Impax Asset Management Group plc decreased its holdings in Dycom Industries, Inc. (NYSE:DY - Free Report) by 36.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,500 shares of the construction company's stock after selling 12,500 shares during the period. Impax Asset Management Group plc owned 0.07% of Dycom Industries worth $4,238,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in DY. KBC Group NV lifted its position in Dycom Industries by 18.0% in the third quarter. KBC Group NV now owns 872 shares of the construction company's stock worth $172,000 after buying an additional 133 shares during the last quarter. Oppenheimer & Co. Inc. lifted its holdings in shares of Dycom Industries by 17.2% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 7,270 shares of the construction company's stock worth $1,433,000 after acquiring an additional 1,069 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Dycom Industries by 61.6% in the 3rd quarter. Victory Capital Management Inc. now owns 13,906 shares of the construction company's stock worth $2,741,000 after acquiring an additional 5,303 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd bought a new position in Dycom Industries during the 3rd quarter valued at about $5,417,000. Finally, GSA Capital Partners LLP bought a new position in Dycom Industries during the 3rd quarter valued at about $2,133,000. Hedge funds and other institutional investors own 98.33% of the company's stock.
Dycom Industries Stock Up 1.5 %
NYSE:DY traded up $2.86 during mid-day trading on Friday, reaching $187.52. The company's stock had a trading volume of 571,774 shares, compared to its average volume of 290,885. The company has a quick ratio of 3.25, a current ratio of 3.44 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $5.46 billion, a PE ratio of 23.30, a price-to-earnings-growth ratio of 1.54 and a beta of 1.44. The stock has a fifty day moving average of $188.73 and a 200-day moving average of $177.48. Dycom Industries, Inc. has a 1 year low of $84.83 and a 1 year high of $207.20.
Dycom Industries (NYSE:DY - Get Free Report) last announced its earnings results on Wednesday, August 21st. The construction company reported $2.46 EPS for the quarter, topping analysts' consensus estimates of $2.26 by $0.20. Dycom Industries had a net margin of 5.37% and a return on equity of 22.28%. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the previous year, the company posted $2.03 earnings per share. The firm's revenue was up 15.5% on a year-over-year basis. Equities research analysts forecast that Dycom Industries, Inc. will post 7.96 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on the company. Bank of America boosted their target price on Dycom Industries from $198.00 to $204.00 and gave the company a "buy" rating in a research report on Friday, August 23rd. KeyCorp boosted their price objective on Dycom Industries from $200.00 to $227.00 and gave the company an "overweight" rating in a report on Tuesday, October 8th. B. Riley upped their price objective on Dycom Industries from $205.00 to $208.00 and gave the company a "buy" rating in a research report on Thursday, August 22nd. Wells Fargo & Company lifted their target price on Dycom Industries from $200.00 to $215.00 and gave the stock an "overweight" rating in a research report on Friday. Finally, StockNews.com cut shares of Dycom Industries from a "buy" rating to a "hold" rating in a report on Friday, July 26th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $205.57.
Read Our Latest Stock Analysis on Dycom Industries
About Dycom Industries
(
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.
Further Reading
Before you consider Dycom Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Dycom Industries wasn't on the list.
While Dycom Industries currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
