Dycom Industries, Inc. (NYSE:DY - Get Free Report) Director Jennifer M. Fritzsche sold 430 shares of the stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $173.11, for a total value of $74,437.30. Following the sale, the director now directly owns 8,873 shares in the company, valued at $1,536,005.03. This trade represents a 4.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Dycom Industries Trading Up 0.7 %
Shares of DY stock opened at $169.40 on Friday. The company has a quick ratio of 2.93, a current ratio of 3.12 and a debt-to-equity ratio of 0.89. The firm has a market cap of $4.94 billion, a P/E ratio of 22.29, a price-to-earnings-growth ratio of 1.45 and a beta of 1.41. The business has a 50-day moving average price of $185.48 and a two-hundred day moving average price of $181.73. Dycom Industries, Inc. has a 12-month low of $107.53 and a 12-month high of $207.20.
Institutional Trading of Dycom Industries
A number of hedge funds have recently bought and sold shares of the company. Accent Capital Management LLC bought a new stake in shares of Dycom Industries in the 3rd quarter worth approximately $25,000. Legacy Investment Solutions LLC purchased a new position in Dycom Industries in the 3rd quarter worth $28,000. Annapolis Financial Services LLC bought a new stake in Dycom Industries in the third quarter worth $29,000. Anchor Investment Management LLC boosted its position 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 buying an additional 65 shares during the period. Finally, SOA Wealth Advisors LLC. purchased a new stake in Dycom Industries during the third quarter valued at about $39,000. Institutional investors own 98.33% of the company's stock.
Analyst Ratings Changes
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A number of equities research analysts have recently issued reports on DY shares. KeyCorp increased their price target on shares of Dycom Industries from $200.00 to $227.00 and gave the stock an "overweight" rating in a report on Tuesday, October 8th. DA Davidson reiterated a "buy" rating and issued a $210.00 target price on shares of Dycom Industries in a research note on Tuesday, November 19th. Wells Fargo & Company boosted their price target 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. B. Riley lifted their price objective on Dycom Industries from $205.00 to $208.00 and gave the company a "buy" rating in a research note on Thursday, August 22nd. Finally, Bank of America upped their target price on Dycom Industries from $198.00 to $204.00 and gave the stock a "buy" rating in a research note on Friday, August 23rd. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $206.13.
View Our Latest Stock Analysis on Dycom Industries
Dycom Industries Company Profile
(
Get Free Report)
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.
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