Arcosa (NYSE:ACA) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Arcosa (NYSE:ACA) from a hold rating to a buy rating in a research report report published on Saturday morning.

A number of other equities research analysts also recently commented on the company. Weiss Ratings restated a “buy (b-)” rating on shares of Arcosa in a research report on Monday, December 29th. Barclays boosted their price objective on shares of Arcosa from $106.00 to $115.00 and gave the company an “overweight” rating in a report on Monday, November 3rd. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $117.50.

Arcosa Stock Up 1.5%

Shares of NYSE:ACA opened at $126.35 on Friday. Arcosa has a 52-week low of $68.11 and a 52-week high of $131.00. The stock has a market cap of $6.20 billion, a P/E ratio of 41.84, a PEG ratio of 1.71 and a beta of 1.00. The business has a fifty day moving average of $115.16 and a two-hundred day moving average of $103.80. The company has a quick ratio of 1.30, a current ratio of 2.02 and a debt-to-equity ratio of 0.61.

Arcosa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Thursday, January 15th were paid a dividend of $0.05 per share. The ex-dividend date was Thursday, January 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. Arcosa’s dividend payout ratio is 6.62%.

Hedge Funds Weigh In On Arcosa

A number of large investors have recently bought and sold shares of the company. Farther Finance Advisors LLC increased its stake in shares of Arcosa by 73.4% during the fourth quarter. Farther Finance Advisors LLC now owns 307 shares of the company’s stock worth $33,000 after acquiring an additional 130 shares during the period. First Horizon Corp purchased a new stake in Arcosa in the 3rd quarter valued at approximately $32,000. Salomon & Ludwin LLC purchased a new stake in Arcosa in the 3rd quarter valued at approximately $33,000. Bessemer Group Inc. increased its position in Arcosa by 47.8% during the 3rd quarter. Bessemer Group Inc. now owns 368 shares of the company’s stock worth $35,000 after purchasing an additional 119 shares during the period. Finally, Allworth Financial LP raised its stake in shares of Arcosa by 392.5% during the 4th quarter. Allworth Financial LP now owns 394 shares of the company’s stock worth $42,000 after buying an additional 314 shares in the last quarter. Hedge funds and other 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.