Weiss Ratings Reaffirms "Hold (C)" Rating for Arcosa (NYSE:ACA)

Key Points

• Weiss Ratings has reaffirmed its "Hold (C)" rating for Arcosa (NYSE: ACA), indicating stability in the current assessment of the company's stock.
• DA Davidson upgraded Arcosa's price target from $110.00 to $120.00 and rated the stock as a "buy," adding to the overall positive sentiment from analysts.
• Arcosa's recent earnings report showed a 10.9% increase in quarterly revenue year-over-year, with an EPS of $1.27 surpassing estimates by $0.22.

Arcosa (NYSE:ACA - Get Free Report)'s stock had its "hold (c)" rating reiterated by equities researchers at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Separately, DA Davidson boosted their price objective on shares of Arcosa from $110.00 to $120.00 and gave the stock a "buy" rating in a report on Monday, August 11th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $112.00.

Arcosa Stock Up 1.7%

Shares of NYSE:ACA traded up $1.58 during trading on Wednesday, reaching $92.44. 44,906 shares of the company traded hands, compared to its average volume of 279,673. The firm has a fifty day simple moving average of $94.36 and a 200 day simple moving average of $87.96. The firm has a market cap of $4.53 billion, a P/E ratio of 49.17 and a beta of 0.98. Arcosa has a 1-year low of $68.11 and a 1-year 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.

Arcosa (NYSE:ACA - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $1.27 earnings per share (EPS) for the quarter, beating 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 business had revenue of $736.90 million during the quarter, compared to analyst estimates of $754.20 million. During the same quarter in the previous year, the business earned $0.91 EPS. Arcosa's quarterly revenue was up 10.9% compared to the same quarter last year. Arcosa has set its FY 2025 guidance at EPS. Analysts anticipate that Arcosa will post 3.23 earnings per share for the current fiscal year.

Insider Transactions at Arcosa

In other Arcosa news, insider Bryan Stevenson sold 4,000 shares of the business's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $99.02, for a total value of $396,080.00. Following the transaction, the insider directly owned 38,089 shares in the company, valued at $3,771,572.78. The trade was a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kerry S. Cole sold 7,966 shares of the business's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $95.77, for a total transaction of $762,903.82. Following the completion of the transaction, the insider owned 19,769 shares in the company, valued at approximately $1,893,277.13. This trade represents a 28.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Arcosa

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ACA. Banque Cantonale Vaudoise acquired a new position in Arcosa in the first quarter valued at about $28,000. Trust Co. of Toledo NA OH acquired a new stake in shares of Arcosa in the second quarter valued at approximately $40,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Arcosa in the 2nd quarter worth approximately $51,000. EverSource Wealth Advisors LLC lifted its holdings in Arcosa by 77.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 739 shares of the company's stock worth $64,000 after buying an additional 322 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in Arcosa by 18.0% during the 2nd quarter. Blue Trust Inc. now owns 939 shares of the company's stock worth $81,000 after buying an additional 143 shares in the last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.

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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