Corient Private Wealth LLC Increases Stock Position in Dycom Industries, Inc. (NYSE:DY)

Corient Private Wealth LLC increased its position in Dycom Industries, Inc. (NYSE:DYFree Report) by 144.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,954 shares of the construction company’s stock after acquiring an additional 4,115 shares during the period. Corient Private Wealth LLC’s holdings in Dycom Industries were worth $800,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in DY. Thompson Davis & CO. Inc. boosted its position in shares of Dycom Industries by 4.0% during the fourth quarter. Thompson Davis & CO. Inc. now owns 2,600 shares of the construction company’s stock worth $299,000 after acquiring an additional 100 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in Dycom Industries by 26.4% in the fourth quarter. Quadrant Capital Group LLC now owns 770 shares of the construction company’s stock worth $89,000 after acquiring an additional 161 shares in the last quarter. Raymond James & Associates raised its stake in Dycom Industries by 7.6% in the 4th quarter. Raymond James & Associates now owns 2,759 shares of the construction company’s stock worth $318,000 after acquiring an additional 194 shares during the last quarter. NBC Securities Inc. increased its stake in shares of Dycom Industries by 2.8% in the fourth quarter. NBC Securities Inc. now owns 8,076 shares of the construction company’s stock worth $929,000 after acquiring an additional 223 shares during the period. Finally, Keel Point LLC lifted its holdings in Dycom Industries by 11.6% in the fourth 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 period. 98.33% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on DY shares. Bank of America boosted their price objective on Dycom Industries from $160.00 to $198.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. StockNews.com downgraded Dycom Industries from a “buy” rating to a “hold” rating in a report on Friday, May 31st. UBS Group lifted their price objective on shares of Dycom Industries from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Wells Fargo & Company increased their price target on shares of Dycom Industries from $165.00 to $175.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. Finally, B. Riley lifted their price objective on shares of Dycom Industries from $172.00 to $205.00 and gave the company a “buy” rating in a research note on Friday, May 31st. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $191.71.

Check Out Our Latest Analysis on DY

Insider Activity at Dycom Industries

In other Dycom Industries news, VP Jason T. Lawson sold 220 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $140.27, for a total transaction of $30,859.40. Following the transaction, the vice president now owns 7,793 shares of the company’s stock, valued at approximately $1,093,124.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.28% of the stock is owned by corporate insiders.

Dycom Industries Stock Performance

NYSE:DY opened at $175.95 on Wednesday. Dycom Industries, Inc. has a twelve month low of $78.42 and a twelve month high of $186.47. The company has a 50-day moving average of $149.13 and a 200-day moving average of $128.25. The firm has a market cap of $5.12 billion, a price-to-earnings ratio of 22.63, a price-to-earnings-growth ratio of 1.98 and a beta of 1.47. The company has a current ratio of 3.17, a quick ratio of 2.97 and a debt-to-equity ratio of 0.78.

Dycom Industries (NYSE:DYGet Free Report) last released its quarterly earnings results on Wednesday, May 22nd. The construction company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.73. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.09 billion. Dycom Industries had a return on equity of 22.15% and a net margin of 5.38%. The firm’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.73 EPS. Analysts forecast that Dycom Industries, Inc. will post 7.78 earnings per share for the current fiscal year.

Dycom Industries Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Dycom Industries (NYSE:DY)

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