Montag A & Associates Inc. raised its position in shares of Dycom Industries, Inc. (NYSE:DY) by 1.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 67,713 shares of the construction company’s stock after acquiring an additional 799 shares during the quarter. Montag A & Associates Inc.’s holdings in Dycom Industries were worth $6,400,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Amalgamated Bank boosted its position in shares of Dycom Industries by 13.3% during the 2nd quarter. Amalgamated Bank now owns 4,931 shares of the construction company’s stock worth $466,000 after purchasing an additional 578 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Dycom Industries by 2.8% during the 2nd quarter. Arizona State Retirement System now owns 21,658 shares of the construction company’s stock worth $2,047,000 after purchasing an additional 589 shares in the last quarter. Gamco Investors INC. ET AL boosted its position in shares of Dycom Industries by 3.9% during the 1st quarter. Gamco Investors INC. ET AL now owns 16,080 shares of the construction company’s stock worth $1,731,000 after purchasing an additional 600 shares in the last quarter. Cim Investment Mangement Inc. boosted its position in shares of Dycom Industries by 33.3% during the 2nd quarter. Cim Investment Mangement Inc. now owns 2,599 shares of the construction company’s stock worth $246,000 after purchasing an additional 649 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Dycom Industries by 1.1% during the 2nd quarter. Rhumbline Advisers now owns 64,486 shares of the construction company’s stock worth $6,095,000 after purchasing an additional 676 shares in the last quarter.

In other Dycom Industries news, Director Richard K. Sykes purchased 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 30th. The shares were acquired at an average price of $94.81 per share, with a total value of $189,620.00. Following the transaction, the director now owns 3,934 shares in the company, valued at $372,982.54. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.39% of the stock is currently owned by company insiders.

A number of equities analysts have recently issued reports on DY shares. Zacks Investment Research raised shares of Dycom Industries from a “hold” rating to a “buy” rating and set a $116.00 price objective on the stock in a research report on Tuesday, May 1st. ValuEngine cut shares of Dycom Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, May 22nd. KeyCorp cut their price objective on shares of Dycom Industries from $123.00 to $112.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 23rd. Stifel Nicolaus cut their price objective on shares of Dycom Industries from $126.00 to $117.00 and set a “buy” rating on the stock in a research report on Wednesday, May 23rd. Finally, Craig Hallum cut their price objective on shares of Dycom Industries from $129.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, May 23rd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $104.45.

Shares of NYSE DY opened at $77.21 on Friday. Dycom Industries, Inc. has a fifty-two week low of $67.15 and a fifty-two week high of $123.99. The stock has a market capitalization of $2.80 billion, a P/E ratio of 27.77, a price-to-earnings-growth ratio of 1.57 and a beta of 1.29. The company has a current ratio of 3.39, a quick ratio of 3.09 and a debt-to-equity ratio of 0.98.

Dycom Industries (NYSE:DY) last announced its quarterly earnings results on Tuesday, May 22nd. The construction company reported $0.65 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.04). Dycom Industries had a net margin of 4.44% and a return on equity of 14.59%. The business had revenue of $731.40 million during the quarter, compared to the consensus estimate of $734.89 million. During the same period in the previous year, the business posted $1.30 EPS. Dycom Industries’s revenue was down 7.0% compared to the same quarter last year. sell-side analysts expect that Dycom Industries, Inc. will post 4.63 earnings per share for the current year.

About Dycom Industries

Dycom Industries, Inc provides specialty contracting services in the United States and Canada. 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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