Ameritas Investment Partners Inc. Has $411,000 Stock Position in Dycom Industries, Inc. (NYSE:DY)

Ameritas Investment Partners Inc. trimmed its holdings in shares of Dycom Industries, Inc. (NYSE:DY) by 3.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,861 shares of the construction company’s stock after selling 108 shares during the period. Ameritas Investment Partners Inc.’s holdings in Dycom Industries were worth $411,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of DY. Raymond James & Associates raised its stake in shares of Dycom Industries by 7.6% in the 4th quarter. Raymond James & Associates now owns 2,759 shares of the construction company’s stock valued at $318,000 after acquiring an additional 194 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of Dycom Industries by 44.1% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 4,373 shares of the construction company’s stock valued at $503,000 after acquiring an additional 1,339 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of Dycom Industries in the 4th quarter valued at approximately $6,623,000. Fulton Bank N.A. raised its stake in shares of Dycom Industries by 9.3% in the 4th quarter. Fulton Bank N.A. now owns 5,146 shares of the construction company’s stock valued at $592,000 after acquiring an additional 438 shares in the last quarter. Finally, Cubic Asset Management LLC raised its stake in shares of Dycom Industries by 171.6% in the 4th quarter. Cubic Asset Management LLC now owns 11,882 shares of the construction company’s stock valued at $1,367,000 after acquiring an additional 7,507 shares in the last quarter. 98.33% of the stock is owned by institutional investors and hedge funds.

Dycom Industries Price Performance

DY traded down $6.38 during trading on Wednesday, hitting $174.26. The company’s stock had a trading volume of 149,379 shares, compared to its average volume of 256,746. The stock has a market capitalization of $5.07 billion, a price-to-earnings ratio of 22.75, a price-to-earnings-growth ratio of 1.92 and a beta of 1.45. Dycom Industries, Inc. has a 12 month low of $78.42 and a 12 month high of $186.47. The company has a quick ratio of 2.97, a current ratio of 3.17 and a debt-to-equity ratio of 0.78. The firm’s 50 day moving average price is $172.35 and its two-hundred day moving average price is $144.99.

Dycom Industries (NYSE:DY) last released its earnings results on Wednesday, May 22nd. The construction company reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.73. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.09 billion. Dycom Industries had a return on equity of 22.15% and a net margin of 5.38%. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.73 earnings per share. Sell-side analysts forecast that Dycom Industries, Inc. will post 8.02 earnings per share for the current fiscal year.

Insider Transactions at Dycom Industries

In other news, VP Jason T. Lawson sold 856 shares of the business’s stock in a transaction 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 owns 6,937 shares in the company, valued at $1,210,367.76. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 4.28% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. B. Riley raised their target price on Dycom Industries from $172.00 to $205.00 and gave the company a “buy” rating in a report on Friday, May 31st. UBS Group raised their target price on Dycom Industries from $175.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Bank of America raised their target price on Dycom Industries from $160.00 to $198.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Raymond James raised 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. Finally, Wells Fargo & Company raised their target price on Dycom Industries from $185.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $195.29.

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.