Callahan Advisors LLC Purchases 8,277 Shares of Dycom Industries, Inc. (NYSE:DY)

Callahan Advisors LLC raised its position in Dycom Industries, Inc. (NYSE:DY - Free Report) by 57.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,657 shares of the construction company's stock after buying an additional 8,277 shares during the period. Callahan Advisors LLC owned 0.08% of Dycom Industries worth $2,608,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DY. JPMorgan Chase & Co. boosted its position in Dycom Industries by 6.4% in the first quarter. JPMorgan Chase & Co. now owns 49,555 shares of the construction company's stock valued at $4,721,000 after buying an additional 2,993 shares in the last quarter. Raymond James & Associates boosted its position in Dycom Industries by 86.3% in the first quarter. Raymond James & Associates now owns 7,429 shares of the construction company's stock valued at $708,000 after buying an additional 3,441 shares in the last quarter. MetLife Investment Management LLC boosted its position in Dycom Industries by 40.0% in the first quarter. MetLife Investment Management LLC now owns 34,082 shares of the construction company's stock valued at $3,247,000 after buying an additional 9,731 shares in the last quarter. Panagora Asset Management Inc. acquired a new position in Dycom Industries in the first quarter valued at about $210,000. Finally, Rhumbline Advisers boosted its position in Dycom Industries by 1.3% in the first quarter. Rhumbline Advisers now owns 87,563 shares of the construction company's stock valued at $8,341,000 after buying an additional 1,159 shares in the last quarter. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Jason T. Lawson sold 220 shares of the company's stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $140.27, for a total value of $30,859.40. Following the completion of the transaction, the vice president now owns 7,793 shares in the company, valued at $1,093,124.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 4.25% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DY. KeyCorp boosted their target price on shares of Dycom Industries from $136.00 to $149.00 and gave the stock an "overweight" rating in a research note on Thursday, February 29th. B. Riley raised shares of Dycom Industries from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $101.00 to $172.00 in a research note on Friday, March 8th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Dycom Industries presently has an average rating of "Buy" and an average price target of $135.50.

Dycom Industries Trading Up 2.1 %

NYSE:DY traded up $2.86 during trading hours on Friday, hitting $142.32. The stock had a trading volume of 226,226 shares, compared to its average volume of 263,866. Dycom Industries, Inc. has a one year low of $78.42 and a one year high of $146.32. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.85 and a current ratio of 3.06. The company has a market cap of $4.14 billion, a price-to-earnings ratio of 19.31, a P/E/G ratio of 0.84 and a beta of 1.38. The business's 50 day moving average is $128.78 and its 200-day moving average is $109.39.

Dycom Industries (NYSE:DY - Get Free Report) last issued its earnings results on Wednesday, February 28th. The construction company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.15). Dycom Industries had a net margin of 5.24% and a return on equity of 22.06%. The firm had revenue of $952.50 million during the quarter, compared to the consensus estimate of $968.87 million. During the same period in the previous year, the company posted $0.83 EPS. The firm's revenue for the quarter was up 3.8% on a year-over-year basis. Sell-side analysts anticipate that Dycom Industries, Inc. will post 7.13 EPS for the current fiscal year.

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.