Montag A & Associates Inc. Sells 25,838 Shares of Dycom Industries, Inc. (NYSE:DY)

Montag A & Associates Inc. reduced its position in shares of Dycom Industries, Inc. (NYSE:DY - Free Report) by 99.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 180 shares of the construction company's stock after selling 25,838 shares during the quarter. Montag A & Associates Inc.'s holdings in Dycom Industries were worth $27,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Corient Private Wealth LLC boosted its position in Dycom Industries by 0.8% during the fourth quarter. Corient Private Wealth LLC now owns 7,015 shares of the construction company's stock worth $1,221,000 after purchasing an additional 55 shares during the period. Cibc World Markets Corp acquired a new position in Dycom Industries in the 4th quarter valued at about $462,000. Xponance Inc. raised its holdings in Dycom Industries by 8.8% in the 4th quarter. Xponance Inc. now owns 2,047 shares of the construction company's stock valued at $356,000 after acquiring an additional 166 shares during the period. American Century Companies Inc. lifted its position in Dycom Industries by 108.1% during the fourth quarter. American Century Companies Inc. now owns 35,575 shares of the construction company's stock worth $6,192,000 after acquiring an additional 18,476 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Dycom Industries during the fourth quarter worth approximately $1,079,000. 98.33% of the stock is owned by institutional investors.

Dycom Industries Stock Down 0.1%

Shares of DY stock traded down $0.31 on Friday, reaching $262.10. 48,422 shares of the company were exchanged, compared to its average volume of 443,225. The company has a market cap of $7.58 billion, a price-to-earnings ratio of 33.22, a PEG ratio of 1.49 and a beta of 1.32. The company has a 50-day moving average of $238.14 and a 200-day moving average of $193.16. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.89 and a quick ratio of 2.68. Dycom Industries, Inc. has a one year low of $131.37 and a one year high of $267.33.

Dycom Industries (NYSE:DY - Get Free Report) last announced its quarterly earnings results on Wednesday, May 21st. The construction company reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.47. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.19 billion. Dycom Industries had a return on equity of 20.04% and a net margin of 4.81%. The company's quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.12 earnings per share. Analysts anticipate that Dycom Industries, Inc. will post 7.13 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on DY. Wells Fargo & Company boosted their price target on Dycom Industries from $215.00 to $250.00 and gave the company an "overweight" rating in a research note on Tuesday, May 27th. DA Davidson raised their price target on shares of Dycom Industries from $220.00 to $265.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Raymond James Financial boosted their price objective on shares of Dycom Industries from $215.00 to $255.00 and gave the company a "strong-buy" rating in a report on Thursday, May 22nd. B. Riley increased their target price on shares of Dycom Industries from $200.00 to $265.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. Finally, KeyCorp boosted their target price on shares of Dycom Industries from $255.00 to $295.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Dycom Industries currently has a consensus rating of "Buy" and a consensus price target of $259.00.

Dycom Industries Profile

Dycom Industries, Inc provides specialty contracting services to the telecommunications infrastructure and utility industries in the United States. The company offers engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems; wireless networks in connection with the deployment of macro cell and new small cell sites; and program and project management and inspection personnel.