Barclays Begins Coverage on Arcosa (NYSE:ACA)

Stock analysts at Barclays initiated coverage on shares of Arcosa (NYSE:ACA) in a note issued to investors on Tuesday, Marketbeat.com reports. The brokerage set an “overweight” rating and a $106.00 price target on the stock. Barclays‘s price target points to a potential upside of 11.39% from the stock’s previous close.

Several other research analysts also recently commented on ACA. Stephens upgraded Arcosa from an “equal weight” rating to an “overweight” rating and set a $96.00 price objective on the stock in a report on Wednesday, August 7th. Oppenheimer raised their price target on Arcosa from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th.

Arcosa Stock Performance

Arcosa stock opened at $95.16 on Tuesday. Arcosa has a fifty-two week low of $61.98 and a fifty-two week high of $97.65. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.36 and a current ratio of 2.31. The stock has a market cap of $4.62 billion, a P/E ratio of 32.59 and a beta of 0.71. The firm’s fifty day moving average price is $91.52 and its 200-day moving average price is $86.81.

Arcosa (NYSE:ACA) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.08. The firm had revenue of $664.70 million during the quarter, compared to analyst estimates of $661.54 million. Arcosa had a return on equity of 6.35% and a net margin of 6.05%. The company’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 earnings per share. On average, equities research analysts expect that Arcosa will post 3.39 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Steven J. Demetriou purchased 6,000 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were acquired at an average price of $87.70 per share, for a total transaction of $526,200.00. Following the completion of the acquisition, the director now directly owns 9,943 shares in the company, valued at approximately $872,001.10. The trade was a 100.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Antonio Carrillo purchased 12,125 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were bought at an average cost of $82.05 per share, for a total transaction of $994,856.25. Following the completion of the transaction, the chief executive officer now directly owns 406,275 shares of the company’s stock, valued at $33,334,863.75. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Steven J. Demetriou acquired 6,000 shares of the stock in a transaction on Thursday, September 12th. The shares were purchased at an average cost of $87.70 per share, with a total value of $526,200.00. Following the transaction, the director now directly owns 9,943 shares of the company’s stock, valued at approximately $872,001.10. This trade represents a 100.00 % increase in their position. The disclosure for this purchase can be found here. 1.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of ACA. Stonegate Investment Group LLC boosted its position in shares of Arcosa by 3.6% in the 3rd quarter. Stonegate Investment Group LLC now owns 3,095 shares of the company’s stock worth $293,000 after purchasing an additional 108 shares in the last quarter. Xponance Inc. grew its stake in shares of Arcosa by 4.4% in the second quarter. Xponance Inc. now owns 3,073 shares of the company’s stock worth $256,000 after acquiring an additional 130 shares during the last quarter. Sei Investments Co. increased its holdings in shares of Arcosa by 1.1% during the second quarter. Sei Investments Co. now owns 13,495 shares of the company’s stock valued at $1,126,000 after acquiring an additional 146 shares in the last quarter. Arizona State Retirement System raised its position in shares of Arcosa by 1.5% in the 2nd quarter. Arizona State Retirement System now owns 13,595 shares of the company’s stock worth $1,134,000 after purchasing an additional 195 shares during the last quarter. Finally, Evergreen Capital Management LLC boosted its stake in Arcosa by 5.5% in the 2nd quarter. Evergreen Capital Management LLC now owns 4,444 shares of the company’s stock worth $371,000 after purchasing an additional 233 shares in the last quarter. 90.66% of the stock is owned by hedge funds and other institutional investors.

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.