Assetmark Inc. Buys 217 Shares of Dycom Industries, Inc. (NYSE:DY)

Assetmark Inc. increased its stake in Dycom Industries, Inc. (NYSE:DYGet Rating) by 30.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 931 shares of the construction company’s stock after purchasing an additional 217 shares during the quarter. Assetmark Inc.’s holdings in Dycom Industries were worth $89,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Asset Advisors Investment Management LLC increased its stake in Dycom Industries by 10.4% in the 3rd quarter. Asset Advisors Investment Management LLC now owns 34,827 shares of the construction company’s stock worth $3,327,000 after buying an additional 3,267 shares in the last quarter. Dupont Capital Management Corp purchased a new stake in Dycom Industries in the 3rd quarter worth $174,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Dycom Industries in the 3rd quarter worth $146,000. New York State Teachers Retirement System increased its stake in Dycom Industries by 3.6% in the 3rd quarter. New York State Teachers Retirement System now owns 44,561 shares of the construction company’s stock worth $4,257,000 after buying an additional 1,565 shares in the last quarter. Finally, Campbell Newman Asset Management Inc. increased its stake in Dycom Industries by 2.4% in the 3rd quarter. Campbell Newman Asset Management Inc. now owns 13,210 shares of the construction company’s stock worth $1,262,000 after buying an additional 315 shares in the last quarter. 92.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DY. UBS Group set a $124.00 price target on Dycom Industries in a research note on Thursday, November 24th. Wells Fargo & Company dropped their price target on Dycom Industries from $130.00 to $120.00 and set an “overweight” rating for the company in a research report on Monday, November 14th. Craig Hallum set a $110.00 price target on Dycom Industries in a research report on Thursday, November 24th. Finally, StockNews.com lowered Dycom Industries from a “buy” rating to a “hold” rating in a research report on Monday, November 28th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.00.

Dycom Industries Stock Up 2.3 %

Shares of NYSE DY opened at $98.31 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.21 and a quick ratio of 2.98. The company has a market cap of $2.90 billion, a P/E ratio of 24.95 and a beta of 1.28. Dycom Industries, Inc. has a 1 year low of $76.21 and a 1 year high of $122.13. The firm has a 50-day simple moving average of $94.04 and a two-hundred day simple moving average of $102.07.

Dycom Industries (NYSE:DYGet Rating) last posted its quarterly earnings results on Tuesday, November 22nd. The construction company reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.41. Dycom Industries had a net margin of 3.24% and a return on equity of 13.96%. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $974.11 million. Research analysts anticipate that Dycom Industries, Inc. will post 4.09 earnings per share for the current year.

Insider Activity

In other news, Director Richard K. Sykes sold 2,000 shares of Dycom Industries stock in a transaction that occurred on Wednesday, December 21st. The shares were sold at an average price of $92.35, for a total transaction of $184,700.00. Following the completion of the sale, the director now owns 17,854 shares of the company’s stock, valued at $1,648,816.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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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