Arcosa (NYSE:ACA) Coverage Initiated by Analysts at Oppenheimer

Oppenheimer began coverage on shares of Arcosa (NYSE:ACA) in a research report issued on Thursday. The brokerage set an “outperform” rating and a $150.00 price target on the stock. Oppenheimer’s target price suggests a potential upside of 19.76% from the company’s current price.

Other analysts have also issued research reports about the company. Barclays lifted their target price on shares of Arcosa from $115.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. DA Davidson lifted their price objective on Arcosa from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Zacks Research lowered Arcosa from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 28th. Weiss Ratings cut Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Finally, Texas Capital raised Arcosa to a “strong-buy” rating in a research report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $138.33.

Arcosa Price Performance

Arcosa stock traded down $1.49 during midday trading on Thursday, reaching $125.25. The company’s stock had a trading volume of 11,289 shares, compared to its average volume of 287,642. The firm has a market capitalization of $6.15 billion, a PE ratio of 27.65, a P/E/G ratio of 1.86 and a beta of 1.08. Arcosa has a fifty-two week low of $81.91 and a fifty-two week high of $135.58. The stock’s 50 day simple moving average is $115.60 and its 200 day simple moving average is $113.10. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.60 and a current ratio of 2.32.

Arcosa (NYSE:ACA) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.38. The business had revenue of $571.70 million during the quarter, compared to the consensus estimate of $642.40 million. Arcosa had a net margin of 7.88% and a return on equity of 8.52%. The business’s revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.49 EPS. On average, equities research analysts forecast that Arcosa will post 4.22 earnings per share for the current year.

Institutional Investors Weigh In On Arcosa

A number of large investors have recently added to or reduced their stakes in ACA. State of Wyoming acquired a new stake in Arcosa during the 1st quarter valued at approximately $30,000. GHP Investment Advisors Inc. purchased a new position in shares of Arcosa during the 1st quarter valued at approximately $32,000. Farther Finance Advisors LLC boosted its stake 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 buying an additional 130 shares during the last quarter. Bessemer Group Inc. grew its position in shares of Arcosa by 47.8% during the third quarter. Bessemer Group Inc. now owns 368 shares of the company’s stock worth $35,000 after buying an additional 119 shares in the last quarter. Finally, Allworth Financial LP grew its position in shares of Arcosa by 392.5% during the fourth 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. 90.66% of the stock is owned by institutional investors and hedge funds.

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.