Arcosa (NYSE:ACA) Price Target Raised to $125.00

Arcosa (NYSE:ACA) had its price target boosted by research analysts at DA Davidson from $120.00 to $125.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. DA Davidson’s price objective indicates a potential upside of 12.87% from the stock’s current price.

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

Arcosa Trading Up 3.0%

Arcosa stock traded up $3.27 during trading hours on Monday, reaching $110.75. 400,259 shares of the company’s stock were exchanged, compared to its average volume of 245,840. The firm’s 50 day simple moving average is $116.34 and its 200 day simple moving average is $104.86. Arcosa has a twelve month low of $68.11 and a twelve month high of $131.00. The company has a quick ratio of 1.35, a current ratio of 2.20 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $5.43 billion, a PE ratio of 26.27, a PEG ratio of 1.45 and a beta of 1.00.

Arcosa (NYSE:ACA) last announced its earnings results on Thursday, February 26th. The company reported $1.15 EPS for the quarter, beating the consensus estimate of $0.95 by $0.20. Arcosa had a return on equity of 8.64% and a net margin of 7.23%.The company had revenue of $716.70 million for the quarter, compared to analyst estimates of $719.46 million. During the same quarter in the prior year, the company earned $0.46 EPS. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. Research analysts predict that Arcosa will post 3.23 earnings per share for the current year.

Hedge Funds Weigh In On Arcosa

A number of hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC raised its holdings in shares of Arcosa by 73.4% in the 4th quarter. Farther Finance Advisors LLC now owns 307 shares of the company’s stock worth $33,000 after purchasing an additional 130 shares during the period. First Horizon Corp bought a new stake in shares of Arcosa in the third quarter valued at $32,000. Salomon & Ludwin LLC purchased a new position in shares of Arcosa during the 3rd quarter valued at $33,000. Bessemer Group Inc. lifted its position in shares of Arcosa by 47.8% during the 3rd quarter. Bessemer Group Inc. now owns 368 shares of the company’s stock valued at $35,000 after buying an additional 119 shares during the last quarter. Finally, Allworth Financial LP grew 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 acquiring an additional 314 shares during the period. 90.66% of the stock is owned by hedge funds and other institutional investors.

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.