Short Interest in Arcosa Inc (NYSE:ACA) Grows By 20.0%

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Arcosa Inc (NYSE:ACA) saw a large increase in short interest in September. As of September 15th, there was short interest totalling 686,700 shares, an increase of 20.0% from the August 31st total of 572,200 shares. Based on an average trading volume of 249,000 shares, the days-to-cover ratio is currently 2.8 days. Currently, 1.4% of the company’s stock are sold short.

Shares of NYSE ACA traded up $0.66 during trading hours on Friday, hitting $44.84. 172,983 shares of the company’s stock were exchanged, compared to its average volume of 278,912. Arcosa has a 1-year low of $28.14 and a 1-year high of $48.64. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.47 and a quick ratio of 1.37. The stock has a market capitalization of $2.17 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 5.25 and a beta of 0.37. The company’s 50-day moving average price is $45.41 and its 200-day moving average price is $40.66.

Arcosa (NYSE:ACA) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.13. Arcosa had a return on equity of 6.86% and a net margin of 6.32%. The business had revenue of $498.50 million during the quarter, compared to analysts’ expectations of $498.30 million. On average, research analysts expect that Arcosa will post 2.48 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Thursday, October 15th will be given a dividend of $0.05 per share. The ex-dividend date is Wednesday, October 14th. This represents a $0.20 annualized dividend and a dividend yield of 0.45%. Arcosa’s dividend payout ratio is presently 8.51%.

Several hedge funds and other institutional investors have recently bought and sold shares of ACA. AJO LP acquired a new position in Arcosa in the 1st quarter valued at approximately $38,000. Private Advisor Group LLC acquired a new position in Arcosa in the 2nd quarter valued at approximately $78,000. Mutual of America Capital Management LLC raised its holdings in Arcosa by 18.8% in the 1st quarter. Mutual of America Capital Management LLC now owns 2,107 shares of the company’s stock valued at $84,000 after acquiring an additional 333 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new position in Arcosa in the 2nd quarter valued at approximately $206,000. Finally, Hodges Capital Management Inc. acquired a new position in Arcosa in the 2nd quarter valued at approximately $215,000.

Several analysts have recently issued reports on the company. Susquehanna Bancshares upped their price target on Arcosa from $47.00 to $61.00 in a research note on Monday, August 3rd. ValuEngine upgraded Arcosa from a “sell” rating to a “hold” rating in a research note on Monday, August 3rd. Finally, Zacks Investment Research upgraded Arcosa from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research note on Wednesday, August 5th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $52.17.

About Arcosa

Arcosa, Inc manufactures and sells infrastructure-related products and services for the construction, energy, and transportation markets. It operates through three segments: Construction Products Group, Energy Equipment Group, and Transportation Products Group. The Construction Products Group segment offers lightweight and natural construction aggregates, and trench shields and shoring products that are used in construction landscape, including commercial, industrial, road and bridge, and underground construction.

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