Peter T. Pruitt, Jr. Sells 2,900 Shares of Dycom Industries, Inc. (NYSE:DY) Stock

Dycom Industries, Inc. (NYSE:DY) Director Peter T. Pruitt, Jr. sold 2,900 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $175.08, for a total value of $507,732.00. Following the completion of the transaction, the director now directly owns 14,533 shares in the company, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink.

Dycom Industries Price Performance

Shares of DY stock opened at $176.54 on Friday. The firm has a market cap of $5.15 billion, a price-to-earnings ratio of 23.23, a PEG ratio of 1.45 and a beta of 1.43. Dycom Industries, Inc. has a 12 month low of $109.87 and a 12 month high of $207.20. The company has a quick ratio of 2.93, a current ratio of 3.12 and a debt-to-equity ratio of 0.89. The stock has a 50-day moving average price of $181.40 and a 200 day moving average price of $181.84.

Analysts Set New Price Targets

Several brokerages have issued reports on DY. DA Davidson reiterated a “buy” rating and issued a $210.00 price objective on shares of Dycom Industries in a research report on Tuesday, November 19th. Wells Fargo & Company upped their price target on shares of Dycom Industries from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Finally, KeyCorp raised their price objective on shares of Dycom Industries from $227.00 to $229.00 and gave the company an “overweight” rating in a research report on Wednesday. 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. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $206.38.

Institutional Investors Weigh In On Dycom Industries

Institutional investors have recently modified their holdings of the business. Stifel Financial Corp boosted its stake in Dycom Industries by 46.5% in the third quarter. Stifel Financial Corp now owns 20,232 shares of the construction company’s stock valued at $3,988,000 after acquiring an additional 6,418 shares during the last quarter. Hsbc Holdings PLC lifted its stake in shares of Dycom Industries by 193.7% in the 2nd quarter. Hsbc Holdings PLC now owns 7,819 shares of the construction company’s stock valued at $1,317,000 after purchasing an additional 5,157 shares during the period. Whalen Wealth Management Inc. bought a new position in shares of Dycom Industries in the 3rd quarter worth $773,000. Creative Planning grew its stake in shares of Dycom Industries by 19.2% during the third quarter. Creative Planning now owns 6,560 shares of the construction company’s stock worth $1,293,000 after purchasing an additional 1,055 shares during the period. Finally, American Century Companies Inc. increased its holdings in Dycom Industries by 32.0% in the second quarter. American Century Companies Inc. now owns 17,547 shares of the construction company’s stock valued at $2,961,000 after purchasing an additional 4,255 shares during the last quarter. Institutional investors and hedge funds own 98.33% of the company’s stock.

Dycom Industries Company 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.