Vontobel Holding Ltd. Takes $246,000 Position in Dycom Industries, Inc. (NYSE:DY)

Vontobel Holding Ltd. acquired a new stake in shares of Dycom Industries, Inc. (NYSE:DY) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,140 shares of the construction company’s stock, valued at approximately $246,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Louisiana State Employees Retirement System acquired a new stake in Dycom Industries during the 4th quarter worth approximately $1,692,000. International Assets Investment Management LLC bought a new position in Dycom Industries during the fourth quarter worth $6,623,000. Wakefield Asset Management LLLP lifted its stake in Dycom Industries by 11.1% during the fourth quarter. Wakefield Asset Management LLLP now owns 8,316 shares of the construction company’s stock worth $957,000 after purchasing an additional 833 shares during the last quarter. Callahan Advisors LLC lifted its stake in Dycom Industries by 57.6% during the fourth quarter. Callahan Advisors LLC now owns 22,657 shares of the construction company’s stock worth $2,608,000 after purchasing an additional 8,277 shares during the last quarter. Finally, Cubic Asset Management LLC lifted its stake in Dycom Industries by 171.6% during the fourth quarter. Cubic Asset Management LLC now owns 11,882 shares of the construction company’s stock worth $1,367,000 after purchasing an additional 7,507 shares during the last quarter. Institutional investors and hedge funds own 98.33% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. B. Riley upgraded Dycom Industries from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $101.00 to $172.00 in a research note on Friday, March 8th. KeyCorp raised 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. One research 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 data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $135.50.

Dycom Industries Price Performance

Shares of NYSE DY opened at $140.64 on Wednesday. Dycom Industries, Inc. has a 1-year low of $78.42 and a 1-year high of $146.32. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.06 and a quick ratio of 2.85. The business’s fifty day moving average price is $133.70 and its two-hundred day moving average price is $113.16. The firm has a market capitalization of $4.09 billion, a PE ratio of 19.05, a P/E/G ratio of 0.80 and a beta of 1.38.

Dycom Industries (NYSE:DY) last issued its earnings results on Wednesday, February 28th. The construction company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.15). Dycom Industries had a return on equity of 22.06% and a net margin of 5.24%. The company had revenue of $952.50 million during the quarter, compared to analyst estimates of $968.87 million. During the same period in the prior year, the business earned $0.83 earnings per share. Dycom Industries’s quarterly revenue was up 3.8% on a year-over-year basis. On average, research analysts expect that Dycom Industries, Inc. will post 7.13 EPS for the current year.

Insider Activity

In other news, VP Jason T. Lawson sold 220 shares of the firm’s stock in a transaction 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 directly owns 7,793 shares of the company’s stock, valued at $1,093,124.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.25% 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.