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

Arcosa, Inc. (NYSE:ACA) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 738,400 shares, an increase of 15.8% from the September 30th total of 637,700 shares. Based on an average daily volume of 256,500 shares, the days-to-cover ratio is presently 2.9 days. Approximately 1.5% of the shares of the company are sold short.

Arcosa Price Performance

Shares of ACA stock traded down $0.54 during trading hours on Tuesday, hitting $94.88. 2,320 shares of the company’s stock were exchanged, compared to its average volume of 235,017. Arcosa has a fifty-two week low of $61.98 and a fifty-two week high of $97.65. The firm has a market cap of $4.61 billion, a P/E ratio of 32.68 and a beta of 0.71. The company has a quick ratio of 1.36, a current ratio of 2.31 and a debt-to-equity ratio of 0.29. The firm has a 50 day moving average of $91.36 and a two-hundred day moving average of $86.71.

Arcosa (NYSE:ACA) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.08. Arcosa had a net margin of 6.05% and a return on equity of 6.35%. The company had revenue of $664.70 million during the quarter, compared to analysts’ expectations of $661.54 million. During the same period in the prior year, the business posted $0.76 earnings per share. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. Sell-side analysts forecast that Arcosa will post 3.39 EPS for the current year.

Arcosa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.21%. The ex-dividend date is Tuesday, October 15th. Arcosa’s payout ratio is 6.85%.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Stephens upgraded Arcosa from an “equal weight” rating to an “overweight” rating and set a $96.00 price objective on the stock in a research report on Wednesday, August 7th. Oppenheimer increased their price target on shares of Arcosa from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Finally, Barclays began coverage on shares of Arcosa in a report on Tuesday. They issued an “overweight” rating and a $106.00 price objective for the company.

Insider Buying and Selling at Arcosa

In other Arcosa news, Director Steven J. Demetriou purchased 6,000 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were bought at an average price of $87.70 per share, for a total transaction of $526,200.00. Following the acquisition, the director now owns 9,943 shares in the company, valued at $872,001.10. This represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Antonio Carrillo acquired 12,125 shares of Arcosa stock in a transaction on Thursday, August 8th. The stock was acquired at an average price of $82.05 per share, for a total transaction of $994,856.25. Following the purchase, the chief executive officer now owns 406,275 shares of the company’s stock, valued at approximately $33,334,863.75. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Steven J. Demetriou bought 6,000 shares of the stock in a transaction dated Thursday, September 12th. The stock was bought at an average price of $87.70 per share, for a total transaction of $526,200.00. Following the purchase, the director now directly owns 9,943 shares of the company’s stock, valued at approximately $872,001.10. The trade was a 100.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Arcosa

Large investors have recently bought and sold shares of the company. nVerses Capital LLC acquired a new stake in Arcosa during the 2nd quarter worth $25,000. Innealta Capital LLC purchased a new position in shares of Arcosa in the second quarter worth about $69,000. Covestor Ltd boosted its position in Arcosa by 38.8% during the first quarter. Covestor Ltd now owns 888 shares of the company’s stock worth $77,000 after acquiring an additional 248 shares during the last quarter. Essex Investment Management Co. LLC purchased a new stake in Arcosa during the 1st quarter valued at about $78,000. Finally, Tradewinds Capital Management LLC acquired a new stake in Arcosa in the 1st quarter valued at about $114,000. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

Arcosa Company Profile

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.