660,000 Shares in Arcosa, Inc. $ACA Purchased by Pentwater Capital Management LP

Pentwater Capital Management LP acquired a new position in Arcosa, Inc. (NYSE:ACA) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 660,000 shares of the company’s stock, valued at approximately $95,891,000. Arcosa makes up approximately 0.6% of Pentwater Capital Management LP’s investment portfolio, making the stock its 23rd biggest position. Pentwater Capital Management LP owned 1.34% of Arcosa at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. bought a new position in shares of Arcosa during the second quarter worth approximately $1,222,486,000. Franklin Resources Inc. boosted its stake in shares of Arcosa by 2,770.5% in the fourth quarter. Franklin Resources Inc. now owns 736,018 shares of the company’s stock valued at $78,253,000 after buying an additional 710,377 shares during the period. Norges Bank acquired a new stake in Arcosa during the fourth quarter worth approximately $68,225,000. Bank of New York Mellon Corp bought a new position in Arcosa during the 2nd quarter worth $50,804,000. Finally, T. Rowe Price Investment Management Inc. increased its stake in Arcosa by 25.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,707,884 shares of the company’s stock worth $181,583,000 after acquiring an additional 342,242 shares during the period. Institutional investors own 90.66% of the company’s stock.

Arcosa Stock Up 0.1%

Shares of ACA opened at $145.45 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.31 and a current ratio of 3.12. Arcosa, Inc. has a 52 week low of $89.03 and a 52 week high of $146.92. The stock has a market capitalization of $7.14 billion, a price-to-earnings ratio of 14.57, a PEG ratio of 2.18 and a beta of 1.05. The stock has a fifty day moving average of $144.68 and a 200-day moving average of $127.53.

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Zacks Research upgraded Arcosa from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. Weiss Ratings raised shares of Arcosa from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, August 21st. Citigroup downgraded shares of Arcosa to a “hold” rating in a report on Tuesday, June 23rd. Barclays lifted their price target on Arcosa from $115.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Finally, Stephens set a $150.00 price target on Arcosa in a report on Thursday, August 6th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $141.25.

About Arcosa

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.