114,195 Shares in Arcosa, Inc. $ACA Bought by Legal & General Group Plc

Legal & General Group Plc purchased a new stake in Arcosa, Inc. (NYSE:ACA) in the second quarter, HoldingsChannel.com reports. The firm purchased 114,195 shares of the company’s stock, valued at approximately $16,591,000.

Several other institutional investors have also added to or reduced their stakes in ACA. AQR Capital Management LLC grew its stake in shares of Arcosa by 20.6% during the first quarter. AQR Capital Management LLC now owns 8,326 shares of the company’s stock worth $642,000 after acquiring an additional 1,423 shares during the last quarter. United Services Automobile Association acquired a new position in shares of Arcosa during the first quarter valued at about $256,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Arcosa by 11.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,244 shares of the company’s stock valued at $11,047,000 after purchasing an additional 14,723 shares during the last quarter. Jane Street Group LLC raised its position in shares of Arcosa by 193.8% in the 1st quarter. Jane Street Group LLC now owns 105,243 shares of the company’s stock valued at $8,116,000 after purchasing an additional 69,427 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in Arcosa by 1.4% in the 2nd quarter. American Century Companies Inc. now owns 12,690 shares of the company’s stock worth $1,100,000 after purchasing an additional 181 shares in the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on ACA shares. Stephens set a $150.00 target price on shares of Arcosa in a research report on Thursday, August 6th. Wall Street Zen upgraded shares of Arcosa from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Barclays boosted their price objective on shares of Arcosa from $115.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Oppenheimer downgraded Arcosa from an “outperform” rating to a “market perform” rating in a research report on Friday, June 26th. Finally, Zacks Research upgraded Arcosa from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Arcosa presently has an average rating of “Hold” and a consensus target price of $141.25.

Arcosa Price Performance

Shares of NYSE ACA opened at $145.30 on Monday. Arcosa, Inc. has a 52 week low of $89.03 and a 52 week high of $146.92. The business’s 50 day moving average price is $145.07 and its 200 day moving average price is $127.81. The company has a quick ratio of 2.31, a current ratio of 3.12 and a debt-to-equity ratio of 0.48. The firm has a market cap of $7.14 billion, a P/E ratio of 14.56, a P/E/G ratio of 2.18 and a beta of 1.05.

Arcosa (NYSE:ACA) last posted its quarterly earnings results 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). Arcosa had a return on equity of 7.90% and a net margin of 17.90%.The business had revenue of $658.70 million for the quarter, compared to analysts’ expectations of $687.50 million. During the same period in the prior year, the business posted $1.27 earnings per share. The business’s quarterly revenue was down 10.6% compared to the same quarter last year. On average, sell-side analysts expect that Arcosa, Inc. will post 4.16 earnings per share for the current year.

Arcosa Company 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.