Insider Selling: Arcosa, Inc. (NYSE:ACA) Insider Sells 7,966 Shares of Stock

Key Points

• Kerry S. Cole, an insider at Arcosa, Inc., sold 7,966 shares of stock for approximately $762,903.82, reducing their ownership by 28.72%.
• Arcosa reported a quarterly EPS of $1.27, exceeding estimates, with revenues of $736.90 million, a 10.9% increase year-over-year.
• DA Davidson raised its price target for Arcosa shares from $110.00 to $120.00, maintaining a "buy" rating.

Arcosa, Inc. (NYSE:ACA - Get Free Report) insider Kerry S. Cole sold 7,966 shares of the firm's stock in a transaction 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 transaction, the insider directly 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Arcosa Trading Down 1.4%

NYSE ACA traded down $1.39 during mid-day trading on Friday, reaching $95.73. 70,933 shares of the stock were exchanged, compared to its average volume of 293,268. Arcosa, Inc. has a one year low of $68.11 and a one year high of $113.43. The stock has a 50 day simple moving average of $88.99 and a 200-day simple moving average of $86.87. The stock has a market cap of $4.69 billion, a P/E ratio of 50.95 and a beta of 1.01. 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 (NYSE:ACA - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.05 by $0.22. Arcosa had a return on equity of 6.25% and a net margin of 3.45%. The company had revenue of $736.90 million during the quarter, compared to the consensus estimate of $754.20 million. During the same period last year, the business posted $0.91 EPS. The firm's revenue for the quarter was up 10.9% compared to the same quarter last year. On average, analysts anticipate that Arcosa, Inc. will post 3.23 EPS for the current year.

Wall Street Analyst Weigh In

Separately, DA Davidson raised their price target on shares of Arcosa from $110.00 to $120.00 and gave the company a "buy" rating in a research note on Monday.

Hedge Funds Weigh In On Arcosa

A number of institutional investors have recently modified their holdings of ACA. Banque Cantonale Vaudoise bought a new stake in Arcosa during the 1st quarter valued at $28,000. Trust Co. of Toledo NA OH acquired a new position in shares of Arcosa during the second quarter valued at about $40,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Arcosa during the second quarter valued at about $51,000. Versant Capital Management Inc grew its holdings in shares of Arcosa by 81.5% during the first quarter. Versant Capital Management Inc now owns 804 shares of the company's stock valued at $62,000 after buying an additional 361 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Arcosa by 77.2% during the second quarter. EverSource Wealth Advisors LLC now owns 739 shares of the company's stock valued at $64,000 after buying an additional 322 shares during the last quarter. 90.66% of the stock is owned by institutional investors and hedge funds.

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.