Scout Investments Inc. Sells 5,832 Shares of Dycom Industries, Inc. (NYSE:DY)

Scout Investments Inc. lessened its holdings in Dycom Industries, Inc. (NYSE:DY) by 5.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 92,208 shares of the construction company’s stock after selling 5,832 shares during the quarter. Scout Investments Inc.’s holdings in Dycom Industries were worth $12,875,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of DY. Allspring Global Investments Holdings LLC acquired a new position in Dycom Industries in the first quarter valued at about $28,000. Headlands Technologies LLC acquired a new position in Dycom Industries in the first quarter valued at about $72,000. Quadrant Capital Group LLC raised its stake in Dycom Industries by 26.4% in the fourth quarter. Quadrant Capital Group LLC now owns 770 shares of the construction company’s stock valued at $89,000 after purchasing an additional 161 shares in the last quarter. Principal Securities Inc. acquired a new position in Dycom Industries in the fourth quarter valued at about $142,000. Finally, Strs Ohio raised its stake in Dycom Industries by 50.0% during the fourth quarter. Strs Ohio now owns 1,500 shares of the construction company’s stock worth $172,000 after acquiring an additional 500 shares in the last quarter. Institutional investors own 98.33% of the company’s stock.

Dycom Industries Stock Up 0.2 %

Shares of DY stock traded up $0.34 during trading hours on Friday, reaching $175.83. The company had a trading volume of 99,781 shares, compared to its average volume of 256,388. Dycom Industries, Inc. has a 12 month low of $78.42 and a 12 month high of $186.47. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.17 and a quick ratio of 2.97. The business has a fifty day simple moving average of $170.62 and a 200-day simple moving average of $143.11. The company has a market cap of $5.11 billion, a price-to-earnings ratio of 22.90, a price-to-earnings-growth ratio of 1.86 and a beta of 1.45.

Dycom Industries (NYSE:DY) last posted its earnings results on Wednesday, May 22nd. The construction company reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.73. Dycom Industries had a return on equity of 22.15% and a net margin of 5.38%. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the company earned $1.73 earnings per share. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, research analysts expect that Dycom Industries, Inc. will post 7.97 earnings per share for the current fiscal year.

Insider Activity at Dycom Industries

In related news, VP Jason T. Lawson sold 856 shares of the stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $174.48, for a total transaction of $149,354.88. Following the completion of the sale, the vice president now directly owns 6,937 shares of the company’s stock, valued at $1,210,367.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.28% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

DY has been the subject of several research analyst reports. B. Riley boosted their target price on Dycom Industries from $172.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, May 31st. Craig Hallum boosted their price target on Dycom Industries from $145.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. KeyCorp boosted their price target on Dycom Industries from $169.00 to $179.00 and gave the stock an “overweight” rating in a report on Thursday, May 23rd. Bank of America boosted their price target on Dycom Industries from $160.00 to $198.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Finally, Raymond James upped their target price on Dycom Industries from $143.00 to $195.00 and gave the company a “strong-buy” rating in a report on Thursday, May 23rd. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Dycom Industries has an average rating of “Buy” and an average price target of $195.29.

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.