Nomura Holdings Inc. increased its position in Dycom Industries Inc. (NYSE:DY) by 367.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,145 shares of the company’s stock after buying an additional 29,988 shares during the period. Nomura Holdings Inc. owned about 0.12% of Dycom Industries worth $3,402,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Peconic Partners LLC boosted its position in shares of Dycom Industries by 1.0% in the first quarter. Peconic Partners LLC now owns 1,924,997 shares of the company’s stock worth $124,490,000 after buying an additional 20,000 shares during the last quarter. Stephens Inc. AR acquired a new position in shares of Dycom Industries during the second quarter worth approximately $3,439,000. Envestnet Asset Management Inc. boosted its position in shares of Dycom Industries by 7.1% in the first quarter. Envestnet Asset Management Inc. now owns 45,792 shares of the company’s stock worth $2,961,000 after buying an additional 3,046 shares during the last quarter. BlackRock Group LTD boosted its position in shares of Dycom Industries by 7.2% in the first quarter. BlackRock Group LTD now owns 51,782 shares of the company’s stock worth $3,349,000 after buying an additional 3,474 shares during the last quarter. Finally, Icon Advisers Inc. Co. acquired a new position in shares of Dycom Industries during the second quarter worth approximately $4,219,000.

Dycom Industries Inc. (NYSE:DY) opened at 80.63 on Wednesday. The stock has a market cap of $2.53 billion, a PE ratio of 20.73 and a beta of 1.56. The company’s 50 day moving average is $86.12 and its 200 day moving average is $79.17. Dycom Industries Inc. has a 12 month low of $47.10 and a 12 month high of $98.45.

Dycom Industries (NYSE:DY) last released its quarterly earnings data on Tuesday, August 23rd. The company reported $1.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.55 by $0.09. Dycom Industries had a net margin of 4.82% and a return on equity of 27.39%. The business earned $789.16 million during the quarter, compared to analyst estimates of $770.66 million. During the same quarter last year, the business earned $0.97 earnings per share. Dycom Industries’s quarterly revenue was up 36.4% compared to the same quarter last year. On average, analysts anticipate that Dycom Industries Inc. will post $5.37 EPS for the current fiscal year.

DY has been the topic of a number of analyst reports. Vetr cut shares of Dycom Industries from a “hold” rating to a “sell” rating and set a $90.92 target price on the stock. in a research report on Monday, August 8th. FBR & Co reiterated a “buy” rating on shares of Dycom Industries in a research report on Thursday, May 26th. Canaccord Genuity restated a “buy” rating and issued a $92.00 price objective on shares of Dycom Industries in a research report on Wednesday, May 25th. Zacks Investment Research upgraded shares of Dycom Industries from a “hold” rating to a “buy” rating and set a $95.00 price objective on the stock in a research report on Thursday, August 25th. Finally, Wells Fargo & Co. restated a “buy” rating on shares of Dycom Industries in a research report on Sunday, June 5th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Dycom Industries has a consensus rating of “Buy” and an average price target of $98.57.

In other news, Director Charles B. Coe sold 26,897 shares of the firm’s stock in a transaction dated Friday, June 24th. The shares were sold at an average price of $89.90, for a total value of $2,418,040.30. Following the completion of the sale, the director now owns 69,290 shares in the company, valued at approximately $6,229,171. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Kimberly L. Dickens sold 1,661 shares of the firm’s stock in a transaction dated Wednesday, July 13th. The stock was sold at an average price of $95.87, for a total transaction of $159,240.07. Following the completion of the sale, the vice president now owns 5,439 shares of the company’s stock, valued at approximately $521,436.93. The disclosure for this sale can be found here. 4.96% of the stock is currently owned by insiders.

Dycom Industries Company Profile

Dycom Industries, Inc is a provider of specialty contracting services throughout the United States and in Canada. The Company, through its subsidiaries, provides engineering, construction, maintenance and installation services to telecommunications providers, underground facility locating services to various utilities, including telecommunications providers, and other construction and maintenance services to electric and gas utilities.

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