Arcosa, Inc. $ACA Shares Acquired by The Manufacturers Life Insurance Company

Key Points

• The Manufacturers Life Insurance Company increased its stake in Arcosa, Inc. by 7.4%, acquiring an additional 42,177 shares, bringing its total holdings to approximately $46.99 million.
• Arcosa recently reported $1.27 EPS for the quarter, exceeding analyst expectations, with a year-over-year revenue increase of 10.9%.
• DA Davidson has raised its target price for Arcosa shares from $110.00 to $120.00, maintaining a "buy" rating amid three other analysts also rating it as a Buy.

The Manufacturers Life Insurance Company boosted its stake in Arcosa, Inc. (NYSE:ACA - Free Report) by 7.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 609,385 shares of the company's stock after acquiring an additional 42,177 shares during the period. The Manufacturers Life Insurance Company owned about 1.25% of Arcosa worth $46,996,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Xponance Inc. raised its holdings in shares of Arcosa by 4.3% in the first quarter. Xponance Inc. now owns 3,654 shares of the company's stock valued at $282,000 after buying an additional 149 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Arcosa by 2.7% during the first quarter. PNC Financial Services Group Inc. now owns 7,257 shares of the company's stock worth $560,000 after purchasing an additional 189 shares during the last quarter. Captrust Financial Advisors raised its stake in shares of Arcosa by 4.5% during the fourth quarter. Captrust Financial Advisors now owns 5,027 shares of the company's stock worth $486,000 after purchasing an additional 218 shares during the last quarter. Atlantic Union Bankshares Corp raised its stake in shares of Arcosa by 3.1% during the first quarter. Atlantic Union Bankshares Corp now owns 9,156 shares of the company's stock worth $706,000 after purchasing an additional 277 shares during the last quarter. Finally, QRG Capital Management Inc. raised its stake in shares of Arcosa by 12.7% during the first quarter. QRG Capital Management Inc. now owns 3,178 shares of the company's stock worth $245,000 after purchasing an additional 357 shares during the last quarter. 90.66% of the stock is owned by hedge funds and other institutional investors.

Arcosa Price Performance

ACA traded down $0.66 on Friday, hitting $97.59. 183,893 shares of the company were exchanged, compared to its average volume of 288,381. 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 business's fifty day moving average is $92.06 and its 200 day moving average is $86.52. Arcosa, Inc. has a fifty-two week low of $68.11 and a fifty-two week high of $113.43. The firm has a market capitalization of $4.79 billion, a P/E ratio of 51.91 and a beta of 1.00.

Arcosa (NYSE:ACA - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $1.27 earnings per share 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 company 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 earnings per share. The firm'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. As a group, sell-side analysts anticipate that Arcosa, Inc. will post 3.23 EPS for the current year.

Analysts Set New Price Targets

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

Insider Buying and Selling at Arcosa

In other Arcosa news, insider Bryan Stevenson sold 4,000 shares of the company's stock in a transaction 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. This represents a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kerry S. Cole sold 7,966 shares of the company's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $95.77, for a total value of $762,903.82. Following the completion of the sale, the insider directly owned 19,769 shares in the company, valued at $1,893,277.13. This trade represents 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. Insiders own 2.00% of the company's stock.

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.