Punch & Associates Investment Management Inc. Makes New Investment in Arcosa, Inc. $ACA

Punch & Associates Investment Management Inc. bought a new position in Arcosa, Inc. (NYSE:ACA) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 347,540 shares of the company’s stock, valued at approximately $50,494,000. Arcosa accounts for approximately 2.5% of Punch & Associates Investment Management Inc.’s investment portfolio, making the stock its 2nd largest holding. Punch & Associates Investment Management Inc. owned 0.71% of Arcosa as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. State of Wyoming purchased a new stake in Arcosa in the first quarter worth about $30,000. GHP Investment Advisors Inc. bought a new position in shares of Arcosa in the 1st quarter worth approximately $32,000. Farther Finance Advisors LLC lifted its stake in shares of Arcosa by 73.4% in the 4th quarter. Farther Finance Advisors LLC now owns 307 shares of the company’s stock valued at $33,000 after purchasing an additional 130 shares during the period. Quarry LP lifted its stake in shares of Arcosa by 160.0% in the 3rd quarter. Quarry LP now owns 403 shares of the company’s stock valued at $38,000 after purchasing an additional 248 shares during the period. Finally, Allworth Financial LP lifted its stake in shares of Arcosa by 392.5% in the 4th quarter. Allworth Financial LP now owns 394 shares of the company’s stock valued at $42,000 after purchasing an additional 314 shares during the period. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Analysts Set New Price Targets

ACA has been the topic of several recent research reports. Zacks Research raised Arcosa from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. Barclays boosted 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. Wall Street Zen raised shares of Arcosa from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th. Texas Capital lowered shares of Arcosa from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Finally, Stephens set a $150.00 price target on shares of Arcosa in a research report on Thursday, August 6th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Arcosa currently has a consensus rating of “Hold” and a consensus price target of $141.25.

Arcosa Stock Performance

Shares of ACA stock opened at $145.45 on Thursday. Arcosa, Inc. has a one year low of $89.03 and a one year high of $146.92. The company’s 50-day moving average is $144.68 and its 200 day moving average is $127.53. The company has a market capitalization of $7.14 billion, a price-to-earnings ratio of 14.57, 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 (NYSE:ACA) last issued its earnings results on Wednesday, August 5th. The company reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate 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%.The firm’s quarterly revenue was down 10.6% on a year-over-year basis. During the same period last year, the firm posted $1.27 earnings per share. Sell-side analysts expect that Arcosa, Inc. will post 4.16 EPS for the current fiscal year.

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.