Free Trial

Neuberger Berman Group LLC Purchases 105,473 Shares of Arcosa, Inc. (NYSE:ACA)

Arcosa logo with Construction background

Key Points

  • Neuberger Berman Group LLC increased its stake in Arcosa, Inc. by 3.5%, holding over 3 million shares valued at approximately $240 million.
  • Wall Street analysts have raised Arcosa's price target from $110 to $120, affirming a "buy" rating.
  • Insider trading activity included sales of shares by executives, with one insider reducing ownership by 40.7%, indicating possible confidence concerns.
  • Want stock alerts on Arcosa? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Neuberger Berman Group LLC increased its stake in Arcosa, Inc. (NYSE:ACA - Free Report) by 3.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,122,070 shares of the company's stock after purchasing an additional 105,473 shares during the quarter. Neuberger Berman Group LLC owned 6.40% of Arcosa worth $240,884,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pacific Capital Partners Ltd purchased a new stake in Arcosa in the first quarter worth approximately $6,748,000. SG Americas Securities LLC boosted its stake in shares of Arcosa by 267.7% during the 1st quarter. SG Americas Securities LLC now owns 10,950 shares of the company's stock worth $844,000 after acquiring an additional 7,972 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Arcosa by 223.0% during the 1st quarter. GAMMA Investing LLC now owns 1,069 shares of the company's stock worth $82,000 after acquiring an additional 738 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of Arcosa by 8.1% during the 1st quarter. Harbor Capital Advisors Inc. now owns 212,734 shares of the company's stock worth $16,406,000 after acquiring an additional 15,968 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Arcosa by 16.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 128,521 shares of the company's stock worth $12,433,000 after acquiring an additional 17,958 shares during the last quarter. Hedge funds and other institutional investors own 90.66% of the company's stock.

Insider Activity at Arcosa

In other Arcosa news, insider Jesse E. Jr. Collins sold 8,616 shares of Arcosa stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $86.40, for a total value of $744,422.40. Following the sale, the insider directly owned 12,551 shares in the company, valued at approximately $1,084,406.40. The trade was a 40.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Kerry S. Cole sold 7,966 shares of Arcosa 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 owned 19,769 shares in the company, valued at approximately $1,893,277.13. This represents a 28.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,582 shares of company stock worth $1,903,406. 2.00% of the stock is owned by corporate insiders.

Arcosa Stock Performance

Shares of Arcosa stock traded down $0.45 on Friday, hitting $96.67. 284,938 shares of the company's stock were exchanged, compared to its average volume of 344,152. The company has a 50-day simple moving average of $89.13 and a 200-day simple moving average of $86.86. The stock has a market capitalization of $4.74 billion, a PE ratio of 51.42 and a beta of 1.01. Arcosa, Inc. has a 1 year low of $68.11 and a 1 year high of $113.43. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.35 and a current ratio of 2.12.

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 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 company had revenue of $736.90 million for the quarter, compared to analysts' expectations of $754.20 million. During the same quarter in the previous year, the company earned $0.91 EPS. Arcosa's revenue for the quarter was up 10.9% on a year-over-year basis. As a group, equities analysts anticipate that Arcosa, Inc. will post 3.23 EPS for the current year.

Analysts Set New Price Targets

Separately, DA Davidson lifted their price target on shares of Arcosa from $110.00 to $120.00 and gave the stock a "buy" rating in a research note on Monday.

Get Our Latest Report on ACA

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.

Featured Articles

Institutional Ownership by Quarter for Arcosa (NYSE:ACA)

Should You Invest $1,000 in Arcosa Right Now?

Before you consider Arcosa, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Arcosa wasn't on the list.

While Arcosa currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

(Almost)  Everything You Need To Know About The EV Market Cover

Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Stocks With Explosive Upside
September Slowdown: 3 Stocks to Buy When the Pullback Comes
3 Overlooked Stocks Riding the AI Data Center Boom

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines