MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Reduces Stock Position in Arcosa, Inc. $ACA

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its stake in Arcosa, Inc. by 3.0%, owning 352,379 shares valued at $27.2 million as of the latest SEC filing.
• Arcosa reported a 10.9% revenue increase year-over-year, with quarterly earnings per share of $1.27, surpassing estimates by $0.22.
• DA Davidson upgraded Arcosa's price target from $110.00 to $120.00, reflecting a positive outlook among analysts with an average price target of $112.00.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its stake in shares of Arcosa, Inc. (NYSE:ACA - Free Report) by 3.0% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 352,379 shares of the company's stock after selling 11,010 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.72% of Arcosa worth $27,176,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Xponance Inc. increased its holdings in 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 in the last quarter. PNC Financial Services Group Inc. lifted its stake in 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 purchasing an additional 189 shares during the last quarter. Captrust Financial Advisors lifted its stake in Arcosa by 4.5% in the fourth quarter. Captrust Financial Advisors now owns 5,027 shares of the company's stock valued at $486,000 after purchasing an additional 218 shares during the last quarter. Atlantic Union Bankshares Corp lifted its stake in Arcosa by 3.1% in the first 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 last quarter. Finally, QRG Capital Management Inc. raised its holdings in Arcosa by 12.7% during the 1st 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 institutional investors.

Arcosa Price Performance

ACA traded up $1.39 during trading on Thursday, reaching $97.64. The stock had a trading volume of 104,736 shares, compared to its average volume of 286,166. The business has a 50-day moving average of $92.74 and a 200-day moving average of $86.51. 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 one year low of $68.11 and a one year high of $113.43. The stock has a market cap of $4.79 billion, a PE ratio of 51.98 and a beta of 1.00.

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

Arcosa Dividend Announcement

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

Insider Buying and Selling at Arcosa

In other Arcosa news, insider Jesse E. Jr. Collins sold 8,616 shares of the company's stock in a transaction dated 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 $1,084,406.40. This represents a 40.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Kerry S. Cole sold 7,966 shares of the company's stock in a transaction dated 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 approximately $1,893,277.13. The trade was a 28.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,582 shares of company stock worth $1,903,406 over the last three months. Company insiders own 2.00% of the company's stock.

Analyst Ratings Changes

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