Schechter Investment Advisors LLC Sells 1,360 Shares of Dycom Industries, Inc. (NYSE:DY)

Schechter Investment Advisors LLC cut its holdings in Dycom Industries, Inc. (NYSE:DY - Free Report) by 15.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 7,181 shares of the construction company's stock after selling 1,360 shares during the period. Schechter Investment Advisors LLC's holdings in Dycom Industries were worth $1,094,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in DY. Amundi grew its stake in shares of Dycom Industries by 190.9% in the fourth quarter. Amundi now owns 14,899 shares of the construction company's stock worth $2,667,000 after purchasing an additional 9,777 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Dycom Industries by 20.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,183 shares of the construction company's stock valued at $1,424,000 after purchasing an additional 1,394 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Dycom Industries by 26.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 341 shares of the construction company's stock worth $59,000 after buying an additional 71 shares in the last quarter. Swiss National Bank grew its position in Dycom Industries by 0.7% in the fourth quarter. Swiss National Bank now owns 57,200 shares of the construction company's stock worth $9,956,000 after buying an additional 400 shares during the last quarter. Finally, Corient Private Wealth LLC grew its position in Dycom Industries by 0.8% in the fourth quarter. Corient Private Wealth LLC now owns 7,015 shares of the construction company's stock worth $1,221,000 after buying an additional 55 shares during the last quarter. 98.33% of the stock is owned by institutional investors.

Dycom Industries Stock Up 0.7%

Dycom Industries stock traded up $1.69 during mid-day trading on Monday, hitting $254.09. The company's stock had a trading volume of 122,732 shares, compared to its average volume of 457,026. The firm's 50 day moving average is $226.01 and its 200 day moving average is $188.41. The company has a market cap of $7.35 billion, a PE ratio of 32.20, a price-to-earnings-growth ratio of 1.44 and a beta of 1.32. 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 52-week low of $131.37 and a 52-week high of $255.65.

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

Analyst Ratings Changes

DY has been the subject of a number of recent research reports. DA Davidson increased their price objective on Dycom Industries from $220.00 to $265.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. Raymond James Financial boosted their target price 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. KeyCorp decreased their price target 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. Wells Fargo & Company lifted their price target on Dycom Industries from $215.00 to $250.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 27th. Finally, Wall Street Zen raised shares of Dycom Industries from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $245.00.

About Dycom Industries

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.