Dycom Industries, Inc. (NYSE:DY) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its holdings in shares of Dycom Industries, Inc. (NYSE:DYGet Rating) by 0.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,408 shares of the construction company’s stock after acquiring an additional 249 shares during the quarter. Envestnet Asset Management Inc. owned about 0.12% of Dycom Industries worth $3,201,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First Horizon Advisors Inc. lifted its holdings in Dycom Industries by 50.9% in the 2nd quarter. First Horizon Advisors Inc. now owns 335 shares of the construction company’s stock worth $30,000 after buying an additional 113 shares in the last quarter. Tcwp LLC acquired a new position in Dycom Industries in the 1st quarter worth $38,000. Strs Ohio acquired a new position in Dycom Industries in the 1st quarter worth $57,000. Assetmark Inc. lifted its holdings in Dycom Industries by 142.0% in the 2nd quarter. Assetmark Inc. now owns 714 shares of the construction company’s stock worth $66,000 after buying an additional 419 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC lifted its holdings in Dycom Industries by 59.8% in the 2nd quarter. Counterpoint Mutual Funds LLC now owns 1,448 shares of the construction company’s stock worth $135,000 after buying an additional 542 shares in the last quarter. Institutional investors and hedge funds own 93.32% of the company’s stock.

Dycom Industries Price Performance

Shares of NYSE:DY opened at $101.06 on Tuesday. The company has a quick ratio of 3.09, a current ratio of 3.32 and a debt-to-equity ratio of 1.02. Dycom Industries, Inc. has a fifty-two week low of $76.21 and a fifty-two week high of $122.13. The firm has a 50-day simple moving average of $107.58 and a 200 day simple moving average of $100.24. The company has a market cap of $2.98 billion, a PE ratio of 32.81 and a beta of 1.44.

Dycom Industries (NYSE:DYGet Rating) last announced its quarterly earnings data on Wednesday, August 24th. The construction company reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.47. Dycom Industries had a net margin of 2.68% and a return on equity of 11.38%. The business had revenue of $972.30 million during the quarter, compared to the consensus estimate of $932.37 million. During the same quarter in the prior year, the firm earned $0.60 EPS. The company’s revenue for the quarter was up 23.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Dycom Industries, Inc. will post 3.68 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have commented on DY. DA Davidson boosted their price objective on shares of Dycom Industries from $125.00 to $145.00 in a report on Thursday, August 25th. Craig Hallum boosted their target price on shares of Dycom Industries from $121.00 to $133.00 in a research report on Thursday, August 25th. KeyCorp boosted their target price on shares of Dycom Industries from $115.00 to $130.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 23rd. StockNews.com assumed coverage on shares of Dycom Industries in a research report on Wednesday, October 12th. They issued a “buy” rating for the company. Finally, Wells Fargo & Company dropped their target price on shares of Dycom Industries from $130.00 to $120.00 and set an “overweight” rating for the company in a research report on Monday. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $128.00.

Insider Activity at Dycom Industries

In related news, CAO Sharon Villaverde sold 750 shares of the business’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $100.01, for a total transaction of $75,007.50. Following the completion of the sale, the chief accounting officer now owns 7,579 shares of the company’s stock, valued at approximately $757,975.79. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Dycom Industries news, CAO Sharon Villaverde sold 750 shares of the business’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $100.01, for a total transaction of $75,007.50. Following the completion of the transaction, the chief accounting officer now directly owns 7,579 shares of the company’s stock, valued at approximately $757,975.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Steven E. Nielsen sold 69,062 shares of the business’s stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $112.75, for a total transaction of $7,786,740.50. Following the transaction, the chief executive officer now directly owns 688,778 shares of the company’s stock, valued at $77,659,719.50. The disclosure for this sale can be found here. Insiders sold a total of 92,957 shares of company stock valued at $10,446,088 in the last quarter. Insiders own 4.32% of the company’s stock.

Dycom Industries Company Profile

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Dycom Industries, Inc provides specialty contracting services in the United States. The company offers program management and engineering services; plans and designs aerial, underground, and buried fiber optic, copper, and coaxial cable systems; and construction, maintenance, and installation services, such as placement and splicing of fiber, copper, and coaxial cables to telecommunications providers.

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

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