GAMMA Investing LLC Cuts Position in Dycom Industries, Inc. (NYSE:DY)

GAMMA Investing LLC lowered its holdings in shares of Dycom Industries, Inc. (NYSE:DY) by 19.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 411 shares of the construction company’s stock after selling 101 shares during the period. GAMMA Investing LLC’s holdings in Dycom Industries were worth $72,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Ironwood Investment Management LLC raised its position in shares of Dycom Industries by 0.4% during the 2nd quarter. Ironwood Investment Management LLC now owns 14,625 shares of the construction company’s stock worth $2,468,000 after purchasing an additional 58 shares during the last quarter. First Horizon Advisors Inc. increased its stake in Dycom Industries by 25.4% during the 3rd quarter. First Horizon Advisors Inc. now owns 291 shares of the construction company’s stock worth $57,000 after buying an additional 59 shares in the last quarter. Anchor Investment Management LLC raised its holdings in shares of Dycom Industries by 50.4% during the second quarter. Anchor Investment Management LLC now owns 194 shares of the construction company’s stock valued at $33,000 after acquiring an additional 65 shares during the last quarter. HighTower Advisors LLC lifted its position in shares of Dycom Industries by 4.5% in the third quarter. HighTower Advisors LLC now owns 1,858 shares of the construction company’s stock valued at $366,000 after acquiring an additional 80 shares in the last quarter. Finally, Inspire Advisors LLC boosted its stake in shares of Dycom Industries by 1.3% in the second quarter. Inspire Advisors LLC now owns 7,059 shares of the construction company’s stock worth $1,191,000 after acquiring an additional 90 shares during the last quarter. 98.33% of the stock is owned by institutional investors and hedge funds.

Dycom Industries Stock Down 1.4 %

NYSE DY opened at $176.54 on Friday. The company has a quick ratio of 2.93, a current ratio of 3.12 and a debt-to-equity ratio of 0.89. Dycom Industries, Inc. has a 52 week low of $109.87 and a 52 week high of $207.20. The business’s fifty day simple moving average is $181.42 and its 200-day simple moving average is $182.00. The firm has a market cap of $5.15 billion, a PE ratio of 23.23, a P/E/G ratio of 1.45 and a beta of 1.43.

Insiders Place Their Bets

In other news, Director Jennifer M. Fritzsche sold 430 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $173.11, for a total transaction of $74,437.30. Following the completion of the transaction, the director now directly owns 8,873 shares in the company, valued at approximately $1,536,005.03. This represents a 4.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Peter T. Pruitt, Jr. sold 2,900 shares of the firm’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $175.08, for a total value of $507,732.00. Following the sale, the director now directly owns 14,533 shares of the company’s stock, valued at $2,544,437.64. The trade was a 16.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.28% of the stock is owned by insiders.

Analysts Set New Price Targets

DY has been the subject of several recent research reports. DA Davidson reissued a “buy” rating and issued a $210.00 price objective on shares of Dycom Industries in a research note on Tuesday, November 19th. KeyCorp increased their target price on shares of Dycom Industries from $227.00 to $229.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Wells Fargo & Company raised their price target on shares of Dycom Industries from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $206.38.

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.