Steven J. Demetriou Purchases 6,000 Shares of Arcosa, Inc. (NYSE:ACA) Stock

Arcosa, Inc. (NYSE:ACA) Director Steven J. Demetriou purchased 6,000 shares of Arcosa stock in a transaction dated Thursday, September 12th. The stock was bought at an average cost of $87.70 per share, with a total value of $526,200.00. Following the completion of the transaction, the director now directly owns 9,943 shares of the company’s stock, valued at $872,001.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Arcosa Stock Performance

ACA stock opened at $91.34 on Friday. The firm has a 50 day moving average of $86.36 and a two-hundred day moving average of $84.40. Arcosa, Inc. has a 12 month low of $61.98 and a 12 month high of $95.50. The company has a market capitalization of $4.46 billion, a price-to-earnings ratio of 31.28 and a beta of 0.72. The company has a quick ratio of 1.36, a current ratio of 2.31 and a debt-to-equity ratio of 0.29.

Arcosa (NYSE:ACA) last posted its 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. The company had revenue of $664.70 million for the quarter, compared to analyst estimates of $661.54 million. Arcosa had a return on equity of 6.35% and a net margin of 6.05%. The business’s revenue was up 13.7% compared to the same quarter last year. During the same period last year, the company earned $0.76 earnings per share. As a group, equities analysts anticipate that Arcosa, Inc. will post 3.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on ACA. DA Davidson upped their price objective on shares of Arcosa from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Oppenheimer upped their price target on shares of Arcosa from $100.00 to $105.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. Finally, Stephens upgraded Arcosa from an “equal weight” rating to an “overweight” rating and set a $96.00 price objective for the company in a report on Wednesday, August 7th.

Institutional Investors Weigh In On Arcosa

Large investors have recently added to or reduced their stakes in the stock. nVerses Capital LLC bought a new position in shares of Arcosa in the second quarter valued at approximately $25,000. ICA Group Wealth Management LLC bought a new position in Arcosa in the 4th quarter worth $33,000. Scarborough Advisors LLC acquired a new position in Arcosa during the 4th quarter worth $42,000. Innealta Capital LLC acquired a new position in Arcosa during the 2nd quarter worth $69,000. Finally, Covestor Ltd boosted its holdings in Arcosa by 38.8% during the first quarter. Covestor Ltd now owns 888 shares of the company’s stock valued at $77,000 after acquiring an additional 248 shares during the period. Institutional investors own 90.66% of the company’s stock.

Arcosa Company 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.