Nisa Investment Advisors LLC Decreases Stock Holdings in Dycom Industries, Inc. (NYSE:DY)

Nisa Investment Advisors LLC trimmed its stake in shares of Dycom Industries, Inc. (NYSE:DY) by 40.4% in the 2nd quarter, Holdings Channel reports. The firm owned 1,625 shares of the construction company’s stock after selling 1,100 shares during the period. Nisa Investment Advisors LLC’s holdings in Dycom Industries were worth $121,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in DY. IFP Advisors Inc purchased a new stake in Dycom Industries during the first quarter valued at approximately $30,000. Victory Capital Management Inc. increased its holdings in Dycom Industries by 5.3% during the first quarter. Victory Capital Management Inc. now owns 6,264 shares of the construction company’s stock valued at $582,000 after buying an additional 315 shares during the last quarter. RE Advisers Corp purchased a new stake in Dycom Industries during the first quarter valued at approximately $1,086,000. Swiss National Bank increased its holdings in Dycom Industries by 1.3% during the first quarter. Swiss National Bank now owns 72,900 shares of the construction company’s stock valued at $6,769,000 after buying an additional 900 shares during the last quarter. Finally, Cibc World Markets Corp purchased a new stake in Dycom Industries during the first quarter valued at approximately $305,000. 90.79% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:DY opened at $69.44 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.15 and a current ratio of 3.30. The firm has a fifty day moving average price of $70.81 and a 200 day moving average price of $80.80. Dycom Industries, Inc. has a fifty-two week low of $50.53 and a fifty-two week high of $101.16. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of 45.09 and a beta of 1.60.

Dycom Industries (NYSE:DY) last released its quarterly earnings data on Tuesday, August 31st. The construction company reported $0.60 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by ($0.13). Dycom Industries had a net margin of 1.59% and a return on equity of 5.95%. The business had revenue of $787.60 million for the quarter, compared to the consensus estimate of $813.05 million. During the same quarter last year, the business earned $1.18 EPS. Dycom Industries’s revenue for the quarter was down 4.4% compared to the same quarter last year. As a group, research analysts predict that Dycom Industries, Inc. will post 1.35 earnings per share for the current year.

A number of research firms have weighed in on DY. B. Riley dropped their price target on shares of Dycom Industries from $97.00 to $86.00 and set a “buy” rating for the company in a research report on Wednesday, May 26th. DA Davidson dropped their price target on shares of Dycom Industries from $100.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday, September 2nd. Wells Fargo & Company dropped their price target on shares of Dycom Industries from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Thursday, September 2nd. Finally, Zacks Investment Research lowered shares of Dycom Industries from a “hold” rating to a “sell” rating and set a $74.00 target price for the company. in a research report on Wednesday, August 4th. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $88.33.

Dycom Industries Company Profile

Dycom Industries, Inc provides contracting services throughout the United States. Its services include engineering, construction, maintenance and installation services to telecommunications providers, underground facility locating services to various utilities, including other construction and maintenance services to electric and gas utilities, and others.

See Also: How to Invest in Growth Stocks

Want to see what other hedge funds are holding DY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dycom Industries, Inc. (NYSE:DY).

Institutional Ownership by Quarter for Dycom Industries (NYSE:DY)

Receive News & Ratings for Dycom Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dycom Industries and related companies with MarketBeat.com's FREE daily email newsletter.