Thurston Springer Miller Herd & Titak Inc. Raises Holdings in Dycom Industries, Inc. (NYSE:DY)

Thurston Springer Miller Herd & Titak Inc. raised its position in Dycom Industries, Inc. (NYSE:DY - Free Report) by 41.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 4,528 shares of the construction company's stock after acquiring an additional 1,328 shares during the period. Thurston Springer Miller Herd & Titak Inc.'s holdings in Dycom Industries were worth $788,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. American Century Companies Inc. lifted its position in Dycom Industries by 32.0% in the second quarter. American Century Companies Inc. now owns 17,547 shares of the construction company's stock valued at $2,961,000 after purchasing an additional 4,255 shares during the period. Thoroughbred Financial Services LLC acquired a new stake in shares of Dycom Industries in the 2nd quarter valued at approximately $285,000. Renaissance Technologies LLC lifted its holdings in shares of Dycom Industries by 2,543.6% in the 2nd quarter. Renaissance Technologies LLC now owns 103,100 shares of the construction company's stock valued at $17,399,000 after buying an additional 99,200 shares during the period. Hsbc Holdings PLC boosted its stake in shares of Dycom Industries by 193.7% in the second quarter. Hsbc Holdings PLC now owns 7,819 shares of the construction company's stock valued at $1,317,000 after buying an additional 5,157 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in Dycom Industries during the second quarter worth $559,000. Hedge funds and other institutional investors own 98.33% of the company's stock.

Insider Activity at Dycom Industries

In other Dycom Industries news, Director Peter T. Pruitt, Jr. sold 2,900 shares of the firm's stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $175.08, for a total transaction of $507,732.00. Following the sale, the director now directly owns 14,533 shares of the company's stock, valued at $2,544,437.64. This trade represents a 16.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jennifer M. Fritzsche sold 430 shares of Dycom Industries stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $173.11, for a total transaction of $74,437.30. Following the sale, the director now owns 8,873 shares of the company's stock, valued at approximately $1,536,005.03. This trade represents a 4.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.28% of the stock is owned by corporate insiders.

Dycom Industries Price Performance

Shares of NYSE DY traded down $1.06 on Thursday, hitting $189.58. The company's stock had a trading volume of 383,323 shares, compared to its average volume of 333,922. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.12 and a quick ratio of 2.93. The stock has a 50 day moving average of $181.59 and a 200-day moving average of $182.30. Dycom Industries, Inc. has a 12-month low of $109.87 and a 12-month high of $207.20. The company has a market capitalization of $5.53 billion, a price-to-earnings ratio of 24.94, a price-to-earnings-growth ratio of 1.63 and a beta of 1.43.

Wall Street Analyst Weigh In

A number of research firms have commented on DY. Wells Fargo & Company raised their target price on Dycom Industries from $200.00 to $215.00 and gave the company an "overweight" rating in a report on Friday, November 15th. KeyCorp raised their price objective on shares of Dycom Industries from $227.00 to $229.00 and gave the company an "overweight" rating in a research note on Wednesday, January 8th. Finally, DA Davidson restated a "buy" rating and set a $210.00 target price on shares of Dycom Industries in a research report on Tuesday, November 19th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $206.38.

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.