Dycom Industries, Inc. (NYSE:DY) Director Sells $507,732.00 in Stock

Dycom Industries, Inc. (NYSE:DY) Director Peter T. Pruitt, Jr. sold 2,900 shares of the stock in a transaction on 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 sale, the director now owns 14,533 shares in the company, valued at $2,544,437.64. This trade represents a 16.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Dycom Industries Price Performance

Shares of DY stock traded down $2.46 during mid-day trading on Friday, hitting $176.54. The company had a trading volume of 334,199 shares, compared to its average volume of 297,867. The company has a market capitalization of $5.15 billion, a P/E ratio of 23.23, a P/E/G ratio of 1.45 and a beta of 1.43. Dycom Industries, Inc. has a 52-week low of $109.87 and a 52-week high of $207.20. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.12 and a quick ratio of 2.93. The stock’s 50 day moving average price is $181.40 and its 200-day moving average price is $181.84.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DY. DA Davidson reaffirmed a “buy” rating and issued a $210.00 target price on shares of Dycom Industries in a research note on Tuesday, November 19th. KeyCorp increased their price objective on Dycom Industries from $227.00 to $229.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Wells Fargo & Company upped their target price on Dycom Industries from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Friday, November 15th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $206.38.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. TD Asset Management Inc raised its holdings in Dycom Industries by 74.3% in the second quarter. TD Asset Management Inc now owns 17,600 shares of the construction company’s stock worth $2,970,000 after purchasing an additional 7,500 shares in the last quarter. Arizona State Retirement System boosted its position in Dycom Industries by 1.0% during the second quarter. Arizona State Retirement System now owns 8,145 shares of the construction company’s stock worth $1,375,000 after purchasing an additional 82 shares in the last quarter. Acadian Asset Management LLC acquired a new position in shares of Dycom Industries during the 2nd quarter worth about $1,191,000. Choreo LLC purchased a new position in shares of Dycom Industries in the second quarter valued at approximately $652,000. Finally, American Century Companies Inc. grew its holdings in shares of Dycom Industries by 32.0% during the second quarter. American Century Companies Inc. now owns 17,547 shares of the construction company’s stock worth $2,961,000 after buying an additional 4,255 shares in the last quarter. Institutional investors own 98.33% of the company’s stock.

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.