Dycom Industries, Inc. (DY) Position Boosted by Nisa Investment Advisors LLC
Nisa Investment Advisors LLC boosted its position in shares of Dycom Industries, Inc. (NYSE:DY) by 2.4% during the second quarter, Holdings Channel reports. The institutional investor owned 4,230 shares of the construction company’s stock after buying an additional 100 shares during the period. Nisa Investment Advisors LLC’s holdings in Dycom Industries were worth $379,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the stock. Norges Bank purchased a new stake in Dycom Industries during the fourth quarter worth approximately $12,808,000. Investment Counselors of Maryland LLC raised its stake in Dycom Industries by 122.4% in the first quarter. Investment Counselors of Maryland LLC now owns 261,090 shares of the construction company’s stock worth $24,268,000 after buying an additional 143,710 shares in the last quarter. Quantitative Investment Management LLC purchased a new stake in Dycom Industries during the first quarter worth approximately $12,297,000. Vanguard Group Inc. raised its stake in Dycom Industries by 4.6% in the first quarter. Vanguard Group Inc. now owns 2,437,127 shares of the construction company’s stock worth $226,531,000 after buying an additional 106,817 shares in the last quarter. Finally, Rice Hall James & Associates LLC raised its stake in Dycom Industries by 87.9% in the first quarter. Rice Hall James & Associates LLC now owns 227,060 shares of the construction company’s stock worth $21,105,000 after buying an additional 106,246 shares in the last quarter.
Shares of Dycom Industries, Inc. (DY) traded up 0.83% on Friday, reaching $84.99. 362,926 shares of the company’s stock were exchanged. The stock has a market cap of $2.64 billion, a price-to-earnings ratio of 16.71 and a beta of 1.18. The company’s 50 day moving average is $89.02 and its 200-day moving average is $91.66. Dycom Industries, Inc. has a one year low of $70.33 and a one year high of $110.64.
Dycom Industries (NYSE:DY) last released its earnings results on Wednesday, May 24th. The construction company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.11. The business had revenue of $786.30 million during the quarter, compared to the consensus estimate of $736.20 million. Dycom Industries had a return on equity of 28.96% and a net margin of 5.30%. The business’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period last year, the company earned $1.08 earnings per share. On average, analysts anticipate that Dycom Industries, Inc. will post $5.23 EPS for the current year.
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DY has been the subject of a number of recent analyst reports. ValuEngine upgraded shares of Dycom Industries from a “hold” rating to a “buy” rating in a report on Thursday, May 25th. Wells Fargo & Company reiterated an “overweight” rating on shares of Dycom Industries in a report on Wednesday, April 19th. Zacks Investment Research lowered shares of Dycom Industries from a “buy” rating to a “hold” rating in a report on Monday, May 15th. Stifel Nicolaus reiterated a “buy” rating and set a $120.00 price target (up from $112.00) on shares of Dycom Industries in a report on Saturday, April 22nd. Finally, Canaccord Genuity reiterated a “buy” rating and set a $52.00 price target on shares of Dycom Industries in a report on Thursday, May 25th. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $102.09.
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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