New York State Teachers Retirement System lowered its position in Dycom Industries, Inc. (NYSE:DY - Free Report) by 6.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,463 shares of the construction company's stock after selling 2,500 shares during the quarter. New York State Teachers Retirement System owned approximately 0.13% of Dycom Industries worth $5,707,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of DY. Smartleaf Asset Management LLC lifted its position in shares of Dycom Industries by 209.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 390 shares of the construction company's stock worth $68,000 after buying an additional 264 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Dycom Industries in the first quarter worth about $342,000. Public Employees Retirement System of Ohio lifted its position in shares of Dycom Industries by 105.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 1,114 shares of the construction company's stock worth $194,000 after buying an additional 572 shares during the last quarter. J. Goldman & Co LP lifted its position in shares of Dycom Industries by 25.4% in the fourth quarter. J. Goldman & Co LP now owns 90,253 shares of the construction company's stock worth $15,709,000 after buying an additional 18,289 shares during the last quarter. Finally, Pictet Asset Management Holding SA lifted its position in shares of Dycom Industries by 8.4% in the fourth quarter. Pictet Asset Management Holding SA now owns 4,190 shares of the construction company's stock worth $729,000 after buying an additional 324 shares during the last quarter. Hedge funds and other institutional investors own 98.33% of the company's stock.
Dycom Industries Stock Performance
Shares of NYSE DY traded up $3.17 during trading hours on Friday, hitting $250.36. 209,370 shares of the company's stock were exchanged, compared to its average volume of 423,735. Dycom Industries, Inc. has a 1-year low of $131.37 and a 1-year high of $251.73. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.89 and a quick ratio of 2.68. The stock has a market capitalization of $7.24 billion, a price-to-earnings ratio of 31.73, a PEG ratio of 1.43 and a beta of 1.32. The company's 50-day moving average price is $217.99 and its 200-day moving average price is $185.65.
Dycom Industries (NYSE:DY - Get Free Report) last posted its quarterly earnings results on Wednesday, May 21st. The construction company reported $2.09 EPS for the quarter, beating the consensus estimate of $1.62 by $0.47. The firm had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $1.19 billion. Dycom Industries had a return on equity of 20.04% and a net margin of 4.81%. The company's revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.12 EPS. On average, sell-side analysts expect that Dycom Industries, Inc. will post 7.13 earnings per share for the current fiscal year.
Analyst Ratings Changes
DY has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price target on Dycom Industries from $215.00 to $250.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 27th. UBS Group boosted their price target on Dycom Industries from $234.00 to $258.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Raymond James Financial boosted their price target on Dycom Industries from $215.00 to $255.00 and gave the stock a "strong-buy" rating in a research report on Thursday, May 22nd. B. Riley boosted their price target on Dycom Industries from $200.00 to $265.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Finally, KeyCorp cut their price objective on Dycom Industries from $201.00 to $183.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $241.25.
Check Out Our Latest Analysis on DY
Dycom Industries Profile
(
Free Report)
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.
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