Arcosa (NYSE:ACA) Cut to Hold at Wall Street Zen

Arcosa (NYSE:ACA) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Sunday.

ACA has been the topic of several other research reports. Zacks Research downgraded Arcosa from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. DA Davidson lifted their price objective on shares of Arcosa from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, August 11th. Barclays upped their price objective on shares of Arcosa from $106.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday, November 3rd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Arcosa in a research note on Tuesday. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $115.00.

Arcosa Trading Up 0.1%

Shares of NYSE:ACA opened at $106.54 on Friday. The company has a quick ratio of 1.30, a current ratio of 2.02 and a debt-to-equity ratio of 0.61. The company’s 50-day moving average price is $96.48 and its 200 day moving average price is $92.79. The company has a market cap of $5.22 billion, a PE ratio of 35.28, a P/E/G ratio of 1.56 and a beta of 1.01. Arcosa has a fifty-two week low of $68.11 and a fifty-two week high of $111.19.

Arcosa (NYSE:ACA) last announced its quarterly earnings results on Wednesday, August 17th. The company reported $0.60 EPS for the quarter. The company had revenue of $515.10 million for the quarter. Arcosa had a net margin of 5.25% and a return on equity of 7.46%. Sell-side analysts anticipate that Arcosa will post 3.23 earnings per share for the current year.

Institutional Investors Weigh In On Arcosa

A number of institutional investors and hedge funds have recently bought and sold shares of ACA. McElhenny Sheffield Capital Management LLC bought a new stake in Arcosa during the second quarter worth approximately $93,040,000. Norges Bank acquired a new stake in shares of Arcosa during the 2nd quarter valued at $49,475,000. Capital International Investors boosted its stake in shares of Arcosa by 28.3% during the 3rd quarter. Capital International Investors now owns 2,228,275 shares of the company’s stock worth $208,812,000 after acquiring an additional 491,165 shares in the last quarter. Nuveen LLC acquired a new position in shares of Arcosa in the 1st quarter worth $33,982,000. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Arcosa during the third quarter worth $37,035,000. 90.66% of the stock is owned by institutional investors and hedge funds.

About Arcosa

Arcosa, Inc, together with its subsidiaries, provides infrastructure-related products and solutions for the construction, engineered structures, and transportation markets in the United States. It operates through three segments: Construction Products, Engineered Structures, and Transportation Products.