Arcosa (NYSE:ACA) Raised to “Hold” at Wall Street Zen

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

Several other equities research analysts also recently weighed in on the company. Zacks Research downgraded Arcosa from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 28th. DA Davidson increased their price target on Arcosa from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Texas Capital raised Arcosa to a “strong-buy” rating in a report on Friday, March 27th. Barclays increased their price target on Arcosa from $115.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Finally, Oppenheimer initiated coverage on Arcosa in a report on Thursday. They set an “outperform” rating and a $150.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $138.33.

Arcosa Price Performance

ACA stock opened at $126.74 on Friday. The company has a market capitalization of $6.22 billion, a P/E ratio of 27.98, a PEG ratio of 1.87 and a beta of 1.08. Arcosa has a twelve month low of $81.91 and a twelve month high of $135.58. The business has a 50 day simple moving average of $116.50 and a 200-day simple moving average of $113.39. The company has a current ratio of 2.32, a quick ratio of 1.60 and a debt-to-equity ratio of 0.57.

Arcosa (NYSE:ACA) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.38. The business had revenue of $571.70 million during the quarter, compared to the consensus estimate of $642.40 million. Arcosa had a return on equity of 8.52% and a net margin of 7.88%.The company’s revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.49 earnings per share. As a group, equities analysts anticipate that Arcosa will post 4.25 EPS for the current year.

Institutional Investors Weigh In On Arcosa

Several hedge funds have recently modified their holdings of ACA. Impax Asset Management Group plc increased its position in shares of Arcosa by 74.7% in the third quarter. Impax Asset Management Group plc now owns 141,500 shares of the company’s stock valued at $13,260,000 after buying an additional 60,500 shares in the last quarter. Public Sector Pension Investment Board increased its position in shares of Arcosa by 15.0% in the third quarter. Public Sector Pension Investment Board now owns 191,334 shares of the company’s stock valued at $17,930,000 after buying an additional 24,892 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Arcosa by 23.3% in the third quarter. Fisher Asset Management LLC now owns 112,106 shares of the company’s stock valued at $10,505,000 after buying an additional 21,181 shares in the last quarter. Capital International Investors increased its position in shares of Arcosa by 28.3% in 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 in the last quarter. Finally, Asset Management One Co. Ltd. purchased a new position in shares of Arcosa in the fourth quarter valued at $2,564,000. 90.66% of the stock is owned by institutional investors and hedge funds.

Arcosa Company Profile

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.