International Assets Investment Management LLC Invests $6.62 Million in Dycom Industries, Inc. (NYSE:DY)

International Assets Investment Management LLC bought a new stake in shares of Dycom Industries, Inc. (NYSE:DY) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 57,545 shares of the construction company’s stock, valued at approximately $6,623,000. International Assets Investment Management LLC owned approximately 0.20% of Dycom Industries as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of the company. Wakefield Asset Management LLLP raised its stake in Dycom Industries by 11.1% during the 4th quarter. Wakefield Asset Management LLLP now owns 8,316 shares of the construction company’s stock valued at $957,000 after purchasing an additional 833 shares during the period. Callahan Advisors LLC raised its stake in Dycom Industries by 57.6% during the 4th quarter. Callahan Advisors LLC now owns 22,657 shares of the construction company’s stock valued at $2,608,000 after purchasing an additional 8,277 shares during the period. Cubic Asset Management LLC raised its stake in Dycom Industries by 171.6% during the 4th quarter. Cubic Asset Management LLC now owns 11,882 shares of the construction company’s stock valued at $1,367,000 after purchasing an additional 7,507 shares during the period. Fulton Bank N.A. raised its stake in Dycom Industries by 9.3% during the 4th quarter. Fulton Bank N.A. now owns 5,146 shares of the construction company’s stock valued at $592,000 after purchasing an additional 438 shares during the period. Finally, Raymond James Financial Services Advisors Inc. raised its stake in Dycom Industries by 44.1% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 4,373 shares of the construction company’s stock valued at $503,000 after purchasing an additional 1,339 shares during the period. Institutional investors own 98.33% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on DY shares. B. Riley raised Dycom Industries from a “neutral” rating to a “buy” rating and lifted their target price for the company from $101.00 to $172.00 in a research note on Friday, March 8th. KeyCorp raised their price target on Dycom Industries from $136.00 to $149.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $135.50.

Insider Buying and Selling

In other news, VP Jason T. Lawson sold 220 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $140.27, for a total value of $30,859.40. Following the completion of the transaction, the vice president now directly owns 7,793 shares in the company, valued at $1,093,124.11. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 4.28% of the stock is owned by company insiders.

Dycom Industries Trading Up 1.3 %

DY opened at $147.33 on Wednesday. The firm has a market cap of $4.29 billion, a price-to-earnings ratio of 19.99, a PEG ratio of 1.88 and a beta of 1.37. The company has a current ratio of 3.06, a quick ratio of 2.85 and a debt-to-equity ratio of 0.75. Dycom Industries, Inc. has a 12 month low of $78.42 and a 12 month high of $148.87. The stock has a fifty day moving average price of $139.15 and a 200-day moving average price of $117.62.

Dycom Industries (NYSE:DY) last released its quarterly earnings results on Wednesday, February 28th. The construction company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.15). Dycom Industries had a return on equity of 22.06% and a net margin of 5.24%. The company had revenue of $952.50 million during the quarter, compared to the consensus estimate of $968.87 million. During the same period in the previous year, the firm posted $0.83 earnings per share. The company’s revenue was up 3.8% on a year-over-year basis. As a group, equities research analysts anticipate that Dycom Industries, Inc. will post 7.14 earnings per share for the current fiscal year.

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.