Vontobel Holding Ltd. Invests $246,000 in Dycom Industries, Inc. (NYSE:DY)

Vontobel Holding Ltd. purchased a new stake in shares of Dycom Industries, Inc. (NYSE:DY) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,140 shares of the construction company’s stock, valued at approximately $246,000.

Several other large investors have also made changes to their positions in the company. Peconic Partners LLC lifted 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 period. FMR LLC lifted its stake in Dycom Industries by 3.0% in the third quarter. FMR LLC now owns 674,834 shares of the construction company’s stock valued at $60,060,000 after buying an additional 19,842 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Dycom Industries by 3.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 400,906 shares of the construction company’s stock valued at $35,681,000 after buying an additional 12,757 shares during the period. Neumeier Poma Investment Counsel LLC lifted its stake in Dycom Industries by 11.5% in the third quarter. Neumeier Poma Investment Counsel LLC now owns 368,545 shares of the construction company’s stock valued at $32,801,000 after buying an additional 38,050 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in Dycom Industries by 8.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 167,829 shares of the construction company’s stock valued at $14,937,000 after buying an additional 13,395 shares during the period. Institutional investors and hedge funds own 98.33% of the company’s stock.

Dycom Industries Trading Up 2.6 %

NYSE DY opened at $140.64 on Wednesday. The firm has a market cap of $4.09 billion, a P/E ratio of 19.05, a P/E/G ratio of 0.80 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. The stock’s 50-day moving average is $133.70 and its 200-day moving average is $113.16. Dycom Industries, Inc. has a one year low of $78.42 and a one year high of $146.32.

Dycom Industries (NYSE:DY) last released its quarterly 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 business had revenue of $952.50 million for the quarter, compared to analyst estimates of $968.87 million. Dycom Industries had a return on equity of 22.06% and a net margin of 5.24%. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.83 EPS. Sell-side analysts anticipate that Dycom Industries, Inc. will post 7.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on DY shares. B. Riley raised Dycom Industries from a “neutral” rating to a “buy” rating and increased their target price for the company from $101.00 to $172.00 in a research note on Friday, March 8th. KeyCorp increased their target price on Dycom Industries from $136.00 to $149.00 and gave the company 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. Based on data from MarketBeat, Dycom Industries currently has an average rating of “Buy” and an average price target of $135.50.

Insider Buying and Selling

In related news, VP Jason T. Lawson sold 220 shares of the 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 transaction, 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 can be accessed through this link. 4.25% of the stock is owned by corporate insiders.

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.