Arcosa (NYSE:ACA) Stock Rating Upgraded by Zacks Research

Arcosa (NYSE:ACA) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

ACA has been the subject of a number of other reports. Barclays raised their target price on Arcosa from $115.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Wall Street Zen raised shares of Arcosa from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Texas Capital cut shares of Arcosa from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Weiss Ratings downgraded shares of Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Finally, DA Davidson boosted their target price on shares of Arcosa from $120.00 to $125.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $138.33.

Arcosa Trading Up 0.1%

ACA opened at $144.99 on Monday. The firm has a market capitalization of $7.12 billion, a price-to-earnings ratio of 32.01, a price-to-earnings-growth ratio of 2.13 and a beta of 1.06. The company’s 50 day simple moving average is $124.49 and its two-hundred day simple moving average is $116.70. Arcosa has a 1-year low of $81.91 and a 1-year high of $146.92. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.32 and a quick ratio of 1.60.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. First Nebraska Trust Co purchased a new stake in shares of Arcosa in the 1st quarter valued at approximately $746,000. Wellington Grp LLC increased its holdings in Arcosa by 57.4% in the 1st quarter. Wellington Grp LLC now owns 5,950 shares of the company’s stock valued at $632,000 after purchasing an additional 2,170 shares during the last quarter. Amundi raised its position in Arcosa by 64.3% in the first quarter. Amundi now owns 13,090 shares of the company’s stock valued at $1,389,000 after purchasing an additional 5,122 shares during the period. California State Teachers Retirement System lifted its stake in Arcosa by 12.4% during the first quarter. California State Teachers Retirement System now owns 52,183 shares of the company’s stock worth $5,539,000 after purchasing an additional 5,740 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its position in shares of Arcosa by 21.8% during the first quarter. Quantinno Capital Management LP now owns 10,995 shares of the company’s stock worth $1,167,000 after buying an additional 1,970 shares during the period. Hedge funds and other institutional investors own 90.66% of the company’s stock.

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.