Impax Asset Management Group plc Has $7.49 Million Stake in Dycom Industries, Inc. (NYSE:DY)

Impax Asset Management Group plc lifted its holdings in shares of Dycom Industries, Inc. (NYSE:DY) by 100.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,000 shares of the construction company’s stock after buying an additional 21,500 shares during the quarter. Impax Asset Management Group plc owned about 0.15% of Dycom Industries worth $7,485,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Accent Capital Management LLC acquired a new stake in shares of Dycom Industries during the 3rd quarter worth approximately $25,000. Legacy Investment Solutions LLC acquired a new position in Dycom Industries during the third quarter valued at approximately $28,000. SOA Wealth Advisors LLC. acquired a new position in Dycom Industries during the third quarter valued at approximately $39,000. Westside Investment Management Inc. acquired a new position in Dycom Industries during the third quarter valued at approximately $41,000. Finally, Anchor Investment Management LLC grew its holdings in Dycom Industries by 37.6% during the third quarter. Anchor Investment Management LLC now owns 267 shares of the construction company’s stock valued at $53,000 after purchasing an additional 73 shares during the period. Institutional investors and hedge funds own 98.33% of the company’s stock.

Insider Buying and Selling at Dycom Industries

In related news, Director Jennifer M. Fritzsche sold 430 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $173.11, for a total transaction of $74,437.30. Following the transaction, the director now directly owns 8,873 shares in the company, valued at approximately $1,536,005.03. The trade was a 4.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Peter T. Pruitt, Jr. sold 2,900 shares of the business’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $175.08, for a total transaction of $507,732.00. Following the transaction, the director now owns 14,533 shares in the company, valued at approximately $2,544,437.64. The trade was a 16.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 4.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on DY. DA Davidson restated a “buy” rating and set a $210.00 price objective on shares of Dycom Industries in a report on Tuesday, November 19th. Wells Fargo & Company boosted their price objective on shares of Dycom Industries from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Raymond James boosted their price objective on shares of Dycom Industries from $210.00 to $215.00 and gave the company a “strong-buy” rating in a report on Tuesday, February 4th. Finally, KeyCorp boosted their price objective on shares of Dycom Industries from $227.00 to $229.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. One 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $208.88.

Dycom Industries Stock Performance

Shares of DY opened at $168.38 on Tuesday. 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, Inc. has a twelve month low of $118.00 and a twelve month high of $207.20. The firm’s 50 day moving average price is $182.08 and its two-hundred day moving average price is $184.47. The firm has a market cap of $4.91 billion, a P/E ratio of 22.16, a PEG ratio of 1.29 and a beta of 1.42.

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.