Nisa Investment Advisors LLC Sells 67 Shares of Dycom Industries, Inc. (NYSE:DY)

Nisa Investment Advisors LLC cut its holdings in shares of Dycom Industries, Inc. (NYSE:DY) by 6.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 953 shares of the construction company’s stock after selling 67 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Dycom Industries were worth $188,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. HWG Holdings LP purchased a new stake in shares of Dycom Industries during the third quarter worth $3,198,000. International Assets Investment Management LLC bought a new stake in shares of Dycom Industries during the 3rd quarter valued at $19,424,000. Alexander Labrunerie & CO. Inc. purchased a new stake in Dycom Industries during the 3rd quarter worth about $206,000. FLC Capital Advisors bought a new position in Dycom Industries in the 3rd quarter worth about $224,000. Finally, Annapolis Financial Services LLC purchased a new position in Dycom Industries during the 3rd quarter valued at about $29,000. Institutional investors own 98.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DY. Wells Fargo & Company increased their price target on shares of Dycom Industries from $185.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. B. Riley increased their target price on shares of Dycom Industries from $205.00 to $208.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Bank of America boosted their price target on shares of Dycom Industries from $198.00 to $204.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. StockNews.com downgraded Dycom Industries from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Finally, KeyCorp boosted their target price on Dycom Industries from $200.00 to $227.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $203.43.

Dycom Industries Stock Down 2.7 %

DY opened at $179.37 on Thursday. The business’s fifty day simple moving average is $186.75 and its 200 day simple moving average is $175.48. Dycom Industries, Inc. has a 52 week low of $80.65 and a 52 week high of $207.20. The company has a quick ratio of 3.25, a current ratio of 3.44 and a debt-to-equity ratio of 0.81. The stock has a market cap of $5.22 billion, a PE ratio of 22.28, a P/E/G ratio of 1.44 and a beta of 1.44.

Dycom Industries (NYSE:DY) last posted its quarterly earnings data on Wednesday, August 21st. The construction company reported $2.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.20. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Dycom Industries had a return on equity of 22.28% and a net margin of 5.37%. The company’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same period in the prior year, the business earned $2.03 EPS. As a group, research analysts expect that Dycom Industries, Inc. will post 8.02 earnings per share for the current fiscal year.

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.