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

Key Points

• Weiss Ratings has reissued a "hold (C)" rating for Arcosa (NYSE:ACA) while other analysts also adjusted their ratings, with Zacks Research downgrading to a "hold" and DA Davidson increasing the price target to $120 with a "buy" rating.
• Arcosa's stock is currently trading at $94.02, reflecting a 1.0% increase, and has an average analyst rating of "Moderate Buy" with a price target of $112.00.
• Recent insider activities include Kerry S. Cole selling nearly 8,000 shares and Bryan Stevenson selling 4,000 shares, both of whom have decreased their ownership in the company significantly.

Arcosa (NYSE:ACA - Get Free Report)'s stock had its "hold (c)" rating reissued by research analysts at Weiss Ratings in a report released on Friday,Weiss Ratings reports.

Other analysts also recently issued reports about the company. Zacks Research downgraded Arcosa from a "strong-buy" rating to a "hold" rating in a report on Friday, October 10th. DA Davidson increased their price target on Arcosa from $110.00 to $120.00 and gave the company a "buy" rating in a report on Monday, August 11th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $112.00.

Arcosa Trading Up 1.0%

Shares of ACA stock traded up $0.96 on Friday, reaching $94.02. 47,315 shares of the stock were exchanged, compared to its average volume of 274,257. The stock has a market cap of $4.61 billion, a P/E ratio of 50.02 and a beta of 0.98. 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 firm has a 50 day moving average of $94.88 and a two-hundred day moving average of $89.05. Arcosa has a 1-year low of $68.11 and a 1-year high of $113.43.

Arcosa (NYSE:ACA - Get Free Report) last released its quarterly earnings data on Wednesday, August 17th. The company reported $0.60 EPS for the quarter. The business had revenue of $515.10 million during the quarter. Arcosa had a return on equity of 6.25% and a net margin of 3.45%. On average, research analysts anticipate that Arcosa will post 3.23 EPS for the current year.

Insider Activity

In other news, insider Kerry S. Cole sold 7,966 shares of the 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 transaction, the insider owned 19,769 shares of the company's stock, valued at approximately $1,893,277.13. This trade represents a 28.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Bryan Stevenson sold 4,000 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $99.02, for a total transaction 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 position. The disclosure for this sale can be found here. Company insiders own 2.00% of the company's stock.

Hedge Funds Weigh In On Arcosa

Several large investors have recently modified their holdings of the stock. HighTower Advisors LLC lifted its holdings in Arcosa by 10.9% in the first quarter. HighTower Advisors LLC now owns 80,844 shares of the company's stock worth $6,235,000 after acquiring an additional 7,928 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Arcosa by 223.0% in the first quarter. GAMMA Investing LLC now owns 1,069 shares of the company's stock worth $82,000 after acquiring an additional 738 shares during the last quarter. Teacher Retirement System of Texas bought a new position in Arcosa in the first quarter worth about $550,000. Hsbc Holdings PLC lifted its holdings in Arcosa by 107.6% in the first quarter. Hsbc Holdings PLC now owns 14,535 shares of the company's stock worth $1,116,000 after acquiring an additional 7,532 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in Arcosa by 7.4% in the first quarter. The Manufacturers Life Insurance Company now owns 609,385 shares of the company's stock worth $46,996,000 after acquiring an additional 42,177 shares during the last quarter. 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.

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