Beacon Pointe Advisors LLC Makes New $1.71 Million Investment in Arcosa, Inc. $ACA

Key Points

• Beacon Pointe Advisors acquired 11,787 Arcosa shares worth approximately $1.71 million during the second quarter. Institutional investors and hedge funds collectively own 90.66% of the company.
• Arcosa reported quarterly EPS of $1.13, below the $1.18 consensus estimate, while revenue fell 10.6% year over year to $658.7 million, also missing expectations.
• Shares opened at $145.30, near their 52-week high of $146.92. Analysts maintain an average “Hold” rating with a consensus price target of $141.25.

Beacon Pointe Advisors LLC acquired a new stake in Arcosa, Inc. (NYSE:ACA - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 11,787 shares of the company's stock, valued at approximately $1,713,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. purchased a new position in Arcosa in the second quarter valued at approximately $1,222,486,000. Dimensional Fund Advisors LP lifted its holdings in shares of Arcosa by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,322,901 shares of the company's stock valued at $246,976,000 after purchasing an additional 13,059 shares during the last quarter. Capital International Investors boosted its position in shares of Arcosa by 0.7% in the 4th quarter. Capital International Investors now owns 2,244,231 shares of the company's stock valued at $238,607,000 after purchasing an additional 15,956 shares during the period. State Street Corp boosted its position in shares of Arcosa by 1.9% in the 4th quarter. State Street Corp now owns 1,948,344 shares of the company's stock valued at $207,148,000 after purchasing an additional 36,852 shares during the period. Finally, T. Rowe Price Investment Management Inc. grew its stake in Arcosa by 25.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,707,884 shares of the company's stock worth $181,583,000 after buying an additional 342,242 shares during the last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Arcosa Trading Up 0.0%

Shares of Arcosa stock opened at $145.30 on Monday. Arcosa, Inc. has a 52-week low of $89.03 and a 52-week high of $146.92. The company has a quick ratio of 2.31, a current ratio of 3.12 and a debt-to-equity ratio of 0.48. The company's 50-day simple moving average is $145.07 and its 200-day simple moving average is $127.81. The firm has a market cap of $7.14 billion, a price-to-earnings ratio of 14.56, a price-to-earnings-growth ratio of 2.18 and a beta of 1.05.

Arcosa (NYSE:ACA - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.13 EPS for the quarter, missing analysts' consensus estimates of $1.18 by ($0.05). Arcosa had a net margin of 17.90% and a return on equity of 7.90%. The firm had revenue of $658.70 million during the quarter, compared to analyst estimates of $687.50 million. During the same quarter in the previous year, the business earned $1.27 EPS. Arcosa's revenue for the quarter was down 10.6% on a year-over-year basis. As a group, equities research analysts anticipate that Arcosa, Inc. will post 4.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Stephens set a $150.00 price target on Arcosa in a research report on Thursday, August 6th. Wall Street Zen raised shares of Arcosa from a "sell" rating to a "hold" rating in a report on Saturday, May 30th. Barclays upped their price target on shares of Arcosa from $115.00 to $140.00 and gave the company an "overweight" rating in a research report on Monday, May 4th. Zacks Research upgraded shares of Arcosa from a "strong sell" rating to a "hold" rating in a research note on Monday, June 22nd. Finally, Weiss Ratings raised shares of Arcosa from a "hold (c+)" rating to a "buy (b)" rating in a research report on Friday, August 21st. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Arcosa has an average rating of "Hold" and an average target price of $141.25.

Arcosa Company Profile

Arcosa, Inc NYSE: ACA is a Dallas‐based industrial company that was formed through the spin‐off of Trinity Industries' construction products business in 2018. Since its inception, Arcosa has focused on the manufacture and sale of critical infrastructure components, serving a diverse set of end markets including transportation, construction and energy.

The company's Construction Products segment produces a broad range of highway safety products, such as guardrail systems, sign supports and crash cushions, as well as aggregates and ready‐mix concrete.

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