Employees Retirement System of Texas Holds Position in Dycom Industries, Inc. (DY)
Employees Retirement System of Texas held its position in Dycom Industries, Inc. (NYSE:DY) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,000 shares of the construction company’s stock at the end of the 2nd quarter. Employees Retirement System of Texas’ holdings in Dycom Industries were worth $1,253,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in DY. Pacad Investment Ltd. lifted its holdings in Dycom Industries by 71.4% during the 2nd quarter. Pacad Investment Ltd. now owns 1,200 shares of the construction company’s stock worth $107,000 after buying an additional 500 shares in the last quarter. Riverhead Capital Management LLC lifted its holdings in Dycom Industries by 96.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,764 shares of the construction company’s stock worth $158,000 after buying an additional 864 shares in the last quarter. Sigma Planning Corp acquired a new stake in Dycom Industries during the 2nd quarter worth approximately $211,000. LS Investment Advisors LLC lifted its holdings in Dycom Industries by 16.0% during the 2nd quarter. LS Investment Advisors LLC now owns 2,439 shares of the construction company’s stock worth $218,000 after buying an additional 337 shares in the last quarter. Finally, Capstone Asset Management Co. lifted its holdings in Dycom Industries by 3.8% during the 2nd quarter. Capstone Asset Management Co. now owns 2,448 shares of the construction company’s stock worth $219,000 after buying an additional 90 shares in the last quarter.
Shares of Dycom Industries, Inc. (DY) opened at 82.94 on Friday. Dycom Industries, Inc. has a 12 month low of $70.33 and a 12 month high of $110.64. The firm has a 50 day moving average of $81.93 and a 200-day moving average of $90.22. The stock has a market capitalization of $2.58 billion, a P/E ratio of 16.86 and a beta of 1.29.
Dycom Industries (NYSE:DY) last announced its quarterly earnings data on Wednesday, August 30th. The construction company reported $1.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.44 by $0.03. Dycom Industries had a net margin of 5.13% and a return on equity of 26.68%. The firm had revenue of $780.20 million during the quarter, compared to analysts’ expectations of $798.62 million. During the same quarter last year, the business earned $1.64 earnings per share. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. Analysts forecast that Dycom Industries, Inc. will post $4.36 earnings per share for the current year.
DY has been the topic of a number of research reports. BidaskClub lowered shares of Dycom Industries from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Deutsche Bank AG initiated coverage on shares of Dycom Industries in a report on Tuesday, September 26th. They set a “buy” rating and a $103.00 target price on the stock. Craig Hallum reiterated a “buy” rating and set a $90.00 target price (down from $115.00) on shares of Dycom Industries in a report on Thursday, August 31st. They noted that the move was a valuation call. Canaccord Genuity dropped their price objective on shares of Dycom Industries from $120.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, August 31st. Finally, FBR & Co reissued an “outperform” rating on shares of Dycom Industries in a research report on Monday, June 19th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. Dycom Industries presently has an average rating of “Buy” and a consensus price target of $102.71.
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About Dycom Industries
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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