McElhenny Sheffield Capital Management LLC Takes Position in Arcosa, Inc. $ACA

Key Points

• McElhenny Sheffield Capital Management LLC has acquired a new stake in Arcosa, Inc., purchasing 1,073,000 shares valued at approximately $93 million, making it the firm's 3rd largest position.
• Arcosa reported earnings per share of $1.27 for the last quarter, exceeding analysts' expectations of $1.05, with a year-over-year revenue increase of 10.9%.
• The company has declared a quarterly dividend of $0.05 per share, which will be paid on October 31, representing an annual yield of 0.2%.

McElhenny Sheffield Capital Management LLC purchased a new stake in shares of Arcosa, Inc. (NYSE:ACA - Free Report) in the second quarter, according to its most recent filing with the SEC. The firm purchased 1,073,000 shares of the company's stock, valued at approximately $93,040,000. Arcosa accounts for about 6.0% of McElhenny Sheffield Capital Management LLC's portfolio, making the stock its 3rd largest position. McElhenny Sheffield Capital Management LLC owned about 2.20% of Arcosa at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Xponance Inc. raised its position in shares of Arcosa by 4.3% during the 1st quarter. Xponance Inc. now owns 3,654 shares of the company's stock worth $282,000 after purchasing an additional 149 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Arcosa by 2.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,257 shares of the company's stock valued at $560,000 after acquiring an additional 189 shares during the last quarter. Atlantic Union Bankshares Corp raised its holdings in Arcosa by 3.1% in the 1st quarter. Atlantic Union Bankshares Corp now owns 9,156 shares of the company's stock valued at $706,000 after acquiring an additional 277 shares during the last quarter. QRG Capital Management Inc. raised its holdings in Arcosa by 12.7% in the 1st quarter. QRG Capital Management Inc. now owns 3,178 shares of the company's stock valued at $245,000 after acquiring an additional 357 shares during the last quarter. Finally, Banque Cantonale Vaudoise acquired a new position in Arcosa in the 1st quarter valued at $28,000. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Arcosa Stock Up 2.3%

Shares of NYSE ACA opened at $92.98 on Thursday. Arcosa, Inc. has a 52-week low of $68.11 and a 52-week high of $113.43. The firm has a fifty day moving average of $94.48 and a 200-day moving average of $87.99. The stock has a market capitalization of $4.56 billion, a PE ratio of 49.46 and a beta of 0.98. The company has a quick ratio of 1.35, a current ratio of 2.12 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 for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $754.20 million. During the same period in the prior year, the company earned $0.91 EPS. The firm's revenue was up 10.9% on a year-over-year basis. Arcosa has set its FY 2025 guidance at EPS. On average, analysts anticipate that Arcosa, Inc. will post 3.23 EPS for the current year.

Arcosa Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. DA Davidson boosted their price target on Arcosa from $110.00 to $120.00 and gave the company a "buy" rating in a report on Monday, August 11th. Weiss Ratings reissued a "hold (c)" rating on shares of Arcosa in a research note on Wednesday. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate 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 on 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 directly 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bryan Stevenson sold 4,000 shares of the company's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $99.02, for a total transaction of $396,080.00. Following the sale, the insider directly owned 38,089 shares of the company's stock, 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. 2.00% of the stock is currently owned by corporate 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.

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