Arcosa, Inc. (NYSE:ACA) Short Interest Update

Arcosa, Inc. (NYSE:ACA) experienced a notable decline in short interest during November. As of November 30th, total short interest amounted to 738,000 shares, marking an 8.1% reduction from 802,800 shares reported on November 15th. Currently, 1.5% of the company’s shares are short. Given the average daily trading volume of 246,700 shares, the short-interest ratio stands at 3.0 days.

Institutional Investors Weigh In On Arcosa

Recent changes among institutional investors in Arcosa have been significant. Harbor Capital Advisors Inc. increased its stake in Arcosa by 152.2% in the third quarter, now holding 195,358 shares valued at $18,512,000 after a purchase of 117,892 shares. In addition, Algert Global LLC entered a new position in Arcosa during the second quarter with a valuation of $8,915,000. Jacobs Levy Equity Management Inc. also bought shares in the third quarter worth about $8,327,000. Likewise, HighTower Advisors LLC raised their holdings in Arcosa by 969.5% in the same period, now owning 72,632 shares valued at $6,812,000 after buying 65,841 additional shares. Lastly, Point72 Asset Management L.P. enhanced its stake by 236.8% during the third quarter, accumulating 92,512 shares valued at $8,766,000 after an additional acquisition of 65,041 shares. Overall, institutional investors and hedge funds now control 90.66% of Arcosa's stock.

Arcosa Stock Performance

The stock opened at $109.14 on Monday, with a market capitalization of $5.32 billion. Arcosa has a P/E ratio of 41.50 and a beta of 0.74. The company’s 50-day moving average is $101.37 while the 200-day moving average is $91.96. In the past year, Arcosa has reached a low of $72.75 and a high of $113.43. Additionally, the firm has a debt-to-equity ratio of 0.51, a quick ratio of 2.77, and a current ratio of 3.61.

Arcosa recently reported its quarterly earnings on October 30th, where it achieved an EPS of $0.91, surpassing analysts’ expectations of $0.78 by $0.13. Revenue for the quarter was $640.40 million, which fell short of the forecasted $682.52 million. The company reported a net margin of 5.17% and a return on equity of 6.64%, with revenue increasing by 8.2% year-over-year compared to the same quarter from the previous year, when EPS was reported at $0.73. Analysts predict Arcosa will report an EPS of 3.37 for the current year.

Arcosa Dividend Announcement

Arcosa has announced a quarterly dividend set to be paid on January 31st. Shareholders recorded on January 15th will receive $0.05 per share, with an ex-dividend date also falling on January 15th. This translates to an annualized dividend of $0.20, resulting in a dividend yield of 0.18%. The current payout ratio for Arcosa is 7.60%.

Analysts Set New Price Targets

In recent analyses, several research firms updated their price targets for Arcosa. Oppenheimer raised its target from $100.00 to $105.00, assigning an "outperform" rating. Meanwhile, Barclays initiated coverage with an "overweight" rating, setting a price target of $106.00.

Arcosa Company Profile

Arcosa, Inc., along with its subsidiaries, provides infrastructure-related products and solutions aimed at construction, engineered structures, and transportation markets across the United States. The company operates through three segments: Construction Products, Engineered Structures, and Transportation Products.

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