GAMMA Investing LLC Sells 101 Shares of Dycom Industries, Inc. (NYSE:DY)

GAMMA Investing LLC cut its stake in shares of Dycom Industries, Inc. (NYSE:DY) by 19.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 411 shares of the construction company’s stock after selling 101 shares during the quarter. GAMMA Investing LLC’s holdings in Dycom Industries were worth $72,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of DY. Accent Capital Management LLC purchased a new stake in shares of Dycom Industries in the 3rd quarter worth approximately $25,000. Legacy Investment Solutions LLC bought a new position in Dycom Industries in the third quarter worth approximately $28,000. Annapolis Financial Services LLC purchased a new stake in Dycom Industries during the third quarter worth $29,000. Anchor Investment Management LLC boosted its position in Dycom Industries by 50.4% during the 2nd quarter. Anchor Investment Management LLC now owns 194 shares of the construction company’s stock valued at $33,000 after acquiring an additional 65 shares in the last quarter. Finally, SOA Wealth Advisors LLC. purchased a new position in shares of Dycom Industries in the 3rd quarter valued at $39,000. Institutional investors own 98.33% of the company’s stock.

Insider Buying and Selling at Dycom Industries

In related 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 transaction of $507,732.00. Following the completion of the transaction, the director now owns 14,533 shares of the company’s stock, valued at $2,544,437.64. This trade represents a 16.64 % decrease in their ownership of the stock. The sale 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 company’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 completion of the sale, the director now directly owns 8,873 shares in the company, valued at approximately $1,536,005.03. The trade was a 4.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.28% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company upped their price objective on Dycom Industries from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. KeyCorp increased their price target on shares of Dycom Industries from $227.00 to $229.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, DA Davidson reaffirmed a “buy” rating and issued a $210.00 price objective on shares of Dycom Industries in a research report on Tuesday, November 19th. One investment 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 company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $206.38.

Dycom Industries Stock Performance

DY opened at $176.54 on Friday. The firm’s 50-day moving average price is $181.42 and its 200-day moving average price is $182.00. The company has a market cap of $5.15 billion, a P/E ratio of 23.23, a price-to-earnings-growth ratio of 1.45 and a beta of 1.43. The company has a quick ratio of 2.93, a current ratio of 3.12 and a debt-to-equity ratio of 0.89. Dycom Industries, Inc. has a 52-week low of $109.87 and a 52-week high of $207.20.

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.