Janney Montgomery Scott LLC Sells 174 Shares of Dycom Industries, Inc. (NYSE:DY)

Janney Montgomery Scott LLC decreased its holdings in shares of Dycom Industries, Inc. (NYSE:DY) by 7.0% in the fourth quarter, Holdings Channel reports. The firm owned 2,325 shares of the construction company’s stock after selling 174 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Dycom Industries were worth $405,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Hennessy Advisors Inc. bought a new position in shares of Dycom Industries in the 4th quarter valued at about $50,234,000. International Assets Investment Management LLC bought a new stake in Dycom Industries during the third quarter worth about $19,424,000. Eagle Asset Management Inc. acquired a new position in Dycom Industries during the third quarter worth $13,144,000. ARS Investment Partners LLC acquired a new stake in Dycom Industries in the 4th quarter valued at about $11,935,000. Finally, Point72 Asset Management L.P. bought a new position in shares of Dycom Industries in the third quarter valued at about $12,223,000. 98.33% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DY has been the topic of several research reports. KeyCorp upped their price target on shares of Dycom Industries from $227.00 to $229.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. Wells Fargo & Company raised their target price on Dycom Industries from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Raymond James increased their price objective on shares of Dycom Industries from $210.00 to $215.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, February 4th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $210.00 price target on shares of Dycom Industries in a research note on Tuesday, November 19th. 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. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $208.88.

Insider Activity at Dycom Industries

In related news, Director Jennifer M. Fritzsche sold 430 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $173.11, for a total value of $74,437.30. Following the completion of the transaction, the director now directly 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 transaction 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 shares were sold at an average price of $175.08, for a total value of $507,732.00. Following the sale, 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. 4.28% of the stock is currently owned by company insiders.

Dycom Industries Price Performance

DY opened at $200.33 on Tuesday. Dycom Industries, Inc. has a 1 year low of $112.17 and a 1 year high of $207.20. The firm’s fifty day moving average price is $183.36 and its two-hundred day moving average price is $184.37. The company has a market capitalization of $5.85 billion, a price-to-earnings ratio of 26.36, a P/E/G ratio of 1.51 and a beta of 1.42. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.12 and a quick ratio of 2.93.

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.