Thompson Davis & CO. Inc. Purchases 100 Shares of Dycom Industries, Inc. (NYSE:DY)

Thompson Davis & CO. Inc. boosted its stake in shares of Dycom Industries, Inc. (NYSE:DY) by 4.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,600 shares of the construction company’s stock after acquiring an additional 100 shares during the quarter. Thompson Davis & CO. Inc.’s holdings in Dycom Industries were worth $299,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Cubic Asset Management LLC boosted its holdings in Dycom Industries by 171.6% during the 4th quarter. Cubic Asset Management LLC now owns 11,882 shares of the construction company’s stock valued at $1,367,000 after acquiring an additional 7,507 shares during the period. International Assets Investment Management LLC purchased a new stake in Dycom Industries during the 4th quarter valued at about $6,623,000. Peconic Partners LLC boosted its holdings in Dycom Industries by 2.9% during the 3rd quarter. Peconic Partners LLC now owns 3,244,047 shares of the construction company’s stock valued at $288,720,000 after acquiring an additional 91,093 shares during the period. Invesco Ltd. lifted its holdings in Dycom Industries by 7.3% in the 3rd quarter. Invesco Ltd. now owns 122,809 shares of the construction company’s stock worth $10,930,000 after buying an additional 8,316 shares during the period. Finally, abrdn plc lifted its holdings in Dycom Industries by 275.0% in the 3rd quarter. abrdn plc now owns 15,000 shares of the construction company’s stock worth $1,335,000 after buying an additional 11,000 shares during the period. 98.33% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. B. Riley upgraded Dycom Industries from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $101.00 to $172.00 in a report on Friday, March 8th. KeyCorp increased their price objective on Dycom Industries from $136.00 to $149.00 and gave the stock an “overweight” rating in a report on Thursday, February 29th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $135.50.

Insider Activity at Dycom Industries

In related news, VP Jason T. Lawson sold 220 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $140.27, for a total transaction of $30,859.40. Following the completion of the transaction, the vice president now owns 7,793 shares of the company’s stock, valued at approximately $1,093,124.11. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 4.28% of the stock is owned by corporate insiders.

Dycom Industries Stock Down 2.4 %

Shares of NYSE:DY traded down $3.46 during trading on Tuesday, hitting $140.02. The stock had a trading volume of 248,446 shares, compared to its average volume of 247,357. Dycom Industries, Inc. has a 12 month low of $78.42 and a 12 month high of $146.32. The company has a market capitalization of $4.07 billion, a PE ratio of 19.46, a PEG ratio of 0.84 and a beta of 1.38. The firm’s fifty day moving average is $136.33 and its 200 day moving average is $115.11. The company has a quick ratio of 2.85, a current ratio of 3.06 and a debt-to-equity ratio of 0.75.

Dycom Industries (NYSE:DY) last posted its quarterly earnings data on Wednesday, February 28th. The construction company reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.15). Dycom Industries had a net margin of 5.24% and a return on equity of 22.06%. The company had revenue of $952.50 million for the quarter, compared to the consensus estimate of $968.87 million. During the same period last year, the business earned $0.83 EPS. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. Analysts anticipate that Dycom Industries, Inc. will post 7.13 EPS for the current fiscal year.

About Dycom Industries

Dycom Industries, Inc provides specialty contracting services to the telecommunications infrastructure and utility industries in the United States. The company offers engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems; wireless networks in connection with the deployment of macro cell and new small cell sites; and program and project management and inspection personnel.