37,487 Shares in Arcosa, Inc. $ACA Acquired by Moore Capital Management LP

Moore Capital Management LP acquired a new stake in Arcosa, Inc. (NYSE:ACA) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 37,487 shares of the company’s stock, valued at approximately $5,446,000.

A number of other hedge funds have also recently added to or reduced their stakes in ACA. PNC Financial Services Group Inc. grew its stake in shares of Arcosa by 1.7% during the first quarter. PNC Financial Services Group Inc. now owns 5,268 shares of the company’s stock worth $559,000 after buying an additional 90 shares during the last quarter. CWM LLC lifted its stake in shares of Arcosa by 11.5% in the 4th quarter. CWM LLC now owns 923 shares of the company’s stock valued at $98,000 after acquiring an additional 95 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in shares of Arcosa by 0.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 11,189 shares of the company’s stock valued at $1,190,000 after acquiring an additional 100 shares in the last quarter. Menard Financial Group LLC boosted its holdings in shares of Arcosa by 1.9% during the 4th quarter. Menard Financial Group LLC now owns 6,275 shares of the company’s stock valued at $667,000 after acquiring an additional 117 shares in the last quarter. Finally, Maryland State Retirement & Pension System grew its position in Arcosa by 1.7% during the 4th quarter. Maryland State Retirement & Pension System now owns 7,168 shares of the company’s stock worth $762,000 after acquiring an additional 117 shares during the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

Arcosa Stock Performance

Shares of ACA stock opened at $145.36 on Tuesday. Arcosa, Inc. has a 12 month low of $89.03 and a 12 month high of $146.92. The firm has a market capitalization 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. The company has a current ratio of 3.12, a quick ratio of 2.31 and a debt-to-equity ratio of 0.48. The firm has a fifty day simple moving average of $145.08 and a two-hundred day simple moving average of $127.93.

Arcosa (NYSE:ACA) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $1.13 earnings per share for the quarter, missing the consensus estimate of $1.18 by ($0.05). The company had revenue of $658.70 million for the quarter, compared to the consensus estimate of $687.50 million. Arcosa had a net margin of 17.90% and a return on equity of 7.90%. Arcosa’s revenue was down 10.6% on a year-over-year basis. During the same quarter last year, the business posted $1.27 earnings per share. Analysts forecast that Arcosa, Inc. will post 4.16 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on ACA shares. Stephens set a $150.00 target price on Arcosa in a report on Thursday, August 6th. Barclays boosted their price target on Arcosa from $115.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Zacks Research upgraded shares of Arcosa from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Wall Street Zen upgraded shares of Arcosa from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th. Finally, Texas Capital lowered shares of Arcosa from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $141.25.

Arcosa Company Profile

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.