Arcosa, Inc. (NYSE:ACA) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• Analysts maintain a “Hold” consensus on Arcosa, with four hold ratings and three buys. The average 12-month price target is $141.25, below the stock’s reported $145.51 opening price.
• Arcosa’s latest quarterly results fell short of expectations: EPS was $1.13 versus the $1.18 consensus, while revenue of $658.7 million missed estimates of $687.5 million and declined 10.6% year over year.
• Institutional investors and hedge funds own 90.66% of Arcosa’s shares, with several major holders increasing their positions during the first and second quarters.

Arcosa, Inc. (NYSE:ACA - Get Free Report) has been given an average rating of "Hold" by the seven research firms that are covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $141.25.

ACA has been the topic of a number of recent research reports. Stephens set a $150.00 price target on shares of Arcosa in a research report on Thursday, August 6th. Texas Capital downgraded shares of Arcosa from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 23rd. Weiss Ratings upgraded Arcosa from a "hold (c+)" rating to a "buy (b)" rating in a report on Friday, August 21st. Citigroup lowered Arcosa to a "hold" rating in a research report on Tuesday, June 23rd. Finally, Zacks Research raised Arcosa from a "strong sell" rating to a "hold" rating in a report on Monday, June 22nd.

Arcosa Stock Up 0.2%

Shares of ACA opened at $145.51 on Friday. The stock has a 50 day moving average price of $144.88 and a 200 day moving average price of $127.68. Arcosa has a one year low of $89.03 and a one year high of $146.92. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.31 and a current ratio of 3.12. The stock has a market capitalization of $7.15 billion, a price-to-earnings ratio of 14.58, a PEG ratio of 2.18 and a beta of 1.05.

Arcosa (NYSE:ACA - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $1.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.18 by ($0.05). The business had revenue of $658.70 million for the quarter, compared to analysts' expectations of $687.50 million. Arcosa had a return on equity of 7.90% and a net margin of 17.90%.Arcosa's quarterly revenue was down 10.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.27 EPS. Equities research analysts forecast that Arcosa will post 4.16 earnings per share for the current fiscal year.

Institutional Trading of Arcosa

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC raised its holdings in shares of Arcosa by 20.6% during the 1st quarter. AQR Capital Management LLC now owns 8,326 shares of the company's stock worth $642,000 after acquiring an additional 1,423 shares during the period. United Services Automobile Association acquired a new stake in Arcosa during the first quarter worth about $256,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Arcosa by 11.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,244 shares of the company's stock worth $11,047,000 after purchasing an additional 14,723 shares during the last quarter. Jane Street Group LLC raised its stake in Arcosa by 193.8% during the first quarter. Jane Street Group LLC now owns 105,243 shares of the company's stock worth $8,116,000 after purchasing an additional 69,427 shares during the period. Finally, American Century Companies Inc. raised its stake in Arcosa by 1.4% during the second quarter. American Century Companies Inc. now owns 12,690 shares of the company's stock worth $1,100,000 after purchasing an additional 181 shares during the period. 90.66% of the stock is owned by institutional investors and hedge funds.

About Arcosa

Arcosa, Inc NYSE: ACA is a Dallas‐based industrial company that was formed through the spin‐off of Trinity Industries' construction products business in 2018. Since its inception, Arcosa has focused on the manufacture and sale of critical infrastructure components, serving a diverse set of end markets including transportation, construction and energy.

The company's Construction Products segment produces a broad range of highway safety products, such as guardrail systems, sign supports and crash cushions, as well as aggregates and ready‐mix concrete.

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