Arcosa, Inc. $ACA Shares Acquired by Van ECK Associates Corp

Van ECK Associates Corp increased its holdings in Arcosa, Inc. (NYSE:ACA) by 172.5% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 196,528 shares of the company’s stock after purchasing an additional 124,410 shares during the quarter. Van ECK Associates Corp’s holdings in Arcosa were worth $28,554,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. State of Wyoming purchased a new position in Arcosa during the 1st quarter valued at about $30,000. GHP Investment Advisors Inc. purchased a new stake in Arcosa in the 1st quarter valued at approximately $32,000. Farther Finance Advisors LLC grew its holdings in Arcosa by 73.4% during the 4th quarter. Farther Finance Advisors LLC now owns 307 shares of the company’s stock valued at $33,000 after buying an additional 130 shares during the last quarter. Quarry LP increased its position in Arcosa by 160.0% during the third 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 increased its position in Arcosa by 392.5% during the fourth quarter. Allworth Financial LP now owns 394 shares of the company’s stock worth $42,000 after buying an additional 314 shares in the last quarter. 90.66% of the stock is owned by institutional investors and hedge funds.

Arcosa Price Performance

ACA stock opened at $145.30 on Monday. The stock has a market capitalization of $7.14 billion, a price-to-earnings ratio of 14.56, a price-to-earnings-growth ratio of 2.18 and a beta of 1.05. The company has a quick ratio of 2.31, a current ratio of 3.12 and a debt-to-equity ratio of 0.48. Arcosa, Inc. has a 52-week low of $89.03 and a 52-week high of $146.92. The stock’s fifty day simple moving average is $145.07 and its 200-day simple moving average is $127.81.

Arcosa (NYSE:ACA) last released its earnings results on Wednesday, August 5th. The company reported $1.13 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.05). Arcosa had a net margin of 17.90% and a return on equity of 7.90%. The business had revenue of $658.70 million during the quarter, compared to analyst estimates of $687.50 million. During the same quarter in the previous year, the company posted $1.27 earnings per share. The business’s revenue for the quarter was down 10.6% compared to the same quarter last year. Equities research analysts expect that Arcosa, Inc. will post 4.16 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on ACA shares. Oppenheimer cut Arcosa from an “outperform” rating to a “market perform” rating in a report on Friday, June 26th. Wall Street Zen upgraded Arcosa from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th. Stephens set a $150.00 target price on shares of Arcosa in a research note on Thursday, August 6th. Barclays upped their target price on shares of Arcosa from $115.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Finally, Citigroup cut shares of Arcosa to a “hold” rating in a research note on Tuesday, June 23rd. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock 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.