Corient IA LLC Makes New Investment in Arcosa, Inc. $ACA

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 Arcosa, Inc. (NYSE:ACA - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,700 shares of the company's stock, valued at approximately $285,000.

A number of other hedge funds also recently modified their holdings of ACA. Banque Cantonale Vaudoise bought a new stake in Arcosa during the 1st quarter valued at $28,000. Versant Capital Management Inc grew its position in Arcosa by 81.5% in the first quarter. Versant Capital Management Inc now owns 804 shares of the company's stock worth $62,000 after acquiring an additional 361 shares in the last quarter. GAMMA Investing LLC grew its position in Arcosa by 223.0% in 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 in the last quarter. SouthState Corp purchased a new position in Arcosa in the first quarter worth $163,000. Finally, Dark Forest Capital Management LP purchased a new position in Arcosa in the fourth quarter worth $221,000. Institutional investors own 90.66% of the company's stock.

Insider Activity

In other news, insider Bryan Stevenson sold 4,000 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $99.02, for a total transaction of $396,080.00. Following the sale, the insider owned 38,089 shares in the company, valued at $3,771,572.78. This represents a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jesse E. Jr. Collins sold 8,616 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $86.40, for a total transaction of $744,422.40. Following the completion of the sale, the insider owned 12,551 shares in the company, valued at $1,084,406.40. This represents a 40.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,582 shares of company stock worth $1,903,406 over the last 90 days. 2.00% of the stock is currently owned by insiders.

Arcosa Trading Up 4.1%

Shares of NYSE:ACA traded up $3.9270 during midday trading on Friday, hitting $99.0670. 304,999 shares of the stock traded hands, compared to its average volume of 291,600. Arcosa, Inc. has a one year low of $68.11 and a one year high of $113.43. The stock has a market capitalization of $4.86 billion, a PE ratio of 52.70 and a beta of 1.01. The business's 50 day moving average is $89.70 and its two-hundred day moving average is $86.74. The company has a quick ratio of 1.35, a current ratio of 2.12 and a debt-to-equity ratio of 0.67.

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

Analysts Set New Price Targets

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

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.