Assetmark Inc. Has $306,000 Position in Dycom Industries, Inc. (NYSE:DY)

Assetmark Inc. cut its stake in Dycom Industries, Inc. (NYSE:DY) by 9.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,553 shares of the construction company’s stock after selling 170 shares during the period. Assetmark Inc.’s holdings in Dycom Industries were worth $306,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Annapolis Financial Services LLC bought a new stake in shares of Dycom Industries during the 3rd quarter worth approximately $29,000. Allspring Global Investments Holdings LLC bought a new stake in Dycom Industries during the first quarter worth $28,000. Anchor Investment Management LLC boosted its holdings in shares of Dycom Industries by 50.4% in the 2nd quarter. Anchor Investment Management LLC now owns 194 shares of the construction company’s stock valued at $33,000 after purchasing an additional 65 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Dycom Industries by 107.8% in the 2nd quarter. GAMMA Investing LLC now owns 293 shares of the construction company’s stock valued at $49,000 after purchasing an additional 152 shares during the last quarter. Finally, Signaturefd LLC raised its holdings in shares of Dycom Industries by 196.7% during the 2nd quarter. Signaturefd LLC now owns 359 shares of the construction company’s stock worth $61,000 after buying an additional 238 shares in the last quarter. 98.33% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Wells Fargo & Company raised their price objective on Dycom Industries from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Friday. B. Riley lifted their price target 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. Bank of America upped their price objective on shares of Dycom Industries from $198.00 to $204.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. KeyCorp raised their target price on shares of Dycom Industries from $200.00 to $227.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Finally, StockNews.com downgraded 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 given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Dycom Industries presently has an average rating of “Buy” and a consensus target price of $205.57.

Dycom Industries Trading Up 1.5 %

DY opened at $187.52 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.44 and a quick ratio of 3.25. Dycom Industries, Inc. has a fifty-two week low of $84.83 and a fifty-two week high of $207.20. The company’s 50 day moving average price is $188.73 and its two-hundred day moving average price is $177.74. The firm has a market capitalization of $5.46 billion, a price-to-earnings ratio of 23.29, a PEG ratio of 1.54 and a beta of 1.44.

Dycom Industries (NYSE:DY) last posted its quarterly earnings data 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. Dycom Industries had a return on equity of 22.28% and a net margin of 5.37%. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the prior year, the business posted $2.03 earnings per share. Dycom Industries’s quarterly revenue was up 15.5% on a year-over-year basis. As a group, research analysts predict that Dycom Industries, Inc. will post 7.96 earnings per share for the current year.

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.