Ceredex Value Advisors LLC Purchases Shares of 57,250 Arcosa, Inc. $ACA

Ceredex Value Advisors LLC purchased a new stake in Arcosa, Inc. (NYSE:ACA) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 57,250 shares of the company’s stock, valued at approximately $8,318,000. Ceredex Value Advisors LLC owned 0.12% of Arcosa as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. NewEdge Wealth LLC acquired a new position in Arcosa in the 2nd quarter valued at $226,000. Texas Capital Bank Wealth Management Services Inc acquired a new stake in shares of Arcosa in the second quarter valued at about $203,000. BlackRock Inc. acquired a new stake in shares of Arcosa in the second quarter valued at about $1,222,486,000. Deutsche Bank AG acquired a new stake in shares of Arcosa in the second quarter valued at about $9,137,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Arcosa in the second quarter worth about $1,055,000. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on ACA shares. Wall Street Zen raised Arcosa from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Arcosa in a research report on Friday, August 7th. Oppenheimer lowered Arcosa from an “outperform” rating to a “market perform” rating in a report on Friday, June 26th. Zacks Research raised Arcosa from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. Finally, Barclays raised their price objective on shares of Arcosa from $115.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Arcosa currently has a consensus rating of “Hold” and a consensus price target of $141.25.

Arcosa Stock Down 0.1%

NYSE ACA opened at $145.23 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.31 and a current ratio of 3.12. The firm has a 50-day simple moving average of $143.86 and a 200 day simple moving average of $126.90. Arcosa, Inc. has a twelve month low of $89.03 and a twelve month high of $146.92. The stock has a market cap of $7.13 billion, a PE ratio of 14.55, a PEG ratio of 2.18 and a beta of 1.05.

Arcosa (NYSE:ACA) last released its earnings results on Wednesday, August 5th. The company reported $1.13 earnings per share for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.05). The firm had revenue of $658.70 million for the quarter, compared to analyst estimates of $687.50 million. Arcosa had a return on equity of 7.90% and a net margin of 17.90%.The firm’s quarterly revenue was down 10.6% compared to the same quarter last year. During the same period last year, the business earned $1.27 earnings per share. On average, research analysts forecast that Arcosa, Inc. will post 4.16 EPS for the current year.

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.