38,325 Shares in Arcosa, Inc. $ACA Bought by New York Life Investment Management LLC

New York Life Investment Management LLC bought a new position in Arcosa, Inc. (NYSE:ACA) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 38,325 shares of the company’s stock, valued at approximately $5,601,000. New York Life Investment Management LLC owned 0.08% of Arcosa at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. StoneX Group Inc. acquired a new stake in shares of Arcosa during the third quarter worth $255,000. Pictet Asset Management Holding SA boosted its position in shares of Arcosa by 9.4% in the 3rd quarter. Pictet Asset Management Holding SA now owns 7,609 shares of the company’s stock valued at $1,112,000 after purchasing an additional 656 shares during the period. Parallel Advisors LLC boosted its position in shares of Arcosa by 305.4% in the 3rd quarter. Parallel Advisors LLC now owns 454 shares of the company’s stock valued at $66,000 after purchasing an additional 342 shares during the period. Heritage Family Offices LLP acquired a new position in shares of Arcosa in the 3rd quarter valued at $72,000. Finally, First Nebraska Trust Co purchased a new position in Arcosa in the 3rd quarter worth about $992,000. 90.66% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on ACA. Weiss Ratings upgraded Arcosa from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, October 12th. Stephens set a $150.00 target price on shares of Arcosa in a report on Thursday, August 6th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Arcosa currently has an average rating of “Hold” and a consensus target price of $141.25.

Arcosa Price Performance

Shares of NYSE:ACA opened at $149.21 on Friday. The company’s fifty day moving average is $147.28 and its two-hundred day moving average is $132.47. The company has a quick ratio of 2.31, a current ratio of 3.12 and a debt-to-equity ratio of 0.48. Arcosa, Inc. has a 12-month low of $91.40 and a 12-month high of $149.50. The company has a market cap of $7.33 billion, a P/E ratio of 14.95, a price-to-earnings-growth ratio of 2.24 and a beta of 1.08.

Arcosa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 30th. Stockholders of record on Thursday, October 15th were issued a dividend of $0.05 per share. The ex-dividend date was Thursday, October 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.1%. Arcosa’s payout ratio is currently 2.00%.

Arcosa Company Profile

Arcosa, Inc. is a North American provider of products and materials used in infrastructure, construction, energy and transportation markets. The company became an independent public company in 2018 after being spun off from Trinity Industries. Its businesses include construction materials such as natural and recycled aggregates and specialty materials, as well as engineered structures for electric utilities, telecommunications and wind energy. Arcosa also makes products for transportation and infrastructure applications.