Arcosa, Inc. (NYSE:ACA) Short Interest Up 33.7% in March

Arcosa, Inc. (NYSE:ACA) was the recipient of a significant increase in short interest in 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 trading volume of 288,000 shares, the days-to-cover ratio is currently 3.2 days. Currently, 1.9% of the company’s stock are short sold.

Analyst Ratings Changes

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

Arcosa Stock Up 1.2 %

Shares of ACA traded up $0.95 on Tuesday, reaching $78.07. The company’s stock had a trading volume of 360,205 shares, compared to its average volume of 263,288. Arcosa has a twelve month low of $72.75 and a twelve month high of $113.43. The stock has a market capitalization of $3.81 billion, a PE ratio of 29.68 and a beta of 0.81. The company has a current ratio of 3.61, a quick ratio of 2.77 and a debt-to-equity ratio of 0.51. The firm has a fifty day moving average of $90.50 and a 200-day moving average of $96.07.

Arcosa Announces Dividend

The business 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 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend is Tuesday, April 15th. Arcosa’s dividend payout ratio (DPR) is presently 10.47%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Proficio Capital Partners LLC purchased a new stake in Arcosa in the 4th quarter valued at $30,000. GAMMA Investing LLC grew its stake in shares of Arcosa by 80.9% in the 4th quarter. GAMMA Investing LLC now owns 331 shares of the company’s stock worth $32,000 after acquiring an additional 148 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in shares of Arcosa in the third quarter valued at about $37,000. Flagship Wealth Advisors LLC bought a new position in shares of Arcosa during the fourth quarter valued at about $52,000. Finally, AlphaQuest LLC boosted its holdings in Arcosa by 12,050.0% during the fourth quarter. AlphaQuest LLC now owns 729 shares of the company’s stock worth $71,000 after purchasing an additional 723 shares during the last quarter. Institutional investors own 90.66% of the company’s stock.

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.