Vanguard Personalized Indexing Management LLC Has $211,000 Stock Holdings in Dycom Industries, Inc. (NYSE:DY)

Vanguard Personalized Indexing Management LLC trimmed its stake in Dycom Industries, Inc. (NYSE:DY) by 7.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,367 shares of the construction company’s stock after selling 103 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Dycom Industries were worth $211,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Peconic Partners LLC grew its holdings in Dycom Industries by 0.7% in the fourth quarter. Peconic Partners LLC now owns 3,265,682 shares of the construction company’s stock worth $375,847,000 after purchasing an additional 21,635 shares during the period. Vanguard Group Inc. grew its holdings in Dycom Industries by 0.4% in the first quarter. Vanguard Group Inc. now owns 3,196,041 shares of the construction company’s stock worth $458,728,000 after purchasing an additional 12,395 shares during the period. First Trust Advisors LP grew its holdings in Dycom Industries by 36.3% in the fourth quarter. First Trust Advisors LP now owns 271,782 shares of the construction company’s stock worth $31,279,000 after purchasing an additional 72,415 shares during the period. Bank of New York Mellon Corp grew its holdings in Dycom Industries by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 230,216 shares of the construction company’s stock worth $38,851,000 after purchasing an additional 971 shares during the period. Finally, Appian Way Asset Management LP grew its holdings in Dycom Industries by 84.2% in the first quarter. Appian Way Asset Management LP now owns 197,364 shares of the construction company’s stock worth $28,328,000 after purchasing an additional 90,198 shares during the period. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DY has been the subject of a number of analyst reports. Bank of America lifted their price objective on shares of Dycom Industries from $198.00 to $204.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Wells Fargo & Company lifted their price objective on shares of Dycom Industries from $185.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. B. Riley lifted their price objective on shares of Dycom Industries from $205.00 to $208.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. KeyCorp lifted their price objective on shares of Dycom Industries from $195.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Finally, StockNews.com cut shares of Dycom Industries from a “buy” rating to a “hold” rating in a report on Friday, July 26th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $199.57.

Dycom Industries Stock Up 2.2 %

DY opened at $197.10 on Tuesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.44 and a quick ratio of 3.25. The company’s 50-day moving average is $182.32 and its 200 day moving average is $166.49. Dycom Industries, Inc. has a fifty-two week low of $78.42 and a fifty-two week high of $199.77. The firm has a market capitalization of $5.73 billion, a P/E ratio of 25.40, a PEG ratio of 2.09 and a beta of 1.41.

Dycom Industries (NYSE:DY) last released its quarterly earnings results on Wednesday, August 21st. The construction company reported $2.46 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.20. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.20 billion. Dycom Industries had a net margin of 5.37% and a return on equity of 22.28%. The firm’s revenue was up 15.5% on a year-over-year basis. During the same period last year, the firm earned $2.03 earnings per share. Research analysts expect that Dycom Industries, Inc. will post 8.02 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Dycom Industries news, VP Jason T. Lawson sold 856 shares of Dycom Industries stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $174.48, for a total value of $149,354.88. Following the sale, the vice president now owns 6,937 shares of the company’s stock, valued at $1,210,367.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 4.28% of the company’s stock.

Dycom Industries Company Profile

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.