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

Arcosa (NYSE:ACA) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Several other equities analysts have also weighed in on the company. Barclays raised their target price on Arcosa from $106.00 to $115.00 and gave the company an “overweight” rating in a report on Monday, November 3rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Arcosa in a research note on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $117.50.

Arcosa Stock Performance

Shares of ACA opened at $126.35 on Friday. The firm has a market cap of $6.20 billion, a price-to-earnings ratio of 41.84, a price-to-earnings-growth ratio of 1.68 and a beta of 1.00. The company’s fifty day moving average is $115.16 and its 200-day moving average is $103.67. 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 has a 12 month low of $68.11 and a 12 month high of $131.00.

Hedge Funds Weigh In On Arcosa

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC raised its stake in shares of Arcosa by 73.4% in 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 in the last quarter. First Horizon Corp bought a new stake in Arcosa in the third quarter valued at about $32,000. Salomon & Ludwin LLC acquired a new position in Arcosa in the third quarter worth about $33,000. Bessemer Group Inc. lifted its stake in Arcosa by 47.8% during the third 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 lifted its stake in Arcosa by 392.5% during the fourth quarter. Allworth Financial LP now owns 394 shares of the company’s stock worth $42,000 after purchasing an additional 314 shares during the period. 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.