Arcosa , Inc. (NYSE:ACA) Group President, Cole Kerry S, has recently engaged in notable stock transactions, as revealed in the latest filings with the Securities and Exchange Commission. The executive sold a significant amount of shares, resulting in a total sale value exceeding $973,000.
On May 15, 2024, Cole Kerry S sold two separate batches of Arcosa's common stock. The first sale involved 3,959 shares at a weighted average price of $88.42, with individual transactions ranging from $88.05 to $88.69. The second sale consisted of 7,019 shares at an average price of $88.87, with prices varying from $88.70 to $89.06. The combined sales totaled approximately $973,833, reflecting a notable transaction for the executive and the company.
In addition to the sales, the Group President also acquired 9,421 shares of Arcosa common stock at no cost, which did not impact the total transaction value. However, a separate transaction code indicated that 5,166 shares were disposed of at a price of $89.24 per share to cover tax obligations, amounting to a total transaction value of $461,013.
Following these transactions, Cole Kerry S's ownership in the company now stands at 18,527 shares of common stock. This series of trades provides investors with insight into the executive's recent stock movements, though it remains neutral information without any indication of the transactions' significance for investors.
Arcosa, Inc., headquartered in Dallas, Texas, operates within the fabricated structural metal products industry, and these transactions come amid the regular financial disclosures expected of company executives.
InvestingPro Insights
Amid the recent stock transactions by Arcosa, Inc.'s (NYSE:ACA) Group President, investors may be seeking additional context to understand the company's financial health and future prospects. According to InvestingPro data, Arcosa has a market capitalization of approximately $4.22 billion and has demonstrated a solid revenue growth of 4.48% over the last twelve months as of Q1 2024. This is complemented by a noteworthy gross profit margin of 18.95% in the same period, indicating efficient management of production costs relative to sales.
InvestingPro Tips reveal that analysts have recently revised their earnings expectations upwards for the upcoming period, suggesting potential optimism about the company's financial performance. Moreover, Arcosa operates with a moderate level of debt and has liquid assets that exceed short-term obligations, providing a stable financial footing.
For investors considering the long-term performance, Arcosa has shown a strong return over the last month with a price total return of 12.93%, and an even more impressive return of 30.96% over the past year. These metrics reflect the company's solid stock performance and may be influential for investors making informed decisions.
For those interested in further analysis and additional InvestingPro Tips, there are currently 7 more tips available for Arcosa on InvestingPro. Use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, and gain deeper insights into Arcosa's financials and stock performance.
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