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

Arcosa, Inc. (NYSE:ACA - Get Free Report) was the target of a large growth in short interest in the month of 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. Approximately 1.9% of the shares of the company are sold short. Based on an average daily volume of 288,000 shares, the days-to-cover ratio is currently 3.2 days.

Analyst Upgrades and Downgrades

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

Arcosa Price Performance

NYSE ACA traded down $3.12 on Friday, hitting $72.33. 564,139 shares of the company's stock were exchanged, compared to its average volume of 264,643. The company has a current ratio of 3.61, a quick ratio of 2.77 and a debt-to-equity ratio of 0.51. Arcosa has a 52 week low of $69.91 and a 52 week high of $113.43. The stock has a market cap of $3.53 billion, a price-to-earnings ratio of 27.50 and a beta of 0.85. The stock has a 50-day moving average of $89.07 and a 200-day moving average of $95.69.

Arcosa Announces Dividend

The firm 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 dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.28%. The ex-dividend date of this dividend is Tuesday, April 15th. Arcosa's payout ratio is 10.47%.

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Institutional Investors Weigh In On Arcosa

A number of hedge funds have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. lifted its stake in Arcosa by 2.3% in the 4th 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. acquired a new position in shares of Arcosa during the fourth quarter worth $15,919,000. Proficio Capital Partners LLC bought a new position in shares of Arcosa in the 4th quarter valued at $30,000. TCW Group Inc. boosted its holdings in shares of Arcosa by 11.0% during the 4th quarter. TCW Group Inc. now owns 45,673 shares of the company's stock valued at $4,418,000 after acquiring an additional 4,539 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Arcosa by 1.1% during the 4th quarter. Bank of New York Mellon Corp now owns 414,222 shares of the company's stock worth $40,072,000 after acquiring an additional 4,599 shares during the last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.

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.