Xponance Inc. Takes Position in Dycom Industries, Inc. (NYSE:DY)

Xponance Inc. acquired a new stake in shares of Dycom Industries, Inc. (NYSE:DY) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,183 shares of the construction company’s stock, valued at approximately $366,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Keel Point LLC lifted its position in shares of Dycom Industries by 11.6% during the 4th quarter. Keel Point LLC now owns 3,607 shares of the construction company’s stock valued at $415,000 after acquiring an additional 374 shares during the last quarter. Mackenzie Financial Corp acquired a new stake in shares of Dycom Industries during the 4th quarter valued at $207,000. Strs Ohio lifted its position in shares of Dycom Industries by 50.0% during the 4th quarter. Strs Ohio now owns 1,500 shares of the construction company’s stock valued at $172,000 after acquiring an additional 500 shares during the last quarter. Vontobel Holding Ltd. purchased a new stake in shares of Dycom Industries in the fourth quarter valued at $246,000. Finally, Louisiana State Employees Retirement System purchased a new stake in shares of Dycom Industries in the fourth quarter valued at $1,692,000. Institutional investors and hedge funds own 98.33% of the company’s stock.

Dycom Industries Trading Up 1.3 %

NYSE DY opened at $142.76 on Friday. Dycom Industries, Inc. has a 1-year low of $78.42 and a 1-year high of $146.32. 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 company has a market capitalization of $4.15 billion, a PE ratio of 19.37, a price-to-earnings-growth ratio of 0.83 and a beta of 1.38. The firm’s fifty day simple moving average is $135.77 and its 200-day simple moving average is $114.32.

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

Analyst Upgrades and Downgrades

DY has been the subject of a number of research analyst reports. KeyCorp increased their target price on Dycom Industries from $136.00 to $149.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. B. Riley upgraded 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 report on Friday, March 8th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $135.50.

Insider Transactions at Dycom Industries

In other news, VP Jason T. Lawson sold 220 shares of the company’s stock in a transaction on Monday, April 1st. The shares were 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 of the company’s stock, valued at $1,093,124.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 4.28% of the stock is currently owned by company insiders.

Dycom Industries 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.