Arcosa (NYSE:ACA) Price Target Increased to $105.00 by Analysts at Oppenheimer

Arcosa (NYSE:ACA) had its price objective hoisted by Oppenheimer from $100.00 to $105.00 in a report released on Monday, Benzinga reports. The firm currently has an outperform rating on the stock.

ACA has been the topic of several other research reports. Stephens upgraded shares of Arcosa from an equal weight rating to an overweight rating and set a $96.00 target price on the stock in a report on Wednesday, August 7th. DA Davidson lifted their price objective on Arcosa from $105.00 to $110.00 and gave the stock a buy rating in a research report on Friday, May 17th.

Arcosa Trading Down 0.0 %

NYSE ACA opened at $87.36 on Monday. The firm has a market capitalization of $4.25 billion, a PE ratio of 29.92 and a beta of 0.74. The business’s 50-day moving average price is $85.05 and its two-hundred day moving average price is $83.83. The company has a current ratio of 2.28, a quick ratio of 1.36 and a debt-to-equity ratio of 0.25. Arcosa has a 12 month low of $61.98 and a 12 month high of $95.50.

Arcosa (NYSE:ACA) last announced its earnings results on Thursday, August 1st. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.83 by $0.08. Arcosa had a return on equity of 6.40% and a net margin of 6.05%. The business had revenue of $664.70 million for the quarter, compared to analysts’ expectations of $661.54 million. During the same period in the prior year, the business posted $0.76 earnings per share. The firm’s revenue was up 13.7% on a year-over-year basis. On average, analysts expect that Arcosa will post 3.58 EPS for the current year.

Insiders Place Their Bets

In other Arcosa news, insider Bryan Stevenson sold 4,000 shares of Arcosa stock in a transaction on Friday, August 16th. The shares were sold at an average price of $83.78, for a total value of $335,120.00. Following the completion of the sale, the insider now directly owns 35,333 shares of the company’s stock, valued at $2,960,198.74. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Arcosa news, insider Bryan Stevenson sold 4,000 shares of Arcosa stock in a transaction on Friday, August 16th. The shares were sold at an average price of $83.78, for a total value of $335,120.00. Following the completion of the sale, the insider now directly owns 35,333 shares of the company’s stock, valued at $2,960,198.74. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Antonio Carrillo purchased 12,125 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was bought at an average cost of $82.05 per share, with a total value of $994,856.25. Following the completion of the purchase, the chief executive officer now owns 406,275 shares of the company’s stock, valued at approximately $33,334,863.75. The disclosure for this purchase can be found here. Corporate insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Arcosa

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Xponance Inc. increased its position in shares of Arcosa by 4.4% during the second quarter. Xponance Inc. now owns 3,073 shares of the company’s stock worth $256,000 after acquiring an additional 130 shares in the last quarter. Sei Investments Co. increased its position in shares of Arcosa by 1.1% during the second quarter. Sei Investments Co. now owns 13,495 shares of the company’s stock worth $1,126,000 after acquiring an additional 146 shares in the last quarter. Arizona State Retirement System increased its position in shares of Arcosa by 1.5% during the second quarter. Arizona State Retirement System now owns 13,595 shares of the company’s stock worth $1,134,000 after acquiring an additional 195 shares in the last quarter. Quadrant Capital Group LLC increased its position in shares of Arcosa by 22.9% during the fourth quarter. Quadrant Capital Group LLC now owns 1,072 shares of the company’s stock worth $89,000 after acquiring an additional 200 shares in the last quarter. Finally, Evergreen Capital Management LLC increased its position in shares of Arcosa by 5.5% during the second quarter. Evergreen Capital Management LLC now owns 4,444 shares of the company’s stock worth $371,000 after acquiring an additional 233 shares in the last quarter. 90.66% of the stock is owned by institutional investors.

About Arcosa

Arcosa, Inc, together with its subsidiaries, provides infrastructure-related products and solutions for the construction, engineered structures, and transportation markets in the United States. It operates through three segments: Construction Products, Engineered Structures, and Transportation Products.