Dycom Industries, Inc. (DY) Holdings Reduced by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its position in Dycom Industries, Inc. (NYSE:DY) by 2.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 24,787 shares of the construction company’s stock after selling 623 shares during the period. Mutual of America Capital Management LLC’s holdings in Dycom Industries were worth $2,762,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in DY. SG Capital Management LLC purchased a new stake in shares of Dycom Industries during the 3rd quarter valued at $15,925,000. Peregrine Capital Management LLC purchased a new stake in shares of Dycom Industries during the 4th quarter valued at $18,241,000. American Century Companies Inc. grew its stake in shares of Dycom Industries by 50.4% during the 3rd quarter. American Century Companies Inc. now owns 270,572 shares of the construction company’s stock valued at $23,237,000 after buying an additional 90,723 shares during the period. Wells Fargo & Company MN grew its stake in shares of Dycom Industries by 12.2% during the 3rd quarter. Wells Fargo & Company MN now owns 783,436 shares of the construction company’s stock valued at $67,282,000 after buying an additional 85,079 shares during the period. Finally, Alyeska Investment Group L.P. purchased a new stake in shares of Dycom Industries during the 3rd quarter valued at $6,264,000.

Dycom Industries, Inc. (DY) opened at $111.14 on Friday. The company has a current ratio of 3.16, a quick ratio of 2.86 and a debt-to-equity ratio of 1.07. The firm has a market cap of $3,438.56, a price-to-earnings ratio of 24.27, a P/E/G ratio of 1.73 and a beta of 1.36. Dycom Industries, Inc. has a 1-year low of $73.95 and a 1-year high of $123.99.

Dycom Industries (NYSE:DY) last posted its earnings results on Monday, November 20th. The construction company reported $0.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.09. The business had revenue of $756.20 million for the quarter, compared to analyst estimates of $729.35 million. Dycom Industries had a net margin of 4.46% and a return on equity of 22.49%. The business’s quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.67 EPS. research analysts forecast that Dycom Industries, Inc. will post 4.09 earnings per share for the current fiscal year.

Several analysts have recently issued reports on DY shares. Stephens boosted their price objective on shares of Dycom Industries from $120.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, December 20th. Zacks Investment Research raised shares of Dycom Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 31st. KeyCorp reissued a “buy” rating and set a $118.00 price objective on shares of Dycom Industries in a research note on Thursday, December 21st. B. Riley reissued a “buy” rating and set a $119.00 price objective (up from $98.00) on shares of Dycom Industries in a research note on Friday, November 17th. Finally, Stifel Nicolaus boosted their price objective on shares of Dycom Industries from $93.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, November 29th. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the stock. Dycom Industries presently has an average rating of “Buy” and an average price target of $115.60.

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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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Institutional Ownership by Quarter for Dycom Industries (NYSE:DY)

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