Thompson Siegel & Walmsley LLC cut its stake in shares of Dycom Industries, Inc. (NYSE:DY) by 5.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 170,584 shares of the construction company’s stock after selling 10,148 shares during the quarter. Thompson Siegel & Walmsley LLC owned about 0.55% of Dycom Industries worth $18,360,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. DekaBank Deutsche Girozentrale bought a new position in shares of Dycom Industries during the first quarter valued at $114,000. First Personal Financial Services increased its holdings in shares of Dycom Industries by 214.3% during the fourth quarter. First Personal Financial Services now owns 1,075 shares of the construction company’s stock valued at $120,000 after acquiring an additional 733 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Dycom Industries by 55.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,529 shares of the construction company’s stock valued at $170,000 after acquiring an additional 545 shares in the last quarter. Howe & Rusling Inc. boosted its position in shares of Dycom Industries by 3,671.1% during the fourth quarter. Howe & Rusling Inc. now owns 1,697 shares of the construction company’s stock valued at $189,000 after buying an additional 1,652 shares during the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new stake in shares of Dycom Industries during the fourth quarter valued at $214,000.
Several equities research analysts recently commented on the company. Zacks Investment Research raised Dycom Industries from a “hold” rating to a “buy” rating and set a $116.00 price objective on the stock in a research report on Tuesday, May 1st. Craig Hallum reaffirmed a “buy” rating and set a $129.00 price objective (up from $114.00) on shares of Dycom Industries in a research report on Tuesday, February 13th. Canaccord Genuity reaffirmed a “buy” rating and set a $125.00 price objective (up from $110.00) on shares of Dycom Industries in a research report on Tuesday, February 13th. B. Riley dropped their price objective on Dycom Industries from $135.00 to $132.00 and set a “buy” rating on the stock in a research report on Tuesday, February 13th. Finally, KeyCorp increased their price objective on Dycom Industries from $118.00 to $123.00 and gave the company an “overweight” rating in a research report on Friday, February 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the company’s stock. Dycom Industries has a consensus rating of “Buy” and a consensus target price of $121.45.
Shares of Dycom Industries opened at $112.99 on Thursday, MarketBeat reports. The stock has a market capitalization of $3.50 billion, a price-to-earnings ratio of 28.90, a PEG ratio of 1.59 and a beta of 1.48. 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 52-week low of $111.89 and a 52-week high of $114.28.
Dycom Industries (NYSE:DY) last announced its earnings results on Wednesday, February 28th. The construction company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.01. The business had revenue of $655.13 million for the quarter, compared to analysts’ expectations of $655.72 million. Dycom Industries had a return on equity of 18.67% and a net margin of 5.08%. The business’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same period last year, the firm posted $0.82 earnings per share. equities analysts anticipate that Dycom Industries, Inc. will post 5.71 EPS for the current year.
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 stock was sold at an average price of $109.08, for a total value of $284,044.32. Following the transaction, the director now directly owns 30,246 shares of the company’s stock, valued at $3,299,233.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.39% of the company’s stock.
Dycom Industries Company Profile
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.
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