Vanguard Group Inc. Reduces Stock Holdings in Arcosa, Inc. $ACA

Key Points

• Vanguard Group Inc. reduced its stake in Arcosa, Inc. by 1.8% in Q1, holding approximately 11.41% of the company, valued at $429.27 million after selling 99,879 shares.
• Arcosa reported earnings of $1.27 EPS for the quarter, exceeding analysts' estimates, with a year-over-year revenue growth of 10.9%.
• Institutions own approximately 90.66% of Arcosa's shares, indicating significant institutional interest in the company.

Vanguard Group Inc. lowered its stake in Arcosa, Inc. (NYSE:ACA - Free Report) by 1.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,566,265 shares of the company's stock after selling 99,879 shares during the quarter. Vanguard Group Inc. owned about 11.41% of Arcosa worth $429,270,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of ACA. Capital International Investors increased its stake in Arcosa by 42.5% during the fourth quarter. Capital International Investors now owns 888,559 shares of the company's stock worth $85,959,000 after purchasing an additional 265,056 shares during the period. Oberweis Asset Management Inc. purchased a new stake in Arcosa during the fourth quarter worth about $19,638,000. Bank of America Corp DE increased its stake in Arcosa by 197.7% during the fourth quarter. Bank of America Corp DE now owns 282,061 shares of the company's stock worth $27,287,000 after purchasing an additional 187,306 shares during the period. Raymond James Financial Inc. purchased a new stake in Arcosa during the fourth quarter worth about $15,919,000. Finally, Voya Investment Management LLC increased its stake in Arcosa by 930.7% during the fourth quarter. Voya Investment Management LLC now owns 177,993 shares of the company's stock worth $17,219,000 after purchasing an additional 160,724 shares during the period. Institutional investors and hedge funds own 90.66% of the company's stock.

Arcosa Stock Down 1.7%

Shares of ACA stock traded down $1.6290 during trading hours on Wednesday, reaching $95.3910. 262,020 shares of the stock were exchanged, compared to its average volume of 319,994. The business's fifty day moving average is $89.54 and its two-hundred day moving average is $86.77. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.12 and a quick ratio of 1.35. Arcosa, Inc. has a 12-month low of $68.11 and a 12-month high of $113.43. The firm has a market capitalization of $4.68 billion, a P/E ratio of 50.74 and a beta of 1.01.

Arcosa (NYSE:ACA - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $1.27 earnings per share 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 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 firm earned $0.91 earnings per share. The business's quarterly revenue was up 10.9% compared to the same quarter last year. Arcosa has set its FY 2025 guidance at EPS. As a group, research analysts expect that Arcosa, Inc. will post 3.23 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Kerry S. Cole sold 7,966 shares of the company's stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $95.77, for a total transaction of $762,903.82. Following the sale, the insider directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jesse E. Jr. Collins sold 8,616 shares of the company's stock in a transaction that occurred 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 sale, the insider owned 12,551 shares in the company, valued at $1,084,406.40. The trade was a 40.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,582 shares of company stock worth $1,903,406. Company insiders own 2.00% of the company's stock.

Wall Street Analyst Weigh In

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 note on Monday, August 11th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $112.00.

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.