Arcosa (NYSE:ACA) Stock Rating Upgraded by Wall Street Zen

Arcosa (NYSE:ACA) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Monday.

ACA has been the subject of a number of other research reports. Barclays upped their price objective on Arcosa from $106.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday, November 3rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Arcosa in a research report on Monday, December 1st. DA Davidson increased their price objective on shares of Arcosa from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, August 11th. Finally, Zacks Research downgraded shares of Arcosa from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Arcosa presently has an average rating of “Moderate Buy” and a consensus target price of $115.00.

Arcosa Trading Up 0.3%

Shares of ACA stock opened at $107.51 on Monday. The company has a current ratio of 2.02, a quick ratio of 1.30 and a debt-to-equity ratio of 0.61. Arcosa has a 12-month low of $68.11 and a 12-month high of $111.19. The stock has a market capitalization of $5.27 billion, a P/E ratio of 35.60, a P/E/G ratio of 1.57 and a beta of 1.00. The firm’s 50 day moving average is $97.75 and its 200 day moving average is $93.50.

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

Hedge Funds Weigh In On Arcosa

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

Arcosa Company Profile

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.