Arcosa, Inc. (NYSE:ACA) Short Interest Up 9.3% in March

Arcosa, Inc. (NYSE:ACA - Get Free Report) was the recipient of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 569,900 shares, an increase of 9.3% from the February 29th total of 521,300 shares. Based on an average trading volume of 209,800 shares, the days-to-cover ratio is presently 2.7 days. Currently, 1.2% of the shares of the company are sold short.

Institutional Investors Weigh In On Arcosa

Several large investors have recently modified their holdings of ACA. HighTower Advisors LLC lifted its holdings in shares of Arcosa by 8.1% in the first quarter. HighTower Advisors LLC now owns 6,582 shares of the company's stock valued at $380,000 after purchasing an additional 496 shares in the last quarter. Citigroup Inc. lifted its holdings in shares of Arcosa by 7.7% in the first quarter. Citigroup Inc. now owns 54,291 shares of the company's stock valued at $3,108,000 after purchasing an additional 3,866 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in shares of Arcosa by 56.1% in the first quarter. MetLife Investment Management LLC now owns 25,981 shares of the company's stock valued at $1,487,000 after purchasing an additional 9,338 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Arcosa by 1.1% in the first quarter. Rhumbline Advisers now owns 143,380 shares of the company's stock valued at $8,209,000 after purchasing an additional 1,576 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Arcosa by 14.1% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 41,665 shares of the company's stock valued at $2,385,000 after purchasing an additional 5,137 shares in the last quarter. 90.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ACA has been the subject of a number of research reports. DA Davidson increased their price target on Arcosa from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Wednesday, February 28th. Oppenheimer increased their price target on Arcosa from $85.00 to $90.00 and gave the company an "outperform" rating in a research note on Friday, February 23rd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Arcosa presently has a consensus rating of "Moderate Buy" and a consensus target price of $90.00.

Arcosa Price Performance

NYSE ACA traded down $1.07 on Tuesday, reaching $83.12. 241,899 shares of the stock traded hands, compared to its average volume of 209,911. The company has a market cap of $4.04 billion, a price-to-earnings ratio of 25.51 and a beta of 0.66. The company has a quick ratio of 1.18, a current ratio of 2.12 and a debt-to-equity ratio of 0.24. The firm's fifty day simple moving average is $82.26 and its 200 day simple moving average is $77.28. Arcosa has a 12 month low of $57.56 and a 12 month high of $89.07.

Arcosa (NYSE:ACA - Get Free Report) last released its quarterly earnings data on Friday, February 23rd. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.35. The business had revenue of $582.20 million during the quarter, compared to analyst estimates of $554.54 million. Arcosa had a return on equity of 6.90% and a net margin of 6.90%. The company's revenue was up 16.4% compared to the same quarter last year. During the same period last year, the company posted $0.24 EPS. As a group, research analysts predict that Arcosa will post 3.38 EPS for the current fiscal year.

Arcosa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.24%. The ex-dividend date of this dividend is Friday, April 12th. Arcosa's dividend payout ratio is presently 6.13%.

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.