14,090 Shares in Arcosa, Inc. $ACA Acquired by Castleark Management LLC

Key Points

• Castleark Management acquired 14,090 Arcosa shares in the second quarter, valued at approximately $2.05 million. Institutional investors and hedge funds collectively own 90.66% of the company.
• Analyst sentiment is mixed, with three Buy ratings and four Hold ratings; Arcosa has a consensus rating of Hold and an average price target of $141.25.
• Arcosa missed quarterly expectations, reporting $1.13 in EPS versus $1.18 expected and revenue of $658.7 million versus $687.5 million forecast. Revenue declined 10.6% year over year.

Castleark Management LLC purchased a new stake in shares of Arcosa, Inc. (NYSE:ACA - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 14,090 shares of the company's stock, valued at approximately $2,047,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. State of Wyoming acquired a new position in shares of Arcosa during the first quarter worth approximately $30,000. GHP Investment Advisors Inc. acquired a new stake in shares of Arcosa in the first quarter valued at approximately $32,000. Farther Finance Advisors LLC increased its holdings in shares of Arcosa by 73.4% in the fourth quarter. Farther Finance Advisors LLC now owns 307 shares of the company's stock valued at $33,000 after purchasing an additional 130 shares in the last quarter. Quarry LP raised its position in Arcosa by 160.0% in the 3rd quarter. Quarry LP now owns 403 shares of the company's stock worth $38,000 after purchasing an additional 248 shares during the last quarter. Finally, Allworth Financial LP raised its position in Arcosa by 392.5% in the 4th quarter. Allworth Financial LP now owns 394 shares of the company's stock worth $42,000 after purchasing an additional 314 shares during the last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ACA has been the topic of a number of recent research reports. Texas Capital lowered Arcosa from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 23rd. Barclays boosted their target price on Arcosa from $115.00 to $140.00 and gave the stock an "overweight" rating in a research report on Monday, May 4th. Zacks Research raised Arcosa from a "strong sell" rating to a "hold" rating in a research note on Monday, June 22nd. Citigroup cut Arcosa to a "hold" rating in a report on Tuesday, June 23rd. Finally, Oppenheimer lowered Arcosa from an "outperform" rating to a "market perform" rating in a research report on Friday, June 26th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Arcosa has a consensus rating of "Hold" and a consensus target price of $141.25.

Arcosa Stock Performance

Shares of Arcosa stock opened at $145.45 on Thursday. The firm has a fifty day moving average of $144.68 and a two-hundred day moving average of $127.53. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.31 and a current ratio of 3.12. The stock has a market capitalization of $7.14 billion, a price-to-earnings ratio of 14.57, a PEG ratio of 2.18 and a beta of 1.05. Arcosa, Inc. has a 52 week low of $89.03 and a 52 week high of $146.92.

Arcosa (NYSE:ACA - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $1.13 earnings per share for the quarter, missing the consensus estimate of $1.18 by ($0.05). The firm had revenue of $658.70 million for the quarter, compared to the consensus estimate of $687.50 million. Arcosa had a return on equity of 7.90% and a net margin of 17.90%.The firm's revenue was down 10.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.27 EPS. As a group, equities research analysts predict that Arcosa, Inc. will post 4.16 EPS for the current year.

Arcosa Company Profile

Arcosa, Inc NYSE: ACA is a Dallas‐based industrial company that was formed through the spin‐off of Trinity Industries' construction products business in 2018. Since its inception, Arcosa has focused on the manufacture and sale of critical infrastructure components, serving a diverse set of end markets including transportation, construction and energy.

The company's Construction Products segment produces a broad range of highway safety products, such as guardrail systems, sign supports and crash cushions, as well as aggregates and ready‐mix concrete.

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