DA Davidson Raises Arcosa (NYSE:ACA) Price Target to $120.00

Key Points

• DA Davidson raised Arcosa's price target from $110.00 to $120.00, indicating a potential upside of 24.82% from its current price.
• Arcosa reported a quarterly earnings per share of $1.27, exceeding expectations of $1.05, but its revenue of $736.90 million fell short of the projected $754.20 million.
• The company's stock is currently held 90.66% by hedge funds and other institutional investors, reflecting significant institutional interest.

Arcosa (NYSE:ACA - Get Free Report) had its target price raised by research analysts at DA Davidson from $110.00 to $120.00 in a report issued on Monday,Benzinga reports. The firm currently has a "buy" rating on the stock. DA Davidson's price target would indicate a potential upside of 24.82% from the company's current price.

Arcosa Stock Performance

Shares of NYSE ACA opened at $96.14 on Monday. The firm's 50-day moving average price is $88.15 and its 200-day moving average price is $86.72. Arcosa has a 52-week low of $68.11 and a 52-week high of $113.43. The company has a quick ratio of 1.35, a current ratio of 2.12 and a debt-to-equity ratio of 0.67. The company has a market cap of $4.69 billion, a PE ratio of 51.14 and a beta of 1.01.

Arcosa (NYSE:ACA - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.22. Arcosa had a net margin of 3.45% and a return on equity of 6.25%. The firm had revenue of $736.90 million for the quarter, compared to analysts' expectations of $754.20 million. During the same quarter in the prior year, the business earned $0.91 EPS. The business's quarterly revenue was up 10.9% on a year-over-year basis. As a group, analysts anticipate that Arcosa will post 3.23 EPS for the current year.

Insider Activity at Arcosa

In other news, insider Jesse E. Jr. Collins sold 8,616 shares of Arcosa stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $86.40, for a total transaction of $744,422.40. Following the sale, the insider owned 12,551 shares in the company, valued at $1,084,406.40. This trade represents a 40.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Eric D. Hurst sold 835 shares of Arcosa stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $88.57, for a total transaction of $73,955.95. Following the sale, the vice president owned 4,112 shares in the company, valued at approximately $364,199.84. The trade was a 16.88% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.20% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Banque Cantonale Vaudoise purchased a new position in shares of Arcosa in the first quarter valued at $28,000. Trust Co. of Toledo NA OH purchased a new position in shares of Arcosa in the second quarter valued at $40,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Arcosa in the second quarter valued at $51,000. Versant Capital Management Inc grew its holdings in shares of Arcosa by 81.5% in the first quarter. Versant Capital Management Inc now owns 804 shares of the company's stock valued at $62,000 after purchasing an additional 361 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Arcosa by 18.0% in the second quarter. Blue Trust Inc. now owns 939 shares of the company's stock valued at $81,000 after purchasing an additional 143 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.

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