Chase Investment Counsel Corp acquired a new position in shares of Dycom Industries, Inc. (NYSE:DY) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 9,633 shares of the construction company’s stock, valued at approximately $862,000.
A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Dycom Industries by 4.6% in the first quarter. Vanguard Group Inc. now owns 2,437,127 shares of the construction company’s stock worth $226,531,000 after buying an additional 106,817 shares during the period. RE Advisers Corp boosted its stake in shares of Dycom Industries by 1.1% in the first quarter. RE Advisers Corp now owns 1,727,252 shares of the construction company’s stock valued at $160,548,000 after buying an additional 19,335 shares during the period. FMR LLC boosted its position in shares of Dycom Industries by 1.4% in the first quarter. FMR LLC now owns 1,486,549 shares of the construction company’s stock valued at $138,175,000 after buying an additional 20,948 shares during the last quarter. State Street Corp boosted its position in shares of Dycom Industries by 1.7% in the first quarter. State Street Corp now owns 990,257 shares of the construction company’s stock valued at $92,045,000 after buying an additional 17,025 shares during the last quarter. Finally, Schroder Investment Management Group boosted its position in Dycom Industries by 17.4% in the first quarter. Schroder Investment Management Group now owns 562,485 shares of the construction company’s stock worth $52,334,000 after buying an additional 83,250 shares in the last quarter.
Shares of Dycom Industries, Inc. (DY) traded up 0.83% during mid-day trading on Friday, hitting $84.99. The stock had a trading volume of 362,926 shares. The firm has a 50 day moving average of $89.02 and a 200-day moving average of $91.66. Dycom Industries, Inc. has a one year low of $70.33 and a one year high of $110.64. The stock has a market cap of $2.64 billion, a P/E ratio of 16.71 and a beta of 1.18.
Dycom Industries (NYSE:DY) last issued its earnings results on Wednesday, May 24th. The construction company reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.11. The business had revenue of $786.30 million during 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 revenue for the quarter was up 18.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.08 EPS. Equities research analysts expect that Dycom Industries, Inc. will post $5.23 earnings per share for the current fiscal year.
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A number of equities research analysts have weighed in on DY shares. BidaskClub lowered shares of Dycom Industries from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. FBR & Co reiterated an “outperform” rating on shares of Dycom Industries in a research report on Monday, June 19th. ValuEngine lowered shares of Dycom Industries from a “buy” rating to a “hold” rating in a research report on Thursday, June 1st. DA Davidson restated a “neutral” rating and issued a $97.00 price objective (down from $105.00) on shares of Dycom Industries in a research report on Sunday, May 28th. Finally, Zacks Investment Research downgraded shares of Dycom Industries from a “buy” rating to a “hold” rating in a research note on Friday, May 26th. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $102.09.
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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