Dycom Industries, Inc. (NYSE:DY) VP Jason T. Lawson Sells 220 Shares of Stock

Dycom Industries, Inc. (NYSE:DYGet Free Report) VP Jason T. Lawson sold 220 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $140.27, for a total transaction of $30,859.40. Following the completion of the sale, the vice president now directly owns 7,793 shares in the company, valued at $1,093,124.11. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Dycom Industries Trading Down 1.0 %

Dycom Industries stock opened at $138.24 on Wednesday. The business has a 50-day simple moving average of $127.16 and a two-hundred day simple moving average of $108.44. Dycom Industries, Inc. has a 52-week low of $78.42 and a 52-week high of $146.32. The company has a quick ratio of 2.85, a current ratio of 3.06 and a debt-to-equity ratio of 0.75. The company has a market cap of $4.02 billion, a P/E ratio of 18.76, a P/E/G ratio of 0.85 and a beta of 1.38.

Dycom Industries (NYSE:DYGet Free Report) last announced its earnings results on Wednesday, February 28th. The construction company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.15). Dycom Industries had a net margin of 5.24% and a return on equity of 22.06%. The business had revenue of $952.50 million for the quarter, compared to the consensus estimate of $968.87 million. During the same quarter last year, the firm posted $0.83 earnings per share. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. Analysts predict that Dycom Industries, Inc. will post 7.13 EPS for the current year.

Hedge Funds Weigh In On Dycom Industries

Institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its holdings in Dycom Industries by 6.4% during the first quarter. JPMorgan Chase & Co. now owns 49,555 shares of the construction company’s stock valued at $4,721,000 after purchasing an additional 2,993 shares in the last quarter. Raymond James & Associates boosted its holdings in Dycom Industries by 86.3% in the 1st quarter. Raymond James & Associates now owns 7,429 shares of the construction company’s stock worth $708,000 after buying an additional 3,441 shares during the period. MetLife Investment Management LLC increased its stake in Dycom Industries by 40.0% in the 1st quarter. MetLife Investment Management LLC now owns 34,082 shares of the construction company’s stock worth $3,247,000 after buying an additional 9,731 shares in the last quarter. Panagora Asset Management Inc. bought a new stake in Dycom Industries during the first quarter valued at about $210,000. Finally, Rhumbline Advisers boosted its stake in shares of Dycom Industries by 1.3% in the first quarter. Rhumbline Advisers now owns 87,563 shares of the construction company’s stock worth $8,341,000 after acquiring an additional 1,159 shares during the period. 98.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. B. Riley raised shares of Dycom Industries from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $101.00 to $172.00 in a research note on Friday, March 8th. KeyCorp upped their price target on Dycom Industries from $136.00 to $149.00 and gave the stock an “overweight” rating in a research note on Thursday, February 29th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $135.50.

View Our Latest Analysis on DY

About Dycom Industries

(Get Free Report)

Dycom Industries, Inc provides specialty contracting services to the telecommunications infrastructure and utility industries in the United States. The company offers engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems; wireless networks in connection with the deployment of macro cell and new small cell sites; and program and project management and inspection personnel.

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