Nationwide Fund Advisors boosted its position in Dycom Industries Inc. (NYSE:DY) by 3.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 54,676 shares of the company’s stock after buying an additional 2,008 shares during the period. Nationwide Fund Advisors owned approximately 0.17% of Dycom Industries worth $4,908,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Peconic Partners LLC increased its stake in Dycom Industries by 1.0% in the first quarter. Peconic Partners LLC now owns 1,924,997 shares of the company’s stock worth $124,490,000 after buying an additional 20,000 shares during the last quarter. Moody Aldrich Partners LLC increased its stake in Dycom Industries by 187.8% in the second quarter. Moody Aldrich Partners LLC now owns 31,475 shares of the company’s stock worth $2,825,000 after buying an additional 20,540 shares during the last quarter. Stephens Inc. AR purchased a new stake in Dycom Industries during the second quarter worth approximately $3,439,000. Envestnet Asset Management Inc. increased its stake in Dycom Industries by 7.1% in the first quarter. Envestnet Asset Management Inc. now owns 45,792 shares of the company’s stock worth $2,961,000 after buying an additional 3,046 shares during the last quarter. Finally, BlackRock Group LTD increased its stake in Dycom Industries by 7.2% in the first quarter. BlackRock Group LTD now owns 51,782 shares of the company’s stock worth $3,349,000 after buying an additional 3,474 shares during the last quarter.
Shares of Dycom Industries Inc. (NYSE:DY) traded down 0.39% during mid-day trading on Friday, reaching $81.78. 538,587 shares of the company were exchanged. The firm’s 50-day moving average is $83.89 and its 200-day moving average is $80.23. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of 21.02 and a beta of 1.56. Dycom Industries Inc. has a 12 month low of $47.10 and a 12 month high of $98.45.
Dycom Industries (NYSE:DY) last posted its quarterly earnings data on Tuesday, August 23rd. The company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.09. Dycom Industries had a net margin of 4.82% and a return on equity of 27.39%. The firm earned $789.16 million during the quarter, compared to analyst estimates of $770.66 million. During the same quarter last year, the business posted $0.97 EPS. The company’s revenue was up 36.4% on a year-over-year basis. On average, equities analysts forecast that Dycom Industries Inc. will post $5.37 earnings per share for the current fiscal year.
DY has been the subject of a number of research analyst reports. DA Davidson set a $110.00 price objective on Dycom Industries and gave the stock a “buy” rating in a report on Monday, August 22nd. Vetr upgraded Dycom Industries from a “hold” rating to a “strong-buy” rating and set a $110.54 price objective for the company in a report on Thursday, September 8th. FBR & Co upped their price objective on Dycom Industries from $115.00 to $121.00 and gave the stock an “outperform” rating in a report on Thursday, August 25th. Wells Fargo & Co. restated a “buy” rating on shares of Dycom Industries in a report on Sunday, June 5th. Finally, Zacks Investment Research upgraded Dycom Industries from a “hold” rating to a “buy” rating and set a $95.00 price objective for the company in a report on Thursday, August 25th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Dycom Industries presently has a consensus rating of “Buy” and an average target price of $98.57.
In other Dycom Industries news, VP Richard B. Vilsoet sold 28,642 shares of the stock in a transaction that occurred on Friday, July 8th. The shares were sold at an average price of $93.56, for a total value of $2,679,745.52. Following the completion of the sale, the vice president now owns 49,307 shares in the company, valued at approximately $4,613,162.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Timothy R. Estes sold 10,000 shares of the stock in a transaction that occurred on Thursday, July 14th. The stock was sold at an average price of $96.03, for a total transaction of $960,300.00. Following the completion of the sale, the chief operating officer now owns 233,812 shares of the company’s stock, valued at approximately $22,452,966.36. The disclosure for this sale can be found here. 4.96% of the stock is currently owned by corporate insiders.
About Dycom Industries
Dycom Industries, Inc is a provider of specialty contracting services throughout the United States and in Canada. The Company, through its subsidiaries, provides engineering, construction, maintenance and installation services to telecommunications providers, underground facility locating services to various utilities, including telecommunications providers, and other construction and maintenance services to electric and gas utilities.
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