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Antonio Carrillo, President and CEO of Arcosa , Inc. (NYSE:ACA), recently acquired a significant amount of the company’s common stock, as disclosed in a recent SEC filing. On March 10, Carrillo purchased a total of 6,345 shares, amounting to approximately $498,438. The shares were bought at a weighted average price ranging from $78.54 to $79.05 per share. According to InvestingPro data, this purchase comes as the stock has fallen nearly 19% year-to-date, with analysts maintaining price targets between $100 and $125.
This transaction increases Carrillo’s direct ownership to 433,283 shares, demonstrating his continued confidence in Arcosa’s prospects. The purchases were made through multiple transactions, with specific prices varying slightly within the provided range. InvestingPro analysis shows the company maintains strong financial health with a current ratio of 1.85 and expects net income growth this year. Discover more insights about Arcosa and track insider trading patterns with InvestingPro’s comprehensive research reports, available for over 1,400 US stocks.
In other recent news, Arcosa Inc. reported a significant miss in its fourth-quarter 2024 earnings, with earnings per share (EPS) coming in at $0.46, substantially below the forecasted $0.81. Revenue also fell short of expectations, reaching $666.2 million against a projected $692.68 million. Despite the quarterly disappointment, Arcosa achieved record revenues for the full year 2024, supported by strategic acquisitions and organic growth projects. DA Davidson maintained a Buy rating on Arcosa with a price target of $110, highlighting promising visibility into EBITDA growth and margin expansion across all business segments by 2025.
The firm’s analysis pointed out that the Aggregates segment is expected to grow, while the Construction Products segment remains a crucial liquidity source. Arcosa’s CEO, Antonio Carrillo, emphasized the company’s transformation in 2024 and its focus on leveraging recent acquisitions for future growth. For 2025, Arcosa projects revenues between $2.8 billion and $3.0 billion, with adjusted EBITDA anticipated to grow by 30% at the midpoint. The company plans to reduce leverage to 2.0-2.5x within 18 months, aiming for continued growth supported by ongoing demand for renewables, particularly in wind energy.
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