Dana Investment Advisors Inc. lowered its stake in shares of Dycom Industries, Inc. (NYSE:DY – Free Report) by 11.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,922 shares of the construction company’s stock after selling 5,653 shares during the quarter. Dana Investment Advisors Inc.’s holdings in Dycom Industries were worth $14,841,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the stock. Northwestern Mutual Investment Management Company LLC bought a new stake in Dycom Industries during the fourth quarter worth $2,189,000. Northwestern Mutual Wealth Management Co. grew its holdings in Dycom Industries by 265,593,055.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 23,903,384 shares of the construction company’s stock worth $8,076,953,000 after buying an additional 23,903,375 shares in the last quarter. Bessemer Group Inc. grew its holdings in Dycom Industries by 17,850.7% during the fourth quarter. Bessemer Group Inc. now owns 26,926 shares of the construction company’s stock worth $9,097,000 after buying an additional 26,776 shares in the last quarter. Independent Advisor Alliance grew its holdings in Dycom Industries by 930.9% during the fourth quarter. Independent Advisor Alliance now owns 7,598 shares of the construction company’s stock worth $2,567,000 after buying an additional 6,861 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Dycom Industries during the fourth quarter worth $1,693,000. Institutional investors own 98.33% of the company’s stock.
Dycom Industries Stock Down 3.0%
Shares of NYSE:DY opened at $437.25 on Friday. The company has a market capitalization of $13.13 billion, a PE ratio of 45.55, a price-to-earnings-growth ratio of 1.04 and a beta of 1.46. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.74 and a quick ratio of 2.61. The business has a fifty day moving average price of $384.37 and a two-hundred day moving average price of $365.34. Dycom Industries, Inc. has a 1 year low of $190.00 and a 1 year high of $464.82.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on DY shares. Wall Street Zen downgraded Dycom Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 7th. KeyCorp upped their price objective on Dycom Industries from $426.00 to $482.00 and gave the company an “overweight” rating in a research note on Thursday, March 5th. Bank of America upped their price objective on Dycom Industries from $365.00 to $475.00 and gave the company a “buy” rating in a research note on Wednesday, February 25th. Guggenheim began coverage on Dycom Industries in a research note on Thursday, January 22nd. They issued a “buy” rating and a $510.00 price objective for the company. Finally, B. Riley Financial upped their price objective on Dycom Industries from $420.00 to $485.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $431.64.
Get Our Latest Stock Report on Dycom Industries
Dycom Industries Company Profile
Dycom Industries, Inc (NYSE: DY) is a leading provider of specialty contracting services to the telecommunications industry in North America. The company delivers engineering, construction, installation and maintenance solutions for communications infrastructure, supporting a broad range of network technologies and system architectures. Dycom’s services span outside plant construction, cable placement, fiber optic deployment, wireless and wireline network engineering, as well as testing and turn-up services for voice, data and video applications.
Dycom’s customer base includes major telecommunications carriers, cable operators, utility companies and competitive local exchange carriers.
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