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

Arcosa, Inc. (NYSE:ACA) saw a large growth in short interest in March. As of March 15th, there was short interest totalling 926,800 shares, a growth of 33.7% from the February 28th total of 693,000 shares. Based on an average daily volume of 288,000 shares, the days-to-cover ratio is presently 3.2 days. Currently, 1.9% of the shares of the company are short sold.

Arcosa Price Performance

ACA traded up $1.91 on Wednesday, hitting $80.08. 122,920 shares of the company were exchanged, compared to its average volume of 262,760. Arcosa has a fifty-two week low of $72.75 and a fifty-two week high of $113.43. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.77 and a current ratio of 3.61. The firm has a market capitalization of $3.91 billion, a P/E ratio of 30.45 and a beta of 0.81. The business’s fifty day moving average is $90.50 and its 200 day moving average is $96.07.

Arcosa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.25%. The ex-dividend date is Tuesday, April 15th. Arcosa’s payout ratio is currently 10.47%.

Wall Street Analyst Weigh In

Separately, Oppenheimer raised their price target on Arcosa from $105.00 to $110.00 and gave the company an “outperform” rating in a report on Tuesday, January 14th.

Institutional Trading of Arcosa

Institutional investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its stake in shares of Arcosa by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 658,875 shares of the company’s stock worth $63,740,000 after buying an additional 14,708 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Arcosa during the fourth quarter worth about $15,919,000. Proficio Capital Partners LLC acquired a new position in Arcosa during the fourth quarter worth about $30,000. TCW Group Inc. lifted its holdings in shares of Arcosa by 11.0% in the fourth quarter. TCW Group Inc. now owns 45,673 shares of the company’s stock valued at $4,418,000 after purchasing an additional 4,539 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Arcosa by 1.1% in the fourth quarter. Bank of New York Mellon Corp now owns 414,222 shares of the company’s stock valued at $40,072,000 after purchasing an additional 4,599 shares during the last quarter. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

About Arcosa

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.