Kintayl Capital LP Acquires New Position in Arcosa, Inc. $ACA

Kintayl Capital LP acquired a new stake in Arcosa, Inc. (NYSE:ACA) during the 2nd quarter, HoldingsChannel reports. The firm acquired 13,735 shares of the company’s stock, valued at approximately $1,996,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State of Wyoming purchased a new position in shares of Arcosa during the 1st quarter valued at $30,000. GHP Investment Advisors Inc. purchased a new stake in shares of Arcosa during the first quarter worth $32,000. Farther Finance Advisors LLC raised its holdings in shares of Arcosa by 73.4% during the fourth quarter. Farther Finance Advisors LLC now owns 307 shares of the company’s stock worth $33,000 after acquiring an additional 130 shares in the last quarter. Quarry LP boosted its position in Arcosa by 160.0% during the third quarter. Quarry LP now owns 403 shares of the company’s stock valued at $38,000 after purchasing an additional 248 shares during the last quarter. Finally, Allworth Financial LP increased its position in Arcosa by 392.5% in the 4th quarter. Allworth Financial LP now owns 394 shares of the company’s stock worth $42,000 after purchasing an additional 314 shares during the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Arcosa Price Performance

Shares of Arcosa stock opened at $145.38 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.12 and a quick ratio of 2.31. Arcosa, Inc. has a fifty-two week low of $89.03 and a fifty-two week high of $146.92. The firm has a fifty day moving average price of $144.45 and a two-hundred day moving average price of $127.36. The company has a market cap of $7.14 billion, a PE ratio of 14.57, a price-to-earnings-growth ratio of 2.18 and a beta of 1.05.

Arcosa (NYSE:ACA) last announced 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 firm had revenue of $658.70 million during the quarter, compared to the consensus estimate of $687.50 million. Arcosa had a return on equity of 7.90% and a net margin of 17.90%.Arcosa’s revenue was down 10.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.27 EPS. Analysts expect that Arcosa, Inc. will post 4.16 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Citigroup lowered Arcosa to a “hold” rating in a report on Tuesday, June 23rd. Oppenheimer downgraded Arcosa from an “outperform” rating to a “market perform” rating in a report on Friday, June 26th. Stephens set a $150.00 price objective on shares of Arcosa in a research report on Thursday, August 6th. Barclays lifted their target price on shares of Arcosa from $115.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Finally, Wall Street Zen raised shares of Arcosa from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Arcosa currently has an average rating of “Hold” and an average target price 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.