Arcosa, Inc. (NYSE:ACA) Short Interest Update

Arcosa, Inc. (NYSE:ACA) was the target of a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 769,642 shares, a drop of 13.8% from the January 15th total of 893,237 shares. Based on an average daily volume of 204,105 shares, the days-to-cover ratio is currently 3.8 days. Approximately 1.6% of the company’s shares are short sold. Approximately 1.6% of the company’s shares are short sold. Based on an average daily volume of 204,105 shares, the days-to-cover ratio is currently 3.8 days.

Hedge Funds Weigh In On Arcosa

Several hedge funds have recently bought and sold shares of ACA. PNC Financial Services Group Inc. raised its position in shares of Arcosa by 1.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,178 shares of the company’s stock valued at $551,000 after buying an additional 92 shares during the last quarter. CWM LLC grew its stake in Arcosa by 11.5% during the fourth quarter. CWM LLC now owns 923 shares of the company’s stock worth $98,000 after buying an additional 95 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in Arcosa by 0.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 11,189 shares of the company’s stock valued at $1,190,000 after purchasing an additional 100 shares in the last quarter. GPS Wealth Strategies Group LLC lifted its position in Arcosa by 15.7% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 787 shares of the company’s stock worth $74,000 after buying an additional 107 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in shares of Arcosa by 0.3% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 40,083 shares of the company’s stock valued at $4,281,000 after purchasing an additional 107 shares in the last quarter. 90.66% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on ACA shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Arcosa in a research report on Monday, December 29th. Wall Street Zen downgraded shares of Arcosa from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Finally, Barclays upped their target price on shares of Arcosa from $106.00 to $115.00 and gave the company an “overweight” rating in a research note on Monday, November 3rd. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $117.50.

Arcosa Stock Performance

ACA stock traded down $1.36 during midday trading on Tuesday, hitting $126.11. 60,911 shares of the stock traded hands, compared to its average volume of 207,042. The firm has a market cap of $6.18 billion, a P/E ratio of 41.76, a PEG ratio of 1.72 and a beta of 1.00. The stock’s fifty day simple moving average is $114.04 and its 200-day simple moving average is $102.79. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.02 and a quick ratio of 1.30. Arcosa has a 1-year low of $68.11 and a 1-year high of $131.00.

Arcosa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Thursday, January 15th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Thursday, January 15th. Arcosa’s dividend payout ratio is 6.62%.

About Arcosa

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.