Arcosa, Inc. $ACA Stock Position Boosted by Punch & Associates Investment Management Inc.

Key Points

• Punch & Associates Investment Management Inc. increased its holdings in Arcosa, Inc. by 2.8% during the first quarter, while several other hedge funds also adjusted their positions in the company.
• DA Davidson raised its target price for Arcosa from $110.00 to $120.00 and maintained a "buy" rating, contributing to a consensus price target of $112.00.
• Arcosa reported a 10.9% increase in quarterly revenue over the same period last year, with an EPS of $1.27 beating analysts' expectations of $1.05.

Punch & Associates Investment Management Inc. boosted its stake in shares of Arcosa, Inc. (NYSE:ACA - Free Report) by 2.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 361,582 shares of the company's stock after buying an additional 9,837 shares during the quarter. Arcosa accounts for about 1.8% of Punch & Associates Investment Management Inc.'s holdings, making the stock its 7th biggest holding. Punch & Associates Investment Management Inc. owned approximately 0.74% of Arcosa worth $27,885,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in the stock. Xponance Inc. boosted its position in shares of Arcosa by 4.3% during the 1st quarter. Xponance Inc. now owns 3,654 shares of the company's stock worth $282,000 after purchasing an additional 149 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Arcosa by 2.7% in the first quarter. PNC Financial Services Group Inc. now owns 7,257 shares of the company's stock valued at $560,000 after buying an additional 189 shares in the last quarter. Captrust Financial Advisors raised its holdings in shares of Arcosa by 4.5% in the 4th quarter. Captrust Financial Advisors now owns 5,027 shares of the company's stock valued at $486,000 after buying an additional 218 shares during the period. Atlantic Union Bankshares Corp lifted its stake in Arcosa by 3.1% during the 1st quarter. Atlantic Union Bankshares Corp now owns 9,156 shares of the company's stock worth $706,000 after acquiring an additional 277 shares in the last quarter. Finally, QRG Capital Management Inc. lifted its stake in Arcosa by 12.7% during the 1st quarter. QRG Capital Management Inc. now owns 3,178 shares of the company's stock worth $245,000 after acquiring an additional 357 shares in the last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, DA Davidson boosted their price target on shares of Arcosa from $110.00 to $120.00 and gave the stock 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, the stock has an average rating of "Buy" and a consensus price target of $112.00.

Arcosa Stock Down 1.6%

NYSE ACA traded down $1.60 during trading on Tuesday, reaching $95.42. 195,581 shares of the company's stock were exchanged, compared to its average volume of 233,305. The company has a 50 day moving average price of $92.61 and a two-hundred day moving average price of $86.44. The stock has a market cap of $4.68 billion, a P/E ratio of 50.76 and a beta of 1.00. Arcosa, Inc. has a 1 year low of $68.11 and a 1 year 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.

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

Insider Activity at Arcosa

In related news, insider Kerry S. Cole sold 7,966 shares of Arcosa 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 directly owned 19,769 shares in the company, valued at $1,893,277.13. This trade represents a 28.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bryan Stevenson sold 4,000 shares of the company's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $99.02, for a total transaction of $396,080.00. Following the completion of the transaction, the insider owned 38,089 shares of the company's stock, valued at $3,771,572.78. This represents a 9.50% 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 ninety days. Insiders own 1.20% of the company's stock.

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.