M&T Bank Corp Makes New Investment in Arcosa, Inc. (NYSE:ACA)

M&T Bank Corp acquired a new stake in shares of Arcosa, Inc. (NYSE:ACA) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,309 shares of the company’s stock, valued at approximately $219,000.

Several other large investors have also made changes to their positions in ACA. Stonegate Investment Group LLC increased its stake in Arcosa by 3.6% during the third quarter. Stonegate Investment Group LLC now owns 3,095 shares of the company’s stock worth $293,000 after acquiring an additional 108 shares during the last quarter. Xponance Inc. grew its stake in shares of Arcosa by 4.4% in the second quarter. Xponance Inc. now owns 3,073 shares of the company’s stock valued at $256,000 after buying an additional 130 shares in the last quarter. Sei Investments Co. raised its holdings in shares of Arcosa by 1.1% during the 2nd quarter. Sei Investments Co. now owns 13,495 shares of the company’s stock valued at $1,126,000 after buying an additional 146 shares during the period. Arizona State Retirement System lifted its position in Arcosa by 1.5% during the 2nd quarter. Arizona State Retirement System now owns 13,595 shares of the company’s stock worth $1,134,000 after acquiring an additional 195 shares in the last quarter. Finally, Evergreen Capital Management LLC boosted its holdings in Arcosa by 5.5% in the 2nd quarter. Evergreen Capital Management LLC now owns 4,444 shares of the company’s stock worth $371,000 after acquiring an additional 233 shares during the period. 90.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Barclays started coverage on shares of Arcosa in a research report on Tuesday, October 29th. They set an “overweight” rating and a $106.00 target price on the stock.

Arcosa Stock Performance

Shares of ACA opened at $99.08 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.61 and a quick ratio of 2.77. Arcosa, Inc. has a 12-month low of $72.75 and a 12-month high of $113.43. The business’s fifty day moving average price is $102.07 and its 200 day moving average price is $92.29. The stock has a market capitalization of $4.83 billion, a PE ratio of 37.67 and a beta of 0.74.

Arcosa (NYSE:ACA) last posted its earnings results on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.78 by $0.13. Arcosa had a net margin of 5.17% and a return on equity of 6.64%. The firm had revenue of $640.40 million during the quarter, compared to analysts’ expectations of $682.52 million. During the same quarter in the prior year, the firm earned $0.73 EPS. Arcosa’s quarterly revenue was up 8.2% on a year-over-year basis. Equities research analysts forecast that Arcosa, Inc. will post 3.37 EPS for the current year.

Arcosa Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.20%. Arcosa’s dividend payout ratio (DPR) is presently 7.60%.

Arcosa Profile

Arcosa, Inc, together with its subsidiaries, provides infrastructure-related products and solutions for the construction, engineered structures, and transportation markets in the United States. It operates through three segments: Construction Products, Engineered Structures, and Transportation Products.