Short Interest in Arcosa, Inc. (NYSE:ACA) Declines By 13.8%

Arcosa, Inc. (NYSE:ACA) saw a significant drop in short interest in January. As of January 30th, there was short interest totaling 769,642 shares, a drop of 13.8% from the January 15th total of 893,237 shares. Based on an average trading volume of 204,105 shares, the days-to-cover ratio is currently 3.8 days. Currently, 1.6% of the company’s stock are sold short. Currently, 1.6% of the company’s stock are sold short. Based on an average trading volume of 204,105 shares, the days-to-cover ratio is currently 3.8 days.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Arcosa in a report on Monday, December 29th. Wall Street Zen cut shares of Arcosa from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Finally, Barclays lifted their target price on Arcosa from $106.00 to $115.00 and gave the stock an “overweight” rating in a research report on Monday, November 3rd. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $117.50.

Arcosa Stock Down 2.0%

Shares of ACA stock traded down $2.56 during trading hours on Wednesday, hitting $122.58. 84,638 shares of the company were exchanged, compared to its average volume of 206,382. The stock has a market capitalization of $6.01 billion, a price-to-earnings ratio of 40.63, a P/E/G ratio of 1.72 and a beta of 1.00. Arcosa has a one year low of $68.11 and a one year high of $131.00. The business’s 50-day simple moving average is $114.38 and its two-hundred day simple moving average is $103.08. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.30 and a current ratio of 2.02.

Arcosa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Thursday, January 15th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Thursday, January 15th. Arcosa’s payout ratio is 6.62%.

Hedge Funds Weigh In On Arcosa

A number of hedge funds have recently added to or reduced their stakes in ACA. Franklin Resources Inc. grew its position in Arcosa by 2,770.5% in the 4th quarter. Franklin Resources Inc. now owns 736,018 shares of the company’s stock worth $78,253,000 after purchasing an additional 710,377 shares during the last quarter. Norges Bank bought a new stake in shares of Arcosa during the fourth quarter valued at approximately $68,225,000. Capital International Investors boosted its position in shares of Arcosa by 28.3% during the third quarter. Capital International Investors now owns 2,228,275 shares of the company’s stock worth $208,812,000 after buying an additional 491,165 shares during the period. Vaughan Nelson Investment Management L.P. bought a new position in Arcosa in the 3rd quarter worth approximately $37,035,000. Finally, Bank of America Corp DE grew its holdings in Arcosa by 80.5% in the 2nd quarter. Bank of America Corp DE now owns 465,140 shares of the company’s stock worth $40,332,000 after buying an additional 207,457 shares in the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

About Arcosa

Arcosa, Inc (NYSE: ACA) is a Dallas‐based industrial company that was formed through the spin‐off of Trinity Industries’ construction products business in 2018. Since its inception, Arcosa has focused on the manufacture and sale of critical infrastructure components, serving a diverse set of end markets including transportation, construction and energy.

The company’s Construction Products segment produces a broad range of highway safety products, such as guardrail systems, sign supports and crash cushions, as well as aggregates and ready‐mix concrete.