Crossmark Global Holdings Inc. boosted its position in Dycom Industries, Inc. (NYSE:DY) by 82.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,988 shares of the construction company’s stock after purchasing an additional 2,260 shares during the period. Crossmark Global Holdings Inc.’s holdings in Dycom Industries were worth $556,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently made changes to their positions in DY. Public Employees Retirement System of Ohio lifted its stake in Dycom Industries by 6.6% in the second quarter. Public Employees Retirement System of Ohio now owns 1,298 shares of the construction company’s stock worth $116,000 after purchasing an additional 80 shares during the last quarter. First Personal Financial Services lifted its stake in Dycom Industries by 214.3% in the fourth quarter. First Personal Financial Services now owns 1,075 shares of the construction company’s stock worth $120,000 after purchasing an additional 733 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Dycom Industries by 55.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,529 shares of the construction company’s stock worth $170,000 after purchasing an additional 545 shares during the last quarter. Howe & Rusling Inc. lifted its stake in Dycom Industries by 3,671.1% in the fourth quarter. Howe & Rusling Inc. now owns 1,697 shares of the construction company’s stock worth $189,000 after purchasing an additional 1,652 shares during the last quarter. Finally, Cedar Capital LLC bought a new stake in Dycom Industries in the third quarter worth about $213,000.
DY has been the subject of several research analyst reports. B. Riley reaffirmed a “buy” rating on shares of Dycom Industries in a research note on Wednesday, November 1st. Canaccord Genuity reaffirmed a “buy” rating and set a $125.00 price target (up previously from $110.00) on shares of Dycom Industries in a research note on Tuesday, February 13th. Craig Hallum reaffirmed a “buy” rating and set a $129.00 price target (up previously from $114.00) on shares of Dycom Industries in a research note on Tuesday, February 13th. DA Davidson lifted their price target on shares of Dycom Industries to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, November 21st. Finally, Zacks Investment Research raised shares of Dycom Industries from a “sell” rating to a “hold” rating in a research note on Thursday, November 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company’s stock. Dycom Industries has an average rating of “Buy” and a consensus price target of $121.50.
Shares of Dycom Industries, Inc. (DY) opened at $115.11 on Tuesday. 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 12 month low of $73.95 and a 12 month high of $123.99. The firm has a market cap of $3,561.36, a P/E ratio of 25.13, a PEG ratio of 1.64 and a beta of 1.36.
Dycom Industries (NYSE:DY) last issued its quarterly earnings data on Monday, November 20th. The construction company reported $0.99 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.09. The company had revenue of $756.20 million for 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%. Dycom Industries’s revenue was down 5.4% compared to the same quarter last year. During the same period last year, the company posted $1.67 earnings per share. sell-side analysts expect that Dycom Industries, Inc. will post 3.96 EPS for the current fiscal year.
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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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