Nuveen LLC Invests $33.98 Million in Arcosa, Inc. $ACA

Key Points

• Nuveen LLC acquired a new stake in Arcosa, Inc., purchasing 440,644 shares valued at approximately $33.98 million, representing about 0.90% of the company.
• Insider trading activity included Bryan Stevenson selling 4,000 shares for $396,080, lowering his ownership by 9.50%, and Jesse E. Jr. Collins selling 8,616 shares for approximately $744,422, reducing his stake by 40.70%.
• DA Davidson upgraded Arcosa's price objective from $110.00 to $120.00 and assigned the stock a "buy" rating in August.

Nuveen LLC bought a new stake in Arcosa, Inc. (NYSE:ACA - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 440,644 shares of the company's stock, valued at approximately $33,982,000. Nuveen LLC owned approximately 0.90% of Arcosa as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Banque Cantonale Vaudoise bought a new position in shares of Arcosa in the first quarter valued at about $28,000. Versant Capital Management Inc raised its holdings in shares of Arcosa by 81.5% in the first quarter. Versant Capital Management Inc now owns 804 shares of the company's stock valued at $62,000 after buying an additional 361 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of 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. Dark Forest Capital Management LP bought a new position in shares of Arcosa in the fourth quarter valued at about $221,000. Finally, QRG Capital Management Inc. raised its holdings in shares of Arcosa by 12.7% in the first quarter. QRG Capital Management Inc. now owns 3,178 shares of the company's stock valued at $245,000 after buying an additional 357 shares during the last quarter. 90.66% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, DA Davidson lifted 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. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $112.00.

Insiders Place Their Bets

In other Arcosa news, insider Bryan Stevenson sold 4,000 shares of the business's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $99.02, for a total transaction of $396,080.00. Following the completion of the sale, the insider directly 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Kerry S. Cole sold 7,966 shares of the business's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $95.77, for a total value 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 represents a 28.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 20,582 shares of company stock valued at $1,903,406. 2.00% of the stock is currently owned by insiders.

Arcosa Trading Down 0.4%

NYSE:ACA traded down $0.35 on Thursday, hitting $95.16. 238,951 shares of the stock were exchanged, compared to its average volume of 322,151. The stock has a market capitalization of $4.67 billion, a price-to-earnings ratio of 50.62 and a beta of 1.01. Arcosa, Inc. has a 52 week low of $68.11 and a 52 week 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. The company's 50-day moving average price is $89.70 and its 200 day moving average price is $86.74.

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, topping the consensus estimate of $1.05 by $0.22. The firm had revenue of $736.90 million during the quarter, compared to analysts' expectations of $754.20 million. Arcosa had a return on equity of 6.25% and a net margin of 3.45%.The company's quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.91 EPS. Arcosa has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Arcosa, Inc. will post 3.23 earnings per share for the current year.

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.