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.
Get Dycom Industries alerts: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 %
DY stock opened at $109.98 on Monday. The company has a debt-to-equity ratio of 1.02, a current ratio of 3.32 and a quick ratio of 3.09. Dycom Industries, Inc. has a 1-year low of $64.77 and a 1-year high of $120.45. The firm has a fifty day moving average price of $102.53 and a two-hundred day moving average price of $94.82. The firm has a market cap of $3.24 billion, a price-to-earnings ratio of 35.71 and a beta of 1.43.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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