Los Angeles Capital Management LLC Sells 4,620 Shares of Dycom Industries, Inc. (NYSE:DY)

Los Angeles Capital Management LLC lessened its stake in Dycom Industries, Inc. (NYSE:DY - Free Report) by 55.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,688 shares of the construction company's stock after selling 4,620 shares during the quarter. Los Angeles Capital Management LLC's holdings in Dycom Industries were worth $727,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Ironwood Investment Management LLC lifted its position in Dycom Industries by 0.4% in the second quarter. Ironwood Investment Management LLC now owns 14,625 shares of the construction company's stock worth $2,468,000 after purchasing an additional 58 shares during the period. Anchor Investment Management LLC raised its holdings in shares of Dycom Industries by 50.4% in the 2nd quarter. Anchor Investment Management LLC now owns 194 shares of the construction company's stock worth $33,000 after purchasing an additional 65 shares in the last quarter. Somerset Trust Co lifted its stake in Dycom Industries by 1.6% during the second quarter. Somerset Trust Co now owns 4,448 shares of the construction company's stock valued at $751,000 after purchasing an additional 68 shares during the last quarter. Arizona State Retirement System grew its position in Dycom Industries by 1.0% in the second quarter. Arizona State Retirement System now owns 8,145 shares of the construction company's stock worth $1,375,000 after buying an additional 82 shares during the last quarter. Finally, Inspire Advisors LLC increased its holdings in shares of Dycom Industries by 1.3% in the second quarter. Inspire Advisors LLC now owns 7,059 shares of the construction company's stock valued at $1,191,000 after buying an additional 90 shares in the last quarter. Institutional investors own 98.33% of the company's stock.

Dycom Industries Stock Performance

Shares of DY stock traded up $2.86 during trading on Friday, reaching $187.52. The company had a trading volume of 571,774 shares, compared to its average volume of 290,885. Dycom Industries, Inc. has a one year low of $84.83 and a one year high of $207.20. 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 firm's 50 day simple moving average is $188.73 and its two-hundred day simple moving average is $177.48. The company has a market capitalization of $5.46 billion, a PE ratio of 23.30, a PEG ratio of 1.54 and a beta of 1.44.

Dycom Industries (NYSE:DY - Get Free Report) last released its quarterly earnings results on Wednesday, August 21st. The construction company reported $2.46 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.20 billion during the quarter, compared to analysts' expectations of $1.20 billion. During the same period in the prior year, the company earned $2.03 earnings per share. The business's quarterly revenue was up 15.5% compared to the same quarter last year. Sell-side analysts forecast that Dycom Industries, Inc. will post 7.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DY. B. Riley boosted their target price on Dycom Industries from $205.00 to $208.00 and gave the stock a "buy" rating in a research report on Thursday, August 22nd. KeyCorp upped their price target on shares of Dycom Industries from $200.00 to $227.00 and gave the company an "overweight" rating in a research report on Tuesday, October 8th. Wells Fargo & Company raised their price objective on shares of Dycom Industries from $200.00 to $215.00 and gave the stock an "overweight" rating in a research note on Friday. StockNews.com lowered Dycom Industries from a "buy" rating to a "hold" rating in a report on Friday, July 26th. Finally, Bank of America lifted their price target on Dycom Industries from $198.00 to $204.00 and gave the company a "buy" rating in a report on Friday, August 23rd. One equities 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. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $205.57.

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.