Ceredex Value Advisors LLC Takes $8.32 Million Position in Arcosa, Inc. $ACA

Ceredex Value Advisors LLC acquired a new position in shares of Arcosa, Inc. (NYSE:ACA) in the second quarter, Holdings Channel reports. The fund acquired 57,250 shares of the company’s stock, valued at approximately $8,318,000.

Several other institutional investors have also made changes to their positions in the business. State of Wyoming acquired a new position in Arcosa in the first quarter worth about $30,000. GHP Investment Advisors Inc. acquired a new stake in Arcosa during the first quarter valued at approximately $32,000. Farther Finance Advisors LLC raised its holdings in shares of Arcosa by 73.4% in the 4th quarter. Farther Finance Advisors LLC now owns 307 shares of the company’s stock worth $33,000 after buying an additional 130 shares in the last quarter. Quarry LP raised its holdings in shares of Arcosa by 160.0% in the 3rd quarter. Quarry LP now owns 403 shares of the company’s stock worth $38,000 after buying an additional 248 shares in the last quarter. Finally, Allworth Financial LP lifted its position in shares of Arcosa by 392.5% during the 4th quarter. Allworth Financial LP now owns 394 shares of the company’s stock worth $42,000 after buying an additional 314 shares during the period. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Arcosa Stock Performance

NYSE:ACA opened at $145.23 on Friday. The stock has a market capitalization of $7.13 billion, a P/E ratio of 14.55, a price-to-earnings-growth ratio of 2.18 and a beta of 1.05. The company has a current ratio of 3.12, a quick ratio of 2.31 and a debt-to-equity ratio of 0.48. Arcosa, Inc. has a 1 year low of $89.03 and a 1 year high of $146.92. The firm has a 50 day moving average of $143.86 and a 200-day moving average of $126.90.

Arcosa (NYSE:ACA) last released its quarterly earnings results on Wednesday, August 5th. The company reported $1.13 EPS for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.05). Arcosa had a return on equity of 7.90% and a net margin of 17.90%.The business had revenue of $658.70 million for the quarter, compared to the consensus estimate of $687.50 million. During the same quarter last year, the company earned $1.27 earnings per share. The firm’s revenue was down 10.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Arcosa, Inc. will post 4.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ACA has been the topic of several recent analyst reports. Wall Street Zen raised Arcosa from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Stephens set a $150.00 price objective on Arcosa in a research note on Thursday, August 6th. Texas Capital cut Arcosa from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Barclays boosted their target price on shares of Arcosa from $115.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Finally, Citigroup lowered shares of Arcosa to a “hold” rating in a report on Tuesday, June 23rd. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Arcosa presently has a consensus rating of “Hold” and a consensus target price of $141.25.

Arcosa Profile

Arcosa, Inc (NYSE: ACA) is a Dallas‐based industrial company that was formed through the spin‐off of Trinity Industries’ construction products business in 2018. Since its inception, Arcosa has focused on the manufacture and sale of critical infrastructure components, serving a diverse set of end markets including transportation, construction and energy.

The company’s Construction Products segment produces a broad range of highway safety products, such as guardrail systems, sign supports and crash cushions, as well as aggregates and ready‐mix concrete.