Dycom Industries, Inc. (DY) Shares Bought by Advisors Asset Management Inc.
Advisors Asset Management Inc. increased its position in shares of Dycom Industries, Inc. (NYSE:DY) by 0.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,443 shares of the construction company’s stock after buying an additional 17 shares during the period. Advisors Asset Management Inc.’s holdings in Dycom Industries were worth $1,382,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in the stock. Acrospire Investment Management LLC acquired a new position in shares of Dycom Industries during the first quarter worth approximately $121,000. GW&K Investment Management LLC acquired a new position in shares of Dycom Industries during the second quarter worth approximately $2,988,000. EULAV Asset Management acquired a new position in shares of Dycom Industries during the first quarter worth approximately $1,162,000. Vanguard Group Inc. increased its position in shares of 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, James Investment Research Inc. acquired a new position in shares of Dycom Industries during the second quarter worth approximately $1,905,000.
Dycom Industries, Inc. (NYSE DY) opened at 79.26 on Friday. The stock has a market cap of $2.46 billion, a P/E ratio of 15.59 and a beta of 1.18. The stock has a 50 day moving average of $85.96 and a 200-day moving average of $91.66. Dycom Industries, Inc. has a 52 week low of $70.33 and a 52 week 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 the consensus estimate of $1.19 by $0.11. Dycom Industries had a net margin of 5.30% and a return on equity of 28.96%. The business had revenue of $786.30 million during the quarter, compared to analysts’ expectations of $736.20 million. During the same period last year, the business earned $1.08 earnings per share. The firm’s revenue was up 18.3% on a year-over-year basis. Analysts forecast that Dycom Industries, Inc. will post $5.23 earnings per share for the current year.
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A number of equities analysts have recently commented on the stock. FBR & Co reissued an “outperform” rating on shares of Dycom Industries in a research note on Monday, June 19th. BidaskClub downgraded shares of Dycom Industries from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. ValuEngine raised shares of Dycom Industries from a “hold” rating to a “buy” rating in a research note on Thursday, May 25th. Zacks Investment Research raised shares of Dycom Industries from a “hold” rating to a “buy” rating and set a $121.00 target price on the stock in a research note on Tuesday, May 16th. Finally, DA Davidson reissued a “neutral” rating and issued a $97.00 target price (down previously from $105.00) on shares of Dycom Industries in a research note on Sunday, May 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Dycom Industries currently has an average 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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