Arcosa, Inc. (NYSE:ACA) Sees Significant Growth in Short Interest

Arcosa, Inc. (NYSE:ACA) saw a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 1,135,262 shares, an increase of 25.6% from the February 26th total of 904,013 shares. Based on an average daily volume of 470,114 shares, the days-to-cover ratio is presently 2.4 days. Approximately 2.3% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. DA Davidson upped their price target on Arcosa from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Wall Street Zen cut shares of Arcosa from a “buy” rating to a “hold” rating in a research note on Sunday, March 1st. Finally, Weiss Ratings upgraded shares of Arcosa from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, March 17th. Three 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.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $120.00.

Institutional Trading of Arcosa

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

Arcosa Price Performance

NYSE ACA traded down $0.41 on Monday, reaching $102.44. 156,755 shares of the company’s stock traded hands, compared to its average volume of 292,823. The stock has a market cap of $5.02 billion, a PE ratio of 24.22, a P/E/G ratio of 1.35 and a beta of 1.01. Arcosa has a 12 month low of $68.11 and a 12 month high of $131.00. The stock has a 50-day simple moving average of $115.05 and a 200 day simple moving average of $106.19. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.20 and a quick ratio of 1.35.

Arcosa (NYSE:ACA) last released its earnings results on Thursday, February 26th. The company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.20. The company had revenue of $716.70 million during the quarter, compared to analyst estimates of $719.46 million. Arcosa had a return on equity of 8.64% and a net margin of 7.23%.Arcosa’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.46 EPS. As a group, research analysts predict that Arcosa will post 3.23 earnings per share for the current year.

Arcosa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Wednesday, April 15th will be given a $0.05 dividend. The ex-dividend date is Wednesday, April 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. Arcosa’s payout ratio is presently 4.72%.

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.