New York State Teachers Retirement System Has $5.08 Million Stock Position in Dycom Industries, Inc. (NYSE:DY)

New York State Teachers Retirement System lowered its stake in Dycom Industries, Inc. (NYSE:DY) by 4.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 44,098 shares of the construction company’s stock after selling 1,900 shares during the quarter. New York State Teachers Retirement System owned approximately 0.15% of Dycom Industries worth $5,075,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fulton Bank N.A. increased its position in Dycom Industries by 9.3% during the fourth quarter. Fulton Bank N.A. now owns 5,146 shares of the construction company’s stock worth $592,000 after buying an additional 438 shares during the last quarter. International Assets Investment Management LLC acquired a new position in Dycom Industries during the fourth quarter worth approximately $6,623,000. Raymond James Financial Services Advisors Inc. increased its position in Dycom Industries by 44.1% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 4,373 shares of the construction company’s stock worth $503,000 after buying an additional 1,339 shares during the last quarter. Raymond James & Associates boosted its holdings in shares of Dycom Industries by 7.6% during the fourth quarter. Raymond James & Associates now owns 2,759 shares of the construction company’s stock worth $318,000 after acquiring an additional 194 shares during the period. Finally, First Bank & Trust bought a new stake in shares of Dycom Industries during the fourth quarter worth approximately $219,000. Institutional investors and hedge funds own 98.33% of the company’s stock.

Insider Buying and Selling at Dycom Industries

In other Dycom Industries news, VP Jason T. Lawson sold 220 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $140.27, for a total transaction of $30,859.40. Following the completion of the transaction, the vice president now directly owns 7,793 shares in the company, valued at $1,093,124.11. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 4.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DY. KeyCorp boosted their price objective on Dycom Industries from $136.00 to $149.00 and gave the stock an “overweight” rating in a report on Thursday, February 29th. B. Riley upgraded 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 report on Friday, March 8th. One research 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 company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $135.50.

Dycom Industries Trading Down 0.7 %

Shares of DY stock opened at $137.78 on Friday. The company has a current ratio of 3.06, a quick ratio of 2.85 and a debt-to-equity ratio of 0.75. The stock has a market cap of $4.01 billion, a P/E ratio of 18.69, a price-to-earnings-growth ratio of 0.82 and a beta of 1.38. The stock has a 50 day simple moving average of $131.33 and a 200 day simple moving average of $110.97. Dycom Industries, Inc. has a 1 year low of $78.42 and a 1 year high of $146.32.

Dycom Industries (NYSE:DY) last issued its quarterly 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 company had revenue of $952.50 million during 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 company’s quarterly revenue was up 3.8% on a year-over-year basis. On average, research analysts predict that Dycom Industries, Inc. will post 7.13 earnings per share for the current fiscal year.

About Dycom Industries

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.