Short Interest in Arcosa, Inc. (NYSE:ACA) Grows By 33.7%

Arcosa, Inc. (NYSE:ACA) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 926,800 shares, an increase of 33.7% from the February 28th total of 693,000 shares. Based on an average daily volume of 288,000 shares, the short-interest ratio is presently 3.2 days. Currently, 1.9% of the company’s shares are short sold.

Analysts Set New Price Targets

Separately, Oppenheimer upped their price target on Arcosa from $105.00 to $110.00 and gave the company an “outperform” rating in a research report on Tuesday, January 14th.

Institutional Investors Weigh In On Arcosa

Institutional investors and hedge funds have recently made changes to their positions in the business. Norges Bank acquired a new position in Arcosa in the fourth quarter valued at approximately $73,178,000. Neuberger Berman Group LLC lifted its position in shares of Arcosa by 21.6% during the 4th quarter. Neuberger Berman Group LLC now owns 3,016,597 shares of the company’s stock valued at $291,831,000 after acquiring an additional 536,349 shares during the period. Capital International Investors boosted its stake in Arcosa by 42.5% during the fourth quarter. Capital International Investors now owns 888,559 shares of the company’s stock worth $85,959,000 after acquiring an additional 265,056 shares in the last quarter. Oberweis Asset Management Inc. acquired a new stake in Arcosa in the fourth quarter worth $19,638,000. Finally, Bank of America Corp DE increased its stake in Arcosa by 197.7% in the fourth quarter. Bank of America Corp DE now owns 282,061 shares of the company’s stock valued at $27,287,000 after purchasing an additional 187,306 shares in the last quarter. Institutional investors own 90.66% of the company’s stock.

Arcosa Trading Up 1.2 %

Shares of ACA traded up $0.95 during trading hours on Tuesday, hitting $78.07. 360,205 shares of the stock were exchanged, compared to its average volume of 263,288. Arcosa has a fifty-two week low of $72.75 and a fifty-two week high of $113.43. The business has a 50-day moving average of $90.50 and a 200-day moving average of $96.07. The firm has a market capitalization of $3.81 billion, a P/E ratio of 29.68 and a beta of 0.81. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.61 and a quick ratio of 2.77.

Arcosa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend is Tuesday, April 15th. Arcosa’s dividend payout ratio is 10.47%.

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.