Chartwell Investment Partners LLC Has $26.54 Million Stock Holdings in Dycom Industries, Inc. (NYSE:DY)

Chartwell Investment Partners LLC trimmed its holdings in Dycom Industries, Inc. (NYSE:DY) by 0.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 285,850 shares of the construction company’s stock after selling 324 shares during the quarter. Dycom Industries comprises about 0.8% of Chartwell Investment Partners LLC’s portfolio, making the stock its 14th biggest position. Chartwell Investment Partners LLC owned approximately 0.93% of Dycom Industries worth $26,541,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Squarepoint Ops LLC grew its holdings in shares of Dycom Industries by 92.7% in the fourth quarter. Squarepoint Ops LLC now owns 35,463 shares of the construction company’s stock valued at $2,678,000 after acquiring an additional 17,059 shares in the last quarter. First Washington CORP grew its holdings in Dycom Industries by 1.0% during the fourth quarter. First Washington CORP now owns 132,438 shares of the construction company’s stock valued at $10,002,000 after purchasing an additional 1,290 shares during the period. Peconic Partners LLC grew its holdings in Dycom Industries by 8,350.1% during the fourth quarter. Peconic Partners LLC now owns 507,005 shares of the construction company’s stock valued at $38,289,000 after purchasing an additional 501,005 shares during the period. Concord Wealth Partners bought a new position in Dycom Industries during the fourth quarter valued at $1,639,000. Finally, Gryphon Financial Partners LLC grew its holdings in Dycom Industries by 40.5% during the fourth quarter. Gryphon Financial Partners LLC now owns 193,635 shares of the construction company’s stock valued at $14,623,000 after purchasing an additional 55,843 shares during the period. 94.92% of the stock is currently owned by institutional investors.

In other news, Director Patricia Higgins sold 3,616 shares of the firm’s stock in a transaction dated Monday, April 5th. The stock was sold at an average price of $94.11, for a total transaction of $340,301.76. Following the transaction, the director now directly owns 39,506 shares of the company’s stock, valued at $3,717,909.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Sharon Villaverde sold 1,560 shares of the firm’s stock in a transaction dated Thursday, April 1st. The shares were sold at an average price of $93.46, for a total value of $145,797.60. Following the transaction, the chief accounting officer now directly owns 7,759 shares in the company, valued at $725,156.14. The disclosure for this sale can be found here. Company insiders own 5.66% of the company’s stock.

DY has been the subject of several research reports. TheStreet raised Dycom Industries from a “d+” rating to a “c-” rating in a report on Tuesday, March 2nd. Craig Hallum increased their target price on Dycom Industries from $72.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, March 4th. DA Davidson increased their target price on Dycom Industries from $80.00 to $105.00 in a research report on Thursday, March 4th. Finally, Wells Fargo & Company restated an “equal weight” rating and set a $88.00 target price on shares of Dycom Industries in a research report on Wednesday, March 10th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $94.33.

Shares of DY stock traded down $1.72 on Wednesday, reaching $94.34. The company’s stock had a trading volume of 348 shares, compared to its average volume of 377,277. The company has a quick ratio of 2.58, a current ratio of 2.73 and a debt-to-equity ratio of 0.54. Dycom Industries, Inc. has a 12-month low of $25.15 and a 12-month high of $101.16. The company has a market capitalization of $2.89 billion, a P/E ratio of 117.15 and a beta of 1.62. The stock’s 50 day simple moving average is $93.55 and its 200-day simple moving average is $82.70.

Dycom Industries (NYSE:DY) last released its quarterly earnings results on Tuesday, March 2nd. The construction company reported ($0.07) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.11). Dycom Industries had a net margin of 0.86% and a return on equity of 8.77%. The firm had revenue of $750.60 million for the quarter, compared to analysts’ expectations of $724.67 million. During the same quarter in the previous year, the business earned ($0.23) EPS. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. Research analysts expect that Dycom Industries, Inc. will post 2.66 EPS for the current year.

Dycom Industries Profile

Dycom Industries, Inc provides specialty contracting services in the United States. The company offers various specialty contracting services, including program management, engineering, construction, maintenance, and installation services, such as placement and splicing of fiber, copper, and coaxial cables to telecommunications providers.

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Institutional Ownership by Quarter for Dycom Industries (NYSE:DY)

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