First Bank & Trust Sells 78 Shares of Dycom Industries, Inc. (NYSE:DY)

First Bank & Trust decreased its position in shares of Dycom Industries, Inc. (NYSE:DY) by 3.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,909 shares of the construction company’s stock after selling 78 shares during the quarter. First Bank & Trust’s holdings in Dycom Industries were worth $332,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB boosted its holdings in Dycom Industries by 11.1% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 561 shares of the construction company’s stock worth $98,000 after acquiring an additional 56 shares in the last quarter. First Horizon Advisors Inc. boosted its holdings in Dycom Industries by 25.4% in the third quarter. First Horizon Advisors Inc. now owns 291 shares of the construction company’s stock worth $57,000 after acquiring an additional 59 shares in the last quarter. Anchor Investment Management LLC boosted its holdings in Dycom Industries by 37.6% in the third quarter. Anchor Investment Management LLC now owns 267 shares of the construction company’s stock worth $53,000 after acquiring an additional 73 shares in the last quarter. HighTower Advisors LLC boosted its holdings in Dycom Industries by 4.5% in the third quarter. HighTower Advisors LLC now owns 1,858 shares of the construction company’s stock worth $366,000 after acquiring an additional 80 shares in the last quarter. Finally, Captrust Financial Advisors boosted its holdings in Dycom Industries by 4.6% in the third quarter. Captrust Financial Advisors now owns 2,137 shares of the construction company’s stock worth $421,000 after acquiring an additional 94 shares in the last quarter. Institutional investors own 98.33% of the company’s stock.

Dycom Industries Trading Down 4.7 %

Shares of NYSE:DY opened at $171.35 on Friday. Dycom Industries, Inc. has a 52-week low of $114.58 and a 52-week high of $207.20. The stock has a market cap of $5.00 billion, a price-to-earnings ratio of 22.55, a PEG ratio of 1.31 and a beta of 1.42. 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 business has a 50-day moving average price of $182.47 and a 200-day moving average price of $184.44.

Analyst Ratings Changes

DY has been the subject of several recent analyst reports. Wells Fargo & Company raised their price target on Dycom Industries from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Raymond James raised their price target on Dycom Industries from $210.00 to $215.00 and gave the stock a “strong-buy” rating in a report on Tuesday, February 4th. KeyCorp raised their price target on Dycom Industries from $227.00 to $229.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th. Finally, 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. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $208.88.

Insider Transactions at Dycom Industries

In related news, Director Peter T. Pruitt, Jr. sold 2,900 shares of Dycom Industries stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $175.08, for a total transaction of $507,732.00. Following the completion of the transaction, the director now directly owns 14,533 shares in the company, valued at approximately $2,544,437.64. This trade represents a 16.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jennifer M. Fritzsche sold 430 shares of Dycom Industries stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $173.11, for a total value of $74,437.30. Following the transaction, the director now owns 8,873 shares of the company’s stock, valued at approximately $1,536,005.03. This 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.