Schroder Investment Management Group lessened its position in shares of Dycom Industries, Inc. (NYSE:DY) by 0.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 558,088 shares of the construction company’s stock after selling 4,397 shares during the period. Schroder Investment Management Group owned approximately 1.80% of Dycom Industries worth $49,480,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. GW&K Investment Management LLC bought a new position in Dycom Industries in the 2nd quarter valued at approximately $2,988,000. James Investment Research Inc. bought a new position in Dycom Industries in the 2nd quarter valued at approximately $1,905,000. EULAV Asset Management bought a new position in Dycom Industries in the 1st quarter valued at approximately $1,162,000. Vanguard Group Inc. lifted its stake in Dycom Industries by 4.6% in the 1st quarter. Vanguard Group Inc. now owns 2,437,127 shares of the construction company’s stock valued at $226,531,000 after purchasing an additional 106,817 shares during the last quarter. Finally, Virginia Retirement Systems ET AL lifted its stake in Dycom Industries by 40.2% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 25,100 shares of the construction company’s stock valued at $2,247,000 after purchasing an additional 7,200 shares during the last quarter.
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Several equities analysts recently commented on DY shares. ValuEngine raised shares of Dycom Industries from a “hold” rating to a “buy” rating in a research note on Thursday, May 25th. Zacks Investment Research downgraded shares of Dycom Industries from a “buy” rating to a “hold” rating in a research note on Monday, May 15th. Canaccord Genuity reissued a “buy” rating and issued a $52.00 price objective on shares of Dycom Industries in a research note on Thursday, May 25th. FBR & Co reissued an “outperform” rating on shares of Dycom Industries in a research note on Monday, June 19th. Finally, KeyCorp raised shares of Dycom Industries from a “sector weight” rating to an “overweight” rating and set a $87.00 price objective for the company in a research note on Wednesday, August 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $105.29.
Dycom Industries, Inc. (DY) opened at 78.01 on Friday. The firm has a market capitalization of $2.42 billion, a PE ratio of 15.34 and a beta of 1.26. The firm has a 50-day moving average of $83.41 and a 200 day moving average of $91.69. Dycom Industries, Inc. has a 12 month low of $70.33 and a 12 month high of $110.64.
Dycom Industries (NYSE:DY) last announced its quarterly earnings data on Wednesday, August 30th. The construction company reported $1.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.03. The firm had revenue of $780.20 million during the quarter, compared to analyst estimates of $798.62 million. Dycom Industries had a net margin of 5.13% and a return on equity of 26.68%. The business’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.64 EPS. Equities research analysts forecast that Dycom Industries, Inc. will post $4.37 earnings per share for the current year.
Dycom Industries Profile
Dycom Industries, Inc is a provider of specialty contracting services throughout the United States and in Canada. The Company, through its subsidiaries, provides program management, engineering, construction, maintenance and installation services for telecommunications providers, underground facility locating services for various utilities, including telecommunications providers, and other construction and maintenance services for electric and gas utilities.
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