Aptus Capital Advisors LLC Purchases 11,799 Shares of Arcosa, Inc. $ACA

Key Points

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

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Corient IA LLC acquired a new position in Arcosa during the 1st quarter valued at about $285,000. Raymond James Financial Inc. boosted its stake in shares of Arcosa by 1.5% in 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 boosted its stake in shares of Arcosa by 68.5% in 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 boosted its stake in shares of Arcosa by 3.5% in 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 boosted its stake in shares of Arcosa by 10.9% in 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 Performance

Arcosa stock traded up $3.9270 during trading on Friday, hitting $99.0670. The stock had a trading volume of 310,017 shares, compared to its average volume of 323,994. Arcosa, Inc. has a 1 year low of $68.11 and a 1 year high of $113.43. The company has a quick ratio of 1.35, a current ratio of 2.12 and a debt-to-equity ratio of 0.67. The stock's 50 day moving average is $89.97 and its two-hundred day moving average is $86.72. The stock has a market cap of $4.86 billion, a price-to-earnings ratio of 52.70 and a beta of 1.01.

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

Insider Buying and Selling at Arcosa

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 sale, 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jesse E. Jr. Collins sold 8,616 shares of the business's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $86.40, for a total transaction of $744,422.40. Following the sale, the insider directly owned 12,551 shares in the company, valued at $1,084,406.40. The trade was a 40.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,582 shares of company stock valued at $1,903,406 in the last 90 days. 2.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

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.