Callahan Advisors LLC Has $5.47 Million Stake in Dycom Industries, Inc. (NYSE:DY)

Callahan Advisors LLC lifted its position in shares of Dycom Industries, Inc. (NYSE:DY) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,448 shares of the construction company’s stock after acquiring an additional 316 shares during the quarter. Callahan Advisors LLC’s holdings in Dycom Industries were worth $5,474,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of DY. Hennessy Advisors Inc. acquired a new stake in shares of Dycom Industries during the 4th quarter valued at $50,234,000. International Assets Investment Management LLC acquired a new position in Dycom Industries during the 3rd quarter worth about $19,424,000. Eagle Asset Management Inc. acquired a new position in Dycom Industries during the 3rd quarter worth about $13,144,000. ARS Investment Partners LLC acquired a new position in Dycom Industries during the 4th quarter worth about $11,935,000. Finally, Point72 Asset Management L.P. acquired a new position in Dycom Industries during the 3rd quarter worth about $12,223,000. Institutional investors and hedge funds own 98.33% of the company’s stock.

Insider Activity

In related news, Director Jennifer M. Fritzsche sold 430 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $173.11, for a total value of $74,437.30. Following the completion of the sale, the director now directly owns 8,873 shares of the company’s stock, valued at $1,536,005.03. The trade was a 4.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Peter T. Pruitt, Jr. sold 2,900 shares of the business’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 sale, the director now directly owns 14,533 shares of the company’s stock, valued at $2,544,437.64. The trade was a 16.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.28% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. DA Davidson reaffirmed a “buy” rating and set a $210.00 target price on shares of Dycom Industries in a report on Tuesday, November 19th. Raymond James lifted 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, February 4th. KeyCorp lifted their target price on Dycom Industries from $227.00 to $229.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th. Finally, Wells Fargo & Company lifted 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. One 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $208.88.

Dycom Industries Stock Down 4.1 %

Shares of NYSE:DY opened at $177.89 on Tuesday. The company has a market capitalization of $5.19 billion, a price-to-earnings ratio of 23.41, a P/E/G ratio of 1.51 and a beta of 1.42. 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 business’s 50-day moving average is $182.74 and its 200-day moving average is $184.54. Dycom Industries, Inc. has a 1 year low of $112.50 and a 1 year high of $207.20.

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.