Ironwood Investment Management LLC boosted its stake in shares of Dycom Industries, Inc. (NYSE:DY) by 17.4% during the second quarter, Holdings Channel reports. The institutional investor owned 9,008 shares of the construction company’s stock after buying an additional 1,338 shares during the period. Ironwood Investment Management LLC’s holdings in Dycom Industries were worth $806,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Acrospire Investment Management LLC purchased a new position in shares of Dycom Industries during the first quarter valued at about $121,000. GW&K Investment Management LLC purchased a new position in shares of Dycom Industries during the second quarter valued at about $2,988,000. Thrivent Financial for Lutherans boosted its position in shares of 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 in the last quarter. EULAV Asset Management purchased a new position in shares of Dycom Industries during the first quarter valued at about $1,162,000. Finally, Norges Bank purchased a new position in shares of Dycom Industries during the fourth quarter valued at about $12,808,000.
Shares of Dycom Industries, Inc. (NYSE:DY) opened at 84.21 on Friday. Dycom Industries, Inc. has a 12 month low of $70.33 and a 12 month high of $110.64. The stock has a market capitalization of $2.62 billion, a price-to-earnings ratio of 16.56 and a beta of 1.18. The firm’s 50 day moving average is $90.07 and its 200 day moving average is $91.52.
Dycom Industries (NYSE:DY) last issued its quarterly earnings results on Wednesday, May 24th. The construction company reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.11. The company had revenue of $786.30 million for the quarter, compared to analyst estimates of $736.20 million. Dycom Industries had a return on equity of 28.96% and a net margin of 5.30%. The company’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same period last year, the company earned $1.08 earnings per share. On average, equities analysts predict that Dycom Industries, Inc. will post $5.23 earnings per share for the current fiscal year.
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Several equities analysts have issued reports on DY shares. ValuEngine cut shares of Dycom Industries from a “buy” rating to a “hold” rating in a research note on Thursday, June 1st. Zacks Investment Research cut shares of Dycom Industries from a “buy” rating to a “hold” rating in a research note on Monday, May 15th. Wells Fargo & Company reissued an “overweight” rating on shares of Dycom Industries in a research note on Wednesday, April 19th. Stifel Nicolaus reissued 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. Finally, DA Davidson reissued a “neutral” rating and issued a $97.00 price objective (down from $105.00) on shares of Dycom Industries in a research note on Sunday, May 28th. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Dycom Industries has a consensus rating of “Buy” and an average target price 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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