4,352 Shares in Dycom Industries, Inc. (NYSE:DY) Acquired by Spire Wealth Management

Spire Wealth Management bought a new position in Dycom Industries, Inc. (NYSE:DY) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,352 shares of the construction company’s stock, valued at approximately $734,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Sage Rhino Capital LLC purchased a new stake in Dycom Industries in the second quarter worth approximately $210,000. Signaturefd LLC boosted its holdings in Dycom Industries by 196.7% in the second quarter. Signaturefd LLC now owns 359 shares of the construction company’s stock worth $61,000 after purchasing an additional 238 shares during the last quarter. Callahan Advisors LLC boosted its holdings in Dycom Industries by 4.0% in the second quarter. Callahan Advisors LLC now owns 31,741 shares of the construction company’s stock worth $5,357,000 after purchasing an additional 1,208 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Dycom Industries by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 230,216 shares of the construction company’s stock worth $38,851,000 after acquiring an additional 971 shares during the last quarter. Finally, EFG Asset Management North America Corp. boosted its stake in shares of Dycom Industries by 101.5% during the 2nd quarter. EFG Asset Management North America Corp. now owns 12,242 shares of the construction company’s stock worth $2,064,000 after acquiring an additional 6,166 shares during the last quarter. Hedge funds and other institutional investors own 98.33% of the company’s stock.

Insider Buying and Selling at Dycom Industries

In other Dycom Industries news, VP Jason T. Lawson sold 856 shares of Dycom Industries stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $174.48, for a total value of $149,354.88. Following the sale, the vice president now directly owns 6,937 shares in the company, valued at approximately $1,210,367.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 4.28% of the stock is currently owned by insiders.

Dycom Industries Stock Up 2.9 %

Shares of DY stock opened at $175.96 on Monday. The company has a market capitalization of $5.12 billion, a price-to-earnings ratio of 22.68, a PEG ratio of 1.88 and a beta of 1.45. Dycom Industries, Inc. has a one year low of $78.42 and a one year high of $196.34. The company’s fifty day moving average price is $176.79 and its 200-day moving average price is $157.90. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.44 and a quick ratio of 3.25.

Dycom Industries (NYSE:DY) last announced its quarterly earnings data on Wednesday, August 21st. The construction company reported $2.46 EPS for the quarter, beating the consensus estimate of $2.26 by $0.20. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.20 billion. Dycom Industries had a net margin of 5.37% and a return on equity of 22.28%. The company’s revenue was up 15.5% on a year-over-year basis. During the same period last year, the firm earned $2.03 EPS. Sell-side analysts expect that Dycom Industries, Inc. will post 7.97 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Raymond James lifted their price target on shares of Dycom Industries from $143.00 to $195.00 and gave the stock a “strong-buy” rating in a research note on Thursday, May 23rd. KeyCorp lifted their price target on shares of Dycom Industries from $195.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Wells Fargo & Company lifted their price target on shares of Dycom Industries from $185.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 17th. Craig Hallum lifted their price target on shares of Dycom Industries from $145.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Finally, UBS Group lifted their price target on shares of Dycom Industries from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. One 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. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $199.57.

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.