Dycom Industries, Inc. (NYSE:DY) Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL lowered its position in Dycom Industries, Inc. (NYSE:DYFree Report) by 4.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,639 shares of the construction company’s stock after selling 404 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Dycom Industries were worth $769,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Swiss National Bank lifted its stake in Dycom Industries by 1.1% in the third quarter. Swiss National Bank now owns 64,500 shares of the construction company’s stock valued at $5,740,000 after buying an additional 700 shares during the last quarter. Impax Asset Management Group plc increased its holdings in shares of Dycom Industries by 20.8% in the third quarter. Impax Asset Management Group plc now owns 101,500 shares of the construction company’s stock valued at $9,034,000 after purchasing an additional 17,500 shares during the period. abrdn plc increased its holdings in shares of Dycom Industries by 275.0% in the third quarter. abrdn plc now owns 15,000 shares of the construction company’s stock valued at $1,335,000 after purchasing an additional 11,000 shares during the period. Schechter Investment Advisors LLC increased its holdings in shares of Dycom Industries by 1.0% in the third quarter. Schechter Investment Advisors LLC now owns 21,184 shares of the construction company’s stock valued at $1,885,000 after purchasing an additional 210 shares during the period. Finally, Illinois Municipal Retirement Fund acquired a new position in shares of Dycom Industries in the third quarter valued at approximately $1,539,000. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Insider Activity

In other news, CAO Sharon Villaverde sold 2,268 shares of the stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $102.10, for a total value of $231,562.80. Following the completion of the sale, the chief accounting officer now owns 6,524 shares in the company, valued at $666,100.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 4.25% of the company’s stock.

Dycom Industries Stock Performance

NYSE DY opened at $116.26 on Friday. The business’s 50-day moving average price is $112.93 and its 200 day moving average price is $99.59. Dycom Industries, Inc. has a twelve month low of $77.33 and a twelve month high of $117.72. The company has a market capitalization of $3.41 billion, a PE ratio of 15.69, a price-to-earnings-growth ratio of 0.91 and a beta of 1.32. The company has a current ratio of 3.50, a quick ratio of 3.26 and a debt-to-equity ratio of 0.90.

Dycom Industries (NYSE:DYGet Free Report) last announced its quarterly earnings results on Tuesday, November 21st. The construction company reported $2.82 EPS for the quarter, topping the consensus estimate of $1.75 by $1.07. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.07 billion. Dycom Industries had a return on equity of 23.29% and a net margin of 5.32%. The firm’s revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.69 earnings per share. On average, research analysts predict that Dycom Industries, Inc. will post 7.49 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on DY shares. Raymond James raised Dycom Industries from an “outperform” rating to a “strong-buy” rating and set a $120.00 target price on the stock in a report on Friday, October 20th. KeyCorp assumed coverage on Dycom Industries in a report on Wednesday, January 10th. They set an “overweight” rating and a $136.00 price objective on the stock. Wells Fargo & Company upped their price objective on Dycom Industries from $105.00 to $125.00 and gave the stock an “overweight” rating in a report on Wednesday, November 22nd. StockNews.com lowered Dycom Industries from a “buy” rating to a “hold” rating in a report on Wednesday, November 22nd. Finally, B. Riley upped their price objective on Dycom Industries from $94.00 to $101.00 and gave the stock a “neutral” rating in a report on Wednesday, November 22nd. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Dycom Industries currently has a consensus rating of “Moderate Buy” and an average price target of $121.86.

Check Out Our Latest Analysis on Dycom Industries

About Dycom Industries

(Free Report)

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.

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

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