111 Capital Acquires Shares of 3,360 Arcosa, Inc. $ACA

Key Points

• 111 Capital acquired 3,360 shares of Arcosa, Inc. in Q2, valued at approximately $291,000, as per its recent SEC filing.
• Analysts have a consensus rating of "Moderate Buy" for Arcosa, with a raised price target of $120.00 from DA Davidson.
• Arcosa announced a quarterly dividend of $0.05 per share to be paid on October 31st, representing a 0.2% dividend yield.

111 Capital acquired a new position in shares of Arcosa, Inc. (NYSE:ACA - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 3,360 shares of the company's stock, valued at approximately $291,000.

Several other institutional investors have also recently modified their holdings of the stock. Xponance Inc. raised its position in shares of Arcosa by 4.3% during the 1st quarter. Xponance Inc. now owns 3,654 shares of the company's stock worth $282,000 after purchasing an additional 149 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Arcosa by 2.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,257 shares of the company's stock worth $560,000 after purchasing an additional 189 shares during the last quarter. Atlantic Union Bankshares Corp raised its position in shares of Arcosa by 3.1% during the 1st quarter. Atlantic Union Bankshares Corp now owns 9,156 shares of the company's stock worth $706,000 after purchasing an additional 277 shares during the last quarter. QRG Capital Management Inc. raised its position in shares of Arcosa by 12.7% during the 1st quarter. QRG Capital Management Inc. now owns 3,178 shares of the company's stock worth $245,000 after purchasing an additional 357 shares during the last quarter. Finally, Banque Cantonale Vaudoise acquired a new position in shares of Arcosa during the 1st quarter worth approximately $28,000. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. DA Davidson lifted their price objective on Arcosa from $110.00 to $120.00 and gave the stock a "buy" rating in a research report on Monday, August 11th. Weiss Ratings reiterated a "hold (c)" rating on shares of Arcosa in a report on Saturday, September 27th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $112.00.

Arcosa Trading Down 1.1%

Shares of ACA opened at $91.34 on Tuesday. The stock has a fifty day moving average of $94.30 and a two-hundred day moving average of $87.94. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.35 and a current ratio of 2.12. The company has a market capitalization of $4.48 billion, a PE ratio of 48.59 and a beta of 0.98. Arcosa, Inc. has a fifty-two week low of $68.11 and a fifty-two week high of $113.43.

Arcosa (NYSE:ACA - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.22. The company 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%.Arcosa's revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.91 EPS. Arcosa has set its FY 2025 guidance at EPS. As a group, analysts forecast that Arcosa, Inc. will post 3.23 EPS for the current year.

Arcosa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Wednesday, October 15th. Arcosa's dividend payout ratio is presently 10.64%.

Insiders Place Their Bets

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