First Nebraska Trust Co Buys Shares of 6,999 Arcosa, Inc. $ACA

First Nebraska Trust Co acquired a new stake in Arcosa, Inc. (NYSE:ACA) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 6,999 shares of the company’s stock, valued at approximately $1,017,000.

Several other institutional investors have also added to or reduced their stakes in ACA. Greenland Capital Management LP purchased a new stake in Arcosa during the 2nd quarter worth about $1,453,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Arcosa in the second quarter worth about $53,000. Orchard Capital Management LLC bought a new position in shares of Arcosa in the second quarter valued at approximately $3,961,000. Callan Family Office LLC bought a new position in shares of Arcosa in the second quarter valued at approximately $291,000. Finally, Paralel Advisors LLC purchased a new position in Arcosa during the second quarter valued at approximately $3,162,000. 90.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Barclays increased their target price on shares of Arcosa from $115.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Zacks Research raised shares of Arcosa from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Stephens set a $150.00 price objective on Arcosa in a research report on Thursday, August 6th. Wall Street Zen upgraded Arcosa from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th. Finally, Texas Capital lowered Arcosa from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Arcosa currently has an average rating of “Hold” and a consensus target price of $141.25.

Arcosa Stock Down 0.1%

Shares of NYSE:ACA opened at $145.23 on Friday. The firm has a market capitalization of $7.13 billion, a PE ratio of 14.55, a price-to-earnings-growth ratio of 2.18 and a beta of 1.05. 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 firm has a fifty day moving average of $143.86 and a 200 day moving average of $126.90.

Arcosa (NYSE:ACA) last posted its quarterly earnings data 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 analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.27 earnings per share. As a group, research analysts anticipate that Arcosa, Inc. will post 4.16 EPS for the current fiscal year.

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.