Arcosa, Inc. (NYSE:ACA) Short Interest Up 5.7% in September

Arcosa, Inc. (NYSE:ACA) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totalling 637,700 shares, a growth of 5.7% from the September 15th total of 603,400 shares. Approximately 1.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 270,400 shares, the days-to-cover ratio is presently 2.4 days.

Arcosa Stock Up 2.1 %

Shares of ACA opened at $96.52 on Thursday. Arcosa has a 52 week low of $61.98 and a 52 week high of $97.65. The stock has a market capitalization of $4.69 billion, a price-to-earnings ratio of 33.05 and a beta of 0.71. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.36 and a current ratio of 2.31. The stock has a fifty day moving average of $89.30 and a 200-day moving average of $85.99.

Arcosa (NYSE:ACA) last announced its earnings results on Thursday, August 1st. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.08. The business had revenue of $664.70 million during the quarter, compared to analyst estimates of $661.54 million. Arcosa had a return on equity of 6.35% and a net margin of 6.05%. Arcosa’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period last year, the company earned $0.76 EPS. As a group, sell-side analysts anticipate that Arcosa will post 3.39 earnings per share for the current fiscal year.

Arcosa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.21%. The ex-dividend date of this dividend is Tuesday, October 15th. Arcosa’s dividend payout ratio is currently 6.85%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ACA shares. Stephens upgraded Arcosa from an “equal weight” rating to an “overweight” rating and set a $96.00 target price for the company in a research note on Wednesday, August 7th. Oppenheimer increased their price target on Arcosa from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Monday, August 19th.

Insider Buying and Selling

In related news, CEO Antonio Carrillo purchased 12,125 shares of Arcosa stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average price of $82.05 per share, with a total value of $994,856.25. Following the completion of the transaction, the chief executive officer now directly owns 406,275 shares of the company’s stock, valued at $33,334,863.75. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Arcosa news, CEO Antonio Carrillo bought 12,125 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was purchased at an average cost of $82.05 per share, for a total transaction of $994,856.25. Following the completion of the purchase, the chief executive officer now directly owns 406,275 shares of the company’s stock, valued at approximately $33,334,863.75. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Steven J. Demetriou bought 6,000 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were acquired at an average price of $87.70 per share, with a total value of $526,200.00. Following the completion of the purchase, the director now directly owns 9,943 shares of the company’s stock, valued at approximately $872,001.10. The trade was a 100.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Arcosa by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 5,549,618 shares of the company’s stock worth $458,620,000 after purchasing an additional 32,164 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Arcosa by 1.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 553,157 shares of the company’s stock worth $46,139,000 after acquiring an additional 6,673 shares during the period. Bank of New York Mellon Corp grew its holdings in Arcosa by 2.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 456,066 shares of the company’s stock worth $38,040,000 after acquiring an additional 9,602 shares during the period. Russell Investments Group Ltd. grew its holdings in Arcosa by 6.9% during the 1st quarter. Russell Investments Group Ltd. now owns 294,928 shares of the company’s stock worth $25,323,000 after acquiring an additional 18,967 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in Arcosa by 1.9% during the 1st quarter. Principal Financial Group Inc. now owns 268,673 shares of the company’s stock worth $23,068,000 after acquiring an additional 5,098 shares during the period. 90.66% of the stock is owned by institutional investors.

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.