Guggenheim Capital LLC lifted its stake in Dycom Industries, Inc. (NYSE:DY) by 166.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 158,055 shares of the construction company’s stock after purchasing an additional 98,640 shares during the period. Guggenheim Capital LLC owned 0.51% of Dycom Industries worth $17,613,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the company. Quantitative Investment Management LLC bought a new position in shares of Dycom Industries in the 4th quarter worth about $6,897,000. Fred Alger Management Inc. bought a new position in shares of Dycom Industries in the 4th quarter worth about $28,076,000. 12th Street Asset Management Company LLC increased its stake in shares of Dycom Industries by 3.6% in the 4th quarter. 12th Street Asset Management Company LLC now owns 365,287 shares of the construction company’s stock worth $40,704,000 after acquiring an additional 12,711 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of Dycom Industries by 15.1% in the 4th quarter. Alliancebernstein L.P. now owns 1,025,193 shares of the construction company’s stock worth $114,237,000 after acquiring an additional 134,410 shares in the last quarter. Finally, Next Century Growth Investors LLC increased its stake in shares of Dycom Industries by 39.7% in the 4th quarter. Next Century Growth Investors LLC now owns 93,137 shares of the construction company’s stock worth $10,378,000 after acquiring an additional 26,482 shares in the last quarter.
Shares of Dycom Industries stock opened at $111.93 on Thursday. The firm has a market cap of $3,419.14, a PE ratio of 23.61, a price-to-earnings-growth ratio of 1.56 and a beta of 1.39. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.86 and a current ratio of 3.16. Dycom Industries, Inc. has a 12 month low of $73.95 and a 12 month high of $123.99.
Dycom Industries (NYSE:DY) last released its quarterly earnings data on Wednesday, February 28th. The construction company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $655.13 million during the quarter, compared to analyst estimates of $655.72 million. Dycom Industries had a net margin of 5.08% and a return on equity of 18.67%. Dycom Industries’s revenue was down 6.6% compared to the same quarter last year. During the same period last year, the business earned $0.82 EPS. equities research analysts predict that Dycom Industries, Inc. will post 5.71 earnings per share for the current year.
Several brokerages recently issued reports on DY. Zacks Investment Research lowered shares of Dycom Industries from a “buy” rating to a “hold” rating in a research note on Thursday, March 15th. B. Riley increased their price target on shares of Dycom Industries from $132.00 to $137.00 and gave the stock a “buy” rating in a research note on Thursday, March 1st. Wells Fargo increased their price target on shares of Dycom Industries from $108.50 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. Craig Hallum reiterated a “buy” rating and issued a $129.00 price target (up from $114.00) on shares of Dycom Industries in a research note on Tuesday, February 13th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $125.00 price target (up from $110.00) on shares of Dycom Industries in a research note on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $122.00.
In other Dycom Industries news, Director Patricia Higgins sold 2,604 shares of the firm’s stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $109.08, for a total transaction of $284,044.32. Following the completion of the sale, the director now directly owns 30,246 shares in the company, valued at approximately $3,299,233.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.35% of the stock is currently owned by company insiders.
TRADEMARK VIOLATION WARNING: “Dycom Industries, Inc. (DY) Shares Bought by Guggenheim Capital LLC” was originally published by The Lincolnian Online and is the property of of The Lincolnian Online. If you are viewing this news story on another site, it was illegally stolen and republished in violation of United States & international trademark and copyright laws. The original version of this news story can be viewed at https://www.thelincolnianonline.com/2018/03/22/dycom-industries-inc-dy-shares-bought-by-guggenheim-capital-llc.html.
About Dycom Industries
Dycom Industries, Inc provides specialty contracting services in the United States and Canada. The company offers various specialty contracting services, including program management, engineering, construction, maintenance, and installation services, such as placement and splicing of fiber, copper, and coaxial cables to telecommunications providers.
Want to see what other hedge funds are holding DY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dycom Industries, Inc. (NYSE:DY).
Receive News & Ratings for Dycom Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dycom Industries and related companies with MarketBeat.com's FREE daily email newsletter.