Wilmington Savings Fund Society FSB Purchases Shares of 505 Dycom Industries, Inc. (NYSE:DY)

Wilmington Savings Fund Society FSB acquired a new position in Dycom Industries, Inc. (NYSE:DY) during the third quarter, Holdings Channel reports. The institutional investor acquired 505 shares of the construction company’s stock, valued at approximately $100,000.

Other large investors have also made changes to their positions in the company. Accent Capital Management LLC bought a new stake in Dycom Industries in the 3rd quarter valued at $25,000. Legacy Investment Solutions LLC bought a new stake in shares of Dycom Industries in the third quarter valued at about $28,000. Annapolis Financial Services LLC acquired a new stake in Dycom Industries during the third quarter worth about $29,000. Anchor Investment Management LLC increased its stake in Dycom Industries by 50.4% during the second quarter. Anchor Investment Management LLC now owns 194 shares of the construction company’s stock valued at $33,000 after acquiring an additional 65 shares during the period. Finally, SOA Wealth Advisors LLC. acquired a new position in Dycom Industries in the 3rd quarter valued at approximately $39,000. Institutional investors and hedge funds own 98.33% of the company’s stock.

Insider Transactions at Dycom Industries

In other news, Director Jennifer M. Fritzsche sold 430 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $173.11, for a total value of $74,437.30. Following the transaction, the director now owns 8,873 shares of the company’s stock, valued at approximately $1,536,005.03. This trade represents a 4.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 4.28% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

DY has been the subject of several research reports. DA Davidson reaffirmed a “buy” rating and issued a $210.00 target price on shares of Dycom Industries in a research report on Tuesday, November 19th. Wells Fargo & Company lifted their target price on shares of Dycom Industries from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Bank of America increased their price target on shares of Dycom Industries from $198.00 to $204.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Finally, KeyCorp lifted their price objective on Dycom Industries from $200.00 to $227.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $206.13.

Dycom Industries Stock Performance

Dycom Industries stock opened at $173.76 on Friday. The stock has a 50-day simple moving average of $185.18 and a 200 day simple moving average of $181.69. The stock has a market capitalization of $5.07 billion, a price-to-earnings ratio of 22.86, a P/E/G ratio of 1.45 and a beta of 1.41. The company has a quick ratio of 2.93, a current ratio of 3.12 and a debt-to-equity ratio of 0.89. Dycom Industries, Inc. has a 12-month low of $107.53 and a 12-month high of $207.20.

About Dycom Industries

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.