Fox Run Management L.L.C. Sells 2,960 Shares of Dycom Industries, Inc. $DY

Fox Run Management L.L.C. trimmed its position in Dycom Industries, Inc. (NYSE:DY) by 58.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,125 shares of the construction company’s stock after selling 2,960 shares during the period. Fox Run Management L.L.C.’s holdings in Dycom Industries were worth $620,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Root Financial Partners LLC purchased a new stake in shares of Dycom Industries in the 3rd quarter worth about $26,000. Twin Peaks Wealth Advisors LLC purchased a new position in Dycom Industries during the 2nd quarter valued at about $32,000. Optiver Holding B.V. boosted its stake in Dycom Industries by 57.1% during the third quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock worth $32,000 after acquiring an additional 40 shares in the last quarter. Salomon & Ludwin LLC bought a new stake in Dycom Industries during the third quarter worth about $37,000. Finally, UMB Bank n.a. grew its holdings in Dycom Industries by 57.3% in the third quarter. UMB Bank n.a. now owns 129 shares of the construction company’s stock worth $38,000 after purchasing an additional 47 shares during the period. Hedge funds and other institutional investors own 98.33% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Zacks Research lowered shares of Dycom Industries from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 17th. KeyCorp reaffirmed an “overweight” rating on shares of Dycom Industries in a research report on Tuesday, January 27th. Weiss Ratings reissued a “buy (b)” rating on shares of Dycom Industries in a report on Wednesday, January 21st. Wells Fargo & Company increased their target price on Dycom Industries from $315.00 to $360.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th. Finally, UBS Group raised their price target on Dycom Industries from $373.00 to $400.00 and gave the company a “buy” rating in a report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $406.20.

Dycom Industries Stock Down 0.2%

Dycom Industries stock opened at $419.48 on Friday. Dycom Industries, Inc. has a 12 month low of $131.37 and a 12 month high of $445.52. The stock has a fifty day simple moving average of $378.45 and a two-hundred day simple moving average of $323.33. The company has a current ratio of 3.09, a quick ratio of 2.90 and a debt-to-equity ratio of 0.62. The firm has a market cap of $12.15 billion, a price-to-earnings ratio of 41.29, a PEG ratio of 1.40 and a beta of 1.36.

Insider Buying and Selling

In other news, Director Eitan Gertel sold 3,645 shares of Dycom Industries stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $345.62, for a total value of $1,259,784.90. Following the completion of the sale, the director directly owned 15,997 shares in the company, valued at $5,528,883.14. The trade was a 18.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 3.72% of the company’s stock.

Dycom Industries Company Profile

Dycom Industries, Inc (NYSE: DY) is a leading provider of specialty contracting services to the telecommunications industry in North America. The company delivers engineering, construction, installation and maintenance solutions for communications infrastructure, supporting a broad range of network technologies and system architectures. Dycom’s services span outside plant construction, cable placement, fiber optic deployment, wireless and wireline network engineering, as well as testing and turn-up services for voice, data and video applications.

Dycom’s customer base includes major telecommunications carriers, cable operators, utility companies and competitive local exchange carriers.