HighTower Advisors LLC Has $6.24 Million Holdings 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 grew its stake in Arcosa, Inc. (NYSE:ACA - Free Report) by 10.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,844 shares of the company's stock after purchasing 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 SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of ACA. LPL Financial LLC lifted its holdings in shares of Arcosa by 13.7% during the 4th quarter. LPL Financial LLC now owns 8,797 shares of the company's stock worth $851,000 after acquiring an additional 1,057 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of Arcosa by 6.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 16,312 shares of the company's stock worth $1,578,000 after acquiring an additional 986 shares during the period. Raymond James Financial Inc. bought a new position in shares of Arcosa during the 4th quarter worth about $15,919,000. Barclays PLC lifted its holdings in shares of Arcosa by 5.1% during the 4th quarter. Barclays PLC now owns 85,929 shares of the company's stock worth $8,313,000 after acquiring an additional 4,147 shares during the period. Finally, NewEdge Advisors LLC lifted its holdings in shares of Arcosa by 6.8% during the 4th quarter. NewEdge Advisors LLC now owns 18,273 shares of the company's stock worth $1,768,000 after acquiring an additional 1,159 shares during the period. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Arcosa Price Performance

ACA stock traded down $0.9230 during trading on Monday, hitting $98.3970. 195,485 shares of the stock traded hands, compared to its average volume of 327,878. 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 $4.83 billion, a price-to-earnings ratio of 52.34 and a beta of 1.01. The company has a 50 day simple moving average of $90.23 and a 200 day simple moving average of $86.47. 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 announced 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 firm had revenue of $736.90 million during the quarter, compared to the consensus estimate of $754.20 million. During the same period last year, the firm posted $0.91 EPS. The firm's quarterly revenue was up 10.9% on a year-over-year basis. Arcosa has set its FY 2025 guidance at EPS. Equities analysts expect that Arcosa, Inc. will post 3.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, DA Davidson raised their price objective 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 equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $112.00.

Insider Activity at Arcosa

In related news, insider Bryan Stevenson sold 4,000 shares of Arcosa 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 transaction, the insider directly owned 38,089 shares of the company's stock, valued at $3,771,572.78. This trade represents a 9.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jesse E. Jr. Collins sold 8,616 shares of Arcosa 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 transaction, the insider directly owned 12,551 shares of the company's stock, valued at $1,084,406.40. This represents a 40.70% 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 in the last ninety days. Insiders own 1.20% of the company's stock.

Arcosa Profile

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.