Fulton Bank N.A. Has $382,000 Stock Holdings in Dycom Industries, Inc. (NYSE:DY)

Posted by Defense World Staff on Mar 19th, 2023

Fulton Bank N.A. boosted its holdings in shares of Dycom Industries, Inc. (NYSE:DY – Get Rating) by 38.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,084 shares of the construction company’s stock after acquiring an additional 1,143 shares during the period. Fulton Bank N.A.’s holdings in Dycom Industries were worth $382,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of DY. Price T Rowe Associates Inc. MD boosted its position 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 worth $1,607,000 after purchasing an additional 148 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Dycom Industries by 2.4% during the second quarter. BNP Paribas Arbitrage SA now owns 7,082 shares of the construction company’s stock worth $659,000 after purchasing an additional 168 shares in the last quarter. Somerset Trust Co boosted its position in shares of Dycom Industries by 6.7% during the fourth quarter. Somerset Trust Co now owns 3,171 shares of the construction company’s stock worth $297,000 after purchasing an additional 198 shares in the last quarter. Assetmark Inc. boosted its position in shares of Dycom Industries by 30.4% during the third quarter. Assetmark Inc. now owns 931 shares of the construction company’s stock worth $89,000 after purchasing an additional 217 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its position in shares of Dycom Industries by 1.4% during the third quarter. Great West Life Assurance Co. Can now owns 18,439 shares of the construction company’s stock worth $1,764,000 after purchasing an additional 259 shares in the last quarter. Institutional investors and hedge funds own 92.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. UBS Group lifted their price target on shares of Dycom Industries from $124.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, March 2nd. Craig Hallum lifted their price target on shares of Dycom Industries from $110.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday, March 2nd. StockNews.com began coverage on shares of Dycom Industries in a research report on Thursday. They issued a “buy” rating on the stock. Finally, Wells Fargo & Company boosted their price objective on shares of Dycom Industries from $88.00 to $105.00 and gave the company an “equal weight” rating in a research report on Thursday, March 2nd. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Dycom Industries has a consensus rating of “Moderate Buy” and a consensus price target of $125.80.

Insiders Place Their Bets

In other Dycom Industries news, Director Richard K. Sykes sold 2,000 shares of the business’s stock in a transaction dated Wednesday, December 21st. The shares were sold at an average price of $92.35, for a total transaction of $184,700.00. Following the sale, the director now directly owns 17,854 shares of the company’s stock, valued at approximately $1,648,816.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 4.32% of the company’s stock.

Dycom Industries Trading Down 1.9 %

Shares of NYSE:DY opened at $95.39 on Friday. The company’s 50-day moving average price is $92.43 and its two-hundred day moving average price is $98.37. The company has a debt-to-equity ratio of 0.93, a current ratio of 3.18 and a quick ratio of 2.93. Dycom Industries, Inc. has a one year low of $76.21 and a one year high of $122.13. The stock has a market capitalization of $2.80 billion, a PE ratio of 20.12 and a beta of 1.29.

Dycom Industries (NYSE:DY – Get Rating) last issued its quarterly earnings results on Wednesday, March 1st. The construction company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.17 by $0.66. Dycom Industries had a net margin of 3.73% and a return on equity of 16.43%. The firm had revenue of $917.50 million for the quarter, compared to analysts’ expectations of $815.89 million. During the same period in the previous year, the firm posted $0.02 EPS. The company’s revenue for the quarter was up 20.5% on a year-over-year basis. On average, equities analysts forecast that Dycom Industries, Inc. will post 5.09 EPS for the current fiscal year.

Dycom Industries Profile

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Dycom Industries, Inc provides contracting services throughout the United States. Its services include engineering, construction, maintenance and installation services to telecommunications providers, underground facility locating services to various utilities, including other construction and maintenance services to electric and gas utilities, and others.