Raymond James Financial Services Advisors Inc. reduced its position in shares of Dycom Industries, Inc. (NYSE:DY) by 0.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,416 shares of the construction company’s stock after selling 159 shares during the period. Raymond James Financial Services Advisors Inc. owned 0.09% of Dycom Industries worth $2,633,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of DY. Pacad Investment Ltd. increased its position in shares of Dycom Industries by 71.4% during the second quarter. Pacad Investment Ltd. now owns 1,200 shares of the construction company’s stock valued at $107,000 after acquiring an additional 500 shares in the last quarter. Riverhead Capital Management LLC increased its position in shares of Dycom Industries by 96.0% during the second quarter. Riverhead Capital Management LLC now owns 1,764 shares of the construction company’s stock valued at $158,000 after acquiring an additional 864 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Dycom Industries by 257.7% during the second quarter. Tower Research Capital LLC TRC now owns 2,146 shares of the construction company’s stock valued at $192,000 after acquiring an additional 1,546 shares in the last quarter. Sigma Planning Corp bought a new stake in shares of Dycom Industries during the second quarter valued at approximately $211,000. Finally, Shelton Capital Management bought a new stake in shares of Dycom Industries during the second quarter valued at approximately $215,000.

Shares of Dycom Industries, Inc. (DY) opened at 83.38 on Wednesday. The company has a market capitalization of $2.59 billion, a P/E ratio of 16.95 and a beta of 1.29. The firm has a 50-day moving average of $81.93 and a 200-day moving average of $90.20. Dycom Industries, Inc. has a one year low of $70.33 and a one year high of $110.64.

Dycom Industries (NYSE:DY) last posted its quarterly earnings data on Wednesday, August 30th. The construction company reported $1.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.44 by $0.03. The business had revenue of $780.20 million for the quarter, compared to the consensus estimate of $798.62 million. Dycom Industries had a net margin of 5.13% and a return on equity of 26.68%. The company’s revenue was down 1.1% compared to the same quarter last year. During the same period last year, the firm posted $1.64 earnings per share. Analysts forecast that Dycom Industries, Inc. will post $4.36 earnings per share for the current year.

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Several equities research analysts recently weighed in on DY shares. Canaccord Genuity reduced their price target on shares of Dycom Industries from $120.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, August 31st. BidaskClub downgraded shares of Dycom Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, August 22nd. Deutsche Bank AG began coverage on shares of Dycom Industries in a research report on Tuesday, September 26th. They set a “buy” rating and a $103.00 price target for the company. KeyCorp upgraded shares of Dycom Industries from a “sector weight” rating to an “overweight” rating and set a $87.00 target price on the stock in a report on Wednesday, August 30th. Finally, Craig Hallum restated a “buy” rating and issued a $90.00 target price (down previously from $115.00) on shares of Dycom Industries in a report on Thursday, August 31st. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. Dycom Industries presently has a consensus rating of “Buy” and a consensus price target of $102.71.

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.

Institutional Ownership by Quarter for Dycom Industries (NYSE:DY)

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