First Bank & Trust Buys 108 Shares of Dycom Industries, Inc. (NYSE:DY)

First Bank & Trust raised its holdings in Dycom Industries, Inc. (NYSE:DY) by 5.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,013 shares of the construction company’s stock after buying an additional 108 shares during the quarter. First Bank & Trust’s holdings in Dycom Industries were worth $289,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Los Angeles Capital Management LLC lifted its stake in Dycom Industries by 143.5% in the first quarter. Los Angeles Capital Management LLC now owns 8,308 shares of the construction company’s stock valued at $1,192,000 after buying an additional 4,896 shares during the period. Somerset Trust Co lifted its stake in Dycom Industries by 12.5% in the first quarter. Somerset Trust Co now owns 4,380 shares of the construction company’s stock valued at $629,000 after buying an additional 487 shares during the period. Vanguard Group Inc. lifted its stake in Dycom Industries by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 3,183,646 shares of the construction company’s stock valued at $366,406,000 after buying an additional 42,121 shares during the period. Virtu Financial LLC acquired a new position in Dycom Industries in the fourth quarter valued at approximately $433,000. Finally, Peconic Partners LLC lifted its stake in Dycom Industries by 0.7% in the fourth quarter. Peconic Partners LLC now owns 3,265,682 shares of the construction company’s stock valued at $375,847,000 after buying an additional 21,635 shares during the period. 98.33% of the stock is owned by institutional investors and hedge funds.

Dycom Industries Trading Down 0.9 %

NYSE DY opened at $168.76 on Friday. The firm has a market capitalization of $4.91 billion, a P/E ratio of 21.75, a PEG ratio of 1.82 and a beta of 1.48. The business has a fifty day simple moving average of $162.07 and a 200 day simple moving average of $137.49. Dycom Industries, Inc. has a 12 month low of $78.42 and a 12 month high of $186.47. The company has a current ratio of 3.17, a quick ratio of 2.97 and a debt-to-equity ratio of 0.78.

Dycom Industries (NYSE:DY) last released its quarterly earnings results on Wednesday, May 22nd. The construction company reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.73. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.09 billion. Dycom Industries had a return on equity of 22.15% and a net margin of 5.38%. Dycom Industries’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.73 EPS. On average, analysts predict that Dycom Industries, Inc. will post 7.96 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. UBS Group boosted their price target on Dycom Industries from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. KeyCorp upped their target price on Dycom Industries from $169.00 to $179.00 and gave the stock an “overweight” rating in a research report on Thursday, May 23rd. B. Riley upped their target price on Dycom Industries from $172.00 to $205.00 and gave the stock a “buy” rating in a research report on Friday, May 31st. Bank of America upped their target price on Dycom Industries from $160.00 to $198.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Finally, Raymond James upped their target price on Dycom Industries from $143.00 to $195.00 and gave the stock a “strong-buy” rating in a research report on Thursday, May 23rd. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $191.71.

Insider Buying and Selling at Dycom Industries

In other Dycom Industries news, VP Jason T. Lawson sold 220 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $140.27, for a total value of $30,859.40. Following the completion of the transaction, the vice president now owns 7,793 shares in the company, valued at approximately $1,093,124.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.28% of the company’s stock.

About Dycom Industries

Dycom Industries, Inc provides specialty contracting services to the telecommunications infrastructure and utility industries in the United States. The company offers engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems; wireless networks in connection with the deployment of macro cell and new small cell sites; and program and project management and inspection personnel.