Punch & Associates Investment Management Inc. Takes $50.49 Million Position in Arcosa, Inc. $ACA

Punch & Associates Investment Management Inc. acquired a new stake in shares of Arcosa, Inc. (NYSE:ACA) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 347,540 shares of the company’s stock, valued at approximately $50,494,000. Arcosa comprises about 2.5% of Punch & Associates Investment Management Inc.’s holdings, making the stock its 2nd largest holding.

Several other large investors also recently bought and sold shares of ACA. State of Wyoming purchased a new position in Arcosa in the 1st quarter worth about $30,000. GHP Investment Advisors Inc. purchased a new stake in shares of Arcosa during the 1st quarter valued at about $32,000. Farther Finance Advisors LLC boosted its holdings in shares of Arcosa by 73.4% during the 4th quarter. Farther Finance Advisors LLC now owns 307 shares of the company’s stock valued at $33,000 after acquiring an additional 130 shares during the last quarter. Quarry LP grew its stake in shares of Arcosa by 160.0% in the third quarter. Quarry LP now owns 403 shares of the company’s stock worth $38,000 after acquiring an additional 248 shares during the period. Finally, Allworth Financial LP grew its stake in shares of Arcosa by 392.5% in the fourth quarter. Allworth Financial LP now owns 394 shares of the company’s stock worth $42,000 after acquiring an additional 314 shares during the period. 90.66% of the stock is currently owned by institutional investors.

Arcosa Trading Up 0.1%

Shares of Arcosa stock opened at $145.45 on Thursday. Arcosa, Inc. has a 1-year low of $89.03 and a 1-year high of $146.92. The company’s fifty day simple moving average is $144.68 and its 200-day simple moving average is $127.53. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.12 and a quick ratio of 2.31. The stock has a market capitalization of $7.14 billion, a PE ratio of 14.57, a P/E/G ratio of 2.18 and a beta of 1.05.

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on ACA shares. Oppenheimer downgraded shares of Arcosa from an “outperform” rating to a “market perform” rating in a research report on Friday, June 26th. Stephens set a $150.00 target price on shares of Arcosa in a research report on Thursday, August 6th. Barclays boosted their target price on shares of Arcosa from $115.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Citigroup downgraded Arcosa to a “hold” rating in a research note on Tuesday, June 23rd. Finally, Weiss Ratings raised Arcosa from a “hold (c+)” rating to a “buy (b)” rating in a report on Friday, August 21st. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $141.25.

Arcosa 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.