Short Interest in Arcosa, Inc. (NYSE:ACA) Grows By 15.8%

Arcosa, Inc. (NYSE:ACA - Get Free Report) was the recipient of a significant increase in short interest in 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 trading volume, of 256,500 shares, the days-to-cover ratio is currently 2.9 days. Currently, 1.5% of the company's shares are sold short.

Analysts Set New Price Targets

ACA has been the topic of a number of research reports. Oppenheimer upped their price target on Arcosa from $100.00 to $105.00 and gave the stock an "outperform" rating in a research note on Monday, August 19th. Barclays assumed coverage on Arcosa in a report on Tuesday. They issued an "overweight" rating and a $106.00 target price on the stock. Finally, Stephens upgraded shares of Arcosa from an "equal weight" rating to an "overweight" rating and set a $96.00 price objective for the company in a research note on Wednesday, August 7th.

Insider Transactions at Arcosa

In other Arcosa news, CEO Antonio Carrillo acquired 12,125 shares of the stock in a transaction dated Thursday, August 8th. The stock was purchased at an average price of $82.05 per share, with a total value of $994,856.25. Following the transaction, the chief executive officer now directly owns 406,275 shares of the company's stock, valued at $33,334,863.75. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider Bryan Stevenson sold 4,000 shares of Arcosa stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $83.78, for a total value of $335,120.00. Following the completion of the transaction, the insider now owns 35,333 shares in the company, valued at $2,960,198.74. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Antonio Carrillo acquired 12,125 shares of the business's stock in a transaction on Thursday, August 8th. The shares were purchased at an average price of $82.05 per share, with a total value of $994,856.25. Following the completion of the purchase, the chief executive officer now owns 406,275 shares in the company, valued at $33,334,863.75. This represents a 0.00 % increase in their position. 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

A number of large investors have recently made changes to their positions in ACA. Stonegate Investment Group LLC boosted its holdings in shares of Arcosa by 3.6% during the 3rd quarter. Stonegate Investment Group LLC now owns 3,095 shares of the company's stock worth $293,000 after buying an additional 108 shares during the period. Xponance Inc. lifted its holdings in shares of Arcosa by 4.4% during the 2nd quarter. Xponance Inc. now owns 3,073 shares of the company's stock worth $256,000 after acquiring an additional 130 shares during the period. Sei Investments Co. lifted its holdings in Arcosa by 1.1% during the 2nd quarter. Sei Investments Co. now owns 13,495 shares of the company's stock valued at $1,126,000 after purchasing an additional 146 shares during the last quarter. Arizona State Retirement System lifted its holdings in Arcosa by 1.5% during the 2nd quarter. Arizona State Retirement System now owns 13,595 shares of the company's stock valued at $1,134,000 after purchasing an additional 195 shares during the last quarter. Finally, Evergreen Capital Management LLC lifted its holdings in Arcosa by 5.5% during the 2nd quarter. Evergreen Capital Management LLC now owns 4,444 shares of the company's stock valued at $371,000 after purchasing an additional 233 shares during the last quarter. Institutional investors and hedge funds own 90.66% of the company's stock.

Arcosa Stock Down 1.2 %

Arcosa stock traded down $1.13 during midday trading on Tuesday, hitting $94.29. 214,430 shares of the stock were exchanged, compared to its average volume of 236,032. Arcosa has a 1 year low of $61.98 and a 1 year high of $97.65. The firm has a market cap of $4.58 billion, a P/E ratio of 32.29 and a beta of 0.71. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.31 and a quick ratio of 1.36. The company has a 50 day moving average price of $91.52 and a two-hundred day moving average price of $86.81.

Arcosa (NYSE:ACA - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.83 by $0.08. The business had revenue of $664.70 million during the quarter, compared to the consensus estimate of $661.54 million. Arcosa had a net margin of 6.05% and a return on equity of 6.35%. The company's revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.76 EPS. On average, sell-side analysts predict that Arcosa will post 3.39 earnings per share for the current fiscal year.

Arcosa Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Tuesday, October 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.21%. Arcosa's payout ratio is currently 6.85%.

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.