Natixis Advisors LLC Sells 654 Shares of Dycom Industries, Inc. (NYSE:DY)

Natixis Advisors LLC decreased its holdings in Dycom Industries, Inc. (NYSE:DY) by 3.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 21,285 shares of the construction company’s stock after selling 654 shares during the period. Natixis Advisors LLC owned approximately 0.07% of Dycom Industries worth $3,705,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of DY. Victory Capital Management Inc. increased its stake in shares of Dycom Industries by 61.6% in the 3rd quarter. Victory Capital Management Inc. now owns 13,906 shares of the construction company’s stock valued at $2,741,000 after purchasing an additional 5,303 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Dycom Industries in the 3rd quarter valued at $269,000. First Horizon Advisors Inc. increased its stake in shares of Dycom Industries by 25.4% in the 3rd quarter. First Horizon Advisors Inc. now owns 291 shares of the construction company’s stock valued at $57,000 after purchasing an additional 59 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of Dycom Industries in the 3rd quarter valued at $1,516,000. Finally, Foundry Partners LLC boosted its holdings in shares of Dycom Industries by 53.1% during the 3rd quarter. Foundry Partners LLC now owns 2,906 shares of the construction company’s stock valued at $573,000 after acquiring an additional 1,008 shares in the last quarter. Institutional investors own 98.33% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on DY shares. KeyCorp cut their price objective on Dycom Industries from $229.00 to $201.00 and set an “overweight” rating on the stock in a report on Thursday, February 27th. B. Riley cut their price objective on Dycom Industries from $234.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Raymond James raised their price objective 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 investment analyst has rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Dycom Industries has an average rating of “Buy” and a consensus price target of $204.38.

Dycom Industries Stock Down 1.8 %

Shares of DY opened at $156.21 on Friday. The company has a market capitalization of $4.53 billion, a PE ratio of 20.55, a PEG ratio of 1.29 and a beta of 1.34. Dycom Industries, Inc. has a 12 month low of $133.00 and a 12 month high of $207.20. The stock’s 50-day moving average price is $173.88 and its two-hundred day moving average price is $180.91. The company has a current ratio of 3.12, a quick ratio of 2.93 and a debt-to-equity ratio of 0.89.

Dycom Industries declared that its Board of Directors has initiated a share repurchase plan on Wednesday, February 26th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the construction company to purchase up to 3.2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other news, Director Peter T. Pruitt, Jr. sold 2,900 shares of the business’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 transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company 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.