Two Sigma Securities LLC Takes Position in Dycom Industries, Inc. (NYSE:DY)

Two Sigma Securities LLC bought a new position in Dycom Industries, Inc. (NYSE:DY) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 4,454 shares of the construction company’s stock, valued at approximately $241,000.

A number of other large investors have also modified their holdings of DY. Schroder Investment Management Group raised its position in Dycom Industries by 29.0% in the 3rd quarter. Schroder Investment Management Group now owns 927,539 shares of the construction company’s stock worth $78,470,000 after purchasing an additional 208,636 shares during the period. SG Capital Management LLC increased its position in shares of Dycom Industries by 984.5% in the fourth quarter. SG Capital Management LLC now owns 214,425 shares of the construction company’s stock valued at $11,588,000 after acquiring an additional 194,654 shares during the period. Clearbridge Investments LLC increased its position in shares of Dycom Industries by 1,517,725.0% in the third quarter. Clearbridge Investments LLC now owns 182,139 shares of the construction company’s stock valued at $15,409,000 after acquiring an additional 182,127 shares during the period. 1060 Capital LLC purchased a new position in shares of Dycom Industries in the third quarter valued at about $11,218,000. Finally, Emerald Advisers LLC increased its position in shares of Dycom Industries by 47.9% in the fourth quarter. Emerald Advisers LLC now owns 342,201 shares of the construction company’s stock valued at $18,493,000 after acquiring an additional 110,857 shares during the period. Institutional investors own 94.78% of the company’s stock.

A number of research firms have issued reports on DY. Zacks Investment Research cut shares of Dycom Industries from a “hold” rating to a “sell” rating in a research report on Wednesday, January 23rd. ValuEngine cut shares of Dycom Industries from a “hold” rating to a “sell” rating in a research report on Thursday, January 24th. Craig Hallum decreased their price objective on shares of Dycom Industries from $75.00 to $51.00 and set a “buy” rating on the stock in a research report on Thursday, February 28th. Stephens decreased their price objective on shares of Dycom Industries from $130.00 to $57.00 and set an “overweight” rating on the stock in a research report on Monday, March 4th. Finally, DA Davidson decreased their price objective on shares of Dycom Industries from $77.00 to $50.00 and set a “neutral” rating on the stock in a research report on Thursday, February 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $76.80.

Shares of DY traded down $0.33 during trading hours on Monday, reaching $48.68. 475,800 shares of the company traded hands, compared to its average volume of 566,186. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 2.85 and a beta of 1.44. The company has a current ratio of 3.85, a quick ratio of 3.52 and a debt-to-equity ratio of 1.08. Dycom Industries, Inc. has a 12 month low of $41.78 and a 12 month high of $117.40.

Dycom Industries (NYSE:DY) last announced its earnings results on Wednesday, February 27th. The construction company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.07). The company had revenue of $748.62 million for the quarter, compared to the consensus estimate of $719.25 million. Dycom Industries had a net margin of 2.01% and a return on equity of 11.24%. The company’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.12 EPS. On average, research analysts forecast that Dycom Industries, Inc. will post 2.55 EPS for the current fiscal year.

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Dycom Industries Company Profile

Dycom Industries, Inc provides specialty contracting services in the United States. The company offers various specialty contracting services, including program management, engineering, construction, maintenance, and installation services, such as placement and splicing of fiber, copper, and coaxial cables to telecommunications providers.

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

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