Smith Graham & Co. Investment Advisors LP Cuts Stock Holdings in Dycom Industries, Inc. (NYSE:DY)

Smith Graham & Co. Investment Advisors LP reduced its position in shares of Dycom Industries, Inc. (NYSE:DY) by 0.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 154,350 shares of the construction company’s stock after selling 380 shares during the period. Dycom Industries makes up approximately 1.0% of Smith Graham & Co. Investment Advisors LP’s portfolio, making the stock its 26th largest position. Smith Graham & Co. Investment Advisors LP owned about 0.49% of Dycom Industries worth $9,087,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. First Bank & Trust grew its position in Dycom Industries by 54.7% during the first quarter. First Bank & Trust now owns 12,185 shares of the construction company’s stock worth $560,000 after buying an additional 4,311 shares during the period. Mason Street Advisors LLC grew its position in shares of Dycom Industries by 2.0% in the first quarter. Mason Street Advisors LLC now owns 16,719 shares of the construction company’s stock valued at $768,000 after purchasing an additional 326 shares during the last quarter. Rhumbline Advisers grew its position in shares of Dycom Industries by 0.4% in the first quarter. Rhumbline Advisers now owns 92,933 shares of the construction company’s stock valued at $4,269,000 after purchasing an additional 329 shares during the last quarter. Kennedy Capital Management Inc. grew its position in shares of Dycom Industries by 11.3% in the first quarter. Kennedy Capital Management Inc. now owns 100,451 shares of the construction company’s stock valued at $4,615,000 after purchasing an additional 10,164 shares during the last quarter. Finally, Marshall Wace North America L.P. grew its position in shares of Dycom Industries by 4,502.2% in the first quarter. Marshall Wace North America L.P. now owns 39,441 shares of the construction company’s stock valued at $1,811,000 after purchasing an additional 38,584 shares during the last quarter. 92.54% of the stock is owned by hedge funds and other institutional investors.

Shares of DY traded down $1.78 on Friday, hitting $48.07. 212,435 shares of the stock traded hands, compared to its average volume of 298,990. The company has a quick ratio of 3.14, a current ratio of 3.45 and a debt-to-equity ratio of 1.11. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 17.29, a P/E/G ratio of 2.53 and a beta of 1.31. The firm has a 50 day moving average price of $55.39. Dycom Industries, Inc. has a 1 year low of $41.78 and a 1 year high of $90.30.

Dycom Industries (NYSE:DY) last announced its quarterly earnings data on Tuesday, May 21st. The construction company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.10. The business had revenue of $883.70 million for the quarter, compared to the consensus estimate of $771.90 million. Dycom Industries had a net margin of 1.86% and a return on equity of 10.52%. The company’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.65 earnings per share. On average, sell-side analysts expect that Dycom Industries, Inc. will post 2.57 earnings per share for the current fiscal year.

DY has been the topic of several research reports. Canaccord Genuity lowered their price target on shares of Dycom Industries from $68.00 to $64.00 and set a “buy” rating on the stock in a research report on Wednesday, May 22nd. They noted that the move was a valuation call. Wells Fargo & Co increased their price target on shares of Dycom Industries from $50.00 to $63.00 and gave the company an “outperform” rating in a research report on Wednesday, May 22nd. They noted that the move was a valuation call. Craig Hallum reiterated an “in-line” rating and issued a $65.00 price target (up from $51.00) on shares of Dycom Industries in a research report on Wednesday, May 22nd. Zacks Investment Research upgraded shares of Dycom Industries from a “sell” rating to a “hold” rating in a research report on Friday, May 24th. Finally, ValuEngine lowered shares of Dycom Industries from a “hold” rating to a “sell” rating in a research report on Monday, May 20th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $62.13.

About Dycom Industries

Dycom Industries, Inc provides specialty contracting services in the United States. The company offers various specialty contracting services, including program management, engineering, construction, maintenance, and installation services, such as placement and splicing of fiber, copper, and coaxial cables to telecommunications providers.

Further Reading: What is a Futures Contract?

Want to see what other hedge funds are holding DY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dycom Industries, Inc. (NYSE:DY).

Institutional Ownership by Quarter for Dycom Industries (NYSE:DY)

Receive News & Ratings for Dycom Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dycom Industries and related companies with MarketBeat.com's FREE daily email newsletter.