Ancora Advisors LLC Has $7.84 Million Stake in Arcosa, Inc. $ACA

Key Points

• Ancora Advisors LLC reduced its holdings in Arcosa, Inc. by 13.2%, resulting in a total stock position valued at approximately $7.84 million after selling over 15,000 shares in the first quarter.
• Arcosa's shares are currently down 1.0%, with a market capitalization of $4.69 billion and a PE ratio of 50.86.
• The company's earnings results exceeded analysts' expectations, reporting $1.27 earnings per share for the quarter, while its revenue grew by 10.9% year-over-year despite falling short of estimates.

Ancora Advisors LLC trimmed its position in shares of Arcosa, Inc. (NYSE:ACA - Free Report) by 13.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 101,669 shares of the company's stock after selling 15,501 shares during the period. Ancora Advisors LLC owned approximately 0.21% of Arcosa worth $7,841,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Neuberger Berman Group LLC increased its holdings in Arcosa by 3.5% in the 1st quarter. Neuberger Berman Group LLC now owns 3,122,070 shares of the company's stock valued at $240,884,000 after purchasing an additional 105,473 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in Arcosa by 17.1% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,993,241 shares of the company's stock valued at $153,719,000 after purchasing an additional 290,523 shares in the last quarter. Royce & Associates LP increased its holdings in Arcosa by 1.2% in the 1st quarter. Royce & Associates LP now owns 1,254,088 shares of the company's stock valued at $96,715,000 after purchasing an additional 14,839 shares in the last quarter. Silvercrest Asset Management Group LLC increased its holdings in Arcosa by 4.0% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 1,107,833 shares of the company's stock valued at $107,172,000 after purchasing an additional 42,842 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Arcosa by 9.8% in the 4th quarter. Northern Trust Corp now owns 654,856 shares of the company's stock valued at $63,351,000 after purchasing an additional 58,489 shares in the last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other Arcosa news, insider Kerry S. Cole sold 7,966 shares of the business's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $95.77, for a total transaction of $762,903.82. Following the completion of the transaction, the insider owned 19,769 shares of the company's stock, valued at $1,893,277.13. The trade was a 28.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 approximately $1,084,406.40. The trade was a 40.70% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,582 shares of company stock valued at $1,903,406 in the last quarter. Insiders own 1.20% of the company's stock.

Arcosa Stock Performance

Shares of ACA traded down $0.75 during mid-day trading on Monday, reaching $96.89. 205,295 shares of the company's stock traded hands, compared to its average volume of 288,439. Arcosa, Inc. has a 12 month low of $68.11 and a 12 month high of $113.43. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.35 and a current ratio of 2.12. The stock has a market capitalization of $4.75 billion, a P/E ratio of 51.54 and a beta of 1.00. The business's 50-day moving average price is $92.26 and its 200-day moving average price is $86.35.

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

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.