54,045 Shares in Arcosa, Inc. $ACA Acquired by Select Equity Group L.P.

Select Equity Group L.P. bought a new position in shares of Arcosa, Inc. (NYSE:ACA - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 54,045 shares of the company's stock, valued at approximately $4,168,000. Select Equity Group L.P. owned approximately 0.11% of Arcosa as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of ACA. Neuberger Berman Group LLC boosted its position in Arcosa by 3.5% during the first quarter. Neuberger Berman Group LLC now owns 3,122,070 shares of the company's stock worth $240,884,000 after acquiring an additional 105,473 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its position in Arcosa by 17.1% during the first quarter. T. Rowe Price Investment Management Inc. now owns 1,993,241 shares of the company's stock worth $153,719,000 after acquiring an additional 290,523 shares during the last quarter. Royce & Associates LP boosted its position in Arcosa by 1.2% during the first quarter. Royce & Associates LP now owns 1,254,088 shares of the company's stock worth $96,715,000 after acquiring an additional 14,839 shares during the last quarter. Silvercrest Asset Management Group LLC boosted its position in Arcosa by 4.0% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 1,107,833 shares of the company's stock worth $107,172,000 after acquiring an additional 42,842 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in Arcosa by 7.4% during the first quarter. The Manufacturers Life Insurance Company now owns 609,385 shares of the company's stock worth $46,996,000 after acquiring an additional 42,177 shares during the last quarter. Hedge funds and other institutional investors own 90.66% of the company's stock.

Insider Transactions at Arcosa

In other news, insider Bryan Stevenson sold 4,000 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $99.02, for a total value of $396,080.00. Following the transaction, the insider directly owned 38,089 shares in the company, valued at approximately $3,771,572.78. This represents a 9.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Kerry S. Cole sold 7,966 shares of the company's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $95.77, for a total transaction of $762,903.82. Following the completion of the transaction, 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 three months, insiders have sold 20,582 shares of company stock worth $1,903,406. 2.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, DA Davidson boosted their price target on shares of Arcosa from $110.00 to $120.00 and gave the stock a "buy" rating in a research report on Monday, August 11th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Arcosa presently has an average rating of "Buy" and a consensus target price of $112.00.

Arcosa Trading Down 2.9%

NYSE:ACA traded down $2.85 on Friday, hitting $95.32. The stock had a trading volume of 164,280 shares, compared to its average volume of 212,775. 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 market cap of $4.68 billion, a price-to-earnings ratio of 50.70 and a beta of 1.00. The company has a fifty day moving average price of $93.01 and a two-hundred day moving average price of $86.52. Arcosa, Inc. has a 1-year low of $68.11 and a 1-year high of $113.43.

Arcosa (NYSE:ACA - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $1.27 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $754.20 million. During the same period in the prior year, the business posted $0.91 EPS. The business's revenue for the quarter was up 10.9% compared to the same quarter last year. Arcosa has set its FY 2025 guidance at EPS. Equities research analysts expect that Arcosa, Inc. will post 3.23 earnings per share for the current fiscal year.

Arcosa Announces Dividend

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

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.