Arcosa, Inc. $ACA Shares Purchased by T. Rowe Price Investment Management Inc.

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. increased its holdings in shares of Arcosa, Inc. (NYSE:ACA - Free Report) by 17.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,993,241 shares of the company's stock after buying an additional 290,523 shares during the quarter. T. Rowe Price Investment Management Inc. owned 4.08% of Arcosa worth $153,719,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in ACA. Envestnet Asset Management Inc. lifted its stake in shares of Arcosa by 6.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 16,312 shares of the company's stock worth $1,578,000 after buying an additional 986 shares during the period. Barclays PLC raised its holdings in Arcosa by 5.1% in the 4th quarter. Barclays PLC now owns 85,929 shares of the company's stock worth $8,313,000 after purchasing an additional 4,147 shares during the period. NewEdge Advisors LLC lifted its position in shares of Arcosa by 6.8% during the 4th quarter. NewEdge Advisors LLC now owns 18,273 shares of the company's stock valued at $1,768,000 after buying an additional 1,159 shares in the last quarter. First Trust Advisors LP lifted its holdings in Arcosa by 32.9% during the fourth quarter. First Trust Advisors LP now owns 592,394 shares of the company's stock valued at $57,308,000 after purchasing an additional 146,711 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its holdings in Arcosa by 4.6% in the 4th quarter. MetLife Investment Management LLC now owns 29,292 shares of the company's stock worth $2,834,000 after buying an additional 1,293 shares during the last quarter. 90.66% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insider Activity

In other Arcosa news, insider Bryan Stevenson sold 4,000 shares of Arcosa stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $99.02, for a total value of $396,080.00. Following the sale, the insider 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kerry S. Cole sold 7,966 shares of the stock in a transaction on Monday, August 11th. The stock was sold at an average price of $95.77, for a total value of $762,903.82. Following the completion of the transaction, the insider owned 19,769 shares of the company's stock, valued at $1,893,277.13. The trade was a 28.72% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,582 shares of company stock valued at $1,903,406. Company insiders own 1.20% of the company's stock.

Arcosa Stock Up 0.6%

Shares of NYSE:ACA traded up $0.62 on Tuesday, hitting $99.05. 65,328 shares of the company's stock were exchanged, compared to its average volume of 290,589. The company has a market capitalization of $4.86 billion, a PE ratio of 52.64 and a beta of 1.01. 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 quick ratio of 1.35 and a current ratio of 2.12. The firm's 50-day moving average is $90.23 and its 200 day moving average is $86.47.

Arcosa (NYSE:ACA - Get Free Report) last posted its 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. 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 the consensus estimate of $754.20 million. During the same period last year, the firm posted $0.91 EPS. The company's revenue was up 10.9% on a year-over-year basis. Arcosa has set its FY 2025 guidance at EPS. Sell-side analysts predict that Arcosa, Inc. will post 3.23 EPS for the current year.

Arcosa 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.