Capital Management Associates NY bought a new stake in Dycom Industries, Inc. (NYSE:DY) during the second quarter, Holdings Channel reports. The fund bought 6,000 shares of the construction company’s stock, valued at approximately $537,000.
Other large investors have also bought and sold shares of the company. Thrivent Financial for Lutherans boosted its stake in Dycom Industries by 9.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 5,380 shares of the construction company’s stock valued at $432,000 after buying an additional 460 shares during the period. Norges Bank acquired a new stake in Dycom Industries during the fourth quarter valued at about $12,808,000. Teachers Advisors LLC boosted its stake in Dycom Industries by 32.9% in the fourth quarter. Teachers Advisors LLC now owns 73,797 shares of the construction company’s stock valued at $5,925,000 after buying an additional 18,272 shares during the period. Capstone Asset Management Co. acquired a new stake in Dycom Industries during the first quarter valued at about $219,000. Finally, Campbell Newman Asset Management Inc. boosted its stake in Dycom Industries by 13.7% in the first quarter. Campbell Newman Asset Management Inc. now owns 4,632 shares of the construction company’s stock valued at $431,000 after buying an additional 559 shares during the period.
Shares of Dycom Industries, Inc. (NYSE:DY) opened at 90.99 on Thursday. Dycom Industries, Inc. has a 52 week low of $70.33 and a 52 week high of $110.64. The firm has a market capitalization of $2.83 billion, a PE ratio of 17.89 and a beta of 1.19. The stock has a 50 day moving average price of $89.66 and a 200-day moving average price of $91.07.
Dycom Industries (NYSE:DY) last announced its quarterly earnings results on Wednesday, May 24th. The construction company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.11. Dycom Industries had a return on equity of 28.96% and a net margin of 5.30%. The firm had revenue of $786.30 million during the quarter, compared to the consensus estimate of $736.20 million. During the same period in the prior year, the firm earned $1.08 EPS. The firm’s quarterly revenue was up 18.3% compared to the same quarter last year. Equities analysts anticipate that Dycom Industries, Inc. will post $5.23 earnings per share for the current year.
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DY has been the subject of several recent analyst reports. Wells Fargo & Company reissued an “overweight” rating on shares of Dycom Industries in a research note on Wednesday, April 19th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $120.00 price objective (up from $112.00) on shares of Dycom Industries in a research note on Saturday, April 22nd. Zacks Investment Research cut Dycom Industries from a “buy” rating to a “hold” rating in a research note on Monday, May 15th. FBR & Co reaffirmed an “outperform” rating and issued a $112.00 price objective (down from $120.00) on shares of Dycom Industries in a research note on Thursday, May 25th. Finally, ValuEngine raised Dycom Industries from a “hold” rating to a “buy” rating in a research note on Thursday, May 25th. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Dycom Industries presently has a consensus rating of “Buy” and an average price target of $102.09.
Dycom Industries Company Profile
Dycom Industries, Inc is a provider of specialty contracting services throughout the United States and in Canada. The Company, through its subsidiaries, provides program management, engineering, construction, maintenance and installation services for telecommunications providers, underground facility locating services for various utilities, including telecommunications providers, and other construction and maintenance services for electric and gas utilities.
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