Arcosa, Inc. (NYSE:ACA) Short Interest Up 10.2% in August

Arcosa, Inc. (NYSE:ACA) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 682,700 shares, an increase of 10.2% from the August 15th total of 619,400 shares. Based on an average daily trading volume, of 264,600 shares, the short-interest ratio is currently 2.6 days. Approximately 1.4% of the shares of the stock are short sold.

Analysts Set New Price Targets

Several research analysts have issued reports on ACA shares. Stephens raised Arcosa from an “equal weight” rating to an “overweight” rating and set a $96.00 target price on the stock in a research note on Wednesday, August 7th. Oppenheimer upped their price objective on Arcosa from $100.00 to $105.00 and gave the company an “outperform” rating in a research report on Monday, August 19th.

Arcosa Trading Down 0.9 %

ACA stock traded down $0.85 during mid-day trading on Wednesday, reaching $91.09. The company had a trading volume of 457,565 shares, compared to its average volume of 239,354. The firm has a 50 day moving average of $86.96 and a 200 day moving average of $84.62. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.31 and a quick ratio of 1.36. Arcosa has a 12 month low of $61.98 and a 12 month high of $95.50. The company has a market capitalization of $4.43 billion, a PE ratio of 31.20 and a beta of 0.72.

Arcosa (NYSE:ACA) last announced its quarterly earnings data 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. Arcosa had a return on equity of 6.35% and a net margin of 6.05%. The company had revenue of $664.70 million for the quarter, compared to analysts’ expectations of $661.54 million. During the same quarter in the prior year, the firm earned $0.76 earnings per share. Arcosa’s revenue was up 13.7% compared to the same quarter last year. On average, equities analysts predict that Arcosa will post 3.39 earnings per share for the current fiscal year.

Arcosa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.22%. Arcosa’s payout ratio is currently 6.85%.

Insider Transactions at Arcosa

In related news, Director Steven J. Demetriou acquired 6,000 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were acquired at an average cost of $87.70 per share, for a total transaction of $526,200.00. Following the completion of the transaction, the director now directly owns 9,943 shares in the company, valued at approximately $872,001.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Antonio Carrillo bought 12,125 shares of the stock in a transaction dated Thursday, August 8th. The stock was purchased at an average price of $82.05 per share, for a total transaction of $994,856.25. Following the acquisition, the chief executive officer now owns 406,275 shares of the company’s stock, valued at $33,334,863.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Steven J. Demetriou purchased 6,000 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were purchased at an average cost of $87.70 per share, with a total value of $526,200.00. Following the completion of the purchase, the director now owns 9,943 shares in the company, valued at approximately $872,001.10. The disclosure for this purchase can be found here. Insiders own 1.30% of the company’s stock.

Institutional Trading of Arcosa

A number of hedge funds have recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of Arcosa in the 4th quarter valued at $45,468,000. Boston Partners boosted its stake in Arcosa by 272.6% in the first quarter. Boston Partners now owns 220,961 shares of the company’s stock valued at $18,947,000 after acquiring an additional 161,662 shares in the last quarter. Algert Global LLC purchased a new position in Arcosa in the second quarter worth $8,915,000. Synergy Asset Management LLC acquired a new position in shares of Arcosa during the first quarter worth $5,242,000. Finally, Harbor Capital Advisors Inc. lifted its holdings in shares of Arcosa by 273.4% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 77,466 shares of the company’s stock valued at $6,461,000 after purchasing an additional 56,720 shares during the last quarter. 90.66% of the stock is owned by hedge funds and other institutional investors.

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.