Inspire Advisors LLC Boosts Holdings in Dycom Industries, Inc. (NYSE:DY)

Inspire Advisors LLC raised its holdings in Dycom Industries, Inc. (NYSE:DY) by 1.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,059 shares of the construction company’s stock after purchasing an additional 90 shares during the period. Inspire Advisors LLC’s holdings in Dycom Industries were worth $1,191,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. US Bancorp DE increased its position in Dycom Industries by 109.3% during the 4th quarter. US Bancorp DE now owns 14,623 shares of the construction company’s stock worth $1,683,000 after purchasing an additional 7,638 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Dycom Industries by 33.1% during the first quarter. BNP Paribas Financial Markets now owns 32,256 shares of the construction company’s stock worth $4,630,000 after buying an additional 8,028 shares in the last quarter. Sheets Smith Wealth Management raised its position in shares of Dycom Industries by 100.0% in the first quarter. Sheets Smith Wealth Management now owns 7,028 shares of the construction company’s stock valued at $1,009,000 after buying an additional 3,514 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Dycom Industries by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 3,183,646 shares of the construction company’s stock valued at $366,406,000 after buying an additional 42,121 shares during the period. Finally, Peconic Partners LLC boosted its position in Dycom Industries by 0.7% during the fourth quarter. Peconic Partners LLC now owns 3,265,682 shares of the construction company’s stock worth $375,847,000 after acquiring an additional 21,635 shares during the last quarter. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Dycom Industries Stock Performance

Shares of DY stock opened at $184.74 on Friday. The stock has a market capitalization of $5.38 billion, a price-to-earnings ratio of 23.81, a PEG ratio of 1.96 and a beta of 1.41. Dycom Industries, Inc. has a one year low of $78.42 and a one year high of $196.34. The company’s 50-day simple moving average is $178.09 and its 200-day simple moving average is $161.06. The company has a debt-to-equity ratio of 0.81, a quick ratio of 3.25 and a current ratio of 3.44.

Dycom Industries (NYSE:DY) last issued its earnings results on Wednesday, August 21st. The construction company reported $2.46 EPS for the quarter, topping the consensus estimate of $2.26 by $0.20. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.20 billion. Dycom Industries had a return on equity of 22.28% and a net margin of 5.37%. The business’s revenue was up 15.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.03 EPS. Equities analysts anticipate that Dycom Industries, Inc. will post 8.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DY has been the subject of several analyst reports. KeyCorp boosted their price target on Dycom Industries from $195.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Craig Hallum upped their price target on shares of Dycom Industries from $145.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. UBS Group upped their price target on Dycom Industries from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Raymond James raised their target price on shares of Dycom Industries from $143.00 to $195.00 and gave the company a “strong-buy” rating in a research note on Thursday, May 23rd. Finally, StockNews.com downgraded Dycom Industries from a “buy” rating to a “hold” rating in a report on Friday, July 26th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Dycom Industries has a consensus rating of “Buy” and an average price target of $199.57.

Insiders Place Their Bets

In other Dycom Industries news, VP Jason T. Lawson sold 856 shares of Dycom Industries stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $174.48, for a total value of $149,354.88. Following the completion of the transaction, the vice president now directly owns 6,937 shares in the company, valued at $1,210,367.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 4.28% of the stock is owned by corporate insiders.

Dycom Industries Profile

Dycom Industries, Inc provides specialty contracting services to the telecommunications infrastructure and utility industries in the United States. The company offers engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems; wireless networks in connection with the deployment of macro cell and new small cell sites; and program and project management and inspection personnel.