Hodges Capital Management Inc. Acquires 16,050 Shares of Dycom Industries, Inc. (DY)
Hodges Capital Management Inc. raised its stake in Dycom Industries, Inc. (NYSE:DY) by 58.4% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 43,550 shares of the construction company’s stock after buying an additional 16,050 shares during the period. Hodges Capital Management Inc. owned approximately 0.14% of Dycom Industries worth $3,899,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in DY. Callahan Advisors LLC boosted its position in shares of Dycom Industries by 13.7% in the second quarter. Callahan Advisors LLC now owns 57,560 shares of the construction company’s stock valued at $5,153,000 after buying an additional 6,955 shares during the last quarter. Emerald Mutual Fund Advisers Trust boosted its position in shares of Dycom Industries by 1.2% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 282,048 shares of the construction company’s stock valued at $25,249,000 after buying an additional 3,381 shares during the last quarter. Moody Aldrich Partners LLC boosted its position in shares of Dycom Industries by 31.3% in the second quarter. Moody Aldrich Partners LLC now owns 8,450 shares of the construction company’s stock valued at $756,000 after buying an additional 2,015 shares during the last quarter. Suffolk Capital Management LLC acquired a new position in shares of Dycom Industries during the second quarter valued at approximately $1,666,000. Finally, Daiwa Securities Group Inc. acquired a new position in shares of Dycom Industries during the second quarter valued at approximately $1,969,000.
Shares of Dycom Industries, Inc. (NYSE:DY) opened at 84.10 on Tuesday. The firm’s 50-day moving average is $90.07 and its 200 day moving average is $91.52. The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of 16.54 and a beta of 1.18. Dycom Industries, Inc. has a 52-week low of $70.33 and a 52-week high of $110.64.
Dycom Industries (NYSE:DY) last posted its quarterly earnings data on Wednesday, May 24th. The construction company reported $1.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.11. The firm had revenue of $786.30 million for the quarter, compared to the consensus estimate of $736.20 million. Dycom Industries had a net margin of 5.30% and a return on equity of 28.96%. The business’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.08 EPS. On average, equities research analysts anticipate that Dycom Industries, Inc. will post $5.23 earnings per share for the current year.
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Several brokerages recently commented on DY. BidaskClub cut shares of Dycom Industries from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. FBR & Co restated an “outperform” rating on shares of Dycom Industries in a report on Monday, June 19th. ValuEngine cut shares of Dycom Industries from a “buy” rating to a “hold” rating in a report on Thursday, June 1st. DA Davidson restated a “neutral” rating and set a $97.00 target price (down previously from $105.00) on shares of Dycom Industries in a report on Sunday, May 28th. Finally, Zacks Investment Research cut shares of Dycom Industries from a “buy” rating to a “hold” rating in a report on Friday, May 26th. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Dycom Industries presently has an average rating of “Buy” and an average price target of $102.09.
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 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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