Dycom Industries, Inc. (NYSE:DY) Shares Bought by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC raised its holdings in Dycom Industries, Inc. (NYSE:DY) by 26.3% in the 4th quarter, HoldingsChannel reports. The fund owned 341 shares of the construction company’s stock after acquiring an additional 71 shares during the period. EverSource Wealth Advisors LLC’s holdings in Dycom Industries were worth $59,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of DY. Legacy Investment Solutions LLC acquired a new position in Dycom Industries in the 3rd quarter valued at $28,000. SOA Wealth Advisors LLC. acquired a new stake in shares of Dycom Industries during the 3rd quarter worth $39,000. Westside Investment Management Inc. acquired a new stake in shares of Dycom Industries during the 3rd quarter worth $41,000. Anchor Investment Management LLC increased its holdings in shares of Dycom Industries by 37.6% during the 3rd quarter. Anchor Investment Management LLC now owns 267 shares of the construction company’s stock worth $53,000 after buying an additional 73 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in shares of Dycom Industries by 25.4% during the 3rd quarter. First Horizon Advisors Inc. now owns 291 shares of the construction company’s stock worth $57,000 after buying an additional 59 shares during the last quarter. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Dycom Industries Stock Up 1.5 %

Shares of Dycom Industries stock opened at $158.32 on Thursday. The company has a fifty day moving average price of $174.67 and a 200 day moving average price of $181.12. The company has a current ratio of 3.12, a quick ratio of 2.93 and a debt-to-equity ratio of 0.89. Dycom Industries, Inc. has a twelve month low of $133.00 and a twelve month high of $207.20. The stock has a market cap of $4.59 billion, a price-to-earnings ratio of 20.83, a price-to-earnings-growth ratio of 1.29 and a beta of 1.34.

Dycom Industries declared that its board has authorized a share repurchase plan on Wednesday, February 26th that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the construction company to purchase up to 3.2% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

A number of research firms have recently commented on DY. B. Riley dropped their price objective on Dycom Industries from $234.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday. Raymond James upped their price objective on Dycom Industries from $210.00 to $215.00 and gave the stock a “strong-buy” rating in a report on Tuesday, February 4th. Finally, KeyCorp dropped their price objective on Dycom Industries from $229.00 to $201.00 and set an “overweight” rating for the company in a report on Thursday, February 27th. 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.com, the company has an average rating of “Buy” and a consensus target price of $204.38.

Insider Buying and Selling

In other Dycom Industries news, Director Peter T. Pruitt, Jr. sold 2,900 shares of the company’s stock in a transaction dated Friday, January 10th. The shares were 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 directly owns 14,533 shares of the company’s stock, valued at $2,544,437.64. This represents a 16.64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 4.28% of the stock is owned by corporate insiders.

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.