Raymond James & Associates Has $318,000 Stock Position in Dycom Industries, Inc. (NYSE:DY)

Raymond James & Associates increased its stake in Dycom Industries, Inc. (NYSE:DY) by 7.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,759 shares of the construction company’s stock after acquiring an additional 194 shares during the quarter. Raymond James & Associates’ holdings in Dycom Industries were worth $318,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Peconic Partners LLC lifted its stake in Dycom Industries by 2.9% in the third quarter. Peconic Partners LLC now owns 3,244,047 shares of the construction company’s stock valued at $288,720,000 after buying an additional 91,093 shares during the period. FMR LLC lifted its stake in Dycom Industries by 3.0% in the third quarter. FMR LLC now owns 674,834 shares of the construction company’s stock valued at $60,060,000 after buying an additional 19,842 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Dycom Industries by 3.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 400,906 shares of the construction company’s stock valued at $35,681,000 after buying an additional 12,757 shares during the period. Neumeier Poma Investment Counsel LLC lifted its stake in Dycom Industries by 11.5% in the third quarter. Neumeier Poma Investment Counsel LLC now owns 368,545 shares of the construction company’s stock valued at $32,801,000 after buying an additional 38,050 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Dycom Industries by 8.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 167,829 shares of the construction company’s stock valued at $14,937,000 after acquiring an additional 13,395 shares in the last quarter. 98.33% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Dycom Industries Trading Up 1.3 %

Shares of Dycom Industries stock opened at $142.76 on Monday. The stock has a fifty day simple moving average of $135.77 and a 200 day simple moving average of $114.70. Dycom Industries, Inc. has a 12-month low of $78.42 and a 12-month high of $146.32. The company has a market capitalization of $4.15 billion, a P/E ratio of 19.37, a price-to-earnings-growth ratio of 0.84 and a beta of 1.38. The company has a current ratio of 3.06, a quick ratio of 2.85 and a debt-to-equity ratio of 0.75.

Dycom Industries (NYSE:DY) last announced its quarterly earnings results on Wednesday, February 28th. The construction company reported $0.79 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $968.87 million. During the same quarter last year, the company posted $0.83 EPS. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Dycom Industries, Inc. will post 7.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on DY shares. B. Riley upgraded Dycom Industries from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $101.00 to $172.00 in a report on Friday, March 8th. KeyCorp boosted their price objective on Dycom Industries from $136.00 to $149.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. One 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, the stock has a consensus rating of “Buy” and a consensus price target of $135.50.

Dycom Industries Company 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.