Applied Fundamental Research LLC trimmed its stake in Dycom Industries, Inc. (NYSE:DY – Get Rating) by 25.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 219,071 shares of the construction company's stock after selling 74,513 shares during the quarter. Dycom Industries comprises about 9.4% of Applied Fundamental Research LLC's holdings, making the stock its 6th biggest position. Applied Fundamental Research LLC's holdings in Dycom Industries were worth $20,869,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Kestra Advisory Services LLC grew its holdings in Dycom Industries by 5.1% in the first quarter. Kestra Advisory Services LLC now owns 2,582 shares of the construction company's stock worth $246,000 after purchasing an additional 125 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Dycom Industries by 44.7% in the first quarter. Victory Capital Management Inc. now owns 9,667 shares of the construction company's stock valued at $821,000 after buying an additional 2,985 shares in the last quarter. Lisanti Capital Growth LLC bought a new position in shares of Dycom Industries in the first quarter valued at $4,882,000. Campbell Newman Asset Management Inc. lifted its stake in shares of Dycom Industries by 1.9% in the first quarter. Campbell Newman Asset Management Inc. now owns 12,339 shares of the construction company's stock valued at $1,175,000 after buying an additional 236 shares in the last quarter. Finally, SummerHaven Investment Management LLC lifted its stake in shares of Dycom Industries by 4.5% in the first quarter. SummerHaven Investment Management LLC now owns 12,730 shares of the construction company's stock valued at $1,213,000 after buying an additional 551 shares in the last quarter. 93.32% of the stock is currently owned by institutional investors and hedge funds.
Get Dycom Industries alerts:Analysts Set New Price Targets
Several analysts have commented on DY shares. Wells Fargo & Company lowered their price objective on shares of Dycom Industries from $120.00 to $110.00 in a research report on Wednesday, May 11th. DA Davidson boosted their price objective on shares of Dycom Industries from $125.00 to $145.00 in a research note on Thursday, August 25th. KeyCorp raised their price objective on shares of Dycom Industries from $115.00 to $130.00 and gave the company an "overweight" rating in a research report on Tuesday, August 23rd. Craig Hallum boosted their price target on shares of Dycom Industries from $121.00 to $133.00 in a research note on Thursday, August 25th. Finally, TheStreet raised shares of Dycom Industries from a "c+" rating to a "b" rating in a research note on Friday, May 27th. Seven analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $126.33.
Insiders Place Their Bets
In related news, CEO Steven E. Nielsen sold 18,611 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 689,719 shares in the company, valued at $78,352,078.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Dycom Industries news, CEO Steven E. Nielsen sold 18,611 shares of the stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $113.60, for a total value of $2,114,209.60. Following the transaction, the chief executive officer now directly owns 689,719 shares in the company, valued at $78,352,078.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Steven E. Nielsen sold 69,062 shares of the stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $112.75, for a total transaction of $7,786,740.50. Following the completion of the transaction, the chief executive officer now owns 688,778 shares in the company, valued at $77,659,719.50. The disclosure for this sale can be found here. Corporate insiders own 4.32% of the company's stock.Dycom Industries Trading Down 0.5 %
Shares of NYSE DY traded down $0.59 during midday trading on Friday, hitting $109.98. 310,170 shares of the company traded hands, compared to its average volume of 259,797. Dycom Industries, Inc. has a 12-month low of $64.77 and a 12-month high of $120.45. The company has a debt-to-equity ratio of 1.02, a quick ratio of 3.09 and a current ratio of 3.32. The stock has a 50-day moving average price of $102.53 and a 200 day moving average price of $94.82. The firm has a market cap of $3.24 billion, a P/E ratio of 35.71 and a beta of 1.43.
Dycom Industries (NYSE:DY – Get Rating) last announced its quarterly earnings results on Wednesday, August 24th. The construction company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.47. The company had revenue of $972.30 million for the quarter, compared to analysts' expectations of $932.37 million. Dycom Industries had a net margin of 2.68% and a return on equity of 11.38%. Dycom Industries's quarterly revenue was up 23.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.60 earnings per share. As a group, analysts expect that Dycom Industries, Inc. will post 3.56 earnings per share for the current year.
About Dycom Industries
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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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