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

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

ACA has been the subject of a number of other research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Arcosa in a research report on Monday, December 29th. Barclays raised 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. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $117.50.

Arcosa Stock Performance

Arcosa stock opened at $126.35 on Friday. The firm has a market capitalization of $6.20 billion, a P/E ratio of 41.84, a P/E/G ratio of 1.68 and a beta of 1.00. The stock has a fifty day moving average price of $115.16 and a two-hundred day moving average price of $103.67. Arcosa has a 52-week low of $68.11 and a 52-week high of $131.00. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.02 and a quick ratio of 1.30.

Institutional Trading of Arcosa

Several hedge funds have recently modified their holdings of the stock. Franklin Resources Inc. raised its position in Arcosa by 2,770.5% in the 4th quarter. Franklin Resources Inc. now owns 736,018 shares of the company’s stock worth $78,253,000 after purchasing an additional 710,377 shares during the last quarter. Norges Bank acquired a new stake in shares of Arcosa in the 4th quarter valued at $68,225,000. Capital International Investors raised its position in shares of Arcosa by 28.3% during the third 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 during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Arcosa during the third quarter valued at $37,035,000. Finally, T. Rowe Price Investment Management Inc. lifted its stake in shares of Arcosa by 25.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,707,884 shares of the company’s stock valued at $181,583,000 after acquiring an additional 342,242 shares during the period. 90.66% of the stock is owned by institutional investors.

About Arcosa

Arcosa, Inc (NYSE: ACA) is a Dallas‐based industrial company that was formed through the spin‐off of Trinity Industries’ construction products business in 2018. Since its inception, Arcosa has focused on the manufacture and sale of critical infrastructure components, serving a diverse set of end markets including transportation, construction and energy.

The company’s Construction Products segment produces a broad range of highway safety products, such as guardrail systems, sign supports and crash cushions, as well as aggregates and ready‐mix concrete.