MeadowBrook Investment Advisors LLC Buys 150 Shares of Dycom Industries, Inc. (NYSE:DY)

MeadowBrook Investment Advisors LLC lifted its position in Dycom Industries, Inc. (NYSE:DY) by 8.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,020 shares of the construction company’s stock after acquiring an additional 150 shares during the quarter. MeadowBrook Investment Advisors LLC’s holdings in Dycom Industries were worth $352,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Accent Capital Management LLC purchased a new position in shares of Dycom Industries in the 3rd quarter worth about $25,000. Annapolis Financial Services LLC purchased a new stake in Dycom Industries in the 3rd quarter worth about $29,000. Legacy Investment Solutions LLC bought a new stake in Dycom Industries in the 3rd quarter valued at about $28,000. SOA Wealth Advisors LLC. purchased a new stake in Dycom Industries during the third quarter valued at about $39,000. Finally, Westside Investment Management Inc. bought a new position in Dycom Industries during the third quarter worth about $41,000. 98.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on DY. Wells Fargo & Company raised 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, November 15th. DA Davidson reissued a “buy” rating and issued a $210.00 price target on shares of Dycom Industries in a report on Tuesday, November 19th. Raymond James upped their target price on Dycom Industries from $210.00 to $215.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, February 4th. Finally, KeyCorp boosted their price target on shares of Dycom Industries from $227.00 to $229.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 8th. One research 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. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $208.88.

Dycom Industries Stock Performance

Shares of DY opened at $195.07 on Wednesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.12 and a quick ratio of 2.93. Dycom Industries, Inc. has a one year low of $112.17 and a one year high of $207.20. The firm has a market capitalization of $5.69 billion, a PE ratio of 25.67, a price-to-earnings-growth ratio of 1.51 and a beta of 1.42. The company has a 50-day simple moving average of $183.44 and a two-hundred day simple moving average of $184.49.

Insider Buying and Selling at Dycom Industries

In other Dycom Industries news, Director Peter T. Pruitt, Jr. sold 2,900 shares of Dycom Industries stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $175.08, for a total transaction of $507,732.00. Following the transaction, the director now owns 14,533 shares of the company’s stock, valued at $2,544,437.64. The trade was a 16.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jennifer M. Fritzsche sold 430 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $173.11, for a total transaction of $74,437.30. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. 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.