American Trust boosted its stake in shares of Dycom Industries, Inc. (NYSE:DY – Get Rating) by 9.0% in the first quarter, HoldingsChannel reports. The institutional investor owned 2,420 shares of the construction company's stock after purchasing an additional 200 shares during the period. American Trust's holdings in Dycom Industries were worth $231,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DY. Alliancebernstein L.P. lifted its holdings in Dycom Industries by 1,195.0% during the 4th quarter. Alliancebernstein L.P. now owns 2,100,234 shares of the construction company's stock valued at $196,918,000 after buying an additional 1,938,052 shares in the last quarter. Shellback Capital LP purchased a new position in Dycom Industries during the 4th quarter valued at about $8,019,000. Principal Financial Group Inc. increased its position in Dycom Industries by 9.3% during the 1st quarter. Principal Financial Group Inc. now owns 846,628 shares of the construction company's stock valued at $80,650,000 after purchasing an additional 71,885 shares during the period. Lisanti Capital Growth LLC purchased a new position in Dycom Industries during the 1st quarter valued at about $4,882,000. Finally, Zeno Research LLC purchased a new position in Dycom Industries during the 4th quarter valued at about $4,501,000. Institutional investors own 93.32% of the company's stock.
Get Dycom Industries alerts:Analyst Ratings Changes
A number of research firms have commented on DY. DA Davidson raised their target price on shares of Dycom Industries from $125.00 to $145.00 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. KeyCorp lifted their price objective on shares of Dycom Industries from $115.00 to $130.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 23rd. Finally, Craig Hallum lifted their price objective on shares of Dycom Industries from $121.00 to $133.00 in a research report on Thursday, August 25th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Dycom Industries currently has a consensus rating of "Buy" and a consensus target price of $126.33.
Dycom Industries Stock Up 1.6 %
NYSE:DY opened at $108.37 on Tuesday. The company has a market cap of $3.19 billion, a PE ratio of 35.19 and a beta of 1.37. Dycom Industries, Inc. has a twelve month low of $64.77 and a twelve month high of $120.45. The company has a current ratio of 3.32, a quick ratio of 3.09 and a debt-to-equity ratio of 1.02. The company's 50 day moving average is $106.80 and its two-hundred day moving average is $96.66.Dycom Industries (NYSE:DY – Get Rating) last announced its quarterly earnings data on Wednesday, August 24th. The construction company reported $1.46 EPS 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 business had revenue of $972.30 million during the quarter, compared to analysts' expectations of $932.37 million. During the same period in the previous year, the business posted $0.60 EPS. The business's quarterly revenue was up 23.5% compared to the same quarter last year. Analysts anticipate that Dycom Industries, Inc. will post 3.68 EPS for the current year.
Insider Buying and Selling at Dycom Industries
In related 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 value of $2,114,209.60. Following the completion of the transaction, the chief executive officer now directly owns 689,719 shares in the company, valued at approximately $78,352,078.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Steven E. Nielsen sold 69,062 shares of the business's stock in a transaction on 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 transaction, the chief executive officer now directly owns 688,778 shares in the company, valued at approximately $77,659,719.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Steven E. Nielsen sold 18,611 shares of the business's stock in a transaction on 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. Company insiders own 4.32% of the company's stock.
Dycom Industries Profile
(Get Rating)
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.
Further Reading
- Get a free copy of the StockNews.com research report on Dycom Industries (DY)
- Oracle's Short-Term Pain Could Be Your Long-Term Gain
- Lucid is Looking Like a Clear EV Winner
- Still Lovin' It: Investors Keep Visiting McDonald's
- Did FedEx Just Deliver A Buying Opportunity?
- Autozone Shifts Back Into Rally-Mode, New Highs Are In Sight
Want to see what other hedge funds are holding DY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dycom Industries, Inc. (NYSE:DY – Get Rating).
Receive News & Ratings for Dycom Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dycom Industries and related companies with MarketBeat.com's FREE daily email newsletter.