Arcosa, Inc. (NYSE:ACA – Get Rating) – Investment analysts at Oppenheimer decreased their Q3 2022 earnings per share estimates for shares of Arcosa in a research report issued on Thursday, August 4th. Oppenheimer analyst I. Zaffino now forecasts that the company will post earnings of $0.58 per share for the quarter, down from their prior estimate of $0.59. The consensus estimate for Arcosa’s current full-year earnings is $1.83 per share.
Arcosa (NYSE:ACA – Get Rating) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.38. Arcosa had a return on equity of 5.56% and a net margin of 4.15%. During the same quarter in the previous year, the business posted $0.60 EPS.
Arcosa Stock Up 2.6 %
Hedge Funds Weigh In On Arcosa
Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Arcosa by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 5,228,933 shares of the company’s stock valued at $299,356,000 after purchasing an additional 69,247 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Arcosa by 11.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,133,334 shares of the company’s stock valued at $122,134,000 after purchasing an additional 218,698 shares during the last quarter. State Street Corp increased its position in shares of Arcosa by 2.8% during the 1st quarter. State Street Corp now owns 2,001,660 shares of the company’s stock valued at $114,595,000 after purchasing an additional 54,431 shares during the last quarter. Royce & Associates LP increased its position in shares of Arcosa by 2.7% during the 2nd quarter. Royce & Associates LP now owns 1,949,561 shares of the company’s stock valued at $90,518,000 after purchasing an additional 51,346 shares during the last quarter. Finally, Capital World Investors increased its position in shares of Arcosa by 19.0% during the 1st quarter. Capital World Investors now owns 1,881,470 shares of the company’s stock valued at $107,714,000 after purchasing an additional 300,000 shares during the last quarter. Institutional investors own 89.41% of the company’s stock.
Insider Transactions at Arcosa
In other news, insider Kerry S. Cole sold 10,500 shares of the company’s stock in a transaction that occurred on Thursday, June 2nd. The stock was sold at an average price of $52.82, for a total transaction of $554,610.00. Following the sale, the insider now directly owns 23,475 shares of the company’s stock, valued at approximately $1,239,949.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.76% of the company’s stock.
Arcosa Company Profile
Arcosa, Inc, together with its subsidiaries, provides infrastructure-related products and solutions for the construction, energy, and transportation markets in North America. It operates through three segments: Construction Products, Engineered Structures, and Transportation Products. The Construction Products segment offers natural and recycled aggregates; specialty materials; and trench shields and shoring products for residential and non-residential construction, agriculture, specialty building products, as well as for infrastructure related projects.
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