Strs Ohio Purchases 500 Shares of Dycom Industries, Inc. (NYSE:DY)

Strs Ohio grew its position in Dycom Industries, Inc. (NYSE:DY) by 50.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,500 shares of the construction company’s stock after purchasing an additional 500 shares during the period. Strs Ohio’s holdings in Dycom Industries were worth $172,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its holdings in Dycom Industries by 15.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 974 shares of the construction company’s stock worth $87,000 after acquiring an additional 132 shares in the last quarter. First Bank & Trust bought a new stake in Dycom Industries during the fourth quarter worth about $219,000. Vontobel Holding Ltd. bought a new stake in Dycom Industries during the fourth quarter worth about $246,000. Assetmark Inc. raised its holdings in Dycom Industries by 20.0% during the third quarter. Assetmark Inc. now owns 2,510 shares of the construction company’s stock worth $223,000 after acquiring an additional 418 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in Dycom Industries during the third quarter worth approximately $240,000. 98.33% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DY has been the topic of a number of recent analyst reports. KeyCorp boosted their price target on Dycom Industries from $136.00 to $149.00 and gave the stock an “overweight” rating in a research report on Thursday, February 29th. B. Riley raised Dycom Industries from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $101.00 to $172.00 in a research report on Friday, March 8th. One investment 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. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $135.50.

Insider Activity

In other news, VP Jason T. Lawson sold 220 shares of the company’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 value of $30,859.40. Following the transaction, the vice president now owns 7,793 shares of the company’s stock, valued at $1,093,124.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.28% of the stock is owned by company insiders.

Dycom Industries Price Performance

Dycom Industries stock opened at $140.02 on Wednesday. Dycom Industries, Inc. has a 12 month low of $78.42 and a 12 month high of $146.32. The stock’s 50 day moving average is $136.83 and its 200-day moving average is $115.51. The company has a current ratio of 3.06, a quick ratio of 2.85 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $4.07 billion, a price-to-earnings ratio of 19.00, a PEG ratio of 0.84 and a beta of 1.38.

Dycom Industries (NYSE:DY) last posted its earnings results on Wednesday, February 28th. The construction company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.15). Dycom Industries had a net margin of 5.24% and a return on equity of 22.06%. The firm had revenue of $952.50 million during the quarter, compared to analyst estimates of $968.87 million. During the same period in the previous year, the company posted $0.83 EPS. Dycom Industries’s revenue for the quarter was up 3.8% compared to the same quarter last year. Equities research analysts expect that Dycom Industries, Inc. will post 7.13 EPS for the current year.

Dycom Industries Company Profile

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.