Arcosa, Inc. (NYSE:ACA) Receives Average Rating of “Hold” from Analysts

Arcosa, Inc. (NYSE:ACA) has received a consensus rating of “Hold” from the seven research firms that are presently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $141.25.

ACA has been the subject of a number of recent analyst reports. Barclays raised their price objective on Arcosa from $115.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Wall Street Zen upgraded shares of Arcosa from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th. Citigroup downgraded shares of Arcosa to a “hold” rating in a research note on Tuesday, June 23rd. Texas Capital lowered shares of Arcosa from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Finally, Zacks Research raised shares of Arcosa from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd.

Arcosa Trading Up 0.2%

Shares of Arcosa stock opened at $145.51 on Friday. The stock has a 50 day moving average of $144.88 and a 200 day moving average of $127.68. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.31 and a current ratio of 3.12. The firm has a market capitalization of $7.15 billion, a price-to-earnings ratio of 14.58, a PEG ratio of 2.18 and a beta of 1.05. Arcosa has a fifty-two week low of $89.03 and a fifty-two week high of $146.92.

Arcosa (NYSE:ACA) last posted its earnings results on Wednesday, August 5th. The company reported $1.13 EPS for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.05). Arcosa had a net margin of 17.90% and a return on equity of 7.90%. The business had revenue of $658.70 million during the quarter, compared to analysts’ expectations of $687.50 million. During the same quarter in the prior year, the firm earned $1.27 EPS. Arcosa’s revenue for the quarter was down 10.6% compared to the same quarter last year. As a group, research analysts predict that Arcosa will post 4.16 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. State of Wyoming acquired a new stake in shares of Arcosa in the first quarter valued at $30,000. GHP Investment Advisors Inc. acquired a new position in Arcosa during the 1st quarter worth about $32,000. Farther Finance Advisors LLC boosted its holdings in Arcosa by 73.4% during the 4th quarter. Farther Finance Advisors LLC now owns 307 shares of the company’s stock valued at $33,000 after acquiring an additional 130 shares during the period. Quarry LP boosted its holdings in Arcosa by 160.0% during the 3rd quarter. Quarry LP now owns 403 shares of the company’s stock valued at $38,000 after acquiring an additional 248 shares during the period. Finally, Allworth Financial LP grew its position in Arcosa by 392.5% in the 4th quarter. Allworth Financial LP now owns 394 shares of the company’s stock valued at $42,000 after acquiring an additional 314 shares in the last quarter. 90.66% of the stock is currently 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.