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

Schechter Investment Advisors LLC lowered its position in shares of Dycom Industries, Inc. (NYSE:DY - Free Report) by 15.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,181 shares of the construction company's stock after selling 1,360 shares during the quarter. Schechter Investment Advisors LLC's holdings in Dycom Industries were worth $1,094,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in DY. Versant Capital Management Inc acquired a new position in Dycom Industries during the 1st quarter valued at about $28,000. EverSource Wealth Advisors LLC boosted its position in Dycom Industries by 26.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 341 shares of the construction company's stock worth $59,000 after acquiring an additional 71 shares during the last quarter. GeoWealth Management LLC boosted its position in Dycom Industries by 35.9% during the 4th quarter. GeoWealth Management LLC now owns 348 shares of the construction company's stock worth $61,000 after acquiring an additional 92 shares during the last quarter. Anchor Investment Management LLC boosted its position in Dycom Industries by 37.5% during the 4th quarter. Anchor Investment Management LLC now owns 367 shares of the construction company's stock worth $64,000 after acquiring an additional 100 shares during the last quarter. Finally, Federated Hermes Inc. grew its stake in shares of Dycom Industries by 107.0% in the fourth quarter. Federated Hermes Inc. now owns 387 shares of the construction company's stock valued at $67,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 98.33% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Raymond James Financial raised their price target on Dycom Industries from $215.00 to $255.00 and gave the company a "strong-buy" rating in a report on Thursday, May 22nd. Wells Fargo & Company lifted their target price on Dycom Industries from $215.00 to $250.00 and gave the stock an "overweight" rating in a report on Tuesday, May 27th. B. Riley raised 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. KeyCorp raised their price target on Dycom Industries from $255.00 to $295.00 and gave the stock an "overweight" rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. lifted their target price on Dycom Industries from $200.00 to $250.00 and gave the company an "overweight" rating in a research report on Thursday, May 22nd. Eight investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Dycom Industries presently has a consensus rating of "Buy" and a consensus target price of $259.00.

Dycom Industries Trading Up 1.5%

DY traded up $3.76 during trading on Thursday, hitting $256.58. The company's stock had a trading volume of 234,866 shares, compared to its average volume of 424,376. Dycom Industries, Inc. has a twelve month low of $131.37 and a twelve month high of $257.35. The company has a quick ratio of 2.68, a current ratio of 2.89 and a debt-to-equity ratio of 0.80. The stock's fifty day moving average price is $231.57 and its 200-day moving average price is $190.39. The firm has a market capitalization of $7.42 billion, a P/E ratio of 32.52, a PEG ratio of 1.44 and a beta of 1.32.

Dycom Industries (NYSE:DY - Get Free Report) last released its quarterly earnings data 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 the consensus estimate 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 previous year, the company posted $2.12 earnings per share. Analysts anticipate that Dycom Industries, Inc. will post 7.13 EPS for the current year.

Dycom Industries Company 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.