Louisiana State Employees Retirement System Buys Shares of 14,700 Dycom Industries, Inc. (NYSE:DY)

Louisiana State Employees Retirement System bought a new stake in Dycom Industries, Inc. (NYSE:DY) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 14,700 shares of the construction company’s stock, valued at approximately $1,692,000.

Several other large investors also recently bought and sold shares of DY. BlackRock Inc. boosted its stake in shares of Dycom Industries by 40.1% during the first quarter. BlackRock Inc. now owns 4,639,633 shares of the construction company’s stock valued at $434,502,000 after acquiring an additional 1,327,595 shares during the last quarter. Peconic Partners LLC boosted its stake in shares of Dycom Industries by 2.9% during the third quarter. Peconic Partners LLC now owns 3,244,047 shares of the construction company’s stock valued at $288,720,000 after acquiring an additional 91,093 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Dycom Industries by 0.7% during the third quarter. Vanguard Group Inc. now owns 2,753,480 shares of the construction company’s stock valued at $263,040,000 after acquiring an additional 18,125 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of Dycom Industries by 43.5% during the fourth quarter. Alliancebernstein L.P. now owns 1,728,780 shares of the construction company’s stock valued at $161,814,000 after acquiring an additional 524,292 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of Dycom Industries by 0.5% during the second quarter. State Street Corp now owns 1,032,615 shares of the construction company’s stock valued at $117,357,000 after acquiring an additional 5,262 shares during the last quarter. Institutional investors and hedge funds own 98.33% of the company’s stock.

Dycom Industries Stock Performance

Dycom Industries stock opened at $135.62 on Friday. The stock’s 50-day moving average is $133.32 and its 200-day moving average is $112.42. The company has a market cap of $3.95 billion, a price-to-earnings ratio of 18.40, a price-to-earnings-growth ratio of 0.79 and a beta of 1.38. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.06 and a quick ratio of 2.85. Dycom Industries, Inc. has a 12 month low of $78.42 and a 12 month high of $146.32.

Dycom Industries (NYSE:DY) last released its quarterly earnings data 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 analysts’ expectations of $968.87 million. Dycom Industries had a return on equity of 22.06% and a net margin of 5.24%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.83 earnings per share. Equities analysts anticipate that Dycom Industries, Inc. will post 7.13 earnings per share for the current year.

Insider Transactions at Dycom Industries

In other news, VP Jason T. Lawson sold 220 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $140.27, for a total value of $30,859.40. Following the transaction, the vice president now directly owns 7,793 shares in the company, valued at approximately $1,093,124.11. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 4.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. KeyCorp increased their price objective on Dycom Industries from $136.00 to $149.00 and gave the company an “overweight” rating in a research note on Thursday, February 29th. B. Riley upgraded Dycom Industries from a “neutral” rating to a “buy” rating and increased their target price for the stock from $101.00 to $172.00 in a research report on Friday, March 8th. One 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’s stock. According to MarketBeat, Dycom Industries has a consensus rating of “Buy” and a consensus target price of $135.50.

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.