Oppenheimer Increases Arcosa (NYSE:ACA) Price Target to $110.00

Arcosa (NYSE:ACA - Get Free Report) had its price target upped by equities researchers at Oppenheimer from $105.00 to $110.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Oppenheimer's price target suggests a potential upside of 14.27% from the stock's previous close.

Separately, Barclays assumed coverage on Arcosa in a report on Tuesday, October 29th. They set an "overweight" rating and a $106.00 price target for the company.

Arcosa Stock Up 3.5 %

Shares of ACA traded up $3.30 during midday trading on Tuesday, hitting $96.26. The company had a trading volume of 396,506 shares, compared to its average volume of 232,851. Arcosa has a 1 year low of $72.75 and a 1 year high of $113.43. The firm has a market capitalization of $4.70 billion, a P/E ratio of 36.60 and a beta of 0.76. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.77 and a current ratio of 3.61. The company's 50-day simple moving average is $103.05 and its 200-day simple moving average is $94.00.

Arcosa (NYSE:ACA - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.78 by $0.13. Arcosa had a net margin of 5.17% and a return on equity of 6.64%. The company had revenue of $640.40 million during the quarter, compared to analysts' expectations of $682.52 million. During the same quarter in the previous year, the business posted $0.73 EPS. The firm's revenue was up 8.2% on a year-over-year basis. As a group, sell-side analysts expect that Arcosa will post 3.37 EPS for the current year.

Hedge Funds Weigh In On Arcosa

Hedge funds have recently made changes to their positions in the company. Public Sector Pension Investment Board increased its holdings in shares of Arcosa by 6.9% in the 2nd quarter. Public Sector Pension Investment Board now owns 106,881 shares of the company's stock valued at $8,915,000 after acquiring an additional 6,934 shares during the period. Squarepoint Ops LLC acquired a new position in Arcosa in the second quarter valued at $614,000. Peregrine Asset Advisers Inc. acquired a new position in Arcosa in the third quarter valued at $590,000. Barclays PLC raised its holdings in shares of Arcosa by 330.9% in the third quarter. Barclays PLC now owns 81,782 shares of the company's stock valued at $7,750,000 after buying an additional 62,804 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its stake in shares of Arcosa by 152.2% during the third quarter. Harbor Capital Advisors Inc. now owns 195,358 shares of the company's stock worth $18,512,000 after buying an additional 117,892 shares during the period. Hedge funds and other institutional investors own 90.66% of the company's stock.

Arcosa Company Profile

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.