Impax Asset Management Group plc Has $7.49 Million Position in Dycom Industries, Inc. (NYSE:DY)

Impax Asset Management Group plc raised its stake in Dycom Industries, Inc. (NYSE:DY) by 100.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 43,000 shares of the construction company’s stock after buying an additional 21,500 shares during the period. Impax Asset Management Group plc’s holdings in Dycom Industries were worth $7,485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Stifel Financial Corp increased its holdings in shares of Dycom Industries by 46.5% in the third quarter. Stifel Financial Corp now owns 20,232 shares of the construction company’s stock valued at $3,988,000 after purchasing an additional 6,418 shares during the last quarter. Nordea Investment Management AB acquired a new position in shares of Dycom Industries in the fourth quarter valued at about $1,171,000. JPMorgan Chase & Co. grew its stake in shares of Dycom Industries by 65.8% in the third quarter. JPMorgan Chase & Co. now owns 80,320 shares of the construction company’s stock valued at $15,831,000 after acquiring an additional 31,864 shares in the last quarter. Whalen Wealth Management Inc. acquired a new position in shares of Dycom Industries in the third quarter valued at about $773,000. Finally, Advisors Asset Management Inc. grew its stake in shares of Dycom Industries by 19.3% in the third quarter. Advisors Asset Management Inc. now owns 37,911 shares of the construction company’s stock valued at $7,472,000 after acquiring an additional 6,128 shares in the last quarter. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on DY shares. 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. DA Davidson restated a “buy” rating and issued a $210.00 price target on shares of Dycom Industries in a research note on Tuesday, November 19th. Raymond James upped their price target on shares of Dycom Industries from $210.00 to $215.00 and gave the company a “strong-buy” rating in a research note on Tuesday, February 4th. Finally, Wells Fargo & Company upped their price target on shares of Dycom Industries from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Dycom Industries presently has a consensus rating of “Buy” and a consensus price target of $208.88.

Dycom Industries Trading Down 1.8 %

DY opened at $168.38 on Tuesday. Dycom Industries, Inc. has a twelve month low of $118.00 and a twelve month high of $207.20. The company has a 50-day simple moving average of $182.08 and a 200 day simple moving average of $184.47. 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 stock has a market capitalization of $4.91 billion, a price-to-earnings ratio of 22.16, a P/E/G ratio of 1.29 and a beta of 1.42.

Insider Buying and Selling

In other news, Director Peter T. Pruitt, Jr. sold 2,900 shares of the company’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $175.08, for a total transaction of $507,732.00. Following the completion of the transaction, the director now directly owns 14,533 shares in the company, valued at approximately $2,544,437.64. This represents a 16.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jennifer M. Fritzsche sold 430 shares of the company’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $173.11, for a total transaction of $74,437.30. Following the transaction, the director now owns 8,873 shares of the company’s stock, valued at $1,536,005.03. This trade represents a 4.62 % 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.

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.