First Washington CORP trimmed its holdings in shares of Dycom Industries, Inc. (NYSE:DY) by 35.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,245 shares of the construction company’s stock after selling 12,060 shares during the period. First Washington CORP’s holdings in Dycom Industries were worth $2,479,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Dycom Industries by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 2,454,547 shares of the construction company’s stock valued at $219,732,000 after purchasing an additional 17,420 shares in the last quarter. Wellington Shields Capital Management LLC bought a new position in Dycom Industries in the 3rd quarter valued at $966,000. Thompson Siegel & Walmsley LLC boosted its position in Dycom Industries by 12.2% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 330,772 shares of the construction company’s stock valued at $28,406,000 after buying an additional 36,034 shares during the last quarter. State Street Corp boosted its position in Dycom Industries by 3.3% in the 2nd quarter. State Street Corp now owns 1,023,232 shares of the construction company’s stock valued at $91,602,000 after buying an additional 32,975 shares during the last quarter. Finally, Strs Ohio boosted its position in Dycom Industries by 461.8% in the 3rd quarter. Strs Ohio now owns 15,730 shares of the construction company’s stock valued at $1,350,000 after buying an additional 12,930 shares during the last quarter.

A number of brokerages have commented on DY. KeyCorp reiterated a “buy” rating and issued a $118.00 price objective on shares of Dycom Industries in a research report on Thursday, December 21st. ValuEngine upgraded Dycom Industries from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Stifel Nicolaus reiterated a “buy” rating and issued a $126.00 price objective (up from $120.00) on shares of Dycom Industries in a research report on Monday, December 11th. Stephens increased their price objective on Dycom Industries from $120.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, December 20th. Finally, Zacks Investment Research upgraded Dycom Industries from a “sell” rating to a “hold” rating in a research report on Thursday, November 30th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $115.60.

Dycom Industries, Inc. (DY) opened at $111.14 on Monday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.86 and a current ratio of 3.16. The firm has a market capitalization of $3,438.54, a PE ratio of 26.21, a price-to-earnings-growth ratio of 1.73 and a beta of 1.36. Dycom Industries, Inc. has a twelve month low of $73.95 and a twelve month high of $123.99.

Dycom Industries (NYSE:DY) last posted its earnings results on Monday, November 20th. The construction company reported $0.99 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.09. The firm had revenue of $756.20 million for the quarter, compared to analyst estimates of $729.35 million. Dycom Industries had a return on equity of 22.49% and a net margin of 4.46%. The company’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.67 earnings per share. equities analysts predict that Dycom Industries, Inc. will post 4.09 EPS for the current year.

WARNING: “Dycom Industries, Inc. (DY) Position Trimmed by First Washington CORP” was posted by Daily Political and is the property of of Daily Political. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States & international copyright law. The correct version of this report can be accessed at https://www.dailypolitical.com/2018/02/12/dycom-industries-inc-dy-position-trimmed-by-first-washington-corp.html.

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.

Want to see what other hedge funds are holding DY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dycom Industries, Inc. (NYSE:DY).

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

Receive News & Ratings for Dycom Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dycom Industries and related companies with MarketBeat.com's FREE daily email newsletter.