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

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

Arcosa Trading Down 3.5 %

Shares of Arcosa stock traded down $2.76 during mid-day trading on Monday, hitting $77.21. 408,419 shares of the stock were exchanged, compared to its average volume of 262,502. The company has a 50-day simple moving average of $91.36 and a 200 day simple moving average of $96.23. The company has a current ratio of 3.61, a quick ratio of 2.77 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $3.77 billion, a price-to-earnings ratio of 29.36 and a beta of 0.81. Arcosa has a twelve month low of $72.75 and a twelve month high of $113.43.

Arcosa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.20 annualized dividend and a yield of 0.26%. Arcosa’s payout ratio is currently 10.47%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its stake in Arcosa by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 658,875 shares of the company’s stock valued at $63,740,000 after purchasing an additional 14,708 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Arcosa during the 4th quarter worth about $15,919,000. Proficio Capital Partners LLC acquired a new stake in shares of Arcosa in the fourth quarter worth approximately $30,000. TCW Group Inc. grew its holdings in 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 during the period. Finally, Bank of New York Mellon Corp increased its position in Arcosa by 1.1% during the fourth quarter. Bank of New York Mellon Corp now owns 414,222 shares of the company’s stock worth $40,072,000 after purchasing an additional 4,599 shares during the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.