T. Rowe Price Investment Management Inc. Raises Stock Position in Arcosa, Inc. $ACA

Key Points

• T. Rowe Price Investment Management Inc. increased its stake in Arcosa, Inc. by 17.1% during the first quarter, acquiring a total of 1,993,241 shares valued at approximately $153.7 million.
• Insider transactions revealed notable stock sales, with Bryan Stevenson selling 4,000 shares and Jesse E. Jr. Collins selling 8,616 shares, reflecting significant ownership declines of 9.50% and 40.70% respectively.
• DA Davidson raised Arcosa's target stock price from $110.00 to $120.00 and reaffirmed a "buy" rating, contributing to a consensus price target of $112.00 among analysts.

T. Rowe Price Investment Management Inc. lifted its position in Arcosa, Inc. (NYSE:ACA - Free Report) by 17.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,993,241 shares of the company's stock after purchasing an additional 290,523 shares during the period. T. Rowe Price Investment Management Inc. owned 4.08% of Arcosa worth $153,719,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Banque Cantonale Vaudoise bought a new stake in Arcosa during the 1st quarter valued at $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 acquiring an additional 361 shares in 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 acquiring an additional 738 shares in the last quarter. SouthState Corp purchased a new stake in Arcosa in the first quarter worth about $163,000. Finally, Dark Forest Capital Management LP bought a new position in Arcosa during the 4th quarter worth about $221,000. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Arcosa

In other Arcosa news, insider Bryan Stevenson sold 4,000 shares of the firm'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 completion of the sale, the insider directly owned 38,089 shares in the company, valued at $3,771,572.78. This trade represents a 9.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jesse E. Jr. Collins sold 8,616 shares of Arcosa stock in a transaction on Tuesday, June 17th. The stock was 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 represents a 40.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,582 shares of company stock valued at $1,903,406 over the last 90 days. Insiders own 2.00% of the company's stock.

Analysts Set New Price Targets

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

Arcosa Price Performance

Shares of ACA stock opened at $95.3910 on Thursday. The stock's 50-day moving average is $89.54 and its 200 day moving average is $86.77. 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 current ratio of 2.12 and a quick ratio of 1.35. The company has a market cap of $4.68 billion, a P/E ratio of 50.74 and a beta of 1.01.

Arcosa (NYSE:ACA - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $1.27 EPS for the quarter, topping 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 business had revenue of $736.90 million during the quarter, compared to the consensus estimate of $754.20 million. During the same period in the previous year, the company posted $0.91 earnings per share. The firm's revenue was up 10.9% on a year-over-year basis. Arcosa has set its FY 2025 guidance at EPS. Research analysts predict that Arcosa, Inc. will post 3.23 earnings per share for the current fiscal 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.

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