2,406 Shares in Dycom Industries, Inc. (NYSE:DY) Purchased by Guidance Capital Inc.

Guidance Capital Inc. bought a new position in shares of Dycom Industries, Inc. (NYSE:DY) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,406 shares of the construction company’s stock, valued at approximately $464,000.

Other institutional investors have also added to or reduced their stakes in the company. Accent Capital Management LLC acquired a new stake in Dycom Industries during the third quarter valued at approximately $25,000. Annapolis Financial Services LLC acquired a new stake in Dycom Industries during the third quarter valued at approximately $29,000. Legacy Investment Solutions LLC acquired a new stake in Dycom Industries during the third quarter valued at approximately $28,000. SOA Wealth Advisors LLC. acquired a new stake in Dycom Industries during the third quarter valued at approximately $39,000. Finally, Westside Investment Management Inc. acquired a new stake in Dycom Industries during the third quarter valued at approximately $41,000. 98.33% of the stock is owned by institutional investors and hedge funds.

Dycom Industries Stock Performance

DY stock opened at $190.96 on Thursday. 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 company has a 50 day moving average price of $182.26 and a 200 day moving average price of $183.84. Dycom Industries, Inc. has a fifty-two week low of $112.17 and a fifty-two week high of $207.20. The stock has a market capitalization of $5.57 billion, a PE ratio of 25.13, a price-to-earnings-growth ratio of 1.61 and a beta of 1.42.

Insider Buying and Selling at Dycom Industries

In related 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 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 represents a 16.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jennifer M. Fritzsche sold 430 shares of the company’s stock in a transaction 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 sale, the director now owns 8,873 shares of the company’s stock, valued at approximately $1,536,005.03. This represents a 4.62 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 4.28% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on DY shares. KeyCorp lifted their price objective on Dycom Industries from $227.00 to $229.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. DA Davidson reaffirmed a “buy” rating and set a $210.00 price objective on shares of Dycom Industries in a report on Tuesday, November 19th. Wells Fargo & Company boosted their target price on Dycom Industries from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Finally, Raymond James boosted their target price on Dycom Industries from $210.00 to $215.00 and gave the stock a “strong-buy” rating in a report on Tuesday. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Dycom Industries has a consensus rating of “Buy” and a consensus target price of $208.88.

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.