26,387 Shares in Arcosa, Inc. $ACA Bought by Jupiter Topco LLC

Jupiter Topco LLC bought a new stake in shares of Arcosa, Inc. (NYSE:ACA) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 26,387 shares of the company’s stock, valued at approximately $3,832,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Castleark Management LLC lifted its holdings in shares of Arcosa by 53.9% in the 1st quarter. Castleark Management LLC now owns 74,650 shares of the company’s stock valued at $7,923,000 after buying an additional 26,150 shares during the period. Horizon Investments LLC acquired a new stake in Arcosa during the fourth quarter worth about $1,925,000. First Nebraska Trust Co purchased a new position in Arcosa during the first quarter valued at approximately $746,000. Deutsche Bank AG purchased a new position in Arcosa during the second quarter valued at approximately $9,137,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Arcosa in the second quarter valued at approximately $1,055,000. 90.66% of the stock is owned by hedge funds and other institutional investors.

Arcosa Stock Performance

Shares of ACA stock opened at $145.44 on Wednesday. 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 12-month low of $89.03 and a 12-month high of $146.92. The business’s 50 day moving average is $145.09 and its two-hundred day moving average is $128.05. The company has a market capitalization of $7.14 billion, a P/E ratio of 14.57, a P/E/G ratio of 2.18 and a beta of 1.05.

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

Wall Street Analyst Weigh In

ACA has been the topic of several recent research reports. Oppenheimer lowered Arcosa from an “outperform” rating to a “market perform” rating in a research report on Friday, June 26th. Stephens set a $150.00 target price on shares of Arcosa in a research note on Thursday, August 6th. Wall Street Zen raised shares of Arcosa from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Texas Capital lowered shares of Arcosa from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Finally, Citigroup lowered shares of Arcosa to a “hold” rating in a research report 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 MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target 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.