Oppenheimer Raises Arcosa (NYSE:ACA) Price Target to $105.00

Arcosa (NYSE:ACA) had its target price raised by Oppenheimer from $100.00 to $105.00 in a research note published on Monday morning, Benzinga reports. The brokerage currently has an outperform rating on the stock.

Other analysts have also issued reports about the company. Stephens upgraded Arcosa from an equal weight rating to an overweight rating and set a $96.00 price objective for the company in a research report on Wednesday, August 7th. DA Davidson lifted their price target on shares of Arcosa from $105.00 to $110.00 and gave the stock a buy rating in a research report on Friday, May 17th.

Arcosa Price Performance

Shares of ACA stock opened at $87.37 on Monday. Arcosa has a 1 year low of $61.98 and a 1 year high of $95.50. The company has a current ratio of 2.28, a quick ratio of 1.36 and a debt-to-equity ratio of 0.25. The firm’s 50 day moving average is $84.99 and its 200-day moving average is $83.80. The firm has a market capitalization of $4.25 billion, a price-to-earnings ratio of 29.92 and a beta of 0.74.

Arcosa (NYSE:ACA) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.08. The firm had revenue of $664.70 million for the quarter, compared to the consensus estimate of $661.54 million. Arcosa had a return on equity of 6.40% and a net margin of 6.05%. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.76 EPS. Sell-side analysts forecast that Arcosa will post 3.58 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Antonio Carrillo purchased 12,125 shares of Arcosa stock in a transaction dated Thursday, August 8th. The stock was bought at an average price of $82.05 per share, for a total transaction of $994,856.25. Following the completion of the acquisition, the chief executive officer now directly owns 406,275 shares of the company’s stock, valued at $33,334,863.75. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, insider Bryan Stevenson sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $83.78, for a total transaction of $335,120.00. Following the completion of the transaction, the insider now directly owns 35,333 shares of the company’s stock, valued at approximately $2,960,198.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Antonio Carrillo acquired 12,125 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was acquired at an average cost of $82.05 per share, for a total transaction of $994,856.25. Following the transaction, the chief executive officer now owns 406,275 shares of the company’s stock, valued at $33,334,863.75. The disclosure for this purchase can be found here. Corporate insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Xponance Inc. raised its holdings in shares of Arcosa by 4.4% in the 2nd quarter. Xponance Inc. now owns 3,073 shares of the company’s stock valued at $256,000 after purchasing an additional 130 shares during the period. Sei Investments Co. increased its position in Arcosa by 1.1% during the second quarter. Sei Investments Co. now owns 13,495 shares of the company’s stock worth $1,126,000 after buying an additional 146 shares during the last quarter. Arizona State Retirement System raised its stake in Arcosa by 1.5% in the second quarter. Arizona State Retirement System now owns 13,595 shares of the company’s stock valued at $1,134,000 after buying an additional 195 shares during the period. Quadrant Capital Group LLC lifted its position in shares of Arcosa by 22.9% in the fourth quarter. Quadrant Capital Group LLC now owns 1,072 shares of the company’s stock valued at $89,000 after buying an additional 200 shares during the last quarter. Finally, Evergreen Capital Management LLC boosted its stake in shares of Arcosa by 5.5% during the 2nd quarter. Evergreen Capital Management LLC now owns 4,444 shares of the company’s stock worth $371,000 after acquiring an additional 233 shares during the period. 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.