Arcosa, Inc. (NYSE:ACA) CEO Acquires $994,856.25 in Stock

Arcosa, Inc. (NYSE:ACA) CEO Antonio Carrillo acquired 12,125 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were bought at an average cost of $82.05 per share, for a total transaction of $994,856.25. Following the purchase, the chief executive officer now owns 406,275 shares of the company’s stock, valued at $33,334,863.75. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Arcosa Trading Down 0.9 %

NYSE:ACA traded down $0.77 during trading hours on Friday, reaching $81.33. 275,053 shares of the company were exchanged, compared to its average volume of 234,962. Arcosa, Inc. has a 52-week low of $61.98 and a 52-week high of $95.50. The stock has a 50 day simple moving average of $85.12 and a 200 day simple moving average of $83.44. The firm has a market cap of $3.95 billion, a price-to-earnings ratio of 27.91 and a beta of 0.74. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.28 and a quick ratio of 1.36.

Arcosa (NYSE:ACA) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.08. The firm had revenue of $664.70 million during the quarter, compared to the consensus estimate of $661.54 million. Arcosa had a return on equity of 6.40% and a net margin of 6.05%. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.76 earnings per share. As a group, analysts predict that Arcosa, Inc. will post 3.58 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ACA shares. Stephens upgraded shares of Arcosa from an “equal weight” rating to an “overweight” rating and set a $96.00 target price on the stock in a report on Wednesday. DA Davidson upped their price objective on shares of Arcosa from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, May 17th.

Institutional Trading of Arcosa

A number of institutional investors and hedge funds have recently bought and sold shares of ACA. Raymond James & Associates increased its position in shares of Arcosa by 1.6% in the fourth quarter. Raymond James & Associates now owns 32,074 shares of the company’s stock worth $2,651,000 after acquiring an additional 519 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in Arcosa in the fourth quarter valued at about $277,000. Sequoia Financial Advisors LLC acquired a new position in shares of Arcosa during the fourth quarter worth about $220,000. Cerity Partners LLC purchased a new stake in shares of Arcosa in the fourth quarter worth about $464,000. Finally, Louisiana State Employees Retirement System acquired a new stake in shares of Arcosa in the fourth quarter valued at about $2,016,000. Institutional investors and hedge funds own 90.66% of the company’s stock.

About Arcosa

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.