Impax Asset Management Group plc Sells 12,500 Shares of Dycom Industries, Inc. (NYSE:DY)

Impax Asset Management Group plc decreased its holdings in shares of Dycom Industries, Inc. (NYSE:DY) by 36.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,500 shares of the construction company’s stock after selling 12,500 shares during the period. Impax Asset Management Group plc’s holdings in Dycom Industries were worth $4,238,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Annapolis Financial Services LLC bought a new position in shares of Dycom Industries in the 3rd quarter worth about $29,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Dycom Industries during the first quarter valued at approximately $28,000. Anchor Investment Management LLC boosted its position in shares of Dycom Industries by 50.4% in the 2nd quarter. Anchor Investment Management LLC now owns 194 shares of the construction company’s stock worth $33,000 after purchasing an additional 65 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Dycom Industries by 107.8% in the 2nd quarter. GAMMA Investing LLC now owns 293 shares of the construction company’s stock worth $49,000 after buying an additional 152 shares during the last quarter. Finally, Signaturefd LLC increased its position in Dycom Industries by 196.7% during the 2nd quarter. Signaturefd LLC now owns 359 shares of the construction company’s stock valued at $61,000 after buying an additional 238 shares in the last quarter. Institutional investors own 98.33% of the company’s stock.

Dycom Industries Trading Up 1.6 %

NYSE:DY opened at $187.59 on Friday. The company has a current ratio of 3.44, a quick ratio of 3.25 and a debt-to-equity ratio of 0.81. Dycom Industries, Inc. has a 12 month low of $84.83 and a 12 month high of $207.20. The company has a market cap of $5.46 billion, a PE ratio of 23.30, a price-to-earnings-growth ratio of 1.54 and a beta of 1.44. The company has a 50 day simple moving average of $188.73 and a two-hundred day simple moving average of $177.48.

Dycom Industries (NYSE:DY) last posted its earnings results on Wednesday, August 21st. The construction company reported $2.46 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.20. Dycom Industries had a net margin of 5.37% and a return on equity of 22.28%. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the firm posted $2.03 EPS. The firm’s revenue was up 15.5% on a year-over-year basis. Research analysts forecast that Dycom Industries, Inc. will post 7.96 earnings per share for the current year.

Wall Street Analyst Weigh In

DY has been the subject of several analyst reports. Bank of America raised their price target on Dycom Industries from $198.00 to $204.00 and gave the company a “buy” rating in a report on Friday, August 23rd. B. Riley upped their target price on shares of Dycom Industries from $205.00 to $208.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. StockNews.com lowered shares of Dycom Industries from a “buy” rating to a “hold” rating in a report on Friday, July 26th. KeyCorp boosted their price objective on shares of Dycom Industries from $200.00 to $227.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Finally, Wells Fargo & Company boosted their price objective on shares of Dycom Industries from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Friday. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $205.57.

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.