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Dimensional Fund Advisors LP Sells 144,897 Shares of Arcosa, Inc. $ACA

Arcosa logo with Construction background

Key Points

  • Dimensional Fund Advisors LP has decreased its holdings in Arcosa, Inc. by 5.3%, now owning 2,567,347 shares valued at approximately $197.99 million.
  • Several hedge funds, including LPL Financial and Wells Fargo, have increased their positions in Arcosa, highlighting growing investor interest in the stock.
  • Arcosa reported a quarterly earnings per share of $1.27, exceeding expectations, while year-over-year revenue increased by 10.9%.
  • Want stock alerts on Arcosa? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Dimensional Fund Advisors LP trimmed its position in shares of Arcosa, Inc. (NYSE:ACA - Free Report) by 5.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,567,347 shares of the company's stock after selling 144,897 shares during the period. Dimensional Fund Advisors LP owned 5.26% of Arcosa worth $197,999,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. HighTower Advisors LLC increased its holdings in Arcosa by 10.9% during the first quarter. HighTower Advisors LLC now owns 80,844 shares of the company's stock worth $6,235,000 after buying an additional 7,928 shares during the last quarter. Pacific Capital Partners Ltd acquired a new position in Arcosa during the first quarter worth $6,748,000. SG Americas Securities LLC increased its holdings in Arcosa by 267.7% during the first 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 last quarter. GAMMA Investing LLC increased its holdings in Arcosa by 223.0% during the first 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 last quarter. Finally, Harbor Capital Advisors Inc. increased its holdings in Arcosa by 8.1% during the first quarter. Harbor Capital Advisors Inc. now owns 212,734 shares of the company's stock worth $16,406,000 after buying an additional 15,968 shares during 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 target price 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 research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $112.00.

Check Out Our Latest Report on ACA

Insider Buying and Selling at Arcosa

In other 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 value of $396,080.00. Following the completion of the sale, the insider owned 38,089 shares of the company's stock, valued at approximately $3,771,572.78. The trade was a 9.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jesse E. Jr. Collins sold 8,616 shares of the business'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 of the company's stock, valued at approximately $1,084,406.40. The trade was a 40.70% decrease in their position. 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 ninety days. Insiders own 1.20% of the company's stock.

Arcosa Stock Performance

Shares of NYSE:ACA traded up $3.9270 on Friday, hitting $99.0670. The company had a trading volume of 310,017 shares, compared to its average volume of 327,878. Arcosa, Inc. has a 1-year low of $68.11 and a 1-year high of $113.43. The stock has a market cap of $4.86 billion, a price-to-earnings ratio of 52.70 and a beta of 1.01. The stock has a 50 day moving average price of $89.97 and a 200 day moving average price of $86.50. The company has a current ratio of 2.12, a quick ratio of 1.35 and a debt-to-equity ratio of 0.67.

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, 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 firm had revenue of $736.90 million for the quarter, compared to the consensus estimate of $754.20 million. During the same period in the previous year, the company earned $0.91 earnings per share. The company's quarterly revenue was up 10.9% on a year-over-year basis. Arcosa has set its FY 2025 guidance at EPS. Analysts expect that Arcosa, Inc. will post 3.23 EPS for the current year.

Arcosa Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Arcosa (NYSE:ACA)

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