M&T Bank Corp Increases Stock Position in Arcosa, Inc. $ACA

M&T Bank Corp grew its position in Arcosa, Inc. (NYSE:ACA) by 284.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,160 shares of the company’s stock after purchasing an additional 6,779 shares during the period. M&T Bank Corp’s holdings in Arcosa were worth $974,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ACA. Capital International Investors raised its holdings in shares of Arcosa by 28.3% in the third quarter. Capital International Investors now owns 2,228,275 shares of the company’s stock valued at $208,812,000 after purchasing an additional 491,165 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Arcosa in the third quarter valued at about $37,035,000. Bank of America Corp DE raised its holdings in shares of Arcosa by 80.5% in the second quarter. Bank of America Corp DE now owns 465,140 shares of the company’s stock valued at $40,332,000 after purchasing an additional 207,457 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Arcosa by 25.3% in the second quarter. The Manufacturers Life Insurance Company now owns 763,557 shares of the company’s stock valued at $66,208,000 after purchasing an additional 154,172 shares during the last quarter. Finally, Qube Research & Technologies Ltd raised its holdings in shares of Arcosa by 130.2% in the third quarter. Qube Research & Technologies Ltd now owns 182,027 shares of the company’s stock valued at $17,058,000 after purchasing an additional 102,953 shares during the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Arcosa Stock Performance

NYSE ACA opened at $126.63 on Friday. Arcosa, Inc. has a 52-week low of $80.68 and a 52-week high of $131.00. The company has a 50-day simple moving average of $111.65 and a 200 day simple moving average of $109.26. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.35 and a current ratio of 2.20. The company has a market capitalization of $6.22 billion, a PE ratio of 29.87, a price-to-earnings-growth ratio of 2.14 and a beta of 0.96.

Arcosa (NYSE:ACA) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.38. Arcosa had a net margin of 7.23% and a return on equity of 8.64%. The business had revenue of $571.70 million during the quarter, compared to the consensus estimate of $642.40 million. During the same quarter last year, the company posted $0.49 earnings per share. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, research analysts predict that Arcosa, Inc. will post 3.4 EPS for the current year.

Arcosa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Wednesday, April 15th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Wednesday, April 15th. Arcosa’s dividend payout ratio (DPR) is 4.72%.

Analysts Set New Price Targets

Several analysts have recently commented on ACA shares. Wall Street Zen downgraded shares of Arcosa from a “buy” rating to a “hold” rating in a report on Sunday, March 1st. DA Davidson increased their target price on shares of Arcosa from $120.00 to $125.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Texas Capital upgraded shares of Arcosa to a “strong-buy” rating in a report on Friday, March 27th. Weiss Ratings upgraded shares of Arcosa from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Finally, Zacks Research downgraded shares of Arcosa from a “hold” rating to a “strong sell” rating in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, Arcosa currently has a consensus rating of “Moderate Buy” and an average price target of $120.00.

Arcosa Profile

Arcosa, Inc (NYSE: ACA) is a Dallas‐based industrial company that was formed through the spin‐off of Trinity Industries’ construction products business in 2018. Since its inception, Arcosa has focused on the manufacture and sale of critical infrastructure components, serving a diverse set of end markets including transportation, construction and energy.

The company’s Construction Products segment produces a broad range of highway safety products, such as guardrail systems, sign supports and crash cushions, as well as aggregates and ready‐mix concrete.