Short Interest in Arcosa, Inc. (NYSE:ACA) Rises By 5.2%

Arcosa, Inc. (NYSE:ACA) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totalling 426,700 shares, a growth of 5.2% from the May 31st total of 405,700 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average trading volume of 228,700 shares, the short-interest ratio is currently 1.9 days.

Insider Buying and Selling

In other Arcosa news, insider Kerry S. Cole sold 10,978 shares of Arcosa stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $88.71, for a total value of $973,858.38. Following the completion of the transaction, the insider now directly owns 18,527 shares of the company’s stock, valued at $1,643,530.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is currently owned by insiders.

Institutional Trading of Arcosa

Several large investors have recently added to or reduced their stakes in ACA. Norges Bank bought a new stake in Arcosa during the fourth quarter valued at approximately $45,468,000. Boston Partners grew its position in Arcosa by 272.6% during the first quarter. Boston Partners now owns 220,961 shares of the company’s stock valued at $18,947,000 after buying an additional 161,662 shares during the period. Impax Asset Management Group plc grew its position in Arcosa by 138.5% during the fourth quarter. Impax Asset Management Group plc now owns 155,000 shares of the company’s stock valued at $12,809,000 after buying an additional 90,000 shares during the period. Vanguard Group Inc. boosted its position in shares of Arcosa by 1.3% in the third quarter. Vanguard Group Inc. now owns 5,517,454 shares of the company’s stock worth $396,705,000 after purchasing an additional 68,240 shares during the period. Finally, Synergy Asset Management LLC bought a new position in shares of Arcosa in the first quarter worth approximately $5,242,000. 90.66% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, DA Davidson lifted their target price on shares of Arcosa from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, May 17th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $93.00.

Arcosa Stock Up 1.2 %

ACA opened at $81.71 on Wednesday. The company has a quick ratio of 1.36, a current ratio of 2.28 and a debt-to-equity ratio of 0.25. The firm has a 50 day moving average price of $84.28 and a 200-day moving average price of $82.43. Arcosa has a twelve month low of $61.98 and a twelve month high of $89.44. The stock has a market capitalization of $3.97 billion, a price-to-earnings ratio of 27.98 and a beta of 0.74.

Arcosa (NYSE:ACA) last released its quarterly earnings data on Friday, May 3rd. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.21. Arcosa had a net margin of 6.05% and a return on equity of 6.13%. The firm had revenue of $598.60 million during the quarter, compared to analysts’ expectations of $580.06 million. During the same period in the previous year, the company earned $1.06 earnings per share. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. Equities research analysts forecast that Arcosa will post 3.58 earnings per share for the current year.

Arcosa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th will be issued a dividend of $0.05 per share. The ex-dividend date is Monday, July 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.24%. Arcosa’s payout ratio is 6.85%.

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.