Advisors Asset Management Inc. Grows Stock Position in Arcosa, Inc. $ACA

Key Points

• Advisors Asset Management Inc. increased its stake in Arcosa, Inc. by 7.1% in Q1, now owning 45,793 shares valued at approximately $3.53 million.
• DA Davidson raised Arcosa's price target from $110.00 to $120.00, maintaining a "buy" rating, contributing to the stock's average price target of $112.00.
• Arcosa reported Q2 earnings of $1.27 EPS, beating estimates and showing a 10.9% revenue increase compared to the previous year.

Advisors Asset Management Inc. increased its stake in Arcosa, Inc. (NYSE:ACA - Free Report) by 7.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,793 shares of the company's stock after buying an additional 3,038 shares during the period. Advisors Asset Management Inc. owned 0.09% of Arcosa worth $3,532,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of ACA. HighTower Advisors LLC lifted 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 valued at $6,235,000 after purchasing an additional 7,928 shares during the period. Pacific Capital Partners Ltd bought a new stake in shares of Arcosa during the 1st quarter valued at $6,748,000. SG Americas Securities LLC grew its position in shares of Arcosa by 267.7% in the 1st quarter. SG Americas Securities LLC now owns 10,950 shares of the company's stock worth $844,000 after buying an additional 7,972 shares during the period. GAMMA Investing LLC grew its position in shares of Arcosa by 223.0% in the 1st quarter. GAMMA Investing LLC now owns 1,069 shares of the company's stock worth $82,000 after buying an additional 738 shares during the period. Finally, Harbor Capital Advisors Inc. increased its stake in shares of Arcosa by 8.1% in the 1st quarter. Harbor Capital Advisors Inc. now owns 212,734 shares of the company's stock worth $16,406,000 after acquiring an additional 15,968 shares in the last quarter. 90.66% of the stock is owned by institutional investors.

Arcosa Stock Up 2.0%

Shares of ACA stock traded up $1.91 during mid-day trading on Thursday, hitting $98.16. The company's stock had a trading volume of 235,941 shares, compared to its average volume of 215,288. The stock has a market cap of $4.81 billion, a price-to-earnings ratio of 52.21 and a beta of 1.00. 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, Inc. has a 52-week low of $68.11 and a 52-week high of $113.43. The business has a 50-day moving average price of $92.91 and a 200 day moving average price of $86.55.

Arcosa (NYSE:ACA - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $1.27 EPS for the quarter, topping 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 company had revenue of $736.90 million during the quarter, compared to the consensus estimate of $754.20 million. During the same period last year, the company earned $0.91 EPS. 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. Research analysts predict that Arcosa, Inc. will post 3.23 EPS for the current fiscal year.

Arcosa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. Arcosa's payout ratio is 10.64%.

Insider Activity at Arcosa

In other Arcosa news, 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 completion of the sale, the insider directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bryan Stevenson sold 4,000 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $99.02, for a total value of $396,080.00. Following the transaction, the insider directly owned 38,089 shares in the company, valued at $3,771,572.78. The trade was a 9.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,582 shares of company stock worth $1,903,406 over the last quarter. Company insiders own 2.00% of the company's stock.

Wall Street Analyst Weigh In

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

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.