Kiwi Wealth Investments Limited Partnership Increases Holdings in Dycom Industries, Inc. (DY)

Kiwi Wealth Investments Limited Partnership grew its position in Dycom Industries, Inc. (NYSE:DY) by 3.8% in the first quarter, HoldingsChannel.com reports. The fund owned 69,199 shares of the construction company’s stock after buying an additional 2,552 shares during the period. Kiwi Wealth Investments Limited Partnership’s holdings in Dycom Industries were worth $7,448,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Alliancebernstein L.P. lifted its position in shares of Dycom Industries by 15.1% during the 4th quarter. Alliancebernstein L.P. now owns 1,025,193 shares of the construction company’s stock worth $114,237,000 after buying an additional 134,410 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Dycom Industries by 1.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 923,366 shares of the construction company’s stock worth $99,382,000 after buying an additional 16,041 shares during the period. Schroder Investment Management Group lifted its position in shares of Dycom Industries by 10.6% during the 1st quarter. Schroder Investment Management Group now owns 548,559 shares of the construction company’s stock worth $59,041,000 after buying an additional 52,486 shares during the period. 12th Street Asset Management Company LLC lifted its position in shares of Dycom Industries by 8.0% during the 1st quarter. 12th Street Asset Management Company LLC now owns 394,410 shares of the construction company’s stock worth $42,451,000 after buying an additional 29,123 shares during the period. Finally, American Century Companies Inc. lifted its position in shares of Dycom Industries by 87.9% during the 1st quarter. American Century Companies Inc. now owns 275,114 shares of the construction company’s stock worth $29,611,000 after buying an additional 128,713 shares during the period.

Shares of Dycom Industries opened at $97.77 on Thursday, according to Marketbeat Ratings. The company has a quick ratio of 3.09, a current ratio of 3.39 and a debt-to-equity ratio of 0.98. Dycom Industries, Inc. has a 52-week low of $73.95 and a 52-week high of $123.99. The firm has a market capitalization of $3.02 billion, a price-to-earnings ratio of 29.96, a price-to-earnings-growth ratio of 1.70 and a beta of 1.40.

Dycom Industries (NYSE:DY) last issued its quarterly earnings data on Tuesday, May 22nd. The construction company reported $0.65 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.04). Dycom Industries had a net margin of 4.44% and a return on equity of 14.59%. The business had revenue of $731.40 million during the quarter, compared to the consensus estimate of $734.89 million. During the same quarter in the previous year, the firm posted $1.30 EPS. The company’s revenue for the quarter was down 7.0% compared to the same quarter last year. equities research analysts forecast that Dycom Industries, Inc. will post 4.63 earnings per share for the current year.

In other Dycom Industries news, Director Richard K. Sykes acquired 2,000 shares of the business’s stock in a transaction on Wednesday, May 30th. The stock was purchased at an average price of $94.81 per share, for a total transaction of $189,620.00. Following the transaction, the director now owns 3,934 shares in the company, valued at approximately $372,982.54. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 5.39% of the company’s stock.

Several equities analysts recently commented on DY shares. Wells Fargo & Co raised their target price on Dycom Industries from $108.50 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. Stifel Nicolaus cut their target price on Dycom Industries from $126.00 to $117.00 and set a “buy” rating for the company in a research report on Wednesday, May 23rd. B. Riley raised their target price on Dycom Industries from $132.00 to $137.00 and gave the stock a “buy” rating in a research report on Thursday, March 1st. Zacks Investment Research downgraded Dycom Industries from a “buy” rating to a “hold” rating in a research report on Thursday, May 24th. Finally, Craig Hallum cut their target price on Dycom Industries from $129.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, May 23rd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. Dycom Industries currently has an average rating of “Buy” and a consensus target price of $115.45.

Dycom Industries Profile

Dycom Industries, Inc provides specialty contracting services in the United States and Canada. The company offers various specialty contracting services, including program management, engineering, construction, maintenance, and installation services, such as placement and splicing of fiber, copper, and coaxial cables to telecommunications providers.

Want to see what other hedge funds are holding DY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dycom Industries, Inc. (NYSE:DY).

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

Receive News & Ratings for Dycom Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dycom Industries and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply