Dycom Industries, Inc. (NYSE:DY) Shares Sold by Radnor Capital Management LLC

Radnor Capital Management LLC lowered its stake in shares of Dycom Industries, Inc. (NYSE:DY) by 0.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,310 shares of the construction company’s stock after selling 120 shares during the quarter. Radnor Capital Management LLC’s holdings in Dycom Industries were worth $2,665,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of DY. Millennium Management LLC increased its stake in Dycom Industries by 6.3% during the 2nd quarter. Millennium Management LLC now owns 1,631,453 shares of the construction company’s stock valued at $275,324,000 after purchasing an additional 96,846 shares in the last quarter. State Street Corp grew its holdings in shares of Dycom Industries by 4.0% during the third quarter. State Street Corp now owns 1,158,585 shares of the construction company’s stock valued at $228,357,000 after buying an additional 44,321 shares during the last quarter. FMR LLC increased its position in shares of Dycom Industries by 2.4% in the 3rd quarter. FMR LLC now owns 772,666 shares of the construction company’s stock valued at $152,292,000 after acquiring an additional 17,862 shares during the period. Hill City Capital LP raised its stake in Dycom Industries by 2.3% in the 3rd quarter. Hill City Capital LP now owns 679,784 shares of the construction company’s stock worth $133,985,000 after acquiring an additional 15,000 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in Dycom Industries by 4.3% during the 3rd quarter. Principal Financial Group Inc. now owns 666,051 shares of the construction company’s stock worth $131,278,000 after acquiring an additional 27,370 shares during the period. 98.33% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on DY. KeyCorp increased their price objective on Dycom Industries from $227.00 to $229.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. Wells Fargo & Company increased their price target on shares of Dycom Industries from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Finally, DA Davidson restated a “buy” rating and set a $210.00 price objective on shares of Dycom Industries in a research note on Tuesday, November 19th. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Dycom Industries presently has an average rating of “Buy” and an average target price of $206.38.

Dycom Industries Trading Up 2.8 %

Shares of NYSE:DY opened at $180.69 on Wednesday. The company has a market capitalization of $5.27 billion, a PE ratio of 23.78, a PEG ratio of 1.45 and a beta of 1.43. Dycom Industries, Inc. has a 12-month low of $109.87 and a 12-month high of $207.20. The business has a 50 day moving average of $181.35 and a two-hundred day moving average of $182.24. The company has a current ratio of 3.12, a quick ratio of 2.93 and a debt-to-equity ratio of 0.89.

Insider Activity

In related news, Director Peter T. Pruitt, Jr. sold 2,900 shares of Dycom Industries stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $175.08, for a total value of $507,732.00. Following the completion of the transaction, the director now owns 14,533 shares in the company, valued at $2,544,437.64. The trade was a 16.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jennifer M. Fritzsche sold 430 shares of the company’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $173.11, for a total value of $74,437.30. Following the completion of the transaction, the director now directly owns 8,873 shares of the company’s stock, valued at $1,536,005.03. The trade was a 4.62 % decrease in their position. The disclosure for this sale can be found here. Insiders own 4.28% of the company’s stock.

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.