Dycom Industries, Inc. (DY) Stake Maintained by Foster Dykema Cabot & Co. Inc. MA
Foster Dykema Cabot & Co. Inc. MA continued to hold its position in shares of Dycom Industries, Inc. (NYSE:DY) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 4,962 shares of the construction company’s stock at the end of the second quarter. Foster Dykema Cabot & Co. Inc. MA’s holdings in Dycom Industries were worth $444,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Acrospire Investment Management LLC purchased a new position in Dycom Industries during the first quarter valued at $121,000. GW&K Investment Management LLC purchased a new position in Dycom Industries during the second quarter valued at $2,988,000. EULAV Asset Management purchased a new position in Dycom Industries during the first quarter valued at $1,162,000. Norges Bank purchased a new position in Dycom Industries during the fourth quarter valued at $12,808,000. Finally, Vanguard Group Inc. raised its position 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 valued at $226,531,000 after buying an additional 106,817 shares during the last quarter.
Dycom Industries, Inc. (DY) opened at 84.99 on Friday. The company 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 1-year low of $70.33 and a 1-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, beating analysts’ consensus estimates 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 net margin of 5.30% and a return on equity of 28.96%. The company’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.08 EPS. On average, equities analysts predict that Dycom Industries, Inc. will post $5.23 EPS for the current fiscal year.
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Several research analysts recently weighed in on DY shares. Wells Fargo & Company reissued an “overweight” rating on shares of Dycom Industries in a research note on Wednesday, April 19th. Stifel Nicolaus reissued a “buy” rating and set a $120.00 price objective (up previously from $112.00) on shares of Dycom Industries in a research note on Saturday, April 22nd. Zacks Investment Research lowered shares of Dycom Industries from a “buy” rating to a “hold” rating in a research note on Monday, May 15th. FBR & Co reissued an “outperform” rating and set a $112.00 price objective (down previously from $120.00) on shares of Dycom Industries in a research note on Thursday, May 25th. Finally, ValuEngine raised shares of Dycom Industries from a “hold” rating to a “buy” rating in a research note on Thursday, May 25th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price 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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