Arcosa (NYSE:ACA) Upgraded to “B-” at TheStreet

TheStreet upgraded shares of Arcosa (NYSE:ACAGet Rating) from a c+ rating to a b- rating in a report published on Thursday morning, TheStreetRatingsTable reports.

Arcosa Stock Performance

Shares of Arcosa stock opened at $60.44 on Thursday. The firm has a market cap of $2.92 billion, a P/E ratio of 32.15 and a beta of 0.55. The company has a current ratio of 2.09, a quick ratio of 1.24 and a debt-to-equity ratio of 0.35. Arcosa has a 12 month low of $43.42 and a 12 month high of $60.48. The stock’s fifty day moving average price is $49.21 and its 200-day moving average price is $51.34.

Arcosa (NYSE:ACAGet Rating) last posted its earnings results on Wednesday, August 3rd. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.38. Arcosa had a return on equity of 5.53% and a net margin of 4.15%. During the same period last year, the firm earned $0.60 EPS. On average, equities research analysts expect that Arcosa will post 2250 earnings per share for the current fiscal year.

Insider Buying and Selling at Arcosa

In other Arcosa news, insider Kerry S. Cole sold 10,500 shares of the firm’s stock in a transaction dated Thursday, June 2nd. The stock was sold at an average price of $52.82, for a total value of $554,610.00. Following the completion of the sale, the insider now owns 23,475 shares of the company’s stock, valued at $1,239,949.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.76% of the stock is owned by insiders.

Institutional Investors Weigh In On Arcosa

Several institutional investors have recently added to or reduced their stakes in the business. Rice Hall James & Associates LLC lifted its holdings in shares of Arcosa by 48.2% during the fourth quarter. Rice Hall James & Associates LLC now owns 65,180 shares of the company’s stock worth $3,435,000 after purchasing an additional 21,185 shares during the period. Silvercrest Asset Management Group LLC increased its position in shares of Arcosa by 20.2% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 954,481 shares of the company’s stock valued at $49,910,000 after buying an additional 160,124 shares in the last quarter. Menard Financial Group LLC increased its position in shares of Arcosa by 10.3% in the first quarter. Menard Financial Group LLC now owns 8,972 shares of the company’s stock valued at $514,000 after buying an additional 841 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of Arcosa by 11.5% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 15,491 shares of the company’s stock valued at $806,000 after buying an additional 1,600 shares in the last quarter. Finally, AlphaCrest Capital Management LLC increased its position in shares of Arcosa by 108.6% in the fourth quarter. AlphaCrest Capital Management LLC now owns 12,100 shares of the company’s stock valued at $638,000 after buying an additional 6,300 shares in the last quarter. Institutional investors and hedge funds own 89.41% of the company’s stock.

Arcosa Company Profile

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Arcosa, Inc, together with its subsidiaries, provides infrastructure-related products and solutions for the construction, energy, and transportation markets in North America. It operates through three segments: Construction Products, Engineered Structures, and Transportation Products. The Construction Products segment offers natural and recycled aggregates; specialty materials; and trench shields and shoring products for residential and non-residential construction, agriculture, specialty building products, as well as for infrastructure related projects.

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