Orchard Capital Management LLC Takes $3.96 Million Position in Arcosa, Inc. $ACA

Key Points

• Orchard Capital Management acquired 27,260 Arcosa shares worth approximately $3.96 million, making ACA its sixth-largest portfolio holding; institutional investors collectively own 90.66% of the company.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and a $141.25 price target, despite some firms recently upgrading the stock.
• Arcosa’s latest quarter fell short of expectations: EPS was $1.13 versus $1.18 expected, revenue declined 10.6% year over year to $658.7 million, and analysts forecast $4.16 in full-year EPS.

Orchard Capital Management LLC acquired a new position in Arcosa, Inc. (NYSE:ACA - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 27,260 shares of the company's stock, valued at approximately $3,961,000. Arcosa accounts for approximately 3.9% of Orchard Capital Management LLC's portfolio, making the stock its 6th largest holding. Orchard Capital Management LLC owned 0.06% of Arcosa at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ACA. BlackRock Inc. bought a new position in Arcosa in the 2nd quarter worth approximately $1,222,486,000. Dimensional Fund Advisors LP lifted its holdings in shares of Arcosa by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,322,901 shares of the company's stock worth $246,976,000 after buying an additional 13,059 shares in the last quarter. Capital International Investors boosted its position in shares of Arcosa by 0.7% during the fourth quarter. Capital International Investors now owns 2,244,231 shares of the company's stock worth $238,607,000 after acquiring an additional 15,956 shares during the last quarter. State Street Corp grew its stake in Arcosa by 1.9% during the fourth quarter. State Street Corp now owns 1,948,344 shares of the company's stock valued at $207,148,000 after acquiring an additional 36,852 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its holdings in Arcosa by 25.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,707,884 shares of the company's stock valued at $181,583,000 after acquiring an additional 342,242 shares during the last quarter. Institutional investors own 90.66% of the company's stock.

Wall Street Analysts Forecast Growth

ACA has been the subject of several research reports. Citigroup downgraded shares of Arcosa to a "hold" rating in a report on Tuesday, June 23rd. Wall Street Zen upgraded Arcosa from a "sell" rating to a "hold" rating in a report on Saturday, May 30th. Zacks Research raised Arcosa from a "strong sell" rating to a "hold" rating in a report on Monday, June 22nd. Weiss Ratings raised shares of Arcosa from a "hold (c+)" rating to a "buy (b)" rating in a report on Friday. Finally, Oppenheimer cut shares of Arcosa from an "outperform" rating to a "market perform" rating in a research report on Friday, June 26th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $141.25.

Arcosa Trading Down 0.1%

ACA opened at $145.23 on Friday. The firm has a market cap of $7.13 billion, a P/E ratio of 14.55, a P/E/G ratio of 2.18 and a beta of 1.05. Arcosa, Inc. has a 12 month low of $89.03 and a 12 month high of $146.92. The company has a current ratio of 3.12, a quick ratio of 2.31 and a debt-to-equity ratio of 0.48. The stock has a 50-day moving average of $143.86 and a 200 day moving average of $126.90.

Arcosa (NYSE:ACA - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by ($0.05). The company had revenue of $658.70 million during the quarter, compared to the consensus estimate of $687.50 million. Arcosa had a net margin of 17.90% and a return on equity of 7.90%. Arcosa's revenue for the quarter was down 10.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.27 earnings per share. As a group, research analysts forecast that Arcosa, Inc. will post 4.16 EPS for the current year.

About Arcosa

Arcosa, Inc NYSE: ACA is a Dallas‐based industrial company that was formed through the spin‐off of Trinity Industries' construction products business in 2018. Since its inception, Arcosa has focused on the manufacture and sale of critical infrastructure components, serving a diverse set of end markets including transportation, construction and energy.

The company's Construction Products segment produces a broad range of highway safety products, such as guardrail systems, sign supports and crash cushions, as well as aggregates and ready‐mix concrete.

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