Arcosa, Inc. (NYSE:ACA) Insider Sells $396,080.00 in Stock

Key Points

• Bryan Stevenson, an insider at Arcosa, Inc., sold 4,000 shares at an average price of $99.02, totaling $396,080, which decreased his holdings by 9.5%.
• Arcosa reported an EPS of $1.27 for the last quarter, exceeding estimates, despite revenue falling below expectations at $736.90 million.
• The company announced a quarterly dividend of $0.05, contributing to an annualized dividend of $0.20 with a yield of 0.2%.

Arcosa, Inc. (NYSE:ACA - Get Free Report) insider Bryan Stevenson sold 4,000 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $99.02, for a total value of $396,080.00. Following the completion of the transaction, the insider owned 38,089 shares of the company's stock, valued at $3,771,572.78. This trade represents a 9.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Arcosa Trading Down 0.5%

Shares of ACA stock traded down $0.45 on Friday, reaching $96.67. 284,938 shares of the stock were exchanged, compared to its average volume of 344,152. The stock has a market cap of $4.74 billion, a P/E ratio of 51.42 and a beta of 1.01. 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 $89.13 and a two-hundred day moving average of $86.78. Arcosa, Inc. 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 Thursday, August 7th. The company reported $1.27 EPS for the quarter, topping analysts' consensus estimates of $1.05 by $0.22. The business had revenue of $736.90 million during the quarter, compared to the consensus estimate of $754.20 million. Arcosa had a return on equity of 6.25% and a net margin of 3.45%. The business's revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.91 EPS. On average, research analysts anticipate that Arcosa, Inc. will post 3.23 EPS for the current year.

Institutional Trading of Arcosa

Several large investors have recently added to or reduced their stakes in the stock. Neuberger Berman Group LLC increased its holdings in Arcosa by 1.6% in the 2nd quarter. Neuberger Berman Group LLC now owns 3,172,694 shares of the company's stock valued at $275,153,000 after purchasing an additional 50,624 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in Arcosa by 17.1% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,993,241 shares of the company's stock valued at $153,719,000 after purchasing an additional 290,523 shares in the last quarter. Royce & Associates LP increased its holdings in Arcosa by 1.2% in the 1st quarter. Royce & Associates LP now owns 1,254,088 shares of the company's stock valued at $96,715,000 after purchasing an additional 14,839 shares in the last quarter. Silvercrest Asset Management Group LLC increased its holdings in Arcosa by 4.0% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 1,107,833 shares of the company's stock valued at $107,172,000 after purchasing an additional 42,842 shares in the last quarter. Finally, McElhenny Sheffield Capital Management LLC acquired a new stake in Arcosa in the 2nd quarter valued at $93,040,000. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, DA Davidson upped their price objective on Arcosa from $110.00 to $120.00 and gave the stock a "buy" rating in a report on Monday, August 11th.

About Arcosa

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.