Dycom Industries, Inc. (NYSE:DY) Director Jennifer M. Fritzsche Sells 430 Shares

Dycom Industries, Inc. (NYSE:DY) Director Jennifer M. Fritzsche sold 430 shares of the firm’s stock in a transaction on Wednesday, December 18th. The shares were 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Dycom Industries Trading Up 0.7 %

NYSE:DY traded up $1.10 during mid-day trading on Thursday, reaching $169.40. The company’s stock had a trading volume of 437,038 shares, compared to its average volume of 313,590. 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 stock has a market cap of $4.94 billion, a P/E ratio of 22.29, a P/E/G ratio of 1.45 and a beta of 1.41. The company’s fifty day simple moving average is $185.82 and its two-hundred day simple moving average is $181.81. Dycom Industries, Inc. has a twelve month low of $107.53 and a twelve month high of $207.20.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Renaissance Technologies LLC raised its position in shares of Dycom Industries by 2,543.6% in the 2nd quarter. Renaissance Technologies LLC now owns 103,100 shares of the construction company’s stock worth $17,399,000 after buying an additional 99,200 shares during the period. International Assets Investment Management LLC acquired a new stake in Dycom Industries during the third quarter worth about $19,424,000. Millennium Management LLC raised its holdings in shares of Dycom Industries by 6.3% in the 2nd quarter. Millennium Management LLC now owns 1,631,453 shares of the construction company’s stock worth $275,324,000 after purchasing an additional 96,846 shares during the period. Eagle Asset Management Inc. acquired a new position in shares of Dycom Industries in the 3rd quarter valued at about $13,144,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of Dycom Industries in the 3rd quarter valued at about $12,223,000. 98.33% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on DY. Wells Fargo & Company upped their target price on Dycom Industries from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. B. Riley upped their price objective on Dycom Industries from $205.00 to $208.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. KeyCorp lifted their price objective on Dycom Industries from $200.00 to $227.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. DA Davidson restated a “buy” rating and issued a $210.00 target price on shares of Dycom Industries in a report on Tuesday, November 19th. Finally, Bank of America lifted their price target on shares of Dycom Industries from $198.00 to $204.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $206.13.

About Dycom Industries

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.