16,283 Shares in Dycom Industries, Inc. (NYSE:DY) Acquired by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC acquired a new position in Dycom Industries, Inc. (NYSE:DY) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 16,283 shares of the construction company’s stock, valued at approximately $2,834,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DY. Hennessy Advisors Inc. bought a new position in Dycom Industries in the 4th quarter worth approximately $50,234,000. International Assets Investment Management LLC bought a new position in Dycom Industries during the 3rd quarter valued at $19,424,000. Eagle Asset Management Inc. bought a new position in Dycom Industries during the 3rd quarter valued at $13,144,000. ARS Investment Partners LLC bought a new position in Dycom Industries during the 4th quarter valued at $11,935,000. Finally, Point72 Asset Management L.P. bought a new position in Dycom Industries during the 3rd quarter valued at $12,223,000. 98.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on DY. DA Davidson reaffirmed a “buy” rating and set a $210.00 price target on shares of Dycom Industries in a research note on Tuesday, November 19th. Wells Fargo & Company increased their price target on Dycom Industries from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. KeyCorp increased their price target on Dycom Industries from $227.00 to $229.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. Finally, Raymond James increased their price target on Dycom Industries from $210.00 to $215.00 and gave the company a “strong-buy” rating in a research note on Tuesday, February 4th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Dycom Industries has an average rating of “Buy” and a consensus price target of $208.88.

Insider Activity

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 value of $74,437.30. Following the completion of the sale, the director now owns 8,873 shares in the company, valued at $1,536,005.03. This represents a 4.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Peter T. Pruitt, Jr. sold 2,900 shares of the stock in a transaction on Friday, January 10th. The shares were sold at an average price of $175.08, for a total value of $507,732.00. Following the completion of the sale, the director now owns 14,533 shares of the company’s stock, valued at $2,544,437.64. The trade was a 16.64 % decrease in their position. The disclosure for this sale can be found here. Insiders own 4.28% of the company’s stock.

Dycom Industries Price Performance

Shares of NYSE:DY opened at $174.91 on Wednesday. Dycom Industries, Inc. has a one year low of $112.50 and a one year high of $207.20. The stock has a fifty day moving average of $182.74 and a 200-day moving average of $184.54. The company has a market capitalization of $5.10 billion, a PE ratio of 23.01, a price-to-earnings-growth ratio of 1.51 and a beta of 1.42. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.93 and a current ratio of 3.12.

Dycom Industries 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.