37,487 Shares in Arcosa, Inc. $ACA Purchased by Moore Capital Management LP

Moore Capital Management LP purchased a new position in shares of Arcosa, Inc. (NYSE:ACA - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 37,487 shares of the company's stock, valued at approximately $5,446,000. Moore Capital Management LP owned about 0.08% of Arcosa as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Arcosa during the 2nd quarter worth approximately $1,222,486,000. Dimensional Fund Advisors LP lifted its holdings in Arcosa by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,322,901 shares of the company's stock valued at $246,976,000 after purchasing an additional 13,059 shares during the last quarter. Capital International Investors lifted its holdings in Arcosa by 0.7% during the 4th quarter. Capital International Investors now owns 2,244,231 shares of the company's stock valued at $238,607,000 after purchasing an additional 15,956 shares during the last quarter. State Street Corp lifted its holdings in Arcosa by 1.9% during the 4th quarter. State Street Corp now owns 1,948,344 shares of the company's stock valued at $207,148,000 after purchasing an additional 36,852 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. boosted its position in Arcosa by 25.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,707,884 shares of the company's stock worth $181,583,000 after purchasing an additional 342,242 shares during the period. 90.66% of the stock is owned by institutional investors and hedge funds.

Arcosa Stock Performance

Shares of NYSE:ACA opened at $145.36 on Tuesday. Arcosa, Inc. has a 1 year low of $89.03 and a 1 year high of $146.92. The stock has a market capitalization of $7.14 billion, a price-to-earnings ratio of 14.57, a price-to-earnings-growth ratio of 2.18 and a beta of 1.05. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.12 and a quick ratio of 2.31. The company's 50 day simple moving average is $145.08 and its 200 day simple moving average is $127.93.

Arcosa (NYSE:ACA - Get Free Report) last released its earnings results 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). Arcosa had a return on equity of 7.90% and a net margin of 17.90%.The business had revenue of $658.70 million for the quarter, compared to the consensus estimate of $687.50 million. During the same quarter in the previous year, the company earned $1.27 earnings per share. The firm's revenue for the quarter was down 10.6% on a year-over-year basis. As a group, research analysts predict that Arcosa, Inc. will post 4.16 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ACA. Texas Capital lowered shares of Arcosa from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 23rd. Oppenheimer downgraded shares of Arcosa from an "outperform" rating to a "market perform" rating in a report on Friday, June 26th. Stephens set a $150.00 price target on shares of Arcosa in a research note on Thursday, August 6th. Zacks Research raised shares of Arcosa from a "strong sell" rating to a "hold" rating in a report on Monday, June 22nd. Finally, Wall Street Zen upgraded shares of Arcosa from a "sell" rating to a "hold" rating in a research report on Saturday, May 30th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $141.25.

Arcosa 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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