Arcosa (NYSE:ACA) Given New $125.00 Price Target at DA Davidson

Arcosa (NYSE:ACA) had its price target raised by investment analysts at DA Davidson from $120.00 to $125.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. DA Davidson’s target price suggests a potential upside of 12.87% from the company’s previous close.

Several other research firms have also recently weighed in on ACA. Weiss Ratings restated a “buy (b-)” rating on shares of Arcosa in a research note on Monday, December 29th. Wall Street Zen cut Arcosa from a “buy” rating to a “hold” rating in a report on Sunday. Finally, Barclays raised their price objective on Arcosa from $106.00 to $115.00 and gave the company an “overweight” rating in a research note on Monday, November 3rd. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $120.00.

Arcosa Price Performance

Shares of NYSE ACA traded up $3.27 during mid-day trading on Monday, reaching $110.75. The company had a trading volume of 400,259 shares, compared to its average volume of 245,840. The firm has a market cap of $5.43 billion, a price-to-earnings ratio of 26.27, a PEG ratio of 1.45 and a beta of 1.00. The business’s 50-day simple moving average is $116.34 and its 200 day simple moving average is $104.86. Arcosa has a one year low of $68.11 and a one year high of $131.00. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.35 and a current ratio of 2.20.

Arcosa (NYSE:ACA) last announced its quarterly earnings data on Thursday, February 26th. The company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.20. The firm had revenue of $716.70 million for the quarter, compared to the consensus estimate of $719.46 million. Arcosa had a net margin of 7.23% and a return on equity of 8.64%. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.46 earnings per share. On average, research analysts predict that Arcosa will post 3.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Arcosa

Several large investors have recently modified their holdings of the business. Neuberger Berman Group LLC increased its holdings in Arcosa by 1.6% in the second quarter. Neuberger Berman Group LLC now owns 3,172,694 shares of the company’s stock valued at $275,153,000 after purchasing an additional 50,624 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Arcosa by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,322,901 shares of the company’s stock valued at $246,976,000 after buying an additional 13,059 shares during the period. Capital International Investors raised its position in shares of Arcosa by 0.7% during the fourth quarter. Capital International Investors now owns 2,244,231 shares of the company’s stock worth $238,607,000 after acquiring an additional 15,956 shares during the last quarter. State Street Corp lifted its stake in shares of Arcosa by 1.9% in the fourth quarter. State Street Corp now owns 1,948,344 shares of the company’s stock worth $207,148,000 after acquiring an additional 36,852 shares during the period. Finally, T. Rowe Price Investment Management Inc. increased its position in Arcosa by 25.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,707,884 shares of the company’s stock valued at $181,583,000 after purchasing an additional 342,242 shares during the period. Institutional investors own 90.66% of the company’s stock.

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.