New York State Teachers Retirement System Sells 200 Shares of Dycom Industries, Inc. (NYSE:DY)

New York State Teachers Retirement System cut its stake in shares of Dycom Industries, Inc. (NYSE:DY) by 0.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,963 shares of the construction company’s stock after selling 200 shares during the quarter. New York State Teachers Retirement System owned 0.14% of Dycom Industries worth $6,956,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. State Street Corp lifted its holdings in shares of Dycom Industries by 4.0% in the 3rd quarter. State Street Corp now owns 1,158,585 shares of the construction company’s stock worth $228,357,000 after acquiring an additional 44,321 shares during the last quarter. FMR LLC lifted its holdings in shares of Dycom Industries by 2.4% in the 3rd quarter. FMR LLC now owns 772,666 shares of the construction company’s stock worth $152,292,000 after acquiring an additional 17,862 shares during the last quarter. Hill City Capital LP increased its stake in shares of Dycom Industries by 2.3% in the third quarter. Hill City Capital LP now owns 679,784 shares of the construction company’s stock worth $133,985,000 after buying an additional 15,000 shares during the period. Principal Financial Group Inc. increased its stake in shares of Dycom Industries by 4.3% in the third quarter. Principal Financial Group Inc. now owns 666,051 shares of the construction company’s stock worth $131,278,000 after buying an additional 27,370 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Dycom Industries by 1.4% in the third quarter. Geode Capital Management LLC now owns 650,883 shares of the construction company’s stock worth $128,315,000 after buying an additional 9,113 shares during the period. 98.33% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Dycom Industries news, Director Jennifer M. Fritzsche sold 430 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $173.11, for a total transaction of $74,437.30. Following the transaction, the director now owns 8,873 shares in the company, valued at approximately $1,536,005.03. This represents a 4.62 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Peter T. Pruitt, Jr. sold 2,900 shares of the company’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $175.08, for a total transaction of $507,732.00. Following the transaction, the director now owns 14,533 shares in the company, valued at $2,544,437.64. This represents a 16.64 % decrease in their position. The disclosure for this sale can be found here. 4.28% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts recently commented on the stock. KeyCorp lifted their target price on shares of Dycom Industries from $227.00 to $229.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 8th. Wells Fargo & Company boosted their price objective on shares of Dycom Industries from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. DA Davidson reaffirmed a “buy” rating and issued a $210.00 target price on shares of Dycom Industries in a research report on Tuesday, November 19th. Finally, Raymond James upped their target price on shares of Dycom Industries from $210.00 to $215.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Dycom Industries presently has a consensus rating of “Buy” and a consensus target price of $208.88.

Dycom Industries Stock Performance

Shares of Dycom Industries stock opened at $180.62 on Thursday. The stock has a market cap of $5.27 billion, a price-to-earnings ratio of 23.77, a PEG ratio of 1.34 and a beta of 1.42. The firm’s 50-day moving average is $182.65 and its 200 day moving average is $184.53. Dycom Industries, Inc. has a 1 year low of $112.50 and a 1 year high of $207.20. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.12 and a quick ratio of 2.93.

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.