Fifth Third Bancorp continued to hold its position in Dycom Industries, Inc. (NYSE:DY) during the fourth quarter, Holdings Channel reports. The fund owned 32,044 shares of the company’s stock at the end of the fourth quarter. Fifth Third Bancorp owned 0.10% of Dycom Industries worth $2,621,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in DY. York Capital Management Global Advisors LLC purchased a new position in shares of Dycom Industries during the third quarter worth $80,013,000. Peconic Partners LLC raised its position in shares of Dycom Industries by 10.4% in the third quarter. Peconic Partners LLC now owns 2,178,112 shares of the company’s stock worth $178,126,000 after buying an additional 204,845 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of Dycom Industries by 18.2% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 908,864 shares of the company’s stock worth $74,327,000 after buying an additional 140,267 shares during the last quarter. Braun Stacey Associates Inc. purchased a new position in shares of Dycom Industries during the second quarter worth $11,727,000. Finally, Royal Bank of Canada raised its position in shares of Dycom Industries by 77.6% in the second quarter. Royal Bank of Canada now owns 287,756 shares of the company’s stock worth $25,829,000 after buying an additional 125,703 shares during the last quarter.
Shares of Dycom Industries, Inc. (NYSE:DY) traded down 0.98% during midday trading on Friday, hitting $77.90. 283,366 shares of the stock were exchanged. Dycom Industries, Inc. has a 12 month low of $50.68 and a 12 month high of $98.45. The firm’s 50-day moving average is $79.55 and its 200-day moving average is $82.48. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of 17.07 and a beta of 1.31.
Dycom Industries (NYSE:DY) last released its quarterly earnings data on Monday, November 21st. The company reported $1.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.65 by $0.02. Dycom Industries had a net margin of 5.30% and a return on equity of 28.63%. The firm had revenue of $799.20 million for the quarter, compared to the consensus estimate of $801.34 million. During the same period last year, the firm earned $1.24 earnings per share. The company’s quarterly revenue was up 21.2% on a year-over-year basis. Equities research analysts predict that Dycom Industries, Inc. will post $5.11 earnings per share for the current year.
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A number of research firms have commented on DY. Zacks Investment Research raised shares of Dycom Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 24th. FBR & Co reaffirmed an “outperform” rating and issued a $115.00 target price on shares of Dycom Industries in a research report on Wednesday, December 7th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $105.00 target price on shares of Dycom Industries in a research report on Tuesday, November 22nd. One equities 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. The stock currently has a consensus rating of “Buy” and an average price target of $97.19.
In related news, VP Richard B. Vilsoet sold 10,000 shares of the stock in a transaction that occurred on Friday, January 13th. The shares were sold at an average price of $80.00, for a total transaction of $800,000.00. Following the completion of the sale, the vice president now owns 54,392 shares of the company’s stock, valued at $4,351,360. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Rebecca Brightly Roach sold 470 shares of the stock in a transaction that occurred on Thursday, December 15th. The shares were sold at an average price of $79.95, for a total transaction of $37,576.50. Following the sale, the vice president now directly owns 9,330 shares of the company’s stock, valued at approximately $745,933.50. The disclosure for this sale can be found here. Insiders have sold 20,470 shares of company stock valued at $1,624,377 in the last three months. 5.20% of the stock is currently owned by corporate insiders.
About Dycom Industries
Dycom Industries, Inc is a provider of specialty contracting services throughout the United States and in Canada. The Company, through its subsidiaries, provides program management, engineering, construction, maintenance and installation services for telecommunications providers, underground facility locating services for various utilities, including telecommunications providers, and other construction and maintenance services for electric and gas utilities.
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