AdvisorNet Financial Inc Decreases Stock Position in Arcosa, Inc. $ACA

AdvisorNet Financial Inc reduced its position in Arcosa, Inc. (NYSE:ACA) by 5.5% in the second quarter, Holdings Channel.com reports. The fund owned 6,863 shares of the company’s stock after selling 400 shares during the period. AdvisorNet Financial Inc’s holdings in Arcosa were worth $595,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in ACA. Wealth Enhancement Advisory Services LLC purchased a new stake in Arcosa during the 2nd quarter valued at $207,000. Harbor Capital Advisors Inc. increased its stake in shares of Arcosa by 1.0% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 214,771 shares of the company’s stock worth $18,623,000 after purchasing an additional 2,037 shares in the last quarter. Voya Investment Management LLC boosted its holdings in Arcosa by 4.9% in the 1st quarter. Voya Investment Management LLC now owns 186,723 shares of the company’s stock worth $14,400,000 after buying an additional 8,730 shares during the period. Strs Ohio bought a new position in Arcosa in the 1st quarter worth $5,290,000. Finally, Intech Investment Management LLC boosted its holdings in shares of Arcosa by 55.3% during the 1st quarter. Intech Investment Management LLC now owns 52,448 shares of the company’s stock valued at $4,045,000 after purchasing an additional 18,669 shares during the last quarter. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Arcosa news, insider Kerry S. Cole sold 7,966 shares of the stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $95.77, for a total value of $762,903.82. Following the sale, the insider directly owned 19,769 shares of the company’s stock, valued at approximately $1,893,277.13. This represents a 28.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Bryan Stevenson sold 4,000 shares of the company’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $99.02, for a total transaction of $396,080.00. Following the completion of the transaction, the insider owned 38,089 shares of the company’s stock, valued at $3,771,572.78. This represents a 9.50% decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Separately, DA Davidson increased their price target on shares of Arcosa from $110.00 to $120.00 and gave the company a “buy” rating in a report on Monday, August 11th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $112.00.

Arcosa Trading Up 0.2%

Shares of Arcosa stock opened at $95.80 on Wednesday. Arcosa, Inc. has a 1 year low of $68.11 and a 1 year high of $113.43. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.12 and a quick ratio of 1.35. The firm has a fifty day moving average price of $93.76 and a 200 day moving average price of $87.12. The stock has a market cap of $4.70 billion, a PE ratio of 50.96 and a beta of 1.00.

Arcosa (NYSE:ACA) last released its earnings results on Thursday, August 7th. The company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.22. The business had revenue of $736.90 million during the quarter, compared to analysts’ expectations of $754.20 million. Arcosa had a net margin of 3.45% and a return on equity of 6.25%. The company’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.91 earnings per share. Arcosa has set its FY 2025 guidance at EPS. Equities research analysts predict that Arcosa, Inc. will post 3.23 earnings per share for the current year.

Arcosa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, October 15th. Arcosa’s payout ratio is 10.64%.

Arcosa Company Profile

Arcosa, Inc, together with its subsidiaries, provides infrastructure-related products and solutions for the construction, engineered structures, and transportation markets in the United States. It operates through three segments: Construction Products, Engineered Structures, and Transportation Products.