Insider Selling: Dycom Industries, Inc. (NYSE:DY) Director Sells 430 Shares of Stock

Dycom Industries, Inc. (NYSE:DY) Director Jennifer M. Fritzsche sold 430 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $173.11, for a total transaction of $74,437.30. Following the completion of the sale, the director now directly owns 8,873 shares of the company’s stock, valued at approximately $1,536,005.03. This trade represents a 4.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Dycom Industries Stock Performance

Shares of NYSE:DY traded up $1.10 during midday trading on Thursday, hitting $169.40. The stock had a trading volume of 437,038 shares, compared to its average volume of 313,590. Dycom Industries, Inc. has a 1 year low of $107.53 and a 1 year high of $207.20. The company has a current ratio of 3.12, a quick ratio of 2.93 and a debt-to-equity ratio of 0.89. The stock has a 50 day moving average price of $185.82 and a two-hundred day moving average price of $181.81. The company has a market capitalization of $4.94 billion, a PE ratio of 22.29, a P/E/G ratio of 1.45 and a beta of 1.41.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on DY shares. KeyCorp raised their price target on Dycom Industries from $200.00 to $227.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Wells Fargo & Company lifted their target price on shares of Dycom Industries from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Friday, November 15th. B. Riley increased their price target on shares of Dycom Industries from $205.00 to $208.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. DA Davidson restated a “buy” rating and issued a $210.00 price objective on shares of Dycom Industries in a research note on Tuesday, November 19th. Finally, Bank of America increased their target price on shares of Dycom Industries from $198.00 to $204.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Dycom Industries has a consensus rating of “Buy” and a consensus target price of $206.13.

Institutional Investors Weigh In On Dycom Industries

Institutional investors have recently added to or reduced their stakes in the business. Millennium Management LLC boosted its position in shares of Dycom Industries by 6.3% during the 2nd quarter. Millennium Management LLC now owns 1,631,453 shares of the construction company’s stock worth $275,324,000 after purchasing an additional 96,846 shares in the last quarter. State Street Corp boosted its holdings in Dycom Industries by 4.0% during the third quarter. State Street Corp now owns 1,158,585 shares of the construction company’s stock worth $228,357,000 after buying an additional 44,321 shares in the last quarter. FMR LLC grew its position in Dycom Industries by 2.4% during the third quarter. FMR LLC now owns 772,666 shares of the construction company’s stock worth $152,292,000 after buying an additional 17,862 shares during the period. Hill City Capital LP increased its holdings in Dycom Industries by 2.3% in the third quarter. Hill City Capital LP now owns 679,784 shares of the construction company’s stock valued at $133,985,000 after buying an additional 15,000 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Dycom Industries by 4.3% during the 3rd quarter. Principal Financial Group Inc. now owns 666,051 shares of the construction company’s stock valued at $131,278,000 after acquiring an additional 27,370 shares during the period. Hedge funds and other institutional investors own 98.33% of the company’s stock.

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.