International Assets Investment Management LLC Makes New $6.62 Million Investment in Dycom Industries, Inc. (NYSE:DY)

International Assets Investment Management LLC bought a new position in shares of Dycom Industries, Inc. (NYSE:DY) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 57,545 shares of the construction company’s stock, valued at approximately $6,623,000.

Other large investors have also recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. boosted its position in Dycom Industries by 114.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 490 shares of the construction company’s stock worth $45,000 after purchasing an additional 261 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Dycom Industries by 15.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 974 shares of the construction company’s stock worth $87,000 after buying an additional 132 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Dycom Industries by 43.5% during the second quarter. Tower Research Capital LLC TRC now owns 996 shares of the construction company’s stock worth $113,000 after buying an additional 302 shares during the last quarter. SkyView Investment Advisors LLC acquired a new position in shares of Dycom Industries during the first quarter worth approximately $173,000. Finally, Captrust Financial Advisors lifted its holdings in shares of Dycom Industries by 61.8% during the first quarter. Captrust Financial Advisors now owns 1,974 shares of the construction company’s stock worth $188,000 after buying an additional 754 shares during the last quarter. Institutional investors 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 company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $140.27, for a total value of $30,859.40. Following the sale, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on DY shares. KeyCorp upped their price target 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 upped their price target for the stock from $101.00 to $172.00 in a report on Friday, March 8th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $135.50.

Dycom Industries Stock Performance

Shares of NYSE DY opened at $137.78 on Monday. The business has a fifty day simple moving average of $131.33 and a 200 day simple moving average of $111.11. 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 firm has a market capitalization of $4.01 billion, a price-to-earnings ratio of 18.69, a PEG ratio of 0.81 and a beta of 1.38. Dycom Industries, Inc. has a one year low of $78.42 and a one year high of $146.32.

Dycom Industries (NYSE:DY) last issued its earnings results on Wednesday, February 28th. The construction company reported $0.79 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.15). The firm had revenue of $952.50 million during the quarter, compared to analyst estimates of $968.87 million. Dycom Industries had a net margin of 5.24% and a return on equity of 22.06%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.83 earnings per share. Sell-side analysts expect that Dycom Industries, Inc. will post 7.13 EPS for the current year.

Dycom Industries Company Profile

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.