Arcosa, Inc. (NYSE:ACA – Get Rating) gapped up prior to trading on Thursday following a stronger than expected earnings report. The stock had previously closed at $51.30, but opened at $54.03. Arcosa shares last traded at $56.85, with a volume of 1,710 shares trading hands.
The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.38. Arcosa had a net margin of 4.15% and a return on equity of 5.53%. During the same period last year, the business posted $0.60 earnings per share.
Insider Buying and Selling at Arcosa
In other Arcosa news, insider Kerry S. Cole sold 10,500 shares of Arcosa stock in a transaction on Thursday, June 2nd. The shares were sold at an average price of $52.82, for a total transaction of $554,610.00. Following the completion of the sale, the insider now owns 23,475 shares of the company’s stock, valued at approximately $1,239,949.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.76% of the company’s stock.
Institutional Investors Weigh In On Arcosa
Arcosa Stock Performance
The firm’s fifty day moving average price is $49.21 and its 200-day moving average price is $51.34. The company has a current ratio of 2.09, a quick ratio of 1.24 and a debt-to-equity ratio of 0.35. The company has a market cap of $2.92 billion, a P/E ratio of 32.15 and a beta of 0.55.
Arcosa Company Profile
Arcosa, Inc, together with its subsidiaries, provides infrastructure-related products and solutions for the construction, energy, and transportation markets in North America. It operates through three segments: Construction Products, Engineered Structures, and Transportation Products. The Construction Products segment offers natural and recycled aggregates; specialty materials; and trench shields and shoring products for residential and non-residential construction, agriculture, specialty building products, as well as for infrastructure related projects.
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