AdvisorNet Financial Inc Decreases Stock Position in Arcosa, Inc. $ACA

AdvisorNet Financial Inc lowered its stake in Arcosa, Inc. (NYSE:ACA) by 5.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,863 shares of the company’s stock after selling 400 shares during the period. AdvisorNet Financial Inc’s holdings in Arcosa were worth $595,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Arcosa in the second quarter worth about $207,000. Harbor Capital Advisors Inc. increased its holdings in shares of Arcosa by 1.0% in the second quarter. Harbor Capital Advisors Inc. now owns 214,771 shares of the company’s stock worth $18,623,000 after buying an additional 2,037 shares during the period. Voya Investment Management LLC increased its holdings in shares of Arcosa by 4.9% in the first quarter. Voya Investment Management LLC now owns 186,723 shares of the company’s stock worth $14,400,000 after buying an additional 8,730 shares during the period. Strs Ohio purchased a new position in shares of Arcosa in the first quarter worth about $5,290,000. Finally, Intech Investment Management LLC increased its holdings in shares of Arcosa by 55.3% in the first quarter. Intech Investment Management LLC now owns 52,448 shares of the company’s stock worth $4,045,000 after buying an additional 18,669 shares during the period. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Arcosa Stock Performance

Arcosa stock opened at $95.80 on Wednesday. The stock’s 50 day simple moving average is $93.76 and its two-hundred day simple moving average is $87.12. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.35 and a current ratio of 2.12. The stock has a market cap of $4.70 billion, a price-to-earnings ratio of 50.96 and a beta of 1.00. Arcosa, Inc. has a fifty-two week low of $68.11 and a fifty-two week high of $113.43.

Arcosa (NYSE:ACA) last posted its quarterly earnings data on Thursday, August 7th. The company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.22. The business had revenue of $736.90 million for the quarter, compared to analysts’ expectations of $754.20 million. Arcosa had a return on equity of 6.25% and a net margin of 3.45%.The business’s revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.91 EPS. Arcosa has set its FY 2025 guidance at EPS. As a group, analysts expect that Arcosa, Inc. will post 3.23 earnings per share for the current fiscal year.

Arcosa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, October 15th. Arcosa’s payout ratio is currently 10.64%.

Insider Buying and Selling

In other news, insider Kerry S. Cole sold 7,966 shares of the business’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $95.77, for a total value of $762,903.82. Following the sale, the insider directly owned 19,769 shares of the company’s stock, valued at $1,893,277.13. The trade was a 28.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Bryan Stevenson sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $99.02, for a total value of $396,080.00. Following the completion of the sale, the insider directly owned 38,089 shares in the company, valued at approximately $3,771,572.78. This represents a 9.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, DA Davidson upped their price target on Arcosa from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, August 11th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Arcosa has a consensus rating of “Buy” and an average target price of $112.00.

Arcosa Profile

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.