Columbus Circle Investors decreased its holdings in shares of Dycom Industries, Inc. (NYSE:DY) by 95.1% during the third quarter, according to its most recent filing with the SEC. The firm owned 22,278 shares of the construction company’s stock after selling 428,785 shares during the period. Columbus Circle Investors owned 0.07% of Dycom Industries worth $1,913,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of DY. Harbour Capital Advisors LLC increased its position in Dycom Industries by 9,665.8% during the 2nd quarter. Harbour Capital Advisors LLC now owns 725,112 shares of the construction company’s stock valued at $8,100,000 after purchasing an additional 717,687 shares during the period. Thompson Siegel & Walmsley LLC purchased a new position in Dycom Industries during the 2nd quarter valued at about $26,385,000. Scout Investments Inc. increased its position in Dycom Industries by 407.6% during the 2nd quarter. Scout Investments Inc. now owns 288,107 shares of the construction company’s stock valued at $25,791,000 after purchasing an additional 231,345 shares during the period. Federated Investors Inc. PA increased its position in Dycom Industries by 24.1% during the 2nd quarter. Federated Investors Inc. PA now owns 816,246 shares of the construction company’s stock valued at $73,070,000 after purchasing an additional 158,312 shares during the period. Finally, Castleark Management LLC purchased a new position in Dycom Industries during the 2nd quarter valued at about $10,984,000.
Dycom Industries, Inc. (NYSE DY) traded down $0.97 during mid-day trading on Thursday, reaching $108.22. 430,317 shares of the company were exchanged, compared to its average volume of 672,898. The firm has a market cap of $3,393.99, a PE ratio of 23.95, a PEG ratio of 2.18 and a beta of 1.38. The company has a quick ratio of 2.86, a current ratio of 3.16 and a debt-to-equity ratio of 1.07. Dycom Industries, Inc. has a one year low of $73.95 and a one year high of $113.30.
Dycom Industries (NYSE:DY) last announced its quarterly earnings data on Monday, November 20th. The construction company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.90 by $0.09. Dycom Industries had a net margin of 4.46% and a return on equity of 22.49%. The business had revenue of $756.20 million during the quarter, compared to analysts’ expectations of $729.35 million. During the same period in the previous year, the business posted $1.67 EPS. The business’s quarterly revenue was down 5.4% compared to the same quarter last year. sell-side analysts anticipate that Dycom Industries, Inc. will post 4.09 earnings per share for the current year.
A number of research analysts have commented on the stock. B. Riley reissued a “buy” rating on shares of Dycom Industries in a research report on Wednesday, November 1st. FBR & Co lifted their price objective on shares of Dycom Industries from $98.00 to $112.00 and gave the stock a “buy” rating in a research report on Wednesday, August 30th. DA Davidson lifted their price objective on shares of Dycom Industries to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 21st. Zacks Investment Research raised shares of Dycom Industries from a “sell” rating to a “hold” rating in a research report on Thursday, November 30th. Finally, Craig Hallum reaffirmed a “buy” rating and issued a $114.00 price objective (up previously from $90.00) on shares of Dycom Industries in a research report on Tuesday, November 21st. One 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 company’s stock. Dycom Industries currently has an average rating of “Buy” and an average price target of $109.40.
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Dycom Industries Company Profile
Dycom Industries, Inc is a provider of specialty contracting services throughout the United States and in Canada. The Company, through its subsidiaries, provides program management, engineering, construction, maintenance and installation services for telecommunications providers, underground facility locating services for various utilities, including telecommunications providers, and other construction and maintenance services for electric and gas utilities.
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