Daiwa Securities Group Inc. decreased its holdings in Dycom Industries, Inc. (NYSE:DY – Free Report) by 28.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,500 shares of the construction company’s stock after selling 600 shares during the period. Daiwa Securities Group Inc.’s holdings in Dycom Industries were worth $140,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of the company. CWM LLC grew its holdings in Dycom Industries by 35.2% in the first quarter. CWM LLC now owns 430 shares of the construction company’s stock worth $40,000 after purchasing an additional 112 shares during the last quarter. Campbell Newman Asset Management Inc. grew its holdings in shares of Dycom Industries by 0.9% during the first quarter. Campbell Newman Asset Management Inc. now owns 13,763 shares of the construction company’s stock valued at $1,289,000 after buying an additional 120 shares during the last quarter. Retirement Systems of Alabama grew its holdings in shares of Dycom Industries by 0.4% during the fourth quarter. Retirement Systems of Alabama now owns 38,826 shares of the construction company’s stock valued at $3,634,000 after buying an additional 137 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Dycom Industries by 0.9% during the second quarter. Price T Rowe Associates Inc. MD now owns 17,268 shares of the construction company’s stock valued at $1,607,000 after buying an additional 148 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its holdings in Dycom Industries by 2.4% in the second quarter. BNP Paribas Arbitrage SA now owns 7,082 shares of the construction company’s stock valued at $659,000 after purchasing an additional 168 shares during the last quarter. 97.67% of the stock is owned by hedge funds and other institutional investors.
Dycom Industries Stock Performance
Shares of Dycom Industries stock opened at $99.58 on Tuesday. Dycom Industries, Inc. has a one year low of $77.33 and a one year high of $122.13. The company has a market cap of $2.92 billion, a price-to-earnings ratio of 17.11 and a beta of 1.32. The company has a debt-to-equity ratio of 0.90, a quick ratio of 3.16 and a current ratio of 3.43. The business’s 50 day moving average price is $106.88 and its 200 day moving average price is $97.70.
Analyst Ratings Changes
DY has been the subject of a number of recent analyst reports. Raymond James assumed coverage on Dycom Industries in a research report on Wednesday, May 31st. They issued an “outperform” rating and a $120.00 price objective for the company. B. Riley reaffirmed a “neutral” rating and issued a $111.00 price target (down from $134.00) on shares of Dycom Industries in a research note on Wednesday, July 26th. StockNews.com cut Dycom Industries from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. Wells Fargo & Company upgraded Dycom Industries from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $105.00 to $120.00 in a research report on Thursday, May 25th. Finally, DA Davidson restated a “buy” rating on shares of Dycom Industries in a report on Wednesday, May 31st. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.00.
Dycom Industries Company Profile
Dycom Industries, Inc provides specialty contracting services to the telecommunications infrastructure and utility industries in the United States. The company offers engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems; wireless networks in connection with the deployment of macro cell and new small cell sites; and program and project management and inspection personnel.
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