47,690 Shares in Arcosa, Inc. $ACA Bought by Ancora Advisors LLC

Key Points

• Ancora Advisors LLC purchased 47,690 Arcosa shares worth approximately $6.9 million, while institutional investors collectively owned 90.66% of the company at the quarter’s end.
• Arcosa’s latest quarterly results fell short of expectations, with EPS of $1.13 versus $1.18 estimated and revenue of $658.7 million versus $687.5 million expected; revenue declined 10.6% year over year.
• Analyst sentiment remains mixed, with a consensus rating of Hold and a $141.25 price target, below Arcosa’s reported opening price of $145.38.

Ancora Advisors LLC bought a new stake in Arcosa, Inc. (NYSE:ACA - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 47,690 shares of the company's stock, valued at approximately $6,929,000. Ancora Advisors LLC owned 0.10% of Arcosa at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Castleark Management LLC boosted its stake in Arcosa by 53.9% in the 1st quarter. Castleark Management LLC now owns 74,650 shares of the company's stock worth $7,923,000 after purchasing an additional 26,150 shares during the period. First Nebraska Trust Co bought a new position in Arcosa during the 1st quarter worth about $746,000. Horizon Investments LLC acquired a new stake in shares of Arcosa in the 4th quarter valued at about $1,925,000. Principal Financial Group Inc. raised its stake in shares of Arcosa by 13.7% in the 1st quarter. Principal Financial Group Inc. now owns 266,113 shares of the company's stock valued at $28,245,000 after purchasing an additional 32,164 shares during the period. Finally, Deutsche Bank AG bought a new stake in shares of Arcosa in the second quarter valued at about $9,137,000. 90.66% of the stock is currently owned by institutional investors.

Arcosa Price Performance

NYSE:ACA opened at $145.38 on Wednesday. The company has a market cap of $7.14 billion, a P/E ratio of 14.57, a P/E/G ratio of 2.18 and a beta of 1.05. The firm's fifty day moving average price is $144.45 and its two-hundred day moving average price is $127.36. Arcosa, Inc. has a one year low of $89.03 and a one year high of $146.92. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.12 and a quick ratio of 2.31.

Arcosa (NYSE:ACA - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $1.13 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.05). The company 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 business's quarterly revenue was down 10.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.27 EPS. Equities analysts expect that Arcosa, Inc. will post 4.16 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Citigroup downgraded Arcosa to a "hold" rating in a research report on Tuesday, June 23rd. Oppenheimer downgraded Arcosa from an "outperform" rating to a "market perform" rating in a research note on Friday, June 26th. Zacks Research raised Arcosa from a "strong sell" rating to a "hold" rating in a research report on Monday, June 22nd. Weiss Ratings upgraded Arcosa from a "hold (c+)" rating to a "buy (b)" rating in a research note on Friday. Finally, Wall Street Zen raised Arcosa from a "sell" rating to a "hold" rating in a report on Saturday, May 30th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $141.25.

About Arcosa

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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