Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Dycom Industries, Inc. (NYSE:DY – Get Rating) in the first quarter, HoldingsChannel reports. The fund bought 32,100 shares of the construction company's stock, valued at approximately $3,058,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Tcwp LLC acquired a new position in Dycom Industries during the first quarter valued at approximately $38,000. UMB Bank N A MO acquired a new position in Dycom Industries during the fourth quarter valued at approximately $39,000. Strs Ohio acquired a new position in Dycom Industries during the first quarter valued at approximately $57,000. Counterpoint Mutual Funds LLC lifted its position in Dycom Industries by 228.3% during the first quarter. Counterpoint Mutual Funds LLC now owns 906 shares of the construction company's stock valued at $86,000 after buying an additional 630 shares in the last quarter. Finally, Convergence Investment Partners LLC acquired a new position in Dycom Industries during the first quarter valued at approximately $151,000. 93.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Dycom Industries

In other Dycom Industries news, CEO Steven E. Nielsen sold 18,611 shares of the business's stock in a transaction on Monday, August 29th. The shares were sold at an average price of $113.60, for a total transaction of $2,114,209.60. Following the completion of the sale, the chief executive officer now owns 689,719 shares in the company, valued at $78,352,078.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Steven E. Nielsen sold 69,062 shares of the company's stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $112.75, for a total value of $7,786,740.50. Following the completion of the sale, the chief executive officer now owns 688,778 shares of the company's stock, valued at $77,659,719.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Steven E. Nielsen sold 18,611 shares of the company's stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $113.60, for a total transaction of $2,114,209.60. Following the completion of the sale, the chief executive officer now directly owns 689,719 shares of the company's stock, valued at approximately $78,352,078.40. The disclosure for this sale can be found here. 4.32% of the stock is owned by insiders.

Dycom Industries Stock Down 0.5 %

Dycom Industries (NYSE:DY – Get Rating) last released its earnings results on Wednesday, August 24th. The construction company reported $1.46 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.47. Dycom Industries had a net margin of 2.68% and a return on equity of 11.38%. The firm had revenue of $972.30 million during the quarter, compared to analyst estimates of $932.37 million. During the same quarter in the previous year, the firm earned $0.60 earnings per share. The firm's revenue for the quarter was up 23.5% compared to the same quarter last year. Research analysts predict that Dycom Industries, Inc. will post 3.56 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on DY. Wells Fargo & Company reduced their price target on shares of Dycom Industries from $120.00 to $110.00 in a research report on Wednesday, May 11th. Craig Hallum boosted their target price on shares of Dycom Industries from $121.00 to $133.00 in a research report on Thursday, August 25th. TheStreet raised shares of Dycom Industries from a "c+" rating to a "b" rating in a research report on Friday, May 27th. DA Davidson boosted their target price on shares of Dycom Industries from $125.00 to $145.00 in a research report on Thursday, August 25th. Finally, KeyCorp lifted their price target on shares of Dycom Industries from $115.00 to $130.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 23rd. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $126.33.

Dycom Industries Profile

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Dycom Industries, Inc provides specialty contracting services in the United States. The company offers program management and engineering services; plans and designs aerial, underground, and buried fiber optic, copper, and coaxial cable systems; and construction, maintenance, and installation services, such as placement and splicing of fiber, copper, and coaxial cables to telecommunications providers.

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