New York State Common Retirement Fund lessened its stake in shares of Dycom Industries, Inc. (NYSE:DY) by 38.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 32,500 shares of the construction company’s stock after selling 20,645 shares during the period. New York State Common Retirement Fund owned about 0.10% of Dycom Industries worth $2,791,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of DY. SG Americas Securities LLC raised its stake in Dycom Industries by 57.8% in the second quarter. SG Americas Securities LLC now owns 11,489 shares of the construction company’s stock worth $1,028,000 after buying an additional 4,208 shares in the last quarter. Legal & General Group Plc grew its holdings in Dycom Industries by 19.9% in the second quarter. Legal & General Group Plc now owns 23,861 shares of the construction company’s stock worth $2,136,000 after purchasing an additional 3,955 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in Dycom Industries by 194.3% in the second quarter. BNP Paribas Arbitrage SA now owns 24,210 shares of the construction company’s stock worth $2,167,000 after purchasing an additional 15,985 shares during the last quarter. Marshall Wace North America L.P. purchased a new position in Dycom Industries in the second quarter worth $3,492,000. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in Dycom Industries by 12.0% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 10,354 shares of the construction company’s stock worth $927,000 after purchasing an additional 1,112 shares during the last quarter.
DY has been the topic of several analyst reports. Stephens lifted their price target on shares of Dycom Industries from $105.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, November 16th. B. Riley reissued a “buy” rating and set a $119.00 price objective (up from $98.00) on shares of Dycom Industries in a report on Friday, November 17th. Stifel Nicolaus reissued a “buy” rating and set a $126.00 price objective (up from $120.00) on shares of Dycom Industries in a report on Monday, December 11th. DA Davidson boosted their price objective on shares of Dycom Industries to $100.00 and gave the company a “neutral” rating in a report on Tuesday, November 21st. Finally, Zacks Investment Research raised shares of Dycom Industries from a “sell” rating to a “hold” rating in a report on Thursday, November 30th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $115.10.
Dycom Industries, Inc. (NYSE:DY) opened at $118.09 on Friday. Dycom Industries, Inc. has a 1 year low of $73.95 and a 1 year high of $118.68. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.86 and a current ratio of 3.16. The firm has a market cap of $3,587.04, a PE ratio of 27.85, a P/E/G ratio of 2.30 and a beta of 1.38.
Dycom Industries (NYSE:DY) last released its quarterly earnings results on Monday, November 20th. The construction company reported $0.99 earnings per share for the quarter, topping 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 firm had revenue of $756.20 million during the quarter, compared to the consensus estimate of $729.35 million. During the same quarter in the prior year, the firm earned $1.67 EPS. The company’s revenue for the quarter was down 5.4% on a year-over-year basis. analysts forecast that Dycom Industries, Inc. will post 4.09 earnings per share for the current year.
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Dycom Industries 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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