International Assets Investment Management LLC bought a new position in shares of Dycom Industries, Inc. (NYSE:DY - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 57,545 shares of the construction company's stock, valued at approximately $6,623,000. International Assets Investment Management LLC owned approximately 0.20% of Dycom Industries as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in DY. Rockefeller Capital Management L.P. lifted its holdings in Dycom Industries by 114.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 490 shares of the construction company's stock worth $45,000 after buying an additional 261 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Dycom Industries by 15.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 974 shares of the construction company's stock valued at $87,000 after purchasing an additional 132 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of Dycom Industries by 43.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 996 shares of the construction company's stock valued at $113,000 after purchasing an additional 302 shares during the last quarter. SkyView Investment Advisors LLC purchased a new stake in shares of Dycom Industries in the 1st quarter valued at approximately $173,000. Finally, Captrust Financial Advisors increased its position in shares of Dycom Industries by 61.8% in the 1st quarter. Captrust Financial Advisors now owns 1,974 shares of the construction company's stock valued at $188,000 after purchasing an additional 754 shares during the last quarter. 98.33% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
DY has been the topic of a number of recent analyst reports. KeyCorp increased their price objective on shares of Dycom Industries from $136.00 to $149.00 and gave the company an "overweight" rating in a research report on Thursday, February 29th. B. Riley raised shares of Dycom Industries from a "neutral" rating to a "buy" rating and increased their price objective for the company from $101.00 to $172.00 in a research report on Friday, March 8th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $135.50.
View Our Latest Analysis on DY
Dycom Industries Stock Performance
Shares of DY stock traded down $1.98 during trading hours on Monday, hitting $135.80. The stock had a trading volume of 170,577 shares, compared to its average volume of 259,358. The stock's 50 day moving average is $131.78 and its 200 day moving average is $111.44. The firm has a market capitalization of $3.95 billion, a PE ratio of 18.43, a PEG ratio of 0.81 and a beta of 1.38. Dycom Industries, Inc. has a twelve month low of $78.42 and a twelve month high of $146.32. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.06 and a quick ratio of 2.85.
Dycom Industries (NYSE:DY - Get Free Report) last issued its quarterly earnings results on Wednesday, February 28th. The construction company reported $0.79 earnings per share for the quarter, missing analysts' consensus estimates of $0.94 by ($0.15). Dycom Industries had a return on equity of 22.06% and a net margin of 5.24%. The business had revenue of $952.50 million for the quarter, compared to analyst estimates of $968.87 million. During the same quarter in the prior year, the company earned $0.83 EPS. The firm's revenue for the quarter was up 3.8% on a year-over-year basis. As a group, research analysts forecast that Dycom Industries, Inc. will post 7.13 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, VP Jason T. Lawson sold 220 shares of the business's stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $140.27, for a total value of $30,859.40. Following the transaction, the vice president now owns 7,793 shares of the company's stock, valued at $1,093,124.11. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 4.32% of the company's stock.
Dycom Industries Profile
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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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