Arcosa (NYSE:ACA) Upgraded by Zacks Research to Hold Rating

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

ACA has been the topic of a number of other research reports. Wall Street Zen upgraded shares of Arcosa from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Oppenheimer started coverage on Arcosa in a research note on Thursday, May 28th. They issued an “outperform” rating and a $150.00 price target on the stock. DA Davidson lifted their price objective on Arcosa from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Barclays increased 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. Finally, Citigroup downgraded Arcosa to a “hold” rating in a report on Tuesday. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $138.33.

Arcosa Price Performance

ACA opened at $144.99 on Monday. The company has a current ratio of 2.32, a quick ratio of 1.60 and a debt-to-equity ratio of 0.57. The company has a market cap 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 stock has a fifty day simple moving average of $124.49 and a two-hundred day simple moving average of $116.70. Arcosa has a 12-month low of $81.91 and a 12-month high of $146.92.

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

Institutional Investors Weigh In On Arcosa

Institutional investors have recently modified their holdings of the business. State of Wyoming bought a new stake in Arcosa in the 1st quarter worth about $30,000. GHP Investment Advisors Inc. purchased a new stake in shares of Arcosa during the 1st quarter valued at about $32,000. Farther Finance Advisors LLC boosted its holdings in shares of Arcosa by 73.4% during the 4th quarter. Farther Finance Advisors LLC now owns 307 shares of the company’s stock valued at $33,000 after acquiring an additional 130 shares during the last quarter. Quarry LP boosted its holdings in shares of Arcosa by 160.0% during the 3rd quarter. Quarry LP now owns 403 shares of the company’s stock valued at $38,000 after acquiring an additional 248 shares during the last quarter. Finally, Allworth Financial LP grew its stake in shares of Arcosa by 392.5% in the fourth 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.

Trending Headlines about Arcosa

Here are the key news stories impacting Arcosa this week:

• Positive Sentiment: CRH agreed to buy Arcosa, Inc. (ACA) for $150 per share in cash, giving shareholders a sizable premium and likely setting a near-term floor under the stock. CRH to Acquire Arcosa; Leading U.S. Provider of Aggregates and Critical Infrastructure Products for $8.5B
• Positive Sentiment: Market coverage highlighted Arcosa’s shares jumping on the takeover news, reflecting investor enthusiasm for the premium buyout price. Arcosa Stock Rises on $8.5 Billion Acquisition by CRH
• Positive Sentiment: The deal could benefit CRH by expanding its aggregates footprint and infrastructure exposure, which supports the strategic rationale for completing the transaction. Is CRH’s $8.5 Billion Arcosa Acquisition a Game Changer?
• Neutral Sentiment: Several law firms announced investigations into whether Arcosa’s board secured a fair price for shareholders, which could create legal headlines but does not change the announced deal terms yet.
• Neutral Sentiment: One commentary noted the stock looks overvalued after the rally, suggesting upside may be capped near the deal price if no higher bid emerges.

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.