AQR Capital Management LLC Sells 1,104 Shares of Dycom Industries, Inc. (NYSE:DY)

AQR Capital Management LLC trimmed its position in Dycom Industries, Inc. (NYSE:DY) by 4.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,039 shares of the construction company’s stock after selling 1,104 shares during the period. AQR Capital Management LLC owned approximately 0.08% of Dycom Industries worth $3,888,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in DY. AXA S.A. raised its holdings in Dycom Industries by 279.5% during the second quarter. AXA S.A. now owns 5,692 shares of the construction company’s stock worth $961,000 after buying an additional 4,192 shares during the last quarter. Alpha DNA Investment Management LLC bought a new position in Dycom Industries in the 2nd quarter valued at about $452,000. Evergreen Capital Management LLC acquired a new position in Dycom Industries during the 2nd quarter valued at about $216,000. Public Sector Pension Investment Board boosted its stake in Dycom Industries by 6.4% during the 2nd quarter. Public Sector Pension Investment Board now owns 63,984 shares of the construction company’s stock valued at $10,798,000 after purchasing an additional 3,848 shares during the last quarter. Finally, DRW Securities LLC purchased a new stake in shares of Dycom Industries in the second quarter worth approximately $2,110,000. 98.33% of the stock is owned by institutional investors and hedge funds.

Dycom Industries Price Performance

Dycom Industries stock opened at $190.88 on Friday. The business’s 50 day simple moving average is $183.46 and its 200 day simple moving average is $167.70. Dycom Industries, Inc. has a 12 month low of $78.42 and a 12 month high of $199.77. The company has a market cap of $5.55 billion, a price-to-earnings ratio of 24.60, a PEG ratio of 2.09 and a beta of 1.41. The company has a current ratio of 3.44, a quick ratio of 3.25 and a debt-to-equity ratio of 0.81.

Dycom Industries (NYSE:DY) last announced its quarterly earnings data on Wednesday, August 21st. The construction company reported $2.46 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.20. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.20 billion. Dycom Industries had a return on equity of 22.28% and a net margin of 5.37%. The firm’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.03 EPS. Sell-side analysts forecast that Dycom Industries, Inc. will post 8.02 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on DY shares. Bank of America upped their price target on Dycom Industries from $198.00 to $204.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. B. Riley increased their target price on shares of Dycom Industries from $205.00 to $208.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. KeyCorp raised their price target on shares of Dycom Industries from $195.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Wells Fargo & Company upped their price objective on shares of Dycom Industries from $185.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 17th. Finally, StockNews.com cut shares of Dycom Industries from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $199.57.

Insider Buying and Selling at Dycom Industries

In other news, VP Jason T. Lawson sold 856 shares of the firm’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $174.48, for a total value of $149,354.88. Following the completion of the transaction, the vice president now directly owns 6,937 shares of the company’s stock, valued at $1,210,367.76. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 4.28% of the company’s stock.

Dycom Industries Profile

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.