Arcosa (NYSE:ACA) Now Covered by Analysts at Barclays

Investment analysts at Barclays initiated coverage on shares of Arcosa (NYSE:ACA - Get Free Report) in a note issued to investors on Tuesday, Marketbeat reports. The firm set an "overweight" rating and a $106.00 price target on the stock. Barclays's target price suggests a potential upside of 12.42% from the company's previous close.

Several other analysts have also recently issued reports on the company. Stephens upgraded Arcosa from an "equal weight" rating to an "overweight" rating and set a $96.00 target price for the company in a report on Wednesday, August 7th. Oppenheimer upped their price objective on shares of Arcosa from $100.00 to $105.00 and gave the company an "outperform" rating in a report on Monday, August 19th.

Arcosa Price Performance

Shares of NYSE ACA traded down $1.13 during midday trading on Tuesday, hitting $94.29. The stock had a trading volume of 214,430 shares, compared to its average volume of 236,032. The company has a quick ratio of 1.36, a current ratio of 2.31 and a debt-to-equity ratio of 0.29. Arcosa has a 1 year low of $61.98 and a 1 year high of $97.65. The company has a market capitalization of $4.58 billion, a PE ratio of 32.29 and a beta of 0.71. The stock has a 50 day simple moving average of $91.52 and a 200-day simple moving average of $86.81.

Arcosa (NYSE:ACA - Get Free Report) last released its earnings results on Thursday, August 1st. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.83 by $0.08. The business had revenue of $664.70 million during the quarter, compared to analyst estimates of $661.54 million. Arcosa had a net margin of 6.05% and a return on equity of 6.35%. The company's revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.76 earnings per share. On average, sell-side analysts expect that Arcosa will post 3.39 EPS for the current fiscal year.

Insider Buying and Selling

In other Arcosa news, insider Bryan Stevenson sold 4,000 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $83.78, for a total transaction of $335,120.00. Following the completion of the transaction, the insider now owns 35,333 shares of the company's stock, valued at $2,960,198.74. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Arcosa news, Director Steven J. Demetriou bought 6,000 shares of Arcosa stock in a transaction on Thursday, September 12th. The shares were bought at an average cost of $87.70 per share, for a total transaction of $526,200.00. Following the acquisition, the director now directly owns 9,943 shares in the company, valued at $872,001.10. This represents a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 transaction, the insider now owns 35,333 shares of the company's stock, valued at approximately $2,960,198.74. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company's stock.

Hedge Funds Weigh In On Arcosa

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Harbor Capital Advisors Inc. lifted its position in shares of Arcosa by 152.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 195,358 shares of the company's stock worth $18,512,000 after purchasing an additional 117,892 shares during the last quarter. First Trust Direct Indexing L.P. acquired a new position in Arcosa in the third quarter valued at approximately $206,000. Stonegate Investment Group LLC raised its stake in Arcosa by 3.6% during the 3rd quarter. Stonegate Investment Group LLC now owns 3,095 shares of the company's stock worth $293,000 after acquiring an additional 108 shares in the last quarter. Creative Planning lifted its position in Arcosa by 38.5% in the third quarter. Creative Planning now owns 13,218 shares of the company's stock valued at $1,253,000 after acquiring an additional 3,672 shares during the last quarter. Finally, Peddock Capital Advisors LLC boosted its stake in Arcosa by 2.7% in the third quarter. Peddock Capital Advisors LLC now owns 14,246 shares of the company's stock valued at $1,350,000 after acquiring an additional 380 shares in the last quarter. 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.