Insider Selling: Dycom Industries, Inc. (NYSE:DY) Director Sells $74,437.30 in Stock

Dycom Industries, Inc. (NYSE:DY) Director Jennifer M. Fritzsche sold 430 shares of Dycom Industries 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 completion of the sale, the director now owns 8,873 shares of the company’s stock, valued at approximately $1,536,005.03. This trade represents a 4.62 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Dycom Industries Trading Up 2.6 %

Shares of NYSE DY opened at $173.76 on Friday. Dycom Industries, Inc. has a 12-month low of $107.53 and a 12-month high of $207.20. The company has a current ratio of 3.12, a quick ratio of 2.93 and a debt-to-equity ratio of 0.89. The stock’s 50 day simple moving average is $185.18 and its 200 day simple moving average is $181.73. The company has a market cap 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.

Analyst Ratings Changes

DY has been the subject of several recent analyst reports. DA Davidson reissued a “buy” rating and set a $210.00 price objective on shares of Dycom Industries in a report on Tuesday, November 19th. KeyCorp lifted their price target on Dycom Industries from $200.00 to $227.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Finally, Wells Fargo & Company upped their price objective on 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 assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Dycom Industries has an average rating of “Buy” and a consensus target price of $206.13.

Hedge Funds Weigh In On Dycom Industries

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

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.