Rhumbline Advisers Sells 4,244 Shares of Dycom Industries, Inc. (NYSE:DY)

Rhumbline Advisers lessened its stake in shares of Dycom Industries, Inc. (NYSE:DY) by 5.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 81,406 shares of the construction company’s stock after selling 4,244 shares during the period. Rhumbline Advisers owned about 0.28% of Dycom Industries worth $14,170,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of DY. Wilmington Savings Fund Society FSB increased its holdings in Dycom Industries by 11.1% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 561 shares of the construction company’s stock valued at $98,000 after buying an additional 56 shares during the period. First Horizon Advisors Inc. increased its holdings in Dycom Industries by 25.4% during the third quarter. First Horizon Advisors Inc. now owns 291 shares of the construction company’s stock valued at $57,000 after buying an additional 59 shares during the period. Anchor Investment Management LLC increased its holdings in Dycom Industries by 37.6% during the third quarter. Anchor Investment Management LLC now owns 267 shares of the construction company’s stock valued at $53,000 after buying an additional 73 shares during the period. HighTower Advisors LLC increased its holdings in Dycom Industries by 4.5% during the third quarter. HighTower Advisors LLC now owns 1,858 shares of the construction company’s stock valued at $366,000 after buying an additional 80 shares during the period. Finally, Captrust Financial Advisors increased its holdings in Dycom Industries by 4.6% during the third quarter. Captrust Financial Advisors now owns 2,137 shares of the construction company’s stock valued at $421,000 after buying an additional 94 shares during the period. Institutional investors own 98.33% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on DY. Raymond James lifted their price objective on shares of Dycom Industries from $210.00 to $215.00 and gave the company a “strong-buy” rating in a report on Tuesday, February 4th. KeyCorp lifted their price objective on shares of Dycom Industries from $227.00 to $229.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. DA Davidson reissued a “buy” rating and set a $210.00 price objective on shares of Dycom Industries in a report on Tuesday, November 19th. Finally, Wells Fargo & Company lifted their price target on shares of Dycom Industries from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $208.88.

Insider Activity

In related news, Director Peter T. Pruitt, Jr. sold 2,900 shares of the business’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $175.08, for a total transaction of $507,732.00. Following the completion of the transaction, the director now directly owns 14,533 shares in the company, valued at $2,544,437.64. The trade was a 16.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jennifer M. Fritzsche sold 430 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at $1,536,005.03. This represents a 4.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 4.28% of the company’s stock.

Dycom Industries Price Performance

Shares of DY opened at $171.74 on Friday. The firm has a market capitalization of $5.01 billion, a PE ratio of 22.60, a price-to-earnings-growth ratio of 1.29 and a beta of 1.42. 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, Inc. has a 1-year low of $116.10 and a 1-year high of $207.20. The company’s fifty day moving average price is $182.31 and its 200-day moving average price is $184.53.

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.