-to-bill of just under 1times on a low level of revenues. Pricing of new orders reflect weak market conditions with orders adding to our base level of production in 2022. Our backlog was approximately $130 million for our barge business at the end of the quarter with roughly $86 million scheduled for delivery in 2022.
The idling of our Madisonville Louisiana plant was delayed slightly due to Hurricane Ida and was completed in October. Our backlog provides continuity for our two open facilities into next year, while we remain flexible for an anticipated recovery. Turning to our Components business, we were pleased to see third quarter railcar orders for the industry exceed bookings for the third consecutive quarter and the number of idle railcars and storage continue to decline. Third-party expectations continue to point to higher industry deliveries next year.
Wrapping up on Slide 15, I'll conclude with a few comments on our balance sheet liquidity and free cash flow. As we discussed previously, we used cash on hand and $100 million of borrowings under our revolving credit facility to fund the Southwest Rock acquisition that closed in August. We ended the quarter where we expected from a leverage standpoint with net debt to adjusted EBITDA of 2.3 times. We continue to maintain a healthy liquidity position and have no material near-term debt maturities.
We generated approximately $6 million of free cash flow during the quarter which came in below our expectations due to a higher use of working capital. Working capital was a $34 million use of cash during the quarter primarily due to an increase in accounts receivables. A portion of the increase was due to timing as we had certain customers delayed payments at the end of the quarter which has subsequently been collected.
However, most of the increase reflects higher sales volumes in our utility structures business. For the fourth quarter, we expect working capital to be a source of cash. Based on year-to-date capex investment of approximately $61 million we now see full year capex of approximately $90 million to $100 million about $20 million lower than our previous range.
We continue to see attractive opportunities to deploy capital organically and our range reflects a slightly higher growth capex outlook for the year. Our expectation for maintenance cap is lower, generally driven by long lead times for equipment the decision to lease certain equipment versus buy and overall timing.
I will now turn the call back over to Antonio for a more discussion on our business outlook.
Antonio Carrillo -- President and Chief Executive Officer
Thank you, Gail. Turning now to the near-term outlook on Slide 17. We believe our Construction Products and Engineered Structures businesses are well-positioned for continued growth in the fourth quarter with market challenges within our barge and wind tower business moderating these expected gains.
First, we anticipate our Construction business will benefit from favorable market fundamentals with strength expected to continue in our key markets: Texas, Gulf Coast, Arizona and Tennessee. Infrastructure trends -- spending trends overall remained positive and we see potential near-term upside in this business from increased federal funding above existing FAST Act levels.
As we continue to integrate the acquired companies and streamline our operations, we recently sold the assets of an asphalt operation, which came with StonePoint and was determined not to be strategic for Arcosa.
Within the Engineering Structures, positive market fundamentals continue to drive strength from several key markets including, electric transmission, wireless communication, traffic structures and storage tanks. We're very excited about the fundamental strength of these markets. At the same time, our wind tower business face a near-term challenges.
We believe renewable energy has a very attractive future. However, high steel prices and uncertainty around the tax incentives are delaying customer orders in some regions. Given the short-term headwinds, we are taking actions to appropriately manage costs including the idling of our Clinton Illinois facility in the fourth quarter. This will allow us to keep our manufacturing capacity in the areas of the country with the highest demand potential.
Given the related cost of these actions we expect breakeven EBITDA for wind towers in the fourth quarter with a return to profitability at the start of 2022. While we're in the early stages of planning for next year, the orders we received in the third quarter provide a good base of business for 2022, helping us navigate short-term headwinds and providing continuity while we wait for the market to stabilize and start growing again.
Our Transportation Products segment continues to face soft market conditions primarily driven by the impact of COVID and high steel prices from barge demand. The orders in our barge backlog will allow us to maintain positive EBITDA and give us flexibility to ramp up capacity when the market recovers. We continue to see positive signs of our recovery in the North American rail car market suggesting that 2021 will be a trough year for this business, with an initial recovery starting in 2022.
Please turn to Slide 18. We're encouraged by the broader national conversations surrounding federal investment in infrastructure and believe that the passage of the current legislative package as being discussed by Congress could accelerate our growth starting in late 2022 and into 2023.
As a company serving a broad spectrum of infrastructure markets, we believe Arcosa is uniquely positioned to benefit whether from additional investment in the aging transportation infrastructure and electrical grid, the wireless and broadband build-out the ongoing shift toward renewable energy sources or the improvement in our ports and waterways. Because these packages have not been signed into law, we have not included in our outlook any potential impact from these builds but are very encouraged by them.
Please turn to Slide 19. Now for our 2021 outlook. Based on our year-to-date performance and our expectations for the fourth quarter, we are tightening our guidance range for 2021. We now expect adjusted EBITDA of $272 million to $280 million compared to our prior range of $270 million to $290 million. Our revised forecast primarily reflects our expectations for reduced wind tower profitability in the fourth quarter in light of the near-term challenges I discussed earlier.
Overall, I am pleased with our expectation to nearly match last year's performance, despite an expected $53 million EBITDA headwind from our Transportation Products year-over-year. At the midpoint of our revised guidance range, we forecast a 22% increase in adjusted EBITDA on a year-over-year basis in our two growth segments Construction Products and Engineered Structures.
Our anticipated 2021 performance in this business reflects our continued progress in expanding our Construction Products segments organically and through acquisitions while enhancing our Engineered Structures segment. As we look toward 2022, we remain committed to our long-term strategy of growing the Construction Products segment and Engineered Structures business and are very encouraged by the potential outlook for significant growth as the more cyclical businesses start to turn around in the future.
Please turn to Slide 20. Before I wrap up, I'd like to spend a moment highlighting the progress we have made in incorporating ESG initiatives into our business and operations. ESG has been a fundamental component of our long-term strategy, and we continue to build on this commitment. I'm pleased to announce that effective November 1, we welcome Kimberly Lubel, former Chairman President and CEO of CST Brands to our Board of Directors. We welcome her broad expertise and insights as we advance our long-term strategy and vision. While I will not enumerate all the ESG efforts we are undertaking as you can see from this slide we are fully committed to building a culture around ESG. At the same time we recognize that we're just getting started and that the building of a new culture takes time.
In closure over the last three years I think you can see that Arcosa has executed successfully in our strategic priorities and made considerable progress in advancing our long-term vision. I want to take this opportunity to thank our employees for their support and efforts. I would also like to thank our shareholders for their confidence in our strategy.
Operator, please open the call for questions.
Questions and Answers:
Operator
Absolutely. [Operator Instructions] We will take our first question from Brent Thielman, D.A. Davidson. Your line is open.
Brent Thielman -- D.A. Davidson -- Analyst
Great. Thank you. Good morning.
Antonio Carrillo -- President and Chief Executive Officer
Good morning.
Brent Thielman -- D.A. Davidson -- Analyst
Antonio, you're obviously planning for the wind portion of the structures business to be down in 2022. I guess, the question is, do you think some of these other areas like utility, telecom and traffic can offset that? And can you sustain these kind of 11% to 13% EBITDA margins, even with the weaker wind business?
Antonio Carrillo -- President and Chief Executive Officer
Well, it's a really good question Brent. As you know, as I mentioned in my remarks, we're still in the planning for 2022. We don't have budgets finished yet. We're still working through that. The facility we are idling in Illinois is also a flexible facility. Most of our wind tower facility -- most of our steel facilities are relatively flexible around product lines.
As you know we bought a few businesses in the utility sector in the traffic structures, etc. And we're working to expand those. We've been very successfully in getting additional work for them. We see very strong demand in all of these businesses.
The tank business is doing very well also, so -- and as I said, we have a good backlog for 2022 in wind towers. So I think we have good visibility. It allows us to plan. There's still time to get some additional orders for wind towers.
So I would tell you that I'm encouraged by the demand factors in the other businesses. We still have opportunities in the wind towers. So I think, if you put it all together, we're encouraged that we have a potential to still match that margin. There's still time to do it and that would be our goal.
Gail M. Peck -- Chief Financial Officer
And Brent, good morning, this is Gail. I might add too, we did guide for the segment in my remarks to a 10% EBITDA margin in the fourth quarter. And that does reflect some one-time costs, as we wind down our Clinton, Illinois facility and as we right-size our capacity as we head into 2022.
Antonio Carrillo -- President and Chief Executive Officer
And just to finish, we do expect profitability to start coming back for wind towers in early 2022.
Brent Thielman -- D.A. Davidson -- Analyst
Got it. Okay. And I guess one on barge. It seems like the low-hanging fruit here for-in some sort of inflection. But, look, the fundamental drivers seem to be pretty good. Your scrap rates are up. I guess, what's the temperature of customers today? Is there any indications inquiries are improving, that might give us some hope for return next year?
Antonio Carrillo -- President and Chief Executive Officer
Sure. And I think that's the -- what you mentioned is, I think, the key thing to watch here, is the fundamentals for the market are really, really good. The scrap rates have gone up in terms of number of barges being scrapped compared to produce. The hurricane did a lot of damage to many barges.
There's about 1,000 barges being repaired and some are heavily damaged. We've had four or five years of less production than build-out. The grain exports are doing very well. The rates have gone up. Oil demand is coming back. So everything seems to be ready for this business to grow. Again, I think, there's a really strong pent-up demand that's being generated.
At the same time, steel prices continue to be very, very high. And that is not only the problem. The problem is that the -- there's a significant disconnect right now between what steel mills are saying. If you sit down with a steel mill and they tell you that 2022 is going to be a very strong year in terms of pricing.
On the other hand, you see every steel and that analyst predicting a very sharp drop in steel prices early in 2022 in the first quarter or second quarter. So when you have those, if you're a customer that can wait six months, they're waiting, because they think they can buy a barge at half price a year from now. So I think that is the fundamental thing that needs to get solved.
And I think we'll start seeing something develop probably early in 2022, depending on who you believe in terms of the steel prices. We are acting as a company, assuming that steel prices are coming down. We'll keep trying to reduce our inventories as much as possible, so that we don't end up with a lot of high steel prices. But once this starts unraveling and think about -- sorry, I'm extending a little bit on this.
But if you think about when -- we are trying to negotiate prices for the second quarter of 2022 right now for barges and things like that. So, to negotiate a price with -- in this environment is very difficult and that's something that for our customers is difficult to accept that we don't have clarity around steel prices for the second half of next year.
Brent Thielman -- D.A. Davidson -- Analyst
Understood. Thank you, Antonio and Gail.
Operator
We will take our next question from Ian Zaffino with Oppenheimer. Your line is open.
Ian Zaffino -- Oppenheimer -- Analyst
Hi. Good morning.
Antonio Carrillo -- President and Chief Executive Officer
Good morning.
Ian Zaffino -- Oppenheimer -- Analyst
Question would be on the aggregate side. Can you talk to us about pricing a little bit? How frequently -- given kind of the market, how frequently are you able to take price? Maybe how many times have you taken pressure already this year? What do you think going forward? And I know you can't give me like perfect details but maybe directionally or just some color as it relates to that. Thanks.
Gail M. Peck -- Chief Financial Officer
Good morning, Ian. This is Gail. I'll take that. As we talked about on our 2Q call, we did have some mid-year price increases. So those are working their way through. In some other select markets, we might have some opportunity in the fourth quarter. But really it's about sending notices out for 2022 at this point in time.
Looking at our natural aggregates business across the markets, price was up broadly similar to volumes. We haven't talked about volumes yet. I'd say from a weakness perspective we didn't see a lot of weakness with pricing trending up. We had some softness in -- as you might expect in South and West Texas, just given as those markets continue to recover, but those are a pretty small piece of the mix.
Away from natural aggregates, we saw roughly flat volumes in our Specialty Materials business, but saw a nice gross profit per unit gains on strong pricing. So, I'd say, all in all as we look to the quarter, we saw similar pricing in line with some of our larger peers. The pricing environment continues to be healthy.
Ian Zaffino -- Oppenheimer -- Analyst
Okay. So I guess, as far as new pricing that would really more flow through kind of first quarter of 2022?
Gail M. Peck -- Chief Financial Officer
That's right. That's right.
Ian Zaffino -- Oppenheimer -- Analyst
Perfect. And then as far as the portfolio, can you talk to us about the portfolio? How you're thinking about that now? The rail business is perking back up. It's kind of troughing out, so it's on the recovery. So how are you thinking about the portfolio there, and then also just uses of cash at the moment now. Thanks.
Antonio Carrillo -- President and Chief Executive Officer
Sure. This is Antonio. So, on the portfolio side I mentioned in my remarks, we remain committed to growing our Construction segment and Engineered Structures. The other business, are all very good business and we like them all. At the same time, our commitment is to try to reduce the cyclicality of the company and the complexity.
We've talked in the past about timing of these things and timing is never perfect. You can -- it's difficult to plan. But our commitment is that we're going to continue to watch as these markets evolve so that we can find the right time to start executing some of these strategies.
During the quarter, we did sell a small business in asphalt not during the quarter after the quarter. So this quarter we sold a small assets of the asphalt business that came with StonePoint. And we really determined it was not strategic for us given the geographic presence, etc.
So we will continue to look at our portfolio and evaluate it. And it's something that I said during the call we're going to be focused over the next few quarters in as we integrate this business. And so on uses of cash, my goal would be to try to generate as much cash as possible during the fourth quarter. And if we do any additional sales of businesses, reduce debt and prepare the balance sheet to continue to grow and redeploy capital to our growth business.
Ian Zaffino -- Oppenheimer -- Analyst
Okay, perfect. Thank you so much.
Operator
We'll take our next question from Daniel Wang with Berenberg. Your line is open.
Daniel Wang -- Berenberg -- Analyst
Hey, good morning.
Antonio Carrillo -- President and Chief Executive Officer
Good morning.
Daniel Wang -- Berenberg -- Analyst
Just -- can you just remind us how significant that wind towers portion of your business is maybe as a proportion of total segment sales?
Gail M. Peck -- Chief Financial Officer
This is Gail. I'll take that one. As you know in our external reporting, we report wind utility and related structures on one line item. We have given color in the past heading out of spin in our kind of early part of our life cycle was about half wind, half utility. And certainly as the wind market has come down, you've seen utility take a bigger share of that revenue line. That's probably about as specific, as I can be at this point. But keep in mind, we do -- as we said in our commentary, we did receive $175 million order for wind and that is all for 2022 production. So that gives you a good sense of where we are heading into 2022 right now as it relates to wind.
Daniel Wang -- Berenberg -- Analyst
Perfect. And just secondly, I guess, how should we think about longer-term wind tower demand assuming there is no renewal of any federal tax incentives? Do we see a modest decline next year and a recovery from there on out? Or do the incoming orders partially offset that? Just any color would be appreciated.
Antonio Carrillo -- President and Chief Executive Officer
Sure, absolutely. I'll give you, a little sense of the cadence of how this business normally works. This is -- this reduction is not new. Many times when the PTC expires or is getting ready to expire we see this reduction in volumes, when things get renewed and we are confident things will do something will happen there. Normally, a wind farm takes about 12 to 18 months to build. So what happens when these tax incentives are -- there's uncertainty around them you create kind of this air pocket in the demand. And it takes a while for it to come back.
And while there is some clarity, you get you start working on orders and it takes -- maybe we will be negotiating orders for 12 months ahead or for 18 months ahead, probably sometime late 2022 or mid-2022 depending on what happens.
So my guess is that, wind towers will be relatively slow in 2022. We still have time to get more orders. I'm not throwing it away. There's still time to get more orders. And we expect to get more orders, if things work out as we are looking at it. But at the same time, we need some clarity around both steel and some of the tax incentives. In the longer term, we're very encouraged by wind towers. The shift toward renewable energy is a fact. It's coming. This is a business where the disconnect between, what you read in the news that everything is moving toward renewable and the reality that we're seeing in the market is very different. But eventually, we're going to get there and it's -- longer term, we're very optimistic about this business.
Daniel Wang -- Berenberg -- Analyst
Thank you.
Operator
We'll take our next question from Garik Shmois with Loop Capital. Your line is now open.
Garik Shmois -- Loop Capital -- Analyst
Hi. Thanks for taking my question. I wanted to follow-up on Construction Products pricing recognizing you put through media price increases in several markets which should help kick off pricing growth for next year. But several of your construction product peers have been talking about aggregates pricing both conceptually and in their preliminary guidance for 2022. So I just love to get your view on pricing your outlook more broadly into next year and maybe beyond. Should we expect pricing to accelerate for you as well?
Antonio Carrillo -- President and Chief Executive Officer
Yes. This is Antonio, Garik. So I think what you see in our construction peers when we read out the comments and everything, and in many markets, we see them and we are competitors. And I think we see similar market conditions than they see in many of our markets here in Texas, where we have a large share. I think we see the same trends. When we have the same goals we have -- there's a lot of inflation happening and we have to pass through price increases and that's going to be our goal for early -- for as we talk into 2022. But I think conceptually, the way you should think about our aggregates portion of their business is very similar to what you hear from our competitors. That's our goal to continue to raise prices and volumes as -- take advantage of the current environment. So there's nothing different from our business than what you hear from our competitors.
Garik Shmois -- Loop Capital -- Analyst
Great. I appreciate that. And then just my follow-up question also staying on Construction Products. I was wondering if you could probably put a little more color on the organic sales growth in the quarter versus the sales that were derived from the acquired assets?
Gail M. Peck -- Chief Financial Officer
Yeah. Good morning, Garik I'll take that. It's Gail. Kind of parsing through the segment for the quarter maybe start with what's maybe easier for you to see is our trench shoring business which is reported as other. And we saw very nice revenue growth in that business all organic year-over-year close to 40% revenue growth recognizing it's a smaller piece of the segment. Looking at our aggregates and our Specialty Materials. The primary driver given the fact that we did our largest acquisition in the company's history in April followed by Southwest Rock from a revenue perspective was the addition of those two to the portfolio. We did have a little lift from a late -- early Q4 acquisition last year. So -- but stripping those away, we saw very solid organic revenue growth in our legacy materials business both on the specialty side as well as on the natural aggregate side.
Antonio Carrillo -- President and Chief Executive Officer
Anecdotally, when you talk to our team in our meetings to follow up on how they're seeing the market, several of them are seeing very strong projects -- project-letting in many areas. Texas is one for example, but also Arizona, Tennessee where they're seeing very, very strong lettings some very new projects being awarded. So I think what's important to me is those -- the sentiment of our team is a very optimistic, very strong market at the moment.
Gail M. Peck -- Chief Financial Officer
And maybe just to add on to that Garik to help with the math a little bit. And we'll disclose you'll see StonePoint's revenues in the Q. So if you back off StonePoint and make an assumption on Southwest Rock based on what we've provided externally, you're somewhere around the $150 million-ish area ex those two and that compares to about $129 million last year. So nice growth on the organic side.
Garik Shmois -- Loop Capital -- Analyst
Okay. Thanks for that. And I'll pass it on.
Operator
We'll take our next question from Stefanos Crist with CJS Securities. Your line is now open.
Stefanos Crist -- CJS Securities -- Analyst
Hey, good morning.
Antonio Carrillo -- President and Chief Executive Officer
Good morning.
Stefanos Crist -- CJS Securities -- Analyst
Speaking of the acquisitions of StonePoint and more recently Southwest, could you just give us some more color on the integration of those? Anything unexpected in terms of synergies or costs that we should be thinking about?
Antonio Carrillo -- President and Chief Executive Officer
No, Stefanos. I'll -- I think it's going very well. We're very happy with both acquisitions. And as I mentioned, when you buy bigger companies like StonePoint specifically, they come sometimes with 99% or 95% of what they have you like. And 5% is not strategic and that's why we sold this asphalt. There was nothing wrong with it. It was just that it didn't fit. But for the rest, it's going very well. I think as a company these two acquisitions -- and that's why we're taking the time to integrate them well. As a company, I mentioned it's almost 60% of our EBITDA now in this quarter came from Construction Products. We're becoming a more construction product-centric company.
So the integrations -- these two integrations are very important. We are implementing a new ERP system very specifically for our Construction segment that will allow us to manage the business differently from a manufacturing company that we were three years ago basically. It's going to take us a while. It's going to take us probably 2022 complete to finish that implementation, but that will allow us to get more data to be able to analyze our business better, to report better for you to become a more construction-centric reporting company more similar to our peers. We are clear that's what -- where we need to go and that's where we're going. It's going to take us some time. But we are using these two integrations as a model to continue moving forward.
And we're very excited, I'll tell you not only the excited about the business, but excited about the talent we brought with the businesses. We have -- we brought incredible talent that's allowing us to reshape our internal structure toward four different regions now in our aggregates business and be able to be very diligent and very disciplined around on pricing our volume. So overall very excited about not only the business and themselves, but also what these businesses are allowing us to turn our call sign to. So very excited about both.
Stefanos Crist -- CJS Securities -- Analyst
That's great color. Thank you. And then leverage is 2.3 times within your long-term range. How comfortable are you going above that in terms of M&A if there's -- if the right opportunity presents itself?
Antonio Carrillo -- President and Chief Executive Officer
So as we've said 2.3, there's nothing magic around that. It's just -- or 2.5 is where we feel comfortable given the cyclicality of some of our businesses. That's why we are conservative around our leverage ratio. And we've always said that it's 2.5 with some, sort, of a mid-cycle cyclical businesses. So in that sense we are at the bottom of the cycle, so we have some leverage. If something great would happen, we might think about it. But at the moment as I've said, the focus is not there. We continue to analyze our markets and we have very specific let's say fielders looking for opportunities in the markets we like. But at the moment the focus is going to be -- first we need to generate cash in the fourth quarter. That's been I would tell you some of the focus that we're going to have in the fourth quarter is generating cash.
Second, we're going to be focusing on the integration of the business. And third, there's some really great organic opportunities that we have internally that we need to finalize and get going to start investing in them in the beginning of 2022. And then finally as I've said and I responded to the previous question, some of the simplification of the portfolio so that we can deploy -- reduce some of our debt and continue to redeploy that capital into our construction segment. So I think you're going to see us probably six to nine months working on these projects. But at the same time we're going to continue to fill the market and see if there's any interesting things that we can start working on. These deals take time. So it's -- I think we have good time in front of us.
Stefanos Crist -- CJS Securities -- Analyst
That's great. Thank you for taking my question.
Operator
We'll take our next question from Julio Romero with Sidoti & Company. Your line is open.
Julio Romero -- Sidoti and Company -- Analyst
Hey, good morning Antonio. Thanks for taking the questions.
Antonio Carrillo -- President and Chief Executive Officer
Good morning.
Julio Romero -- Sidoti and Company -- Analyst
So I wanted to ask more on the Construction Products segment. And you touched on the ERP that you're implementing. Are you moving to recent acquisitions into an existing ERP? Or is this a completely new ERP system you're implementing?
And then secondly, Antonio you mentioned I believe that it should be completed the integration by end-of-year 2022. That seems pretty fast. So is that correct and that you should see full year benefits in 2023 from ERP?
Antonio Carrillo -- President and Chief Executive Officer
Yeah. So the ERP we're not implementing a completely new one. That's -- as I've said we are a unique company in terms of the way we approach acquisitions. I think that we -- I think there's great things that Arcosa brings to the table when we acquire companies, but we are also looking always to see what the acquisitions bring to Arcosa not only in terms of talent that I already mentioned. But if you think about -- most of the acquisitions, we bought came from another acquisition. So we bought ACG, Cherry came from an idea from ACG. Recently Southwest Rock was already in the works for StonePoint.
So when we approach acquisitions, we approach them not only as a part of the business but also we approach them looking for things they have that are very valuable and try to execute on them and add value to the ideas that they already have.
In that sense ACG already had a good ERP system. And when we saw it, it's much better than what we have for our Construction segment. So we are bolting on the businesses to the ACG, ERP system and that's why it's going to be probably faster than a normal 100% implementation also much cheaper. And at the same time we already have it. We know it. We've tested it. So we are very happy we're being able to bring on a system that's working into Arcosa.
Julio Romero -- Sidoti and Company -- Analyst
Understood. And then secondly, the press release -- and I believe in your commentary you mentioned -- you touched on the reorganization of your aggregates into four regions. Can you talk about what that reorganization does for Arcosa either from a synergy perspective or from a communication perspective?
Antonio Carrillo -- President and Chief Executive Officer
Sure. I think it's very important. We've grown a lot. And I'm convinced that the structure follows strategy and the structure that we are creating is the structure that will be able to support our growth strategy. If you think about it we have about 25 mines of three years ago. We have over 100 today. You need a lot of more -- you need more supervision. You need more, I would say, thinking around strategic opportunities in each one of the regions. You need to think about organic growth. You need to think about pricing.
You need to think about synergies in each one of the regions. So we now have four regions. We have the West region we have Texas, we have the Gulf Coast and we have the Ohio River Valley region with great management all very experienced management. Each will have their controller. We'll be able to -- and we're working toward developing the financial structure internally to be able to manage it that way. But I think it's going to be very important for us as, we grow to have this structure and continue to grow -- to support the growth strategy that we have. So I think as we stair-step the growth of Arcosa, this was very important to create so that we take the next step. And for the integration it's also important.
Julio Romero -- Sidoti and Company -- Analyst
Understood. If I could just sneak one more in here. The receivables balance ticked up a bit in the quarter. And I think you mentioned, part of that was the higher sales volumes in the utility structures. Does that business have a structurally longer cash conversion cycle? And how does DSOs trend over the next couple of quarters?
Gail M. Peck -- Chief Financial Officer
Good morning, Julio. This is Gail. Yes that's a very good question. We did talk about a couple of things as it relates to AR in the quarter. We had some collections that were a little bit delayed. Those came through at the early part of the fourth quarter and then the higher mix really of the utility structures receivables. And they do carry a slightly longer DSO relative to some of our other businesses. So you're seeing that all very strong high-quality, customers, utility customers but they do have a little bit of an industry norm longer DSO than some of our other businesses. So rolling that through, their cash conversion cycle is a little bit longer.
Antonio Carrillo -- President and Chief Executive Officer
Yes. And I'll add a little bit. Throughout the last 1.5 years, I would say since the pandemic started that was something that we have been putting a lot of attention on our collections especially, when there's an economic slowdown like we have last year. That's always something we watch. I'll tell you qualitatively, we have an incredibly good AR process and we have a very solid -- we don't have a problem with collections. This was just a deal of some delays. But qualitatively, we have a very very healthy AR collections right now.
Gail M. Peck -- Chief Financial Officer
And I guess, I'll just add, that specifically relates to utility, Julio. I think if you were to look at some peer comparisons our DSO isn't anything different from what you would see in other peers in the industry.
Julio Romero -- Sidoti and Company -- Analyst
Got it. Thank you, guys for taking the questions.
Operator
We'll take our next question from Noah Merkousko with Stephens. Your line is now open.
Noah Merkousko -- Stephens -- Analyst
Good morning. And thanks for taking my question
Gail M. Peck -- Chief Financial Officer
Good morning.
Noah Merkousko -- Stephens -- Analyst
I apologize in advance if this has already been asked and answered. I dialed in a little late. But I was hoping to talk a little bit longer term outlook for the Construction Products EBITDA margins. If we're entering a period of strong demand and we start to see improving price and volumes and you get these acquisitions fully integrated, what sort of EBITDA margins could we see out of that segment?
Gail M. Peck -- Chief Financial Officer
Good morning, Noah. This is Gail. I think that's a good question. We're very focused. As I said in some of my commentary earlier, you may have missed on expanding our gross profit per unit. And certainly that's helpful to margins. At the same time, we are in an inflationary environment and we are trying to mitigate the impacts of that. So we had a very healthy margin in the quarter 24% for the segment. You'll see some normal seasonality, as we head into Q4.
But our outlook overall is generally positive as it relates to our construction margins. We're doing everything we can to enhance expansion, enhance pricing and expand that gross profit per unit. So I don't think I can give you a specific target, but I think we had a -- the first half of the year if you recall was difficult from a weather perspective with the Winter Storm, Uri and then the excessive rainfall we had in Q2. So, as we look to 2022, we would hope to see a slightly better first half from a weather perspective, but we'll see.
Antonio Carrillo -- President and Chief Executive Officer
Noah, this is Antonio. Just to add to -- build on Gail's comments. If you think about the Construction products, the two areas that we saw the most weakness in 2020 given COVID, we're shoring on some of our lightweight business and also some on our Specialty Materials business. As we continue to grow the aggregates portion of our business that piece is let's say easier to forecast. Because as I said we're similar to the rest of our competitors we should see similar margins. We should see similar dynamics.
On the Specialty Materials Gail mentioned the shoring piece has recovered to pre-pandemic levels and we're encouraged and we're very happy with the growth we're seeing. Like with aggregate it has recovered and is having a great year and we're seeing very good demand and very strong fundamentals and margins there. Specialty Materials even though we're growing it's still slower than we expected and it's affecting a little bit of our margin.
And finally we've mentioned in the past in some of our calls, we did have some oil and gas exposure in some of the oil fields which was a headwind for us in the last few -- probably last couple of years. And now we're seeing some drilling come back into West Texas where we have operations. We're seeing some drilling come back in Pennsylvania where we have operations.
So that should also help us accelerate margin expansion which is our goal. So that's probably a little too much color, but the goal is to accelerate our margin growth, behave very similar to our competitors in our aggregates and work on our specialty materials and lightweight ensuring to be accretive to our overall construction margins.
Noah Merkousko -- Stephens -- Analyst
Thanks. That's really helpful color. And then just switching gears here for my follow-up. If the Engineered Structures revenues are seeing higher prices because of steel inflation, we start to see pricing decline if we still see steel prices crash? Or can you hold on to those higher prices? I guess what's happened historically? And if you do -- if it is the case that you get back some price what does that mean for the margins in that segment?
Antonio Carrillo -- President and Chief Executive Officer
Yes. There is -- we have three types of businesses that are very different in the way they use steel. I'll start with the Engineered Structures which is where you started. That business has -- we have contracts with customers. Significant portion of our business is longer-term contracts or agreements. Let's not call it contract agreements for volume for the year, where we have a pass-through under certain terms. So, if the price goes up or down more than X, we can pass it through up or down over a certain period of time.
So sometimes when prices are going up, this business may suffer for a quarter or so if they are -- if they've not been able to pass it through. We've been very successful at doing it. Our margins overall in utility structures are higher within the mix than they were years ago. A year ago or two years ago they're going up and they're doing -- looking very good.
As they come down you will see prices coming down, not immediately but maybe in the next quarter. Just like when it goes up, it's quarter-by-quarter or month-by-month depending on the customer. So, you will see prices come down. And that's why I've been saying that we're focusing on inventories because it's important that you don't carry a lot of inventories still comes down. That's one type of business.
We have a second type of business where there is complete passthrough and that is barges and wind towers, where we basically have agreements with the customer and the steel mills and we negotiate longer-term contracts with both and we pass it through completely. So, you will see prices coming down there. And there's kind of a built-in margin into our contracts. So you will see margins going up as we -- as steel prices come down.
And the third one is the build-to-stock, that Gail talked about for example in our tank business. Those are businesses where it's a little more I want to call it speculative. Because you buy the steel, you make the tanks, and wait for someone to order. There's really no backlog there. And those are the ones that you run a lot of risk when it's coming up because you might be -- you might -- if you're not fast enough in raising prices you might be caught up.
But we've been very successful. Our margins have gone up quite a bit during last year. And I think this is the business where when prices come down, you can hold on to the margin more, because prices will come down and you will not bring down the prices as fast or you might not bring them down at all depending on the market demand. So, I think within the three of them as margins -- as prices come down, my expectation would be margins to continue to hold or even expand a little bit. But we have to be very agile in doing it. I hope I gave you enough color on steel.
Noah Merkousko -- Stephens -- Analyst
Yes. That was really helpful. I appreciate it and I'll leave it there.
Operator
It appears we have no further questions at this time. I will now turn the program back over to Erin Drabek for additional comments or closing remarks.
Erin Drabek -- Director of Investor Relations
Thank you, Corlas, and thank you everyone for joining us today. We look forward to speaking to you again next quarter.
Operator
[Operator Closing Remarks]
Duration: 57 minutes
Call participants:
Erin Drabek -- Director of Investor Relations
Antonio Carrillo -- President and Chief Executive Officer
Gail M. Peck -- Chief Financial Officer
Brent Thielman -- D.A. Davidson -- Analyst
Ian Zaffino -- Oppenheimer -- Analyst
Daniel Wang -- Berenberg -- Analyst
Garik Shmois -- Loop Capital -- Analyst
Stefanos Crist -- CJS Securities -- Analyst
Julio Romero -- Sidoti and Company -- Analyst
Noah Merkousko -- Stephens -- Analyst
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arcosa, inc (NYSE: ACA) Q3 2021 Earnings Call Nov 4, 2021, 8:30 a.m. Davidson -- Analyst Ian Zaffino -- Oppenheimer -- Analyst Daniel Wang -- Berenberg -- Analyst Garik Shmois -- Loop Capital -- Analyst Stefanos Crist -- CJS Securities -- Analyst Julio Romero -- Sidoti and Company -- Analyst Noah Merkousko -- Stephens -- Analyst More ACA analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Having just passed our third anniversary as an independent public company, we are pleased to report strong third quarter results, which reflect the success of the efforts we have undertaken to build our business in attractive markets. | Davidson -- Analyst Ian Zaffino -- Oppenheimer -- Analyst Daniel Wang -- Berenberg -- Analyst Garik Shmois -- Loop Capital -- Analyst Stefanos Crist -- CJS Securities -- Analyst Julio Romero -- Sidoti and Company -- Analyst Noah Merkousko -- Stephens -- Analyst More ACA analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Arcosa, inc (NYSE: ACA) Q3 2021 Earnings Call Nov 4, 2021, 8:30 a.m. On the positive side, our utility structures business performed well with higher sequential and year-over-year EBITDA and margins from improved mix, our successful efforts to mitigate high steel prices and increased throughput. | Davidson -- Analyst Ian Zaffino -- Oppenheimer -- Analyst Daniel Wang -- Berenberg -- Analyst Garik Shmois -- Loop Capital -- Analyst Stefanos Crist -- CJS Securities -- Analyst Julio Romero -- Sidoti and Company -- Analyst Noah Merkousko -- Stephens -- Analyst More ACA analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Arcosa, inc (NYSE: ACA) Q3 2021 Earnings Call Nov 4, 2021, 8:30 a.m. We believe our Construction Products and Engineered Structures businesses are well-positioned for continued growth in the fourth quarter with market challenges within our barge and wind tower business moderating these expected gains. | Davidson -- Analyst Ian Zaffino -- Oppenheimer -- Analyst Daniel Wang -- Berenberg -- Analyst Garik Shmois -- Loop Capital -- Analyst Stefanos Crist -- CJS Securities -- Analyst Julio Romero -- Sidoti and Company -- Analyst Noah Merkousko -- Stephens -- Analyst More ACA analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Arcosa, inc (NYSE: ACA) Q3 2021 Earnings Call Nov 4, 2021, 8:30 a.m. As we look toward 2022, we remain committed to our long-term strategy of growing the Construction Products segment and Engineered Structures business and are very encouraged by the potential outlook for significant growth as the more cyclical businesses start to turn around in the future. |
35395.0 | 2021-10-30 00:00:00 UTC | An Intrinsic Calculation For Arcosa, Inc. (NYSE:ACA) Suggests It's 23% Undervalued | ACA | https://www.nasdaq.com/articles/an-intrinsic-calculation-for-arcosa-inc.-nyse%3Aaca-suggests-its-23-undervalued-2021-10-30 | nan | nan | How far off is Arcosa, Inc. (NYSE:ACA) from its intrinsic value? Using the most recent financial data, we'll take a look at whether the stock is fairly priced by projecting its future cash flows and then discounting them to today's value. One way to achieve this is by employing the Discounted Cash Flow (DCF) model. There's really not all that much to it, even though it might appear quite complex.
We generally believe that a company's value is the present value of all of the cash it will generate in the future. However, a DCF is just one valuation metric among many, and it is not without flaws. If you still have some burning questions about this type of valuation, take a look at the Simply Wall St analysis model.
Is Arcosa fairly valued?
We're using the 2-stage growth model, which simply means we take in account two stages of company's growth. In the initial period the company may have a higher growth rate and the second stage is usually assumed to have a stable growth rate. In the first stage we need to estimate the cash flows to the business over the next ten years. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.
Generally we assume that a dollar today is more valuable than a dollar in the future, and so the sum of these future cash flows is then discounted to today's value:
10-year free cash flow (FCF) estimate
2022 2023 2024 2025 2026 2027 2028 2029 2030 2031
Levered FCF ($, Millions) US$157.0m US$165.0m US$171.3m US$176.8m US$181.9m US$186.6m US$191.0m US$195.4m US$199.6m US$203.8m
Growth Rate Estimate Source Analyst x2 Analyst x1 Est @ 3.79% Est @ 3.24% Est @ 2.86% Est @ 2.59% Est @ 2.4% Est @ 2.27% Est @ 2.18% Est @ 2.11%
Present Value ($, Millions) Discounted @ 7.1% US$147 US$144 US$139 US$134 US$129 US$123 US$118 US$112 US$107 US$102
("Est" = FCF growth rate estimated by Simply Wall St)
Present Value of 10-year Cash Flow (PVCF) = US$1.3b
After calculating the present value of future cash flows in the initial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 5-year average of the 10-year government bond yield of 2.0%. We discount the terminal cash flows to today's value at a cost of equity of 7.1%.
Terminal Value (TV)= FCF2031 × (1 + g) ÷ (r – g) = US$204m× (1 + 2.0%) ÷ (7.1%– 2.0%) = US$4.0b
Present Value of Terminal Value (PVTV)= TV / (1 + r)10= US$4.0b÷ ( 1 + 7.1%)10= US$2.0b
The total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is US$3.3b. The last step is to then divide the equity value by the number of shares outstanding. Relative to the current share price of US$51.7, the company appears a touch undervalued at a 23% discount to where the stock price trades currently. Valuations are imprecise instruments though, rather like a telescope - move a few degrees and end up in a different galaxy. Do keep this in mind.
NYSE:ACA Discounted Cash Flow October 30th 2021
Important assumptions
Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. You don't have to agree with these inputs, I recommend redoing the calculations yourself and playing with them. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Arcosa as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 7.1%, which is based on a levered beta of 1.184. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business.
Next Steps:
Although the valuation of a company is important, it shouldn't be the only metric you look at when researching a company. It's not possible to obtain a foolproof valuation with a DCF model. Preferably you'd apply different cases and assumptions and see how they would impact the company's valuation. If a company grows at a different rate, or if its cost of equity or risk free rate changes sharply, the output can look very different. What is the reason for the share price sitting below the intrinsic value? For Arcosa, we've put together three further elements you should assess:
Risks: Be aware that Arcosa is showing 1 warning sign in our investment analysis , you should know about...
Future Earnings: How does ACA's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart.
Other Solid Businesses: Low debt, high returns on equity and good past performance are fundamental to a strong business. Why not explore our interactive list of stocks with solid business fundamentals to see if there are other companies you may not have considered!
PS. Simply Wall St updates its DCF calculation for every American stock every day, so if you want to find the intrinsic value of any other stock just search here.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | How far off is Arcosa, Inc. (NYSE:ACA) from its intrinsic value? NYSE:ACA Discounted Cash Flow October 30th 2021 Important assumptions Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. For Arcosa, we've put together three further elements you should assess: Risks: Be aware that Arcosa is showing 1 warning sign in our investment analysis , you should know about... Future Earnings: How does ACA's growth rate compare to its peers and the wider market? | NYSE:ACA Discounted Cash Flow October 30th 2021 Important assumptions Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. How far off is Arcosa, Inc. (NYSE:ACA) from its intrinsic value? For Arcosa, we've put together three further elements you should assess: Risks: Be aware that Arcosa is showing 1 warning sign in our investment analysis , you should know about... Future Earnings: How does ACA's growth rate compare to its peers and the wider market? | NYSE:ACA Discounted Cash Flow October 30th 2021 Important assumptions Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. How far off is Arcosa, Inc. (NYSE:ACA) from its intrinsic value? For Arcosa, we've put together three further elements you should assess: Risks: Be aware that Arcosa is showing 1 warning sign in our investment analysis , you should know about... Future Earnings: How does ACA's growth rate compare to its peers and the wider market? | How far off is Arcosa, Inc. (NYSE:ACA) from its intrinsic value? NYSE:ACA Discounted Cash Flow October 30th 2021 Important assumptions Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. For Arcosa, we've put together three further elements you should assess: Risks: Be aware that Arcosa is showing 1 warning sign in our investment analysis , you should know about... Future Earnings: How does ACA's growth rate compare to its peers and the wider market? |
35396.0 | 2021-10-13 00:00:00 UTC | Arcosa, Inc. (ACA) Ex-Dividend Date Scheduled for October 14, 2021 | ACA | https://www.nasdaq.com/articles/arcosa-inc.-aca-ex-dividend-date-scheduled-for-october-14-2021-2021-10-13 | nan | nan | Arcosa, Inc. (ACA) will begin trading ex-dividend on October 14, 2021. A cash dividend payment of $0.05 per share is scheduled to be paid on October 29, 2021. Shareholders who purchased ACA prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 12th quarter that ACA has paid the same dividend. At the current stock price of $51.59, the dividend yield is .39%.
The previous trading day's last sale of ACA was $51.59, representing a -24.64% decrease from the 52 week high of $68.46 and a 15.01% increase over the 52 week low of $44.86.
ACA is a part of the Capital Goods sector, which includes companies such as Quanta Services, Inc. (PWR) and TopBuild Corp. (BLD). ACA's current earnings per share, an indicator of a company's profitability, is $1.6. Zacks Investment Research reports ACA's forecasted earnings growth in 2021 as -22.45%, compared to an industry average of 26.9%.
For more information on the declaration, record and payment dates, visit the aca Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to ACA through an Exchange Traded Fund [ETF]?
The following ETF(s) have ACA as a top-10 holding:
AAM S&P Developed Markets High Dividend Value ETF (DMDV).
The top-performing ETF of this group is DMDV with an decrease of -5.93% over the last 100 days. It also has the highest percent weighting of ACA at 2%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ACA is a part of the Capital Goods sector, which includes companies such as Quanta Services, Inc. (PWR) and TopBuild Corp. (BLD). Zacks Investment Research reports ACA's forecasted earnings growth in 2021 as -22.45%, compared to an industry average of 26.9%. For more information on the declaration, record and payment dates, visit the aca Dividend History page. | Shareholders who purchased ACA prior to the ex-dividend date are eligible for the cash dividend payment. ACA's current earnings per share, an indicator of a company's profitability, is $1.6. The following ETF(s) have ACA as a top-10 holding: AAM S&P Developed Markets High Dividend Value ETF (DMDV). | Shareholders who purchased ACA prior to the ex-dividend date are eligible for the cash dividend payment. For more information on the declaration, record and payment dates, visit the aca Dividend History page. The following ETF(s) have ACA as a top-10 holding: AAM S&P Developed Markets High Dividend Value ETF (DMDV). | Arcosa, Inc. (ACA) will begin trading ex-dividend on October 14, 2021. Shareholders who purchased ACA prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 12th quarter that ACA has paid the same dividend. |
35397.0 | 2021-10-12 00:00:00 UTC | Ex-Dividend Reminder: Science Applications International, Arcosa and Trinity Industries | ACA | https://www.nasdaq.com/articles/ex-dividend-reminder%3A-science-applications-international-arcosa-and-trinity-industries | nan | nan | Looking at the universe of stocks we cover at Dividend Channel, on 10/14/21, Science Applications International Corp (Symbol: SAIC), Arcosa Inc (Symbol: ACA), and Trinity Industries, Inc. (Symbol: TRN) will all trade ex-dividend for their respective upcoming dividends. Science Applications International Corp will pay its quarterly dividend of $0.37 on 10/29/21, Arcosa Inc will pay its quarterly dividend of $0.05 on 10/29/21, and Trinity Industries, Inc. will pay its quarterly dividend of $0.21 on 10/29/21. As a percentage of SAIC's recent stock price of $88.35, this dividend works out to approximately 0.42%, so look for shares of Science Applications International Corp to trade 0.42% lower — all else being equal — when SAIC shares open for trading on 10/14/21. Similarly, investors should look for ACA to open 0.10% lower in price and for TRN to open 0.73% lower, all else being equal.
Below are dividend history charts for SAIC, ACA, and TRN, showing historical dividends prior to the most recent ones declared.
Science Applications International Corp (Symbol: SAIC):
Arcosa Inc (Symbol: ACA):
Trinity Industries, Inc. (Symbol: TRN):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 1.68% for Science Applications International Corp, 0.39% for Arcosa Inc, and 2.92% for Trinity Industries, Inc..
Free Report: Top 7%+ Dividends (paid monthly)
In Tuesday trading, Science Applications International Corp shares are currently up about 0.6%, Arcosa Inc shares are up about 0.5%, and Trinity Industries, Inc. shares are up about 0.2% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Looking at the universe of stocks we cover at Dividend Channel, on 10/14/21, Science Applications International Corp (Symbol: SAIC), Arcosa Inc (Symbol: ACA), and Trinity Industries, Inc. (Symbol: TRN) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for ACA to open 0.10% lower in price and for TRN to open 0.73% lower, all else being equal. Below are dividend history charts for SAIC, ACA, and TRN, showing historical dividends prior to the most recent ones declared. | Looking at the universe of stocks we cover at Dividend Channel, on 10/14/21, Science Applications International Corp (Symbol: SAIC), Arcosa Inc (Symbol: ACA), and Trinity Industries, Inc. (Symbol: TRN) will all trade ex-dividend for their respective upcoming dividends. Science Applications International Corp (Symbol: SAIC): Arcosa Inc (Symbol: ACA): Trinity Industries, Inc. (Symbol: TRN): In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for ACA to open 0.10% lower in price and for TRN to open 0.73% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel, on 10/14/21, Science Applications International Corp (Symbol: SAIC), Arcosa Inc (Symbol: ACA), and Trinity Industries, Inc. (Symbol: TRN) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for ACA to open 0.10% lower in price and for TRN to open 0.73% lower, all else being equal. Below are dividend history charts for SAIC, ACA, and TRN, showing historical dividends prior to the most recent ones declared. | Science Applications International Corp (Symbol: SAIC): Arcosa Inc (Symbol: ACA): Trinity Industries, Inc. (Symbol: TRN): In general, dividends are not always predictable, following the ups and downs of company profits over time. Looking at the universe of stocks we cover at Dividend Channel, on 10/14/21, Science Applications International Corp (Symbol: SAIC), Arcosa Inc (Symbol: ACA), and Trinity Industries, Inc. (Symbol: TRN) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for ACA to open 0.10% lower in price and for TRN to open 0.73% lower, all else being equal. |
35398.0 | 2021-09-30 00:00:00 UTC | Here's Why Arcosa (NYSE:ACA) Can Manage Its Debt Responsibly | ACA | https://www.nasdaq.com/articles/heres-why-arcosa-nyse%3Aaca-can-manage-its-debt-responsibly-2021-09-30 | nan | nan | The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says 'The biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital.' So it seems the smart money knows that debt - which is usually involved in bankruptcies - is a very important factor, when you assess how risky a company is. We note that Arcosa, Inc. (NYSE:ACA) does have debt on its balance sheet. But is this debt a concern to shareholders?
When Is Debt Dangerous?
Generally speaking, debt only becomes a real problem when a company can't easily pay it off, either by raising capital or with its own cash flow. Ultimately, if the company can't fulfill its legal obligations to repay debt, shareholders could walk away with nothing. While that is not too common, we often do see indebted companies permanently diluting shareholders because lenders force them to raise capital at a distressed price. Of course, plenty of companies use debt to fund growth, without any negative consequences. The first step when considering a company's debt levels is to consider its cash and debt together.
What Is Arcosa's Debt?
As you can see below, at the end of June 2021, Arcosa had US$647.0m of debt, up from US$258.3m a year ago. Click the image for more detail. On the flip side, it has US$100.3m in cash leading to net debt of about US$546.7m.
NYSE:ACA Debt to Equity History September 30th 2021
How Healthy Is Arcosa's Balance Sheet?
According to the last reported balance sheet, Arcosa had liabilities of US$353.0m due within 12 months, and liabilities of US$816.7m due beyond 12 months. Offsetting this, it had US$100.3m in cash and US$314.3m in receivables that were due within 12 months. So its liabilities total US$755.1m more than the combination of its cash and short-term receivables.
While this might seem like a lot, it is not so bad since Arcosa has a market capitalization of US$2.50b, and so it could probably strengthen its balance sheet by raising capital if it needed to. But we definitely want to keep our eyes open to indications that its debt is bringing too much risk.
We measure a company's debt load relative to its earnings power by looking at its net debt divided by its earnings before interest, tax, depreciation, and amortization (EBITDA) and by calculating how easily its earnings before interest and tax (EBIT) cover its interest expense (interest cover). The advantage of this approach is that we take into account both the absolute quantum of debt (with net debt to EBITDA) and the actual interest expenses associated with that debt (with its interest cover ratio).
We'd say that Arcosa's moderate net debt to EBITDA ratio ( being 2.1), indicates prudence when it comes to debt. And its strong interest cover of 10.1 times, makes us even more comfortable. Shareholders should be aware that Arcosa's EBIT was down 22% last year. If that earnings trend continues then paying off its debt will be about as easy as herding cats on to a roller coaster. There's no doubt that we learn most about debt from the balance sheet. But ultimately the future profitability of the business will decide if Arcosa can strengthen its balance sheet over time. So if you want to see what the professionals think, you might find this free report on analyst profit forecasts to be interesting.
Finally, while the tax-man may adore accounting profits, lenders only accept cold hard cash. So we clearly need to look at whether that EBIT is leading to corresponding free cash flow. Happily for any shareholders, Arcosa actually produced more free cash flow than EBIT over the last three years. There's nothing better than incoming cash when it comes to staying in your lenders' good graces.
Our View
Based on what we've seen Arcosa is not finding it easy, given its EBIT growth rate, but the other factors we considered give us cause to be optimistic. In particular, we are dazzled with its conversion of EBIT to free cash flow. Looking at all this data makes us feel a little cautious about Arcosa's debt levels. While we appreciate debt can enhance returns on equity, we'd suggest that shareholders keep close watch on its debt levels, lest they increase. The balance sheet is clearly the area to focus on when you are analysing debt. However, not all investment risk resides within the balance sheet - far from it. To that end, you should be aware of the 1 warning sign we've spotted with Arcosa .
If you're interested in investing in businesses that can grow profits without the burden of debt, then check out this free list of growing businesses that have net cash on the balance sheet.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | We note that Arcosa, Inc. (NYSE:ACA) does have debt on its balance sheet. NYSE:ACA Debt to Equity History September 30th 2021 How Healthy Is Arcosa's Balance Sheet? The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says 'The biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital.' | We note that Arcosa, Inc. (NYSE:ACA) does have debt on its balance sheet. NYSE:ACA Debt to Equity History September 30th 2021 How Healthy Is Arcosa's Balance Sheet? Generally speaking, debt only becomes a real problem when a company can't easily pay it off, either by raising capital or with its own cash flow. | We note that Arcosa, Inc. (NYSE:ACA) does have debt on its balance sheet. NYSE:ACA Debt to Equity History September 30th 2021 How Healthy Is Arcosa's Balance Sheet? The first step when considering a company's debt levels is to consider its cash and debt together. | We note that Arcosa, Inc. (NYSE:ACA) does have debt on its balance sheet. NYSE:ACA Debt to Equity History September 30th 2021 How Healthy Is Arcosa's Balance Sheet? But is this debt a concern to shareholders? |
35399.0 | 2021-09-22 00:00:00 UTC | How The Parts Add Up: FAB Headed For $81 | ACA | https://www.nasdaq.com/articles/how-the-parts-add-up%3A-fab-headed-for-%2481-2021-09-22 | nan | nan | Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the First Trust Multi Cap Value AlphaDEX Fund ETF (Symbol: FAB), we found that the implied analyst target price for the ETF based upon its underlying holdings is $80.56 per unit.
With FAB trading at a recent price near $69.40 per unit, that means that analysts see 16.09% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of FAB's underlying holdings with notable upside to their analyst target prices are Arcosa Inc (Symbol: ACA), Empire State Realty Trust Inc (Symbol: ESRT), and Inter Parfums, Inc. (Symbol: IPAR). Although ACA has traded at a recent price of $48.50/share, the average analyst target is 40.72% higher at $68.25/share. Similarly, ESRT has 33.23% upside from the recent share price of $9.72 if the average analyst target price of $12.95/share is reached, and analysts on average are expecting IPAR to reach a target price of $88.00/share, which is 28.26% above the recent price of $68.61. Below is a twelve month price history chart comparing the stock performance of ACA, ESRT, and IPAR:
Below is a summary table of the current analyst target prices discussed above:
NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
First Trust Multi Cap Value AlphaDEX Fund ETF FAB $69.40 $80.56 16.09%
Arcosa Inc ACA $48.50 $68.25 40.72%
Empire State Realty Trust Inc ESRT $9.72 $12.95 33.23%
Inter Parfums, Inc. IPAR $68.61 $88.00 28.26%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Although ACA has traded at a recent price of $48.50/share, the average analyst target is 40.72% higher at $68.25/share. First Trust Multi Cap Value AlphaDEX Fund ETF FAB $69.40 $80.56 16.09% Arcosa Inc ACA $48.50 $68.25 40.72% Empire State Realty Trust Inc ESRT $9.72 $12.95 33.23% Inter Parfums, Inc. IPAR $68.61 $88.00 28.26% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of FAB's underlying holdings with notable upside to their analyst target prices are Arcosa Inc (Symbol: ACA), Empire State Realty Trust Inc (Symbol: ESRT), and Inter Parfums, Inc. (Symbol: IPAR). | Three of FAB's underlying holdings with notable upside to their analyst target prices are Arcosa Inc (Symbol: ACA), Empire State Realty Trust Inc (Symbol: ESRT), and Inter Parfums, Inc. (Symbol: IPAR). First Trust Multi Cap Value AlphaDEX Fund ETF FAB $69.40 $80.56 16.09% Arcosa Inc ACA $48.50 $68.25 40.72% Empire State Realty Trust Inc ESRT $9.72 $12.95 33.23% Inter Parfums, Inc. IPAR $68.61 $88.00 28.26% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Although ACA has traded at a recent price of $48.50/share, the average analyst target is 40.72% higher at $68.25/share. | Three of FAB's underlying holdings with notable upside to their analyst target prices are Arcosa Inc (Symbol: ACA), Empire State Realty Trust Inc (Symbol: ESRT), and Inter Parfums, Inc. (Symbol: IPAR). Although ACA has traded at a recent price of $48.50/share, the average analyst target is 40.72% higher at $68.25/share. Below is a twelve month price history chart comparing the stock performance of ACA, ESRT, and IPAR: Below is a summary table of the current analyst target prices discussed above: | First Trust Multi Cap Value AlphaDEX Fund ETF FAB $69.40 $80.56 16.09% Arcosa Inc ACA $48.50 $68.25 40.72% Empire State Realty Trust Inc ESRT $9.72 $12.95 33.23% Inter Parfums, Inc. IPAR $68.61 $88.00 28.26% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of FAB's underlying holdings with notable upside to their analyst target prices are Arcosa Inc (Symbol: ACA), Empire State Realty Trust Inc (Symbol: ESRT), and Inter Parfums, Inc. (Symbol: IPAR). Although ACA has traded at a recent price of $48.50/share, the average analyst target is 40.72% higher at $68.25/share. |
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