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AlphaCrest Capital Management LLC acquired a new position in Dycom Industries, Inc. (NYSE: DY – Get Rating) in the third quarter, according to the latest 13F file filed with the US Securities and Exchange Commission. The fund acquired 7,611 shares of construction company stock, valued at approximately $727,000.
Several other hedge funds and other institutional investors have also increased or decreased their stakes in the business. JPMorgan Chase & Company increased its stake in Dicom Industries by 6.4% in the first quarter. JPMorgan Chase & Company now owns 49,555 shares of the construction company worth $4,721,000 after acquiring an additional 2,993 shares during this period. Raymond James & Associates increased his position at Dycom Industries by 86.3% in the first quarter. Raymond James & Associates owns 7,429 shares of construction company stock valued at $708,000 after purchasing an additional 3,441 shares during this period. MetLife Investment Management LLC raised his stake in Dycom Industries by 40.0% in the first quarter. MetLife Investment Management LLC now owns 34,082 shares in the construction company worth $3,247,000 after he purchased an additional 9,731 shares last quarter. Panagora Asset Management Inc. purchased new shares in his Dycom Industries worth $210,000 in the first quarter. Finally, Rhumbline Advisers increased his Dycom Industries stock by 1.3% in the first quarter. Rhumbline Advisers now owns 87,563 shares of construction company stock valued at $8,341,000 after purchasing an additional 1,159 shares in the previous quarter. 92.82% of the shares are owned by institutional investors.
Dycom Industries’ price/performance ratio
The NYSE DY opened Wednesday at $104.48. The company has a current ratio of 3.18, a quick ratio of 2.93 and a debt to equity ratio of 0.93. Dycom Industries, Inc. has a 12-month low of $76.21 and a 12-month high of $122.13. The stock has a market cap of $3.08 billion, a price/earnings ratio of 22.04 and a beta of 1.29. The company has a 50-day moving average of $91.39 and a 200-day moving average of $99.17.
Dycom Industries (NYSE:DY – Get Rating) last reported quarterly earnings data on Wednesday, March 1. The construction firm reported his earnings per share (EPS) of $0.83 for the quarter, beating analyst consensus expectations of $0.17 by $0.66. Dycom Industries had a net profit margin of 3.73% and a return on equity of 16.43%. The company posted revenue of $917.5 million for the quarter, versus analysts’ expectations of $815.89 million. His earnings per share for the company in the same period last year were $0.02. The company’s revenue for the quarter increased 20.5% compared to the same quarter last year. As a group, research analysts expect Dycom Industries, Inc. to post earnings per share of 5.25 this year.
Insider activity
In other news, Director Richard K. Sykes sold 2,000 shares of the company in a transaction on Wednesday, December 21st. The shares were sold at an average price of $92.35 for a total of $184,700.00. Following the closing of the transaction, the Directors now own 17,854 shares of the Company’s stock valued at $1,648,816.90. The transaction was disclosed in SEC filings accessible via this hyperlink. A company insider owns his 4.32% of the company’s shares.
Wall Street analyst opinion
Many research analysts have their eyes on the DY stock. StockNews.com raised its rating on Dycom Industries from ‘hold’ to ‘buy’ in a report Monday. UBS Group raised its price target on Dycom Industries from $124.00 to $125.00 in its research report on Thursday, March 2, giving the company a ‘buy’ rating. Wells Fargo & Company raised its price target on Dycom Industries from $88.00 to $105.00 in a report on Thursday, March 2, giving the company an “equal-weighted” rating. Finally, Craig Hallum raised his stock price target for Dycom Industries from his $110.00 to his $124.00, giving it a “buy” rating in a research note on Thursday, March 2. One analyst rated the stock with his rating while five issued buy ratings on the stock. Based on MarketBeat data, the company’s current consensus rating is “moderate buy” with a consensus target price of $125.80.
Dicom Industries Profile
(get rating)
Dycom Industries, Inc provides contracting services throughout the United States. Its services include engineering, construction, maintenance and installation services to telecommunications operators and underground facility location services to various utilities including other construction and maintenance services to electricity and gas utilities. increase.
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Want to know which other hedge funds hold DY? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Dycom Industries, Inc. (NYSE:DY – Get Rating).
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