Natixis Advisors L.P. Has $3.29 Million Stock Position in Dycom Industries, Inc. (NYSE:DY)

Natixis Advisors L.P. lessened its stake in Dycom Industries, Inc. (NYSE:DY) by 10.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 28,560 shares of the construction company’s stock after selling 3,463 shares during the quarter. Natixis Advisors L.P.’s holdings in Dycom Industries were worth $3,286,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Thompson Davis & CO. Inc. lifted its stake in Dycom Industries by 4.0% in the 4th quarter. Thompson Davis & CO. Inc. now owns 2,600 shares of the construction company’s stock valued at $299,000 after acquiring an additional 100 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Dycom Industries by 15.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 974 shares of the construction company’s stock worth $87,000 after purchasing an additional 132 shares in the last quarter. Raymond James & Associates boosted its holdings in Dycom Industries by 7.6% during the fourth quarter. Raymond James & Associates now owns 2,759 shares of the construction company’s stock worth $318,000 after purchasing an additional 194 shares during the last quarter. Schechter Investment Advisors LLC grew its position in Dycom Industries by 1.0% in the third quarter. Schechter Investment Advisors LLC now owns 21,184 shares of the construction company’s stock valued at $1,885,000 after purchasing an additional 210 shares in the last quarter. Finally, Keel Point LLC increased its stake in Dycom Industries by 11.6% in the 4th quarter. Keel Point LLC now owns 3,607 shares of the construction company’s stock valued at $415,000 after buying an additional 374 shares during the last quarter. Institutional investors own 98.33% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. B. Riley upgraded Dycom Industries from a “neutral” rating to a “buy” rating and raised their price objective for the company from $101.00 to $172.00 in a report on Friday, March 8th. KeyCorp raised their price target 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $135.50.

Dycom Industries Trading Down 0.3 %

Shares of NYSE:DY opened at $150.57 on Monday. Dycom Industries, Inc. has a 52-week low of $78.42 and a 52-week high of $153.01. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.85 and a current ratio of 3.06. The company has a market capitalization of $4.38 billion, a P/E ratio of 20.43, a price-to-earnings-growth ratio of 1.97 and a beta of 1.37. The company has a 50-day simple moving average of $140.56 and a 200 day simple moving average of $119.00.

Dycom Industries (NYSE:DY) last released its quarterly earnings data on Wednesday, February 28th. The construction company reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.15). The business 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 quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.83 earnings per share. Sell-side analysts forecast that Dycom Industries, Inc. will post 7.14 earnings per share for the current year.

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 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 in the company, valued at $1,093,124.11. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 4.28% of the company’s stock.

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.