Arcosa Inc (NYSE:ACA) Short Interest Update

Arcosa Inc (NYSE:ACA) was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 1,218,300 shares, a growth of 5.9% from the April 15th total of 1,150,400 shares. Based on an average trading volume of 321,700 shares, the days-to-cover ratio is presently 3.8 days. Approximately 2.5% of the company’s shares are sold short.

ACA traded down $0.61 on Friday, reaching $36.03. 222,031 shares of the company traded hands, compared to its average volume of 693,496. The business has a 50 day moving average price of $36.32. Arcosa has a 52-week low of $21.00 and a 52-week high of $39.74. The stock has a market cap of $1.77 billion and a P/E ratio of 19.80. The company has a current ratio of 2.51, a quick ratio of 1.41 and a debt-to-equity ratio of 0.06.

Arcosa (NYSE:ACA) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.58 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.26. The company had revenue of $410.90 million for the quarter, compared to analysts’ expectations of $392.16 million. During the same period in the previous year, the firm posted $0.45 earnings per share. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. On average, sell-side analysts anticipate that Arcosa will post 2.08 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 15th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend is Friday, July 12th. Arcosa’s payout ratio is presently 10.99%.

In other news, insider Valueact Capital Master Fund, sold 1,500,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $36.03, for a total transaction of $54,045,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.37% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in ACA. Nisa Investment Advisors LLC boosted its holdings in shares of Arcosa by 2.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 14,777 shares of the company’s stock worth $556,000 after buying an additional 300 shares during the period. Xact Kapitalforvaltning AB bought a new stake in shares of Arcosa during the 2nd quarter worth $282,000. Copper Rock Capital Partners LLC bought a new stake in shares of Arcosa during the 2nd quarter worth $25,790,000. Crossmark Global Holdings Inc. boosted its holdings in shares of Arcosa by 4.4% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 10,654 shares of the company’s stock worth $401,000 after buying an additional 451 shares during the period. Finally, WINTON GROUP Ltd boosted its holdings in shares of Arcosa by 1.8% during the 2nd quarter. WINTON GROUP Ltd now owns 323,564 shares of the company’s stock worth $12,176,000 after buying an additional 5,840 shares during the period. 82.20% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of GENEL ENERGY PL/ADR from a “buy” rating to a “hold” rating in a report on Tuesday, May 7th. Stephens assumed coverage on shares of Arcosa in a report on Monday, March 18th. They set an “equal weight” rating on the stock. Finally, DA Davidson assumed coverage on shares of Arcosa in a report on Thursday, March 21st. They set a “buy” rating and a $29.74 price target on the stock. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Arcosa currently has a consensus rating of “Buy” and a consensus target price of $39.95.

Arcosa Company Profile

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.

Further Reading: Are sell-side analysts objective?

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