Zurcher Kantonalbank Zurich Cantonalbank Has $970,000 Stake in Dycom Industries, Inc. (NYSE:DY)

Zurcher Kantonalbank Zurich Cantonalbank trimmed its position in Dycom Industries, Inc. (NYSE:DY) by 1.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 8,426 shares of the construction company’s stock after selling 166 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Dycom Industries were worth $970,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of DY. Assenagon Asset Management S.A. raised its stake in shares of Dycom Industries by 791.3% in the third quarter. Assenagon Asset Management S.A. now owns 117,864 shares of the construction company’s stock valued at $10,490,000 after purchasing an additional 104,640 shares in the last quarter. Peconic Partners LLC raised its stake in shares of Dycom Industries by 2.9% in the third quarter. Peconic Partners LLC now owns 3,244,047 shares of the construction company’s stock valued at $288,720,000 after purchasing an additional 91,093 shares in the last quarter. Kettle Hill Capital Management LLC raised its stake in shares of Dycom Industries by 66.1% in the third quarter. Kettle Hill Capital Management LLC now owns 166,304 shares of the construction company’s stock valued at $14,801,000 after purchasing an additional 66,192 shares in the last quarter. International Assets Investment Management LLC acquired a new position in Dycom Industries during the fourth quarter worth $6,623,000. Finally, Tudor Investment Corp Et Al acquired a new position in Dycom Industries during the third quarter worth $4,923,000. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Dycom Industries Price Performance

Shares of DY stock opened at $142.76 on Monday. The stock’s fifty day moving average is $135.77 and its 200-day moving average is $114.70. The stock has a market capitalization of $4.15 billion, a PE ratio of 19.37, a PEG ratio of 0.84 and a beta of 1.38. Dycom Industries, Inc. has a 52 week low of $78.42 and a 52 week high of $146.32. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.85 and a current ratio of 3.06.

Dycom Industries (NYSE:DY) last posted 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). The firm had revenue of $952.50 million during the quarter, compared to the consensus estimate of $968.87 million. Dycom Industries had a net margin of 5.24% and a return on equity of 22.06%. Dycom Industries’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.83 EPS. Equities research analysts expect that Dycom Industries, Inc. will post 7.13 EPS for the current fiscal year.

Insider Activity at Dycom Industries

In related 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 owns 7,793 shares in the company, valued at $1,093,124.11. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.28% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on DY shares. KeyCorp increased their price objective on Dycom Industries from $136.00 to $149.00 and gave the stock 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 price objective for the stock from $101.00 to $172.00 in a research note on Friday, March 8th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $135.50.

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.