Texas Permanent School Fund cut its position in shares of Dycom Industries, Inc. (NYSE:DY) by 0.3% during the second quarter, Holdings Channel reports. The firm owned 22,691 shares of the construction company’s stock after selling 58 shares during the period. Texas Permanent School Fund’s holdings in Dycom Industries were worth $2,031,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Advisors Preferred LLC acquired a new position in shares of Dycom Industries during the first quarter worth approximately $104,000. Acrospire Investment Management LLC acquired a new position in shares of Dycom Industries during the first quarter worth approximately $121,000. Capstone Asset Management Co. acquired a new position in shares of Dycom Industries during the first quarter worth approximately $219,000. TrueNorth Inc. acquired a new position in shares of Dycom Industries during the first quarter worth approximately $220,000. Finally, Atria Investments LLC acquired a new position in shares of Dycom Industries during the first quarter worth approximately $226,000.

Dycom Industries, Inc. (NYSE DY) opened at 84.99 on Friday. Dycom Industries, Inc. has a 12-month low of $70.33 and a 12-month high of $110.64. The company has a market cap of $2.64 billion, a P/E ratio of 16.71 and a beta of 1.18. The firm’s 50-day moving average price is $89.02 and its 200-day moving average price is $91.66.

Dycom Industries (NYSE:DY) last released its quarterly earnings data on Wednesday, May 24th. The construction company reported $1.30 earnings per share 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 the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the business earned $1.08 earnings per share. Analysts expect that Dycom Industries, Inc. will post $5.23 EPS for the current year.

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A number of brokerages recently commented on DY. FBR & Co reissued an “outperform” rating on shares of Dycom Industries in a report on Monday, June 19th. BidaskClub raised Dycom Industries from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. ValuEngine raised Dycom Industries from a “hold” rating to a “buy” rating in a report on Thursday, May 25th. Zacks Investment Research raised Dycom Industries from a “hold” rating to a “buy” rating and set a $121.00 price target for the company in a report on Tuesday, May 16th. Finally, DA Davidson reissued a “neutral” rating and issued a $97.00 price target (down previously from $105.00) on shares of Dycom Industries in a report on Sunday, May 28th. Four research 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 company. The company has a consensus rating of “Buy” and a consensus price target 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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Institutional Ownership by Quarter for Dycom Industries (NYSE:DY)

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