3,700 Shares in Arcosa, Inc. $ACA Purchased by Corient IA LLC

Key Points

• Corient IA LLC acquired 3,700 shares of Arcosa, Inc. valued at approximately $285,000 in its recent 13F filing.
• DA Davidson raised their price target for Arcosa shares from $110.00 to $120.00 and assigned a "buy" rating.
• Arcosa's latest earnings report revealed a 12-month revenue increase of 10.9%, with EPS beating estimates at $1.27 compared to a forecast of $1.05.

Corient IA LLC purchased a new position in shares of Arcosa, Inc. (NYSE:ACA - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,700 shares of the company's stock, valued at approximately $285,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. HighTower Advisors LLC increased its stake in Arcosa by 10.9% during the 1st quarter. HighTower Advisors LLC now owns 80,844 shares of the company's stock worth $6,235,000 after purchasing an additional 7,928 shares in the last quarter. Pacific Capital Partners Ltd bought a new stake in Arcosa during the 1st quarter worth approximately $6,748,000. SG Americas Securities LLC increased its stake in Arcosa by 267.7% during the 1st quarter. SG Americas Securities LLC now owns 10,950 shares of the company's stock worth $844,000 after purchasing an additional 7,972 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Arcosa by 223.0% during 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 period. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of Arcosa by 8.1% during the first quarter. Harbor Capital Advisors Inc. now owns 212,734 shares of the company's stock worth $16,406,000 after acquiring an additional 15,968 shares during the period. 90.66% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, DA Davidson raised their price objective on shares of Arcosa from $110.00 to $120.00 and gave the stock a "buy" rating in a report on Monday, August 11th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $112.00.

Arcosa Stock Up 4.1%

ACA stock traded up $3.9270 during midday trading on Friday, hitting $99.0670. The company's stock had a trading volume of 310,017 shares, compared to its average volume of 323,994. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.12 and a quick ratio of 1.35. Arcosa, Inc. has a twelve month low of $68.11 and a twelve month high of $113.43. The company's fifty day moving average price is $89.97 and its 200 day moving average price is $86.72. The stock has a market capitalization of $4.86 billion, a P/E ratio of 52.70 and a beta of 1.01.

Arcosa (NYSE:ACA - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.22. Arcosa had a net margin of 3.45% and a return on equity of 6.25%. The firm had revenue of $736.90 million for the quarter, compared to analyst estimates of $754.20 million. During the same period in the previous year, the business earned $0.91 EPS. The company's revenue was up 10.9% compared to the same quarter last year. Arcosa has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that Arcosa, Inc. will post 3.23 EPS for the current year.

Insider Transactions at Arcosa

In other news, insider Bryan Stevenson sold 4,000 shares of the business's stock in a transaction dated Tuesday, August 12th. The shares were 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jesse E. Jr. Collins sold 8,616 shares of the business's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $86.40, for a total transaction of $744,422.40. Following the transaction, the insider owned 12,551 shares in the company, valued at $1,084,406.40. This represents a 40.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,582 shares of company stock worth $1,903,406 in the last ninety days. Insiders own 2.00% of the company's stock.

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.