Arcosa, Inc. $ACA Shares Purchased by Jacobs Levy Equity Management Inc.

Key Points

• Jacobs Levy Equity Management Inc. increased its stake in Arcosa, Inc. by 4.9%, acquiring an additional 2,901 shares to hold a total of 61,625 shares worth approximately $4.75 million.
• Arcosa reported a Q2 earnings per share of $1.27, which surpassed analyst estimates by $0.22, along with a 10.9% year-over-year revenue increase to $736.90 million.
• The company declared a quarterly dividend of $0.05 to be paid on October 31, indicating a modest 0.2% dividend yield and a payout ratio of 10.64%.

Jacobs Levy Equity Management Inc. increased its stake in shares of Arcosa, Inc. (NYSE:ACA - Free Report) by 4.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,625 shares of the company's stock after purchasing an additional 2,901 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.13% of Arcosa worth $4,753,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. HighTower Advisors LLC lifted its stake in shares of Arcosa by 10.9% during the 1st quarter. HighTower Advisors LLC now owns 80,844 shares of the company's stock worth $6,235,000 after purchasing an additional 7,928 shares during the last quarter. Pacific Capital Partners Ltd purchased a new stake in Arcosa in the first quarter valued at about $6,748,000. SG Americas Securities LLC raised its stake in Arcosa by 267.7% in the first quarter. SG Americas Securities LLC now owns 10,950 shares of the company's stock valued at $844,000 after buying an additional 7,972 shares during the last quarter. GAMMA Investing LLC raised its stake in Arcosa by 223.0% in the first quarter. GAMMA Investing LLC now owns 1,069 shares of the company's stock valued at $82,000 after buying an additional 738 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its stake in Arcosa by 8.1% in the first quarter. Harbor Capital Advisors Inc. now owns 212,734 shares of the company's stock valued at $16,406,000 after buying an additional 15,968 shares during the last quarter. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, DA Davidson increased their price target on Arcosa from $110.00 to $120.00 and gave the company a "buy" rating in a research note on Monday, August 11th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $112.00.

Insider Activity

In related news, insider Kerry S. Cole sold 7,966 shares of the firm's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $95.77, for a total transaction of $762,903.82. Following the sale, the insider directly owned 19,769 shares of the company's stock, valued at $1,893,277.13. This trade represents a 28.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bryan Stevenson sold 4,000 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $99.02, for a total value of $396,080.00. Following the sale, the insider directly owned 38,089 shares in the company, valued at approximately $3,771,572.78. This trade represents a 9.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,582 shares of company stock valued at $1,903,406. Company insiders own 1.20% of the company's stock.

Arcosa Stock Performance

Shares of ACA stock traded down $2.85 during mid-day trading on Friday, reaching $95.32. The stock had a trading volume of 164,280 shares, compared to its average volume of 206,742. The business's fifty day moving average is $93.01 and its 200-day moving average is $86.48. 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 firm has a market cap of $4.67 billion, a price-to-earnings ratio of 50.70 and a beta of 1.00. Arcosa, Inc. has a 1-year low of $68.11 and a 1-year high of $113.43.

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

Arcosa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. Arcosa's dividend payout ratio is currently 10.64%.

Arcosa Company 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.