DA Davidson Increases Arcosa (NYSE:ACA) Price Target to $125.00

Arcosa (NYSE:ACA) had its target price hoisted by DA Davidson from $120.00 to $125.00 in a research note issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. DA Davidson’s target price suggests a potential upside of 13.26% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. Barclays lifted their price objective on shares of Arcosa from $106.00 to $115.00 and gave the stock an “overweight” rating in a research note on Monday, November 3rd. Wall Street Zen downgraded Arcosa from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Arcosa in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $120.00.

Arcosa Stock Performance

Shares of ACA opened at $110.37 on Monday. The firm has a market capitalization of $5.41 billion, a P/E ratio of 26.03, a PEG ratio of 1.44 and a beta of 1.01. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.20 and a quick ratio of 1.35. Arcosa has a one year low of $68.11 and a one year high of $131.00. The business has a fifty day moving average of $116.26 and a 200 day moving average of $105.03.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ACA. Franklin Resources Inc. increased its holdings in shares of Arcosa by 2,770.5% in the fourth quarter. Franklin Resources Inc. now owns 736,018 shares of the company’s stock valued at $78,253,000 after purchasing an additional 710,377 shares during the period. Norges Bank acquired a new position in shares of Arcosa in the 4th quarter valued at $68,225,000. Capital International Investors boosted its stake in shares of Arcosa by 28.3% during the 3rd quarter. Capital International Investors now owns 2,228,275 shares of the company’s stock worth $208,812,000 after acquiring an additional 491,165 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in Arcosa in the third quarter valued at approximately $37,035,000. Finally, T. Rowe Price Investment Management Inc. increased its holdings in Arcosa by 25.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,707,884 shares of the company’s stock worth $181,583,000 after acquiring an additional 342,242 shares in the last quarter. 90.66% of the stock is currently owned by 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.