KBC Group NV Grows Stock Holdings in Dycom Industries, Inc. (NYSE:DY)

KBC Group NV grew its stake in shares of Dycom Industries, Inc. (NYSE:DY) by 39.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,214 shares of the construction company’s stock after acquiring an additional 342 shares during the period. KBC Group NV’s holdings in Dycom Industries were worth $211,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Accent Capital Management LLC bought a new stake in Dycom Industries during 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 purchased a new stake in Dycom Industries in the third quarter worth about $29,000. SOA Wealth Advisors LLC. bought a new position in Dycom Industries during the 3rd quarter worth about $39,000. Finally, Westside Investment Management Inc. purchased a new position in Dycom Industries during the 3rd quarter valued at about $41,000. Hedge funds and other institutional investors own 98.33% of the company’s stock.

Insider Activity

In other news, 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 transaction, the director now directly owns 8,873 shares of the company’s stock, valued at approximately $1,536,005.03. This represents a 4.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Peter T. Pruitt, Jr. sold 2,900 shares of the firm’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $175.08, for a total value of $507,732.00. Following the completion of the transaction, the director now owns 14,533 shares of the company’s stock, 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. Corporate insiders own 4.28% of the company’s stock.

Dycom Industries Trading Up 0.1 %

Dycom Industries stock opened at $185.70 on Wednesday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.93 and a current ratio of 3.12. The stock has a market cap of $5.42 billion, a PE ratio of 24.43, a price-to-earnings-growth ratio of 1.61 and a beta of 1.42. The stock has a 50-day moving average of $182.05 and a two-hundred day moving average of $183.79. Dycom Industries, Inc. has a one year low of $112.15 and a one year high of $207.20.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DY. Raymond James upped their price target 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. DA Davidson restated a “buy” rating and set a $210.00 target price on shares of Dycom Industries in a report on Tuesday, November 19th. KeyCorp lifted their price target on Dycom Industries from $227.00 to $229.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. Finally, Wells Fargo & Company upped their price objective on Dycom Industries from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $208.88.

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.