Arcosa (NYSE:ACA) was upgraded by G.Research from a “hold” rating to a “buy” rating in a report released on Monday, Analyst Ratings Network reports. G.Research also issued estimates for Arcosa’s FY2022 earnings at $2.35 EPS.
Several other analysts have also recently issued reports on ACA. Zacks Investment Research raised shares of Arcosa from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 27th. Oppenheimer increased their target price on shares of Arcosa from $60.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, February 25th. Gabelli upgraded shares of Arcosa from a “hold” rating to a “buy” rating in a research note on Monday. Finally, Sidoti cut Arcosa from a “buy” rating to a “neutral” rating and increased their price objective for the company from $64.00 to $67.00 in a research note on Monday, February 22nd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $61.50.
Arcosa stock opened at $64.47 on Monday. The company has a market capitalization of $3.11 billion, a PE ratio of 26.75, a price-to-earnings-growth ratio of 5.38 and a beta of 0.42. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.44 and a current ratio of 2.37. Arcosa has a fifty-two week low of $31.03 and a fifty-two week high of $68.46. The firm has a 50 day moving average price of $63.10 and a 200 day moving average price of $58.12.
Several institutional investors and hedge funds have recently made changes to their positions in the company. First Trust Advisors LP acquired a new position in shares of Arcosa during the first quarter worth $4,006,000. IHT Wealth Management LLC increased its holdings in shares of Arcosa by 3.7% in the 3rd quarter. IHT Wealth Management LLC now owns 8,556 shares of the company’s stock valued at $377,000 after acquiring an additional 309 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Arcosa by 40.1% in the 4th quarter. Pacer Advisors Inc. now owns 14,509 shares of the company’s stock valued at $797,000 after acquiring an additional 4,155 shares during the last quarter. Centaurus Financial Inc. acquired a new stake in shares of Arcosa during the 4th quarter worth about $108,000. Finally, Nisa Investment Advisors LLC lifted its stake in Arcosa by 2.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 15,677 shares of the company’s stock worth $861,000 after purchasing an additional 300 shares during the last quarter. Institutional investors and hedge funds own 85.76% of the company’s stock.
Arcosa, Inc, together with its subsidiaries, provides infrastructure-related products and solutions for the construction, energy, and transportation markets in North America. It operates through three segments: Construction Products, Engineered Structures, and Transportation Products. The Construction Products segment offers natural and lightweight aggregates; specialty materials, including lightweight aggregates and plaster; trench shields and shoring products for residential and non-residential construction, agriculture, specialty building products, and underground construction markets, as well as for infrastructure, including road, bridge, and other public products markets.
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