Arcosa, Inc. (NYSE:ACA) Insider Bryan Stevenson Sells 4,000 Shares

Arcosa, Inc. (NYSE:ACA) insider Bryan Stevenson sold 4,000 shares of Arcosa stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $83.78, for a total value of $335,120.00. Following the completion of the transaction, the insider now owns 35,333 shares in the company, valued at approximately $2,960,198.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Arcosa Trading Up 3.6 %

NYSE:ACA traded up $3.04 during trading hours on Monday, hitting $86.70. 377,943 shares of the company were exchanged, compared to its average volume of 237,654. The stock has a market capitalization of $4.21 billion, a price-to-earnings ratio of 29.56 and a beta of 0.74. Arcosa, Inc. has a one year low of $61.98 and a one year high of $95.50. The company has a fifty day simple moving average of $84.85 and a 200 day simple moving average of $83.70. The company has a current ratio of 2.28, a quick ratio of 1.36 and a debt-to-equity ratio of 0.25.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. DA Davidson raised their price objective on Arcosa from $105.00 to $110.00 and gave the company a “buy” rating in a report on Friday, May 17th. Stephens upgraded Arcosa from an “equal weight” rating to an “overweight” rating and set a $96.00 price target on the stock in a report on Wednesday, August 7th. Finally, Oppenheimer raised their price objective on shares of Arcosa from $100.00 to $105.00 and gave the company an “outperform” rating in a report on Monday.

Institutional Investors Weigh In On Arcosa

A number of institutional investors have recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. acquired a new stake in Arcosa during the 4th quarter worth about $277,000. Sequoia Financial Advisors LLC acquired a new stake in Arcosa during the fourth quarter worth approximately $220,000. Cerity Partners LLC bought a new stake in Arcosa in the fourth quarter worth approximately $464,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Arcosa by 32.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,719 shares of the company’s stock valued at $1,051,000 after buying an additional 3,115 shares during the period. Finally, Criterion Capital Advisors LLC bought a new position in shares of Arcosa during the 4th quarter worth approximately $33,000. 90.66% of the stock is owned by institutional investors.

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.