Signaturefd LLC Buys 238 Shares of Dycom Industries, Inc. (NYSE:DY)

Signaturefd LLC lifted its stake in Dycom Industries, Inc. (NYSE:DY) by 196.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 359 shares of the construction company’s stock after purchasing an additional 238 shares during the period. Signaturefd LLC’s holdings in Dycom Industries were worth $61,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Callahan Advisors LLC lifted its stake in shares of Dycom Industries by 4.0% in the 2nd quarter. Callahan Advisors LLC now owns 31,741 shares of the construction company’s stock valued at $5,357,000 after purchasing an additional 1,208 shares during the period. Bank of New York Mellon Corp lifted its stake in Dycom Industries by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 230,216 shares of the construction company’s stock valued at $38,851,000 after buying an additional 971 shares during the period. EFG Asset Management North America Corp. boosted its holdings in Dycom Industries by 101.5% during the second quarter. EFG Asset Management North America Corp. now owns 12,242 shares of the construction company’s stock worth $2,064,000 after buying an additional 6,166 shares during the last quarter. IMA Advisory Services Inc. acquired a new position in shares of Dycom Industries during the 2nd quarter worth about $264,000. Finally, Louisiana State Employees Retirement System increased its stake in shares of Dycom Industries by 0.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 14,600 shares of the construction company’s stock valued at $2,464,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 98.33% of the company’s stock.

Wall Street Analyst Weigh In

DY has been the topic of a number of recent analyst reports. B. Riley lifted their price target on shares of Dycom Industries from $205.00 to $208.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Bank of America lifted their target price on Dycom Industries from $198.00 to $204.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. UBS Group increased their price target on Dycom Industries from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. StockNews.com cut Dycom Industries from a “buy” rating to a “hold” rating in a report on Friday, July 26th. Finally, Raymond James increased their target price on Dycom Industries from $143.00 to $195.00 and gave the stock a “strong-buy” rating in a research note on Thursday, May 23rd. 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $199.57.

Insider Buying and Selling

In related news, VP Jason T. Lawson sold 856 shares of the company’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $174.48, for a total transaction of $149,354.88. Following the sale, the vice president now owns 6,937 shares in the company, valued at approximately $1,210,367.76. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.28% of the stock is owned by insiders.

Dycom Industries Stock Performance

Shares of NYSE:DY opened at $173.39 on Thursday. Dycom Industries, Inc. has a 1 year low of $78.42 and a 1 year high of $196.34. The stock has a market capitalization of $5.04 billion, a price-to-earnings ratio of 22.34, a price-to-earnings-growth ratio of 1.88 and a beta of 1.45. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.44 and a quick ratio of 3.25. The company’s 50 day simple moving average is $177.13 and its 200 day simple moving average is $158.80.

Dycom Industries (NYSE:DY) last posted its earnings results on Wednesday, August 21st. The construction company reported $2.46 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $0.20. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the firm posted $2.03 earnings per share. As a group, research analysts predict that Dycom Industries, Inc. will post 7.97 EPS for the current fiscal year.

About Dycom Industries

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.