Axa S.A. Has $961,000 Stake in Dycom Industries, Inc. (NYSE:DY)

Axa S.A. boosted its stake in Dycom Industries, Inc. (NYSE:DY) by 279.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,692 shares of the construction company’s stock after purchasing an additional 4,192 shares during the quarter. Axa S.A.’s holdings in Dycom Industries were worth $961,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new position in shares of Dycom Industries in the 1st quarter valued at $28,000. GAMMA Investing LLC lifted its holdings in shares of Dycom Industries by 107.8% during the 2nd quarter. GAMMA Investing LLC now owns 293 shares of the construction company’s stock valued at $49,000 after purchasing an additional 152 shares in the last quarter. SJS Investment Consulting Inc. increased its stake in Dycom Industries by 5,071.4% during the 2nd quarter. SJS Investment Consulting Inc. now owns 362 shares of the construction company’s stock worth $61,000 after purchasing an additional 355 shares in the last quarter. Signaturefd LLC raised its holdings in Dycom Industries by 196.7% during the 2nd quarter. Signaturefd LLC now owns 359 shares of the construction company’s stock worth $61,000 after buying an additional 238 shares during the period. Finally, Headlands Technologies LLC bought a new position in Dycom Industries in the first quarter valued at approximately $72,000. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Dycom Industries Price Performance

NYSE:DY opened at $192.18 on Wednesday. The firm’s fifty day moving average price is $182.32 and its two-hundred day moving average price is $166.49. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.44 and a quick ratio of 3.25. The company has a market cap of $5.59 billion, a P/E ratio of 24.77, a P/E/G ratio of 2.09 and a beta of 1.41. Dycom Industries, Inc. has a one year low of $78.42 and a one year high of $199.77.

Dycom Industries (NYSE:DY) last released its quarterly earnings results on Wednesday, August 21st. The construction company reported $2.46 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.20. Dycom Industries had a net margin of 5.37% and a return on equity of 22.28%. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the prior year, the firm earned $2.03 EPS. The business’s revenue was up 15.5% on a year-over-year basis. Equities analysts expect that Dycom Industries, Inc. will post 8.02 earnings per share for the current year.

Insider Activity at Dycom Industries

In other news, VP Jason T. Lawson sold 856 shares of Dycom Industries stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $174.48, for a total transaction of $149,354.88. Following the completion of the sale, the vice president now owns 6,937 shares of the company’s stock, valued at $1,210,367.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 4.28% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

DY has been the topic of a number of recent research reports. KeyCorp lifted their target price on Dycom Industries from $195.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. StockNews.com downgraded Dycom Industries from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. B. Riley increased their price target on Dycom Industries from $205.00 to $208.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Wells Fargo & Company boosted their target price on shares of Dycom Industries from $185.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. Finally, Bank of America lifted their price objective on shares of Dycom Industries from $198.00 to $204.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. One research 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, the stock currently has an average rating of “Buy” and an average price target of $199.57.

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.