Arcosa, Inc. $ACA Shares Purchased by Advisors Asset Management Inc.

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. raised its holdings in Arcosa, Inc. (NYSE:ACA - Free Report) by 7.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,793 shares of the company's stock after acquiring an additional 3,038 shares during the quarter. Advisors Asset Management Inc. owned 0.09% of Arcosa worth $3,532,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of ACA. Xponance Inc. raised its position in Arcosa by 4.3% during the first quarter. Xponance Inc. now owns 3,654 shares of the company's stock valued at $282,000 after buying an additional 149 shares during the period. PNC Financial Services Group Inc. boosted its position in Arcosa by 2.7% during the first quarter. PNC Financial Services Group Inc. now owns 7,257 shares of the company's stock worth $560,000 after purchasing an additional 189 shares during the period. Captrust Financial Advisors grew its stake in 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 last quarter. Atlantic Union Bankshares Corp boosted 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 valued at $706,000 after purchasing an additional 277 shares during the period. Finally, QRG Capital Management Inc. boosted its position in shares of Arcosa by 12.7% in the first quarter. QRG Capital Management Inc. now owns 3,178 shares of the company's stock valued at $245,000 after acquiring an additional 357 shares during the period. 90.66% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Arcosa Price Performance

Shares of ACA stock opened at $97.59 on Friday. Arcosa, Inc. has a 52-week low of $68.11 and a 52-week high of $113.43. The firm's 50 day moving average price is $92.26 and its two-hundred day moving average price is $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 $4.79 billion, a PE ratio of 51.91 and a beta of 1.00.

Arcosa (NYSE:ACA - Get Free Report) last posted its 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 company had revenue of $736.90 million during 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 company's revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.91 EPS. Arcosa has set its FY 2025 guidance at EPS. As a group, analysts forecast that Arcosa, Inc. will post 3.23 EPS for the current year.

Insider Transactions at Arcosa

In other Arcosa news, insider Bryan Stevenson sold 4,000 shares of the business's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $99.02, for a total transaction of $396,080.00. Following the sale, the insider directly owned 38,089 shares of the company's stock, valued at $3,771,572.78. The trade was a 9.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Kerry S. Cole sold 7,966 shares of the firm's stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $95.77, for a total value of $762,903.82. Following the completion of the transaction, the insider owned 19,769 shares of the company's stock, valued at approximately $1,893,277.13. This represents a 28.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,582 shares of company stock valued at $1,903,406 over the last three months. Company insiders own 2.00% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.