State of New Jersey Common Pension Fund D Sells 201 Shares of Dycom Industries, Inc. (NYSE:DY)

State of New Jersey Common Pension Fund D decreased its stake in Dycom Industries, Inc. (NYSE:DY) by 1.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,200 shares of the construction company’s stock after selling 201 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Dycom Industries were worth $1,949,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. lifted its stake in shares of Dycom Industries by 87.6% in the 4th quarter. Asset Management One Co. Ltd. now owns 30,641 shares of the construction company’s stock valued at $5,367,000 after purchasing an additional 14,311 shares during the period. Legato Capital Management LLC raised its position in shares of Dycom Industries by 39.9% in the 4th quarter. Legato Capital Management LLC now owns 4,070 shares of the construction company’s stock valued at $708,000 after acquiring an additional 1,160 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Dycom Industries by 4,021.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,202 shares of the construction company’s stock worth $1,449,000 after acquiring an additional 8,003 shares during the last quarter. MeadowBrook Investment Advisors LLC grew its holdings in Dycom Industries by 8.0% during the fourth quarter. MeadowBrook Investment Advisors LLC now owns 2,020 shares of the construction company’s stock valued at $352,000 after purchasing an additional 150 shares during the period. Finally, Empowered Funds LLC acquired a new stake in Dycom Industries in the fourth quarter worth $5,955,000. 98.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Dycom Industries Stock Performance

NYSE DY opened at $168.38 on Tuesday. The company has a market capitalization of $4.91 billion, a price-to-earnings ratio of 22.16, a PEG ratio of 1.29 and a beta of 1.42. Dycom Industries, Inc. has a twelve month low of $118.00 and a twelve month high of $207.20. The stock has a fifty day simple moving average of $182.08 and a 200 day simple moving average of $184.47. The company has a quick ratio of 2.93, a current ratio of 3.12 and a debt-to-equity ratio of 0.89.

Insider Buying and Selling

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

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.