Callahan Advisors LLC boosted its stake in shares of Dycom Industries Inc. (NYSE:DY) by 117.8% during the second quarter, Holdings Channel reports. The fund owned 37,565 shares of the company’s stock after buying an additional 20,320 shares during the period. Callahan Advisors LLC’s holdings in Dycom Industries were worth $3,372,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of DY. Financial Architects Inc boosted its position in Dycom Industries by 1,266.3% in the second quarter. Financial Architects Inc now owns 1,339 shares of the company’s stock worth $120,000 after buying an additional 1,241 shares during the last quarter. Foundry Partners LLC acquired a new position in Dycom Industries during the second quarter worth $247,000. Concorde Asset Management LLC acquired a new position in Dycom Industries during the second quarter worth $256,000. M&T Bank Corp boosted its position in Dycom Industries by 1.0% in the first quarter. M&T Bank Corp now owns 4,351 shares of the company’s stock worth $281,000 after buying an additional 41 shares during the last quarter. Finally, UMB Bank N A MO acquired a new position in Dycom Industries during the first quarter worth $317,000.

Dycom Industries Inc. (NYSE:DY) traded up 3.33% during midday trading on Monday, hitting $80.79. The stock had a trading volume of 627,982 shares. Dycom Industries Inc. has a 12-month low of $47.10 and a 12-month high of $98.45. The stock has a 50-day moving average price of $86.50 and a 200 day moving average price of $79.02. The firm has a market cap of $2.54 billion, a P/E ratio of 20.77 and a beta of 1.56.

Dycom Industries (NYSE:DY) last released its quarterly earnings results on Tuesday, August 23rd. The company reported $1.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.55 by $0.09. Dycom Industries had a return on equity of 27.39% and a net margin of 4.82%. The firm had revenue of $789.16 million for the quarter, compared to analyst estimates of $770.66 million. During the same quarter last year, the company posted $0.97 earnings per share. The business’s revenue was up 36.4% on a year-over-year basis. On average, equities analysts anticipate that Dycom Industries Inc. will post $5.37 earnings per share for the current fiscal year.

A number of research firms recently weighed in on DY. Vetr cut Dycom Industries from a “hold” rating to a “sell” rating and set a $90.92 price target for the company. in a report on Monday, August 8th. DA Davidson set a $110.00 price target on Dycom Industries and gave the stock a “buy” rating in a report on Monday, August 22nd. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $98.57.

In other news, VP Richard B. Vilsoet sold 28,642 shares of Dycom Industries stock in a transaction that occurred on Friday, July 8th. The shares were sold at an average price of $93.56, for a total transaction of $2,679,745.52. Following the completion of the sale, the vice president now directly owns 49,307 shares in the company, valued at approximately $4,613,162.92. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Rebecca Brightly Roach sold 1,000 shares of Dycom Industries stock in a transaction that occurred on Friday, July 8th. The shares were sold at an average price of $94.37, for a total transaction of $94,370.00. Following the sale, the chief accounting officer now owns 8,534 shares of the company’s stock, valued at $805,353.58. The disclosure for this sale can be found here. 4.96% of the stock is owned by company insiders.

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 engineering, construction, maintenance and installation services to telecommunications providers, underground facility locating services to various utilities, including telecommunications providers, and other construction and maintenance services to electric and gas utilities.

5 Day Chart for NYSE:DY

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