9,917 Shares in Arcosa, Inc. (NYSE:ACA) Bought by Choreo LLC

Choreo LLC bought a new position in shares of Arcosa, Inc. (NYSE:ACA) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 9,917 shares of the company’s stock, valued at approximately $801,000.

Other institutional investors have also recently made changes to their positions in the company. nVerses Capital LLC purchased a new stake in shares of Arcosa during the 2nd quarter worth about $25,000. ICA Group Wealth Management LLC purchased a new position in Arcosa during the fourth quarter worth approximately $33,000. Scarborough Advisors LLC purchased a new position in Arcosa during the fourth quarter worth approximately $42,000. Innealta Capital LLC acquired a new stake in Arcosa in the second quarter valued at approximately $69,000. Finally, Covestor Ltd increased its position in shares of Arcosa by 38.8% in the first quarter. Covestor Ltd now owns 888 shares of the company’s stock valued at $77,000 after buying an additional 248 shares in the last quarter. 90.66% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Steven J. Demetriou acquired 6,000 shares of the stock in a transaction on Thursday, September 12th. The shares were bought at an average price of $87.70 per share, with a total value of $526,200.00. Following the completion of the purchase, the director now owns 9,943 shares of the company’s stock, valued at approximately $872,001.10. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Bryan Stevenson sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $83.78, for a total transaction of $335,120.00. Following the completion of the sale, the insider now owns 35,333 shares in the company, valued at approximately $2,960,198.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven J. Demetriou acquired 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was acquired at an average price of $87.70 per share, for a total transaction of $526,200.00. Following the completion of the acquisition, the director now directly owns 9,943 shares of the company’s stock, valued at approximately $872,001.10. The disclosure for this purchase can be found here. Company insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

ACA has been the topic of a number of recent analyst reports. DA Davidson increased their target price on Arcosa from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Oppenheimer lifted their target price on shares of Arcosa from $100.00 to $105.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Finally, Stephens upgraded shares of Arcosa from an “equal weight” rating to an “overweight” rating and set a $96.00 price target for the company in a research report on Wednesday, August 7th.

Arcosa Trading Up 4.1 %

Shares of ACA stock opened at $91.34 on Friday. Arcosa, Inc. has a fifty-two week low of $61.98 and a fifty-two week high of $95.50. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.36 and a current ratio of 2.31. The stock’s fifty day moving average is $86.36 and its two-hundred day moving average is $84.40. The firm has a market capitalization of $4.46 billion, a P/E ratio of 31.28 and a beta of 0.72.

Arcosa (NYSE:ACA) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.08. The firm had revenue of $664.70 million for the quarter, compared to analyst estimates of $661.54 million. Arcosa had a net margin of 6.05% and a return on equity of 6.35%. Arcosa’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.76 earnings per share. Research analysts expect that Arcosa, Inc. will post 3.39 earnings per share for the current fiscal year.

Arcosa Company 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.