Insider Selling: Dycom Industries, Inc. (NYSE:DY) Director Sells 430 Shares of Stock

Dycom Industries, Inc. (NYSE:DY) Director Jennifer M. Fritzsche sold 430 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $173.11, for a total transaction of $74,437.30. Following the completion of 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Dycom Industries Trading Up 2.6 %

NYSE:DY opened at $173.76 on Friday. The stock has a fifty day simple moving average of $185.18 and a 200 day simple moving average of $181.73. The firm has a market capitalization of $5.07 billion, a price-to-earnings ratio of 22.86, a price-to-earnings-growth ratio of 1.45 and a beta of 1.41. Dycom Industries, Inc. has a 1-year low of $107.53 and a 1-year high of $207.20. The company has a quick ratio of 2.93, a current ratio of 3.12 and a debt-to-equity ratio of 0.89.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. DA Davidson reiterated a “buy” rating and set a $210.00 price target on shares of Dycom Industries in a research report on Tuesday, November 19th. KeyCorp lifted their target price on Dycom Industries from $200.00 to $227.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Finally, Wells Fargo & Company boosted their price target on shares of Dycom Industries from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. One investment 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 company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $206.13.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Ironwood Investment Management LLC lifted its position in shares of Dycom Industries by 0.4% in the 2nd quarter. Ironwood Investment Management LLC now owns 14,625 shares of the construction company’s stock valued at $2,468,000 after acquiring an additional 58 shares in the last quarter. First Horizon Advisors Inc. raised its stake in Dycom Industries by 25.4% during the 3rd quarter. First Horizon Advisors Inc. now owns 291 shares of the construction company’s stock valued at $57,000 after purchasing an additional 59 shares during the period. Anchor Investment Management LLC lifted its holdings in shares of Dycom Industries by 50.4% in the second quarter. Anchor Investment Management LLC now owns 194 shares of the construction company’s stock valued at $33,000 after purchasing an additional 65 shares in the last quarter. HighTower Advisors LLC boosted its position in shares of Dycom Industries by 4.5% in the third quarter. HighTower Advisors LLC now owns 1,858 shares of the construction company’s stock worth $366,000 after buying an additional 80 shares during the period. Finally, Arizona State Retirement System grew its holdings in shares of Dycom Industries by 1.0% during the second quarter. Arizona State Retirement System now owns 8,145 shares of the construction company’s stock valued at $1,375,000 after buying an additional 82 shares in the last quarter. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Dycom Industries Company 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.