Aptus Capital Advisors LLC Raises Holdings in Arcosa, Inc. $ACA

Key Points

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Aptus Capital Advisors LLC lifted its stake in Arcosa, Inc. (NYSE:ACA - Free Report) by 12.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 103,321 shares of the company's stock after acquiring an additional 11,799 shares during the period. Aptus Capital Advisors LLC owned 0.21% of Arcosa worth $7,968,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Corient IA LLC bought a new position in shares of Arcosa in the 1st quarter worth $285,000. Raymond James Financial Inc. grew its stake in Arcosa by 1.5% during the 1st quarter. Raymond James Financial Inc. now owns 167,079 shares of the company's stock worth $12,885,000 after buying an additional 2,524 shares during the last quarter. Lord Abbett & CO. LLC grew its stake in Arcosa by 68.5% during the 1st quarter. Lord Abbett & CO. LLC now owns 84,683 shares of the company's stock worth $6,531,000 after buying an additional 34,436 shares during the last quarter. Neuberger Berman Group LLC grew its stake in Arcosa by 3.5% during the 1st quarter. Neuberger Berman Group LLC now owns 3,122,070 shares of the company's stock worth $240,884,000 after buying an additional 105,473 shares during the last quarter. Finally, HighTower Advisors LLC grew 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 buying an additional 7,928 shares during the last quarter. 90.66% of the stock is owned by institutional investors.

Arcosa Stock Up 4.1%

ACA stock traded up $3.9270 on Friday, hitting $99.0670. 310,017 shares of the company's stock were exchanged, compared to its average volume of 327,878. Arcosa, Inc. has a 12-month low of $68.11 and a 12-month high of $113.43. The firm has a 50 day moving average price of $89.97 and a two-hundred day moving average price of $86.50. 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 cap of $4.86 billion, a P/E ratio of 52.70 and a beta of 1.01.

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

Analyst Ratings Changes

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

Insider Buying and Selling at Arcosa

In other Arcosa news, 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 sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kerry S. Cole sold 7,966 shares of the business's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $95.77, for a total value of $762,903.82. Following the sale, the insider owned 19,769 shares in the company, valued at approximately $1,893,277.13. The trade was a 28.72% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,582 shares of company stock worth $1,903,406. 1.20% of the stock is currently owned by insiders.

Arcosa 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.