Petrus Trust Company LTA Invests $285,000 in Arcosa, Inc. $ACA

Key Points

• Petrus Trust Company LTA has invested approximately $285,000 in Arcosa, Inc. by acquiring 3,700 shares during the first quarter, as reported in a recent SEC filing.
• Arcosa reported a 12-month revenue increase of 10.9% and earnings per share of $1.27 for the last quarter, surpassing analysts' estimates.
• Analysts have set a new target price of $120.00 for Arcosa, maintaining a consensus "Buy" rating based on recent performance reviews.

Petrus Trust Company LTA bought a new stake in shares of Arcosa, Inc. (NYSE:ACA - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 3,700 shares of the company's stock, valued at approximately $285,000.

Other large investors have also recently bought and sold shares of the company. Banque Cantonale Vaudoise acquired a new position in Arcosa during the 1st quarter valued at $28,000. Versant Capital Management Inc raised its stake in Arcosa by 81.5% during the 1st quarter. Versant Capital Management Inc now owns 804 shares of the company's stock valued at $62,000 after purchasing an additional 361 shares during the last quarter. GAMMA Investing LLC raised its stake in Arcosa by 223.0% during the 1st quarter. GAMMA Investing LLC now owns 1,069 shares of the company's stock valued at $82,000 after purchasing an additional 738 shares during the last quarter. AlphaQuest LLC raised its stake in Arcosa by 56.7% during the 1st quarter. AlphaQuest LLC now owns 1,142 shares of the company's stock valued at $88,000 after purchasing an additional 413 shares during the last quarter. Finally, SouthState Corp acquired a new position in Arcosa during the 1st quarter valued at $163,000. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Arcosa Price Performance

NYSE:ACA traded down $2.85 on Friday, reaching $95.32. The stock had a trading volume of 164,280 shares, compared to its average volume of 206,742. The company has a market capitalization of $4.67 billion, a P/E 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. The company has a quick ratio of 1.35, a current ratio of 2.12 and a debt-to-equity ratio of 0.67. The stock has a fifty day moving average price of $93.01 and a 200-day moving average price of $86.48.

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

Arcosa Announces Dividend

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

Analyst Ratings Changes

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

Insider Activity

In other news, insider Kerry S. Cole sold 7,966 shares of the firm's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $95.77, for a total value of $762,903.82. Following the transaction, the insider owned 19,769 shares of the company's stock, valued at approximately $1,893,277.13. This trade represents a 28.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jesse E. Jr. Collins sold 8,616 shares of the firm's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $86.40, for a total transaction of $744,422.40. Following the completion of the transaction, the insider directly owned 12,551 shares in the company, valued at $1,084,406.40. This trade represents a 40.70% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,582 shares of company stock valued at $1,903,406. 1.20% of the stock is currently owned by insiders.

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.