Dycom Industries, Inc. (NYSE:DY) Stock Position Trimmed by Gryphon Financial Partners LLC

Gryphon Financial Partners LLC lessened its stake in Dycom Industries, Inc. (NYSE:DY) by 0.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 163,310 shares of the construction company’s stock after selling 112 shares during the period. Dycom Industries makes up about 4.1% of Gryphon Financial Partners LLC’s holdings, making the stock its 4th biggest holding. Gryphon Financial Partners LLC owned 0.56% of Dycom Industries worth $27,560,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new position in shares of Dycom Industries during the 1st quarter valued at about $28,000. GAMMA Investing LLC raised its stake in shares of Dycom Industries by 107.8% during the second quarter. GAMMA Investing LLC now owns 293 shares of the construction company’s stock worth $49,000 after acquiring an additional 152 shares in the last quarter. SJS Investment Consulting Inc. lifted its holdings in shares of Dycom Industries by 5,071.4% in the 2nd quarter. SJS Investment Consulting Inc. now owns 362 shares of the construction company’s stock worth $61,000 after acquiring an additional 355 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Dycom Industries by 196.7% in the 2nd quarter. Signaturefd LLC now owns 359 shares of the construction company’s stock valued at $61,000 after purchasing an additional 238 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of Dycom Industries during the 1st quarter valued at $72,000. Institutional investors own 98.33% of the company’s stock.

Wall Street Analysts Forecast Growth

DY has been the subject of several analyst reports. Wells Fargo & Company upped their price target on shares of Dycom Industries from $185.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, July 17th. StockNews.com lowered Dycom Industries from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Bank of America boosted their price objective on Dycom Industries from $198.00 to $204.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. B. Riley raised their target price on shares of Dycom Industries from $205.00 to $208.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Finally, UBS Group increased their price target on shares of Dycom Industries from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Dycom Industries has an average rating of “Buy” and an average price target of $199.57.

Dycom Industries Stock Performance

Shares of DY stock opened at $177.37 on Tuesday. The firm has a market capitalization of $5.16 billion, a price-to-earnings ratio of 22.86, a PEG ratio of 1.81 and a beta of 1.41. The stock has a fifty day moving average of $177.41 and a 200 day moving average of $160.31. Dycom Industries, Inc. has a 52 week low of $78.42 and a 52 week high of $196.34. The company has a quick ratio of 3.25, a current ratio of 3.44 and a debt-to-equity ratio of 0.81.

Dycom Industries (NYSE:DY) last posted its earnings results on Wednesday, August 21st. The construction company reported $2.46 EPS for the quarter, topping the consensus estimate of $2.26 by $0.20. Dycom Industries had a net margin of 5.37% and a return on equity of 22.28%. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period last year, the company posted $2.03 EPS. The company’s quarterly revenue was up 15.5% compared to the same quarter last year. As a group, research analysts expect that Dycom Industries, Inc. will post 7.97 earnings per share for the current year.

Insiders Place Their Bets

In other Dycom Industries news, VP Jason T. Lawson sold 856 shares of the company’s 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 transaction, the vice president now owns 6,937 shares in the company, valued at approximately $1,210,367.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.28% of the stock is currently owned by company insiders.

Dycom Industries Company Profile

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.