First Bank & Trust Acquires 108 Shares of Dycom Industries, Inc. (NYSE:DY)

First Bank & Trust raised its holdings in Dycom Industries, Inc. (NYSE:DY) by 5.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,013 shares of the construction company’s stock after buying an additional 108 shares during the quarter. First Bank & Trust’s holdings in Dycom Industries were worth $289,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in DY. Thompson Davis & CO. Inc. grew its stake in Dycom Industries by 4.0% in the fourth quarter. Thompson Davis & CO. Inc. now owns 2,600 shares of the construction company’s stock worth $299,000 after purchasing an additional 100 shares during the period. Quadrant Capital Group LLC grew its stake in Dycom Industries by 26.4% in the fourth quarter. Quadrant Capital Group LLC now owns 770 shares of the construction company’s stock worth $89,000 after purchasing an additional 161 shares during the period. Raymond James & Associates grew its stake in Dycom Industries by 7.6% in the fourth quarter. Raymond James & Associates now owns 2,759 shares of the construction company’s stock worth $318,000 after purchasing an additional 194 shares during the period. NBC Securities Inc. grew its stake in Dycom Industries by 2.8% in the fourth quarter. NBC Securities Inc. now owns 8,076 shares of the construction company’s stock worth $929,000 after purchasing an additional 223 shares during the period. Finally, Keel Point LLC grew its stake in Dycom Industries by 11.6% in the fourth quarter. Keel Point LLC now owns 3,607 shares of the construction company’s stock worth $415,000 after purchasing an additional 374 shares during the period. 98.33% of the stock is currently owned by institutional investors.

Insider Activity

In other news, VP Jason T. Lawson sold 220 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $140.27, for a total transaction of $30,859.40. Following the transaction, the vice president now directly owns 7,793 shares of the company’s stock, valued at $1,093,124.11. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 4.28% of the company’s stock.

Dycom Industries Trading Down 0.9 %

Shares of NYSE:DY opened at $168.76 on Friday. The company has a market cap of $4.91 billion, a P/E ratio of 21.75, a PEG ratio of 1.82 and a beta of 1.48. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.17 and a quick ratio of 2.97. Dycom Industries, Inc. has a 1 year low of $78.42 and a 1 year high of $186.47. The stock’s fifty day moving average price is $162.07 and its 200-day moving average price is $137.49.

Dycom Industries (NYSE:DY) last announced its quarterly earnings results on Wednesday, May 22nd. The construction company reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.73. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.09 billion. Dycom Industries had a return on equity of 22.15% and a net margin of 5.38%. The company’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.73 earnings per share. Sell-side analysts expect that Dycom Industries, Inc. will post 7.96 earnings per share for the current year.

Wall Street Analyst Weigh In

DY has been the topic of several recent research reports. Raymond James upped their price target on Dycom Industries from $143.00 to $195.00 and gave the stock a “strong-buy” rating in a research note on Thursday, May 23rd. Craig Hallum increased their target price on Dycom Industries from $145.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Wells Fargo & Company increased their target price on Dycom Industries from $165.00 to $175.00 and gave the stock an “overweight” rating in a research note on Monday, May 20th. B. Riley increased their target price on Dycom Industries from $172.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, May 31st. Finally, Bank of America increased their target price on Dycom Industries from $160.00 to $198.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Dycom Industries currently has an average rating of “Buy” and an average price target of $191.71.

About Dycom Industries

Dycom Industries, Inc provides specialty contracting services to the telecommunications infrastructure and utility industries in the United States. The company offers engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems; wireless networks in connection with the deployment of macro cell and new small cell sites; and program and project management and inspection personnel.