New England Research & Management Inc. Has $1.57 Million Stake in Dycom Industries, Inc. (DY)

New England Research & Management Inc. lifted its position in shares of Dycom Industries, Inc. (NYSE:DY) by 16.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,625 shares of the construction company’s stock after purchasing an additional 2,350 shares during the quarter. Dycom Industries accounts for approximately 1.0% of New England Research & Management Inc.’s portfolio, making the stock its 24th largest holding. New England Research & Management Inc.’s holdings in Dycom Industries were worth $1,571,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Flinton Capital Management LLC grew its stake in shares of Dycom Industries by 17.9% during the 4th quarter. Flinton Capital Management LLC now owns 3,696 shares of the construction company’s stock worth $412,000 after purchasing an additional 560 shares during the period. Gamco Investors INC. ET AL grew its stake in shares of Dycom Industries by 3.9% during the 1st quarter. Gamco Investors INC. ET AL now owns 16,080 shares of the construction company’s stock worth $1,731,000 after purchasing an additional 600 shares during the period. Profund Advisors LLC grew its stake in shares of Dycom Industries by 16.3% during the 1st quarter. Profund Advisors LLC now owns 5,603 shares of the construction company’s stock worth $603,000 after purchasing an additional 784 shares during the period. California Public Employees Retirement System grew its stake in shares of Dycom Industries by 1.6% during the 4th quarter. California Public Employees Retirement System now owns 64,546 shares of the construction company’s stock worth $7,192,000 after purchasing an additional 1,009 shares during the period. Finally, Coyle Financial Counsel LLC grew its stake in shares of Dycom Industries by 3.9% during the 1st quarter. Coyle Financial Counsel LLC now owns 27,514 shares of the construction company’s stock worth $2,961,000 after purchasing an additional 1,033 shares during the period.

Shares of Dycom Industries traded up $1.76, reaching $96.66, during midday trading on Thursday, MarketBeat reports. 20,321 shares of the company’s stock traded hands, compared to its average volume of 364,123. The company has a debt-to-equity ratio of 0.98, a current ratio of 3.39 and a quick ratio of 3.09. The firm has a market capitalization of $2.96 billion, a price-to-earnings ratio of 29.38, a price-to-earnings-growth ratio of 1.67 and a beta of 1.42. Dycom Industries, Inc. has a 1 year low of $73.95 and a 1 year high of $123.99.

Dycom Industries (NYSE:DY) last announced its quarterly earnings data on Tuesday, May 22nd. The construction company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.04). The firm had revenue of $731.40 million during the quarter, compared to analysts’ expectations of $734.89 million. Dycom Industries had a net margin of 4.44% and a return on equity of 14.59%. The company’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.30 EPS. sell-side analysts expect that Dycom Industries, Inc. will post 4.61 earnings per share for the current year.

A number of brokerages have recently issued reports on DY. Zacks Investment Research lowered Dycom Industries from a “buy” rating to a “hold” rating in a research report on Thursday, May 24th. B. Riley decreased their target price on Dycom Industries from $137.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, May 23rd. Craig Hallum decreased their target price on Dycom Industries from $129.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, May 23rd. Stifel Nicolaus decreased their target price on Dycom Industries from $126.00 to $117.00 and set a “buy” rating on the stock in a research report on Wednesday, May 23rd. Finally, KeyCorp decreased their target price on Dycom Industries from $123.00 to $112.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 23rd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the stock. Dycom Industries currently has a consensus rating of “Buy” and a consensus price target of $115.45.

In other news, Director Richard K. Sykes acquired 2,000 shares of the firm’s stock in a transaction on Wednesday, May 30th. The shares were bought at an average price of $94.81 per share, for a total transaction of $189,620.00. Following the acquisition, the director now owns 3,934 shares of the company’s stock, valued at approximately $372,982.54. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 5.39% of the company’s stock.

Dycom Industries Company Profile

Dycom Industries, Inc provides specialty contracting services in the United States and Canada. The company offers various specialty contracting services, including program management, engineering, construction, maintenance, and installation services, such as placement and splicing of fiber, copper, and coaxial cables to telecommunications providers.

Want to see what other hedge funds are holding DY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dycom Industries, Inc. (NYSE:DY).

Institutional Ownership by Quarter for Dycom Industries (NYSE:DY)

Receive News & Ratings for Dycom Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dycom Industries and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply