Benson Investment Management Company Inc. acquired a new position in shares of Dycom Industries, Inc. (NYSE:DY) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 19,445 shares of the construction company’s stock, valued at approximately $1,741,000. Benson Investment Management Company Inc. owned approximately 0.06% of Dycom Industries as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Advisors Preferred LLC bought a new position in shares of Dycom Industries during the first quarter worth $104,000. Acrospire Investment Management LLC bought a new position in shares of Dycom Industries during the first quarter worth $121,000. LS Investment Advisors LLC raised its position in shares of Dycom Industries by 16.0% in the second quarter. LS Investment Advisors LLC now owns 2,439 shares of the construction company’s stock worth $218,000 after buying an additional 337 shares during the last quarter. Capstone Asset Management Co. bought a new position in shares of Dycom Industries during the first quarter worth $219,000. Finally, TrueNorth Inc. bought a new position in shares of Dycom Industries during the first quarter worth $220,000.
Dycom Industries, Inc. (NYSE DY) traded up 0.83% during trading on Friday, hitting $84.99. 362,926 shares of the company’s stock traded hands. The company’s 50 day moving average price is $89.02 and its 200 day moving average price is $91.66. The company has a market cap of $2.64 billion, a PE ratio of 16.71 and a beta of 1.18. Dycom Industries, Inc. has a 52-week low of $70.33 and a 52-week high of $110.64.
Dycom Industries (NYSE:DY) last released its quarterly earnings results on Wednesday, May 24th. The construction company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.11. The business had revenue of $786.30 million during the quarter, compared to analysts’ expectations of $736.20 million. Dycom Industries had a return on equity of 28.96% and a net margin of 5.30%. The firm’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.08 EPS. Analysts expect that Dycom Industries, Inc. will post $5.23 earnings per share for the current year.
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DY has been the topic of a number of research reports. ValuEngine raised shares of Dycom Industries from a “hold” rating to a “buy” rating in a research report on Thursday, May 25th. Wells Fargo & Company reissued an “overweight” rating on shares of Dycom Industries in a research report on Wednesday, April 19th. Zacks Investment Research lowered shares of Dycom Industries from a “buy” rating to a “hold” rating in a research report on Monday, May 15th. Stifel Nicolaus reissued a “buy” rating and issued a $120.00 price objective (up previously from $112.00) on shares of Dycom Industries in a research report on Saturday, April 22nd. Finally, Canaccord Genuity reissued a “buy” rating and issued a $52.00 price objective on shares of Dycom Industries in a research report on Thursday, May 25th. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price 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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