HighTower Advisors LLC Boosts Position in Arcosa, Inc. $ACA

Key Points

• HighTower Advisors LLC increased its stake in Arcosa, Inc. by 10.9% during the first quarter, now holding a total of 80,844 shares valued at approximately $6.23 million.
• Arcosa reported a net margin of 3.45% for the recent quarter, with $1.27 EPS, surpassing the estimated $1.05 by $0.22.
• DA Davidson raised its price target for Arcosa shares from $110.00 to $120.00, maintaining a "buy" rating with an average target price of $112.00 among analysts.

HighTower Advisors LLC increased its stake in shares of Arcosa, Inc. (NYSE:ACA - Free Report) by 10.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 80,844 shares of the company's stock after acquiring an additional 7,928 shares during the period. HighTower Advisors LLC owned about 0.17% of Arcosa worth $6,235,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. Banque Cantonale Vaudoise purchased a new position in Arcosa in the first quarter valued at $28,000. Versant Capital Management Inc grew its position in shares of Arcosa by 81.5% during the 1st quarter. Versant Capital Management Inc now owns 804 shares of the company's stock valued at $62,000 after acquiring an additional 361 shares during the period. GAMMA Investing LLC increased its stake in shares of Arcosa by 223.0% in the 1st quarter. GAMMA Investing LLC now owns 1,069 shares of the company's stock valued at $82,000 after purchasing an additional 738 shares in the last quarter. SouthState Corp purchased a new position in shares of Arcosa in the 1st quarter valued at about $163,000. Finally, Dark Forest Capital Management LP acquired a new position in Arcosa in the 4th quarter worth about $221,000. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Arcosa Price Performance

NYSE:ACA traded up $3.9270 during trading hours on Friday, hitting $99.0670. 310,017 shares of the stock were exchanged, compared to its average volume of 323,994. Arcosa, Inc. has a 52-week low of $68.11 and a 52-week high of $113.43. The firm's fifty day moving average price is $89.97 and its 200 day moving average price is $86.72. The company has a current ratio of 2.12, a quick ratio of 1.35 and a debt-to-equity ratio of 0.67. The company has a market cap of $4.86 billion, a P/E ratio of 52.70 and a beta of 1.01.

Arcosa (NYSE:ACA - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $1.27 earnings per share for the quarter, beating 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 business had revenue of $736.90 million for the quarter, compared to the consensus estimate of $754.20 million. During the same quarter last year, the business posted $0.91 earnings per share. The business's quarterly revenue was up 10.9% compared to the same quarter last year. 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.

Wall Street Analyst Weigh In

Separately, DA Davidson raised their price objective 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, Arcosa currently has an average rating of "Buy" and an average target price of $112.00.

Insiders Place Their Bets

In related news, 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 completion of the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bryan Stevenson sold 4,000 shares of the 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 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 20,582 shares of company stock valued at $1,903,406 in the last 90 days. 2.00% of the stock is owned by insiders.

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.