South Dakota Investment Council Lowers Stake in Dycom Industries, Inc. (DY)

South Dakota Investment Council reduced its stake in Dycom Industries, Inc. (NYSE:DY) by 61.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,900 shares of the construction company’s stock after selling 3,000 shares during the period. South Dakota Investment Council’s holdings in Dycom Industries were worth $177,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. RE Advisers Corp boosted its stake in shares of Dycom Industries by 1.1% in the first quarter. RE Advisers Corp now owns 1,727,252 shares of the construction company’s stock worth $160,548,000 after buying an additional 19,335 shares during the last quarter. FMR LLC boosted its stake in shares of Dycom Industries by 1.4% in the first quarter. FMR LLC now owns 1,486,549 shares of the construction company’s stock worth $138,175,000 after buying an additional 20,948 shares during the last quarter. Schroder Investment Management Group boosted its stake in shares of Dycom Industries by 17.4% in the first quarter. Schroder Investment Management Group now owns 562,485 shares of the construction company’s stock worth $52,334,000 after buying an additional 83,250 shares during the last quarter. Emerald Advisers Inc. PA boosted its stake in shares of Dycom Industries by 14.0% in the first quarter. Emerald Advisers Inc. PA now owns 455,952 shares of the construction company’s stock worth $42,381,000 after buying an additional 55,844 shares during the last quarter. Finally, Cortina Asset Management LLC boosted its stake in shares of Dycom Industries by 3.3% in the first quarter. Cortina Asset Management LLC now owns 356,026 shares of the construction company’s stock worth $33,093,000 after buying an additional 11,275 shares during the last quarter.

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

Dycom Industries, Inc. (NYSE:DY) traded down 0.401% during midday trading on Tuesday, reaching $91.432. 309,478 shares of the company were exchanged. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of 17.981 and a beta of 1.12. The company has a 50 day moving average of $96.82 and a 200-day moving average of $89.23. Dycom Industries, Inc. has a 52-week low of $70.33 and a 52-week high of $110.64.

Dycom Industries (NYSE:DY) last announced its quarterly earnings data on Wednesday, May 24th. The construction company reported $1.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.11. Dycom Industries had a return on equity of 28.96% and a net margin of 5.30%. The firm had revenue of $786.30 million for the quarter, compared to analyst estimates of $736.20 million. During the same quarter in the prior year, the company posted $1.08 earnings per share. Dycom Industries’s quarterly revenue was up 18.3% on a year-over-year basis. On average, equities research analysts anticipate that Dycom Industries, Inc. will post $5.23 earnings per share for the current fiscal year.

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DY has been the topic of a number of analyst reports. BidaskClub raised shares of Dycom Industries from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. Stifel Nicolaus reaffirmed a “buy” rating and set a $120.00 price objective (up previously from $112.00) on shares of Dycom Industries in a research note on Saturday, April 22nd. Canaccord Genuity reaffirmed a “buy” rating and set a $52.00 price objective on shares of Dycom Industries in a research note on Thursday, May 25th. ValuEngine raised shares of Dycom Industries from a “hold” rating to a “buy” rating in a research note on Thursday, May 25th. Finally, Zacks Investment Research raised shares of Dycom Industries from a “hold” rating to a “buy” rating and set a $121.00 price objective on the stock in a research note on Tuesday, May 16th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Dycom Industries currently has a consensus rating of “Buy” and a consensus price target of $102.09.

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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