Richard B. Vilsoet Sells 10,000 Shares of Dycom Industries, Inc. (DY) Stock
Dycom Industries, Inc. (NYSE:DY) VP Richard B. Vilsoet sold 10,000 shares of the stock in a transaction that occurred on Friday, January 13th. The stock was sold at an average price of $80.00, for a total transaction of $800,000.00. Following the sale, the vice president now owns 54,392 shares in the company, valued at $4,351,360. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Dycom Industries, Inc. (NYSE:DY) opened at 79.97 on Friday. Dycom Industries, Inc. has a 52-week low of $47.10 and a 52-week high of $98.45. The company has a 50 day moving average of $78.47 and a 200-day moving average of $84.43. The stock has a market capitalization of $2.52 billion, a P/E ratio of 17.53 and a beta of 1.28.
Dycom Industries (NYSE:DY) last announced its quarterly earnings results on Monday, November 21st. The company reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.02. The firm had revenue of $799.20 million for the quarter, compared to analysts’ expectations of $801.34 million. Dycom Industries had a net margin of 5.30% and a return on equity of 28.63%. Dycom Industries’s revenue was up 21.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.24 earnings per share. Equities research analysts anticipate that Dycom Industries, Inc. will post $5.11 EPS for the current year.
DY has been the topic of a number of research reports. Wells Fargo & Company reiterated a “buy” rating on shares of Dycom Industries in a report on Wednesday, September 28th. Zacks Investment Research upgraded shares of Dycom Industries from a “hold” rating to a “buy” rating and set a $95.00 target price on the stock in a report on Wednesday, October 5th. FBR & Co reiterated an “outperform” rating and set a $115.00 target price on shares of Dycom Industries in a report on Wednesday, December 7th. Finally, DA Davidson reissued a “buy” rating and issued a $105.00 price objective on shares of Dycom Industries in a research report on Tuesday, November 22nd. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Dycom Industries has a consensus rating of “Buy” and a consensus target price of $97.19.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Peconic Partners LLC boosted its position in shares of Dycom Industries by 10.4% in the third quarter. Peconic Partners LLC now owns 2,178,112 shares of the company’s stock worth $178,126,000 after buying an additional 204,845 shares during the period. York Capital Management Global Advisors LLC acquired a new position in shares of Dycom Industries during the third quarter worth $80,013,000. BlackRock Institutional Trust Company N.A. boosted its position in shares of Dycom Industries by 18.2% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 908,864 shares of the company’s stock worth $74,327,000 after buying an additional 140,267 shares during the period. Columbus Circle Investors boosted its position in shares of Dycom Industries by 7.5% in the second quarter. Columbus Circle Investors now owns 835,260 shares of the company’s stock worth $74,973,000 after buying an additional 58,538 shares during the period. Finally, Northern Trust Corp boosted its position in shares of Dycom Industries by 19.8% in the third quarter. Northern Trust Corp now owns 539,467 shares of the company’s stock worth $44,118,000 after buying an additional 89,279 shares during the period.
About Dycom Industries
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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