International Assets Investment Management LLC bought a new stake in Dycom Industries, Inc. (NYSE:DY - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in DY. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Dycom Industries by 15.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,592 shares of the construction company's stock worth $765,000 after buying an additional 1,118 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Dycom Industries by 8.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 167,829 shares of the construction company's stock worth $14,937,000 after buying an additional 13,395 shares during the last quarter. Inspire Advisors LLC acquired a new stake in shares of Dycom Industries during the 3rd quarter worth about $620,000. TD Asset Management Inc lifted its stake in shares of Dycom Industries by 90.9% during the 3rd quarter. TD Asset Management Inc now owns 6,300 shares of the construction company's stock worth $561,000 after buying an additional 3,000 shares during the last quarter. Finally, Assetmark Inc. lifted its stake in shares of Dycom Industries by 20.0% during the 3rd quarter. Assetmark Inc. now owns 2,510 shares of the construction company's stock worth $223,000 after buying an additional 418 shares during the last quarter. Institutional investors own 98.33% of the company's stock.
Dycom Industries Price Performance
Shares of Dycom Industries stock traded up $0.89 during trading on Wednesday, reaching $148.21. 94,165 shares of the company's stock were exchanged, compared to its average volume of 245,516. The firm's 50-day moving average price is $139.59 and its 200 day moving average price is $117.83. The company has a market cap of $4.31 billion, a P/E ratio of 20.11, a PEG ratio of 1.88 and a beta of 1.37. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.85 and a current ratio of 3.06. Dycom Industries, Inc. has a 1-year low of $78.42 and a 1-year high of $148.87.
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 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 period in the previous year, the firm posted $0.83 EPS. The firm's revenue was up 3.8% compared to the same quarter last year. As a group, research analysts anticipate that Dycom Industries, Inc. will post 7.14 earnings per share for the current year.
Insider Buying and Selling
In other news, VP Jason T. Lawson sold 220 shares of the firm's stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $140.27, for a total transaction of $30,859.40. Following the completion of the transaction, the vice president now directly owns 7,793 shares in the company, valued at $1,093,124.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.28% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
A number of research firms have commented on DY. KeyCorp raised their price objective on 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 Dycom Industries from a "neutral" rating to a "buy" rating and boosted their price target for the company 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 issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Dycom Industries currently has a consensus rating of "Buy" and a consensus price target of $135.50.
Check Out Our Latest Stock Report on DY
About Dycom Industries
(
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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