Elk Creek Partners LLC lowered its holdings in shares of Dycom Industries, Inc. (NYSE:DY) by 28.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 213,986 shares of the construction company’s stock after selling 83,294 shares during the period. Dycom Industries makes up 1.2% of Elk Creek Partners LLC’s holdings, making the stock its 20th largest position. Elk Creek Partners LLC owned approximately 0.69% of Dycom Industries worth $19,156,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in DY. Capstone Asset Management Co. bought a new stake in Dycom Industries during the 1st quarter valued at $219,000. Strs Ohio raised its stake in Dycom Industries by 42.9% during the 1st quarter. Strs Ohio now owns 3,000 shares of the construction company’s stock valued at $278,000 after acquiring an additional 900 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Dycom Industries by 42.5% during the 1st quarter. Russell Investments Group Ltd. now owns 64,506 shares of the construction company’s stock valued at $5,996,000 after acquiring an additional 19,252 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in Dycom Industries by 1.9% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 10,964 shares of the construction company’s stock valued at $1,019,000 after acquiring an additional 200 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its stake in Dycom Industries by 2.9% during the 1st quarter. Great West Life Assurance Co. Can now owns 18,348 shares of the construction company’s stock valued at $1,705,000 after acquiring an additional 514 shares in the last quarter.
Shares of Dycom Industries, Inc. (NYSE DY) traded up 0.43% during trading on Friday, hitting $79.04. The company had a trading volume of 754,280 shares. The firm has a 50 day moving average of $81.82 and a 200 day moving average of $91.61. The stock has a market cap of $2.46 billion, a PE ratio of 16.07 and a beta of 1.26. Dycom Industries, Inc. has a 12-month low of $70.33 and a 12-month high of $110.64.
Dycom Industries (NYSE:DY) last posted its quarterly earnings results on Wednesday, August 30th. The construction company reported $1.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.44 by $0.03. The company had revenue of $780.20 million for the quarter, compared to the consensus estimate of $798.62 million. Dycom Industries had a return on equity of 26.68% and a net margin of 5.13%. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.64 EPS. On average, analysts forecast that Dycom Industries, Inc. will post $4.37 earnings per share for the current fiscal year.
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DY has been the topic of several recent analyst reports. Craig Hallum reaffirmed a “buy” rating and set a $90.00 target price (down previously from $115.00) on shares of Dycom Industries in a research note on Thursday, August 31st. They noted that the move was a valuation call. FBR & Co lifted their target price on Dycom Industries from $98.00 to $112.00 and gave the company a “buy” rating in a research note on Wednesday, August 30th. Canaccord Genuity reaffirmed a “buy” rating and set a $52.00 target price on shares of Dycom Industries in a research note on Thursday, May 25th. ValuEngine raised Dycom Industries from a “hold” rating to a “buy” rating in a research note on Thursday, May 25th. Finally, BidaskClub raised Dycom Industries from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $105.29.
Dycom Industries Profile
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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