Caxton Associates LP reduced its position in shares of Dycom Industries, Inc. (NYSE:DY) by 60.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 30,000 shares of the construction company’s stock after selling 45,000 shares during the quarter. Caxton Associates LP owned approximately 0.10% of Dycom Industries worth $2,576,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of the stock. Vident Investment Advisory LLC bought a new stake in Dycom Industries during the 3rd quarter valued at $2,426,000. First Allied Advisory Services Inc. raised its holdings in Dycom Industries by 8.1% during the 3rd quarter. First Allied Advisory Services Inc. now owns 8,841 shares of the construction company’s stock valued at $759,000 after buying an additional 666 shares during the last quarter. Alyeska Investment Group L.P. bought a new stake in Dycom Industries during the 3rd quarter valued at $6,264,000. TENOR CAPITAL MANAGEMENT Co. L.P. bought a new stake in Dycom Industries during the 3rd quarter valued at $2,396,000. Finally, Oppenheimer Asset Management Inc. raised its holdings in Dycom Industries by 31.8% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 75,108 shares of the construction company’s stock valued at $6,451,000 after buying an additional 18,121 shares during the last quarter.
Dycom Industries, Inc. (NYSE:DY) opened at $109.57 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 3.16 and a quick ratio of 2.86. Dycom Industries, Inc. has a 1-year low of $73.95 and a 1-year high of $113.30. The company has a market cap of $3,389.99, a price-to-earnings ratio of 23.92, a price-to-earnings-growth ratio of 2.17 and a beta of 1.38.
Dycom Industries (NYSE:DY) last issued its quarterly earnings data on Monday, November 20th. The construction company reported $0.99 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.09. The business had revenue of $756.20 million during the quarter, compared to analyst estimates of $729.35 million. Dycom Industries had a net margin of 4.46% and a return on equity of 22.49%. The company’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.67 EPS. sell-side analysts predict that Dycom Industries, Inc. will post 4.09 earnings per share for the current fiscal year.
DY has been the subject of a number of recent analyst reports. Craig Hallum reiterated a “buy” rating and set a $114.00 price target (up from $90.00) on shares of Dycom Industries in a report on Tuesday, November 21st. Deutsche Bank initiated coverage on shares of Dycom Industries in a report on Tuesday, September 26th. They set a “buy” rating and a $103.00 price target for the company. Canaccord Genuity lowered their price target on shares of Dycom Industries from $120.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, August 31st. FBR & Co upped their price target on shares of Dycom Industries from $98.00 to $112.00 and gave the company a “buy” rating in a report on Wednesday, August 30th. Finally, B. Riley reiterated a “buy” rating and set a $119.00 price target (up from $98.00) on shares of Dycom Industries in a report on Friday, November 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. Dycom Industries has an average rating of “Buy” and a consensus target price of $109.40.
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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 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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