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Castleark Management LLC increased its position in Dycom Industries, Inc. (NYSE: DY – Get Rating) by 13.3% in the third quarter, according to its latest Form 13F filed with the Securities and Exchange Commission. The institutional investor owned his 64,310 shares of the construction company’s stock after he acquired an additional 7,560 shares during the quarter. Castle Ark Management LLC owned his 0.22% stake in Dycom Industries worth $6,144,000 at the end of the most recent quarter.
Other big investors have also recently bought and sold shares in the company. Rhumbline Advisers expanded his position in Dycom Industries stock by 5.3% in the second quarter. Rhumbline Advisers now owns 92,240 shares of construction company stock, valued at $8,582,000, after purchasing an additional 4,677 shares last quarter. Great West Life Assurance Co. Can expanded his Dycom Industries stock position by 1.4% in the third quarter. Great West Life Assurance Co. now owns 18,439 shares of construction company stock valued at $1,764,000 after purchasing an additional 259 shares last quarter. Massachusetts Financial Services Co. MA increased its Dycom Industries stock position by 395.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 55,197 shares of construction company stock valued at $5,136,000 after purchasing an additional 44,047 shares last quarter. Macquarie Group Ltd. increased its position in Dycom Industries stock by 35.0% in the third quarter. Macquarie Group Ltd. now owns 80,548 shares in the construction company valued at $7,744,000 after purchasing an additional 20,868 shares in the previous quarter. Finally, Asset Advisors Investment Management LLC expanded its position in Dycom Industries stock by 10.4% in the third quarter. Asset Advisors Investment Management LLC now owns 34,827 shares of construction company stock valued at $3,327,000 after purchasing an additional 3,267 shares in the previous quarter. Institutional investors and hedge funds own 92.82% of the company’s shares.
Dycom Industries stock performance
Dycom Industries shares fell $0.89 in intraday trading on Friday to reach $101.48. The company’s stock had a trading volume of 34,683 shares for him, with an average trading volume of 475,091 shares. The company has a market capitalization of $2.98 billion, a price/earnings ratio of 21.60 and a beta of 1.29. His 50-day moving average price for this business is $92.02 and his 200-day moving average price is $99.16. 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.
Dycom Industries (NYSE: DY – Get Rating) last reported earnings on Wednesday, March 1. The construction firm reported his earnings per share (EPS) of $0.83 for the quarter, $0.66 above analyst consensus expectations of $0.17. The company posted revenue of $917.5 million for the quarter, compared to analyst expectations of $815.89 million. Dycom Industries had a return on equity of 16.43% and a net profit margin of 3.73%. The company’s quarterly revenue increased by 20.5% compared to the same quarter last year. During the same period last year, the business posted earnings of $0.02 per share for him. Sell-side analysts expect Dycom Industries, Inc. to post his 5.09 EPS for the current financial year.
Wall Street Analyst Predicts Growth
DY has been the subject of many recent analyst reports. Wells Fargo & Company raised its price target on Dycom Industries stock from $88.00 to $105.00 in its research report on Thursday, March 2, giving the stock an “equal weight” rating. StockNews.com upgraded Dycom Industries’ stock from a ‘hold’ rating to a ‘buy’ rating in a report on Monday. Craig Hallum raised his stock price target for Dycom Industries from his $110.00 to $124.00, giving the stock a “buy” rating in a report on Thursday, March 2. Finally, UBS Group raised its price target on Dycom Industries shares from $124.00 to $125.00, giving it a ‘buy’ rating in its report on Thursday, March 2nd. One of his investment analysts rated the stock with a Hold rating, and five gave the company a Buy rating. According to MarketBeat.com, the stock currently has an average rating of “moderate buy” with a consensus price target of $125.80.
Insider trading at Dycom Industries
In another Dycom Industries news, director Richard K. Sykes sold 2,000 shares of the company’s stock 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. After the sale, the directors now directly own 17,854 shares of the company, valued at $1,648,816.90. The transaction was disclosed in documents filed with the Securities and Exchange Commission and can be accessed at this link. His 4.32% of shares are now owned by insiders.
Dicom Industries Profile
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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 operators. increase.
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