Williamson Legacy Group LLC Purchases 196 Shares of Dycom Industries, Inc. (NYSE:DY)

Williamson Legacy Group LLC increased its position in Dycom Industries, Inc. (NYSE:DY) by 4.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 4,463 shares of the construction company’s stock after acquiring an additional 196 shares during the quarter. Williamson Legacy Group LLC’s holdings in Dycom Industries were worth $777,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Accent Capital Management LLC bought a new stake in shares of Dycom Industries in the third quarter worth $25,000. Legacy Investment Solutions LLC bought a new stake in shares of Dycom Industries in the third quarter worth $28,000. SOA Wealth Advisors LLC. bought a new stake in shares of Dycom Industries in the third quarter worth $39,000. Westside Investment Management Inc. bought a new stake in shares of Dycom Industries in the third quarter worth $41,000. Finally, Anchor Investment Management LLC grew its holdings in shares of Dycom Industries by 37.6% in the third quarter. Anchor Investment Management LLC now owns 267 shares of the construction company’s stock worth $53,000 after acquiring an additional 73 shares during the period. Institutional investors own 98.33% of the company’s stock.

Dycom Industries Stock Performance

NYSE DY opened at $163.89 on Friday. The firm has a market cap of $4.78 billion, a price-to-earnings ratio of 21.56, a price-to-earnings-growth ratio of 1.29 and a beta of 1.42. The company has a quick ratio of 2.93, a current ratio of 3.12 and a debt-to-equity ratio of 0.89. The business has a 50-day moving average price of $181.69 and a 200-day moving average price of $184.07. Dycom Industries, Inc. has a twelve month low of $123.90 and a twelve month high of $207.20.

Dycom Industries announced that its board has approved a share repurchase program on Wednesday, February 26th that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the construction company to repurchase up to 3.2% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several analysts recently commented on DY shares. DA Davidson reaffirmed a “buy” rating and issued a $210.00 price objective on shares of Dycom Industries in a report on Tuesday, November 19th. Wells Fargo & Company boosted their price target on Dycom Industries from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Friday, November 15th. KeyCorp cut their price target on Dycom Industries from $229.00 to $201.00 and set an “overweight” rating for the company in a report on Thursday. Finally, Raymond James boosted their price target on Dycom Industries from $210.00 to $215.00 and gave the company a “strong-buy” rating in a report on Tuesday, February 4th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $205.38.

Insider Transactions at Dycom Industries

In other news, Director Peter T. Pruitt, Jr. sold 2,900 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 14,533 shares of the company’s stock, valued at $2,544,437.64. This represents a 16.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jennifer M. Fritzsche sold 430 shares of the company’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 transaction, the director now directly 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 disclosure for this sale can be found here. Corporate insiders own 4.28% of the company’s stock.

Dycom Industries 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.