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In a recent transaction, Rhys J. Best, a director at Arcosa , Inc. (NYSE:ACA), has acquired 1,500 shares of the company’s common stock. The shares were purchased on March 5 at a price of $79.835 per share, amounting to a total transaction value of $119,752. Following this acquisition, Best’s direct ownership in Arcosa now stands at 58,195 shares. The stock, currently trading at $82.34, has seen significant volatility recently, with InvestingPro data showing a 15% decline in the past week. With analyst targets ranging from $106 to $125, and the stock currently trading above its Fair Value according to InvestingPro analysis, investors may want to dive deeper into the company’s fundamentals. Get access to comprehensive insider trading analysis and 10+ additional ProTips with an InvestingPro subscription.
In other recent news, Arcosa Inc. reported its fourth-quarter 2024 earnings, revealing a significant miss in its earnings per share (EPS), which came in at $0.46 compared to the forecasted $0.81. Revenue also fell short of expectations, totaling $666.2 million against a projected $692.68 million. Despite the quarterly shortfall, Arcosa achieved record revenues for the full year 2024 and demonstrated robust performance through strategic acquisitions and organic growth projects. DA Davidson maintained a Buy rating on Arcosa, with a price target of $110, suggesting confidence in the company’s growth trajectory despite the initial negative market reaction to the earnings report. The firm highlighted promising visibility into EBITDA growth and margin expansion across all business segments by 2025. Arcosa’s strategic acquisitions, including the Stavola deal, are expected to support future growth, with significant contributions anticipated from the Construction Products segment. The company projects revenues between $2.8 billion and $3.0 billion for 2025, alongside a 30% growth in adjusted EBITDA at the midpoint, as it focuses on leveraging recent acquisitions and organic initiatives.
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