Interval Partners LP Acquires New Position in Dycom Industries, Inc. (NYSE:DY)

Interval Partners LP bought a new stake in Dycom Industries, Inc. (NYSE:DY) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 36,556 shares of the construction company’s stock, valued at approximately $5,247,000. Interval Partners LP owned about 0.13% of Dycom Industries at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. US Bancorp DE grew its position in shares of Dycom Industries by 109.3% during the fourth quarter. US Bancorp DE now owns 14,623 shares of the construction company’s stock worth $1,683,000 after acquiring an additional 7,638 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in Dycom Industries by 33.1% in the first quarter. BNP Paribas Financial Markets now owns 32,256 shares of the construction company’s stock valued at $4,630,000 after acquiring an additional 8,028 shares during the period. Cubic Asset Management LLC lifted its holdings in Dycom Industries by 171.6% in the fourth 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 during the period. Sheets Smith Wealth Management lifted its holdings in Dycom Industries by 100.0% in the first quarter. Sheets Smith Wealth Management now owns 7,028 shares of the construction company’s stock valued at $1,009,000 after acquiring an additional 3,514 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Dycom Industries by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 3,183,646 shares of the construction company’s stock valued at $366,406,000 after acquiring an additional 42,121 shares during the period. Institutional investors and hedge funds own 98.33% of the company’s stock.

Dycom Industries Stock Performance

DY traded up $4.92 during trading on Wednesday, reaching $184.72. 88,146 shares of the company were exchanged, compared to its average volume of 256,172. The stock has a market cap of $5.37 billion, a P/E ratio of 23.20, a PEG ratio of 1.89 and a beta of 1.45. The firm has a 50 day moving average of $174.97 and a 200 day moving average of $147.21. The company has a current ratio of 3.17, a quick ratio of 2.97 and a debt-to-equity ratio of 0.78. Dycom Industries, Inc. has a 52 week low of $78.42 and a 52 week high of $186.47.

Dycom Industries (NYSE:DY) last issued its quarterly earnings data on Wednesday, May 22nd. The construction company reported $2.12 EPS for the quarter, topping 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 firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the business earned $1.73 EPS. The firm’s revenue was up 9.3% on a year-over-year basis. On average, sell-side analysts forecast that Dycom Industries, Inc. will post 8.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. StockNews.com downgraded Dycom Industries from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Bank of America lifted their price target on Dycom Industries from $160.00 to $198.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. KeyCorp lifted their price target on Dycom Industries from $169.00 to $179.00 and gave the stock an “overweight” rating in a research note on Thursday, May 23rd. B. Riley lifted their price target on Dycom Industries from $172.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, May 31st. Finally, Wells Fargo & Company lifted their price target on Dycom Industries from $185.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 17th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Dycom Industries presently has an average rating of “Buy” and an average price target of $195.29.

Insider Transactions at Dycom Industries

In other news, VP Jason T. Lawson sold 856 shares of the stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $174.48, for a total value of $149,354.88. Following the completion of the transaction, the vice president now owns 6,937 shares of the company’s stock, valued at $1,210,367.76. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 4.28% of the company’s stock.

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.