Arcosa Inc (NYSE:ACA) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 1,270,000 shares, a growth of 25.7% from the December 15th total of 1,010,000 shares. Currently, 2.7% of the company’s stock are short sold. Based on an average daily trading volume, of 371,000 shares, the days-to-cover ratio is presently 3.4 days.

Large investors have recently added to or reduced their stakes in the company. Usca Ria LLC acquired a new position in shares of Arcosa in the third quarter valued at approximately $26,000. Evoke Wealth LLC acquired a new position in shares of Arcosa in the third quarter valued at approximately $45,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Arcosa by 22.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,859 shares of the company’s stock valued at $98,000 after purchasing an additional 519 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of Arcosa by 26.1% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,230 shares of the company’s stock valued at $130,000 after purchasing an additional 668 shares during the period. Finally, Macquarie Group Ltd. acquired a new position in shares of Arcosa in the second quarter valued at approximately $139,000. 81.57% of the stock is currently owned by institutional investors and hedge funds.

NYSE ACA traded down $0.42 on Tuesday, reaching $45.46. The stock had a trading volume of 543 shares, compared to its average volume of 358,618. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.65 and a current ratio of 3.01. Arcosa has a 12-month low of $28.18 and a 12-month high of $46.33. The business’s 50-day moving average price is $43.09 and its 200 day moving average price is $37.19. The stock has a market cap of $2.20 billion, a P/E ratio of 25.00, a price-to-earnings-growth ratio of 1.39 and a beta of 0.45.

Arcosa (NYSE:ACA) last released its earnings results on Wednesday, October 30th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.14. The business had revenue of $445.00 million for the quarter, compared to analyst estimates of $468.30 million. Arcosa had a return on equity of 6.60% and a net margin of 7.20%. The company’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 earnings per share. On average, sell-side analysts predict that Arcosa will post 2.28 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date is Tuesday, January 14th. Arcosa’s payout ratio is currently 10.99%.

Several equities analysts have recently issued reports on ACA shares. ValuEngine cut Arcosa from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. Zacks Investment Research upgraded Arcosa from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research note on Monday, December 16th. Finally, Sidoti boosted their target price on Arcosa from $47.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $42.19.

About Arcosa

Arcosa, Inc manufactures and sells infrastructure-related products and services for the construction, energy, and transportation markets. It operates through three segments: Construction Products Group, Energy Equipment Group, and Transportation Products Group. The Construction Products Group segment offers lightweight and natural construction aggregates, and trench shields and shoring products that are used in construction landscape, including commercial, industrial, road and bridge, and underground construction.

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