Zweig DiMenna Associates LLC decreased its position in shares of Dycom Industries, Inc. (NYSE:DY) by 73.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 25,000 shares of the construction company’s stock after selling 69,250 shares during the period. Zweig DiMenna Associates LLC owned about 0.08% of Dycom Industries worth $2,147,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Harbour Capital Advisors LLC grew its stake in shares of Dycom Industries by 9,665.8% in the 2nd quarter. Harbour Capital Advisors LLC now owns 725,112 shares of the construction company’s stock worth $8,100,000 after buying an additional 717,687 shares during the last quarter. Thompson Siegel & Walmsley LLC purchased a new stake in shares of Dycom Industries in the 2nd quarter worth approximately $26,385,000. Columbus Circle Investors grew its stake in shares of Dycom Industries by 141.6% in the 2nd quarter. Columbus Circle Investors now owns 451,063 shares of the construction company’s stock worth $40,379,000 after buying an additional 264,353 shares during the last quarter. Scout Investments Inc. grew its stake in shares of Dycom Industries by 407.6% in the 2nd quarter. Scout Investments Inc. now owns 288,107 shares of the construction company’s stock worth $25,791,000 after buying an additional 231,345 shares during the last quarter. Finally, Federated Investors Inc. PA grew its stake in shares of Dycom Industries by 24.1% in the 2nd quarter. Federated Investors Inc. PA now owns 816,246 shares of the construction company’s stock worth $73,070,000 after buying an additional 158,312 shares during the last quarter.
Shares of Dycom Industries, Inc. (DY) traded down $0.01 on Monday, reaching $91.02. The company’s stock had a trading volume of 367,000 shares, compared to its average volume of 666,124. The company has a current ratio of 2.95, a quick ratio of 2.69 and a debt-to-equity ratio of 1.10. Dycom Industries, Inc. has a 1-year low of $70.33 and a 1-year high of $110.64. The stock has a market cap of $2,830.00, a P/E ratio of 17.30, a price-to-earnings-growth ratio of 1.70 and a beta of 1.27.
Dycom Industries (NYSE:DY) last issued its earnings results on Wednesday, August 30th. The construction company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.44 by $0.03. Dycom Industries had a return on equity of 27.09% and a net margin of 5.60%. The business had revenue of $780.20 million for the quarter, compared to the consensus estimate of $798.62 million. During the same period last year, the business posted $1.64 EPS. The company’s revenue was down 1.1% compared to the same quarter last year. equities analysts expect that Dycom Industries, Inc. will post 4.35 earnings per share for the current fiscal year.
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DY has been the topic of several recent research reports. BidaskClub downgraded Dycom Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, August 22nd. KeyCorp upgraded Dycom Industries from a “sector weight” rating to an “overweight” rating and set a $87.00 price target on the stock in a research note on Wednesday, August 30th. FBR & Co upped their price target on Dycom Industries from $98.00 to $112.00 and gave the stock a “buy” rating in a research note on Wednesday, August 30th. Craig Hallum restated a “buy” rating and issued a $90.00 price target (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. Finally, Canaccord Genuity cut their price target on Dycom Industries from $120.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, August 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $102.71.
Dycom Industries Company 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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