Carillon Tower Advisers Inc. Sells 104,775 Shares of Dycom Industries, Inc. (NYSE:DY)

Carillon Tower Advisers Inc. lowered its stake in shares of Dycom Industries, Inc. (NYSE:DY) by 58.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,834 shares of the construction company’s stock after selling 104,775 shares during the period. Carillon Tower Advisers Inc. owned 0.24% of Dycom Industries worth $3,871,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. EULAV Asset Management bought a new stake in Dycom Industries in the second quarter worth $1,613,000. Renaissance Technologies LLC increased its position in Dycom Industries by 132.7% in the second quarter. Renaissance Technologies LLC now owns 352,700 shares of the construction company’s stock worth $20,763,000 after purchasing an additional 201,100 shares during the last quarter. Canada Pension Plan Investment Board increased its position in Dycom Industries by 75.3% in the second quarter. Canada Pension Plan Investment Board now owns 108,200 shares of the construction company’s stock worth $6,370,000 after purchasing an additional 46,470 shares during the last quarter. Flinton Capital Management LLC increased its position in Dycom Industries by 18.8% in the second quarter. Flinton Capital Management LLC now owns 6,888 shares of the construction company’s stock worth $405,000 after purchasing an additional 1,092 shares during the last quarter. Finally, WCM Investment Management LLC increased its position in Dycom Industries by 10.0% in the second quarter. WCM Investment Management LLC now owns 248,477 shares of the construction company’s stock worth $14,628,000 after purchasing an additional 22,667 shares during the last quarter. Hedge funds and other institutional investors own 93.89% of the company’s stock.

NYSE DY opened at $50.28 on Wednesday. The company has a quick ratio of 3.36, a current ratio of 3.66 and a debt-to-equity ratio of 1.14. The company has a fifty day moving average of $48.89 and a two-hundred day moving average of $50.61. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of 18.09, a PEG ratio of 2.75 and a beta of 1.34. Dycom Industries, Inc. has a 52 week low of $40.06 and a 52 week high of $74.19.

Dycom Industries (NYSE:DY) last posted its quarterly earnings data on Wednesday, August 28th. The construction company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.84 by $0.25. The company had revenue of $884.20 million during the quarter, compared to analyst estimates of $857.82 million. Dycom Industries had a net margin of 1.81% and a return on equity of 10.45%. Dycom Industries’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.05 earnings per share. Equities research analysts anticipate that Dycom Industries, Inc. will post 2.46 EPS for the current year.

Several brokerages recently weighed in on DY. B. Riley reduced their price target on shares of Dycom Industries from $61.00 to $57.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Wells Fargo & Co boosted their price target on shares of Dycom Industries from $52.00 to $61.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 17th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. Dycom Industries currently has a consensus rating of “Hold” and a consensus target price of $61.38.

About Dycom Industries

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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