Trading Report: Today: Ngam Advisors L.P. Cuts Stake in Dycom Industries Inc. (DY)

Today: Ngam Advisors L.P. Cuts Stake in Dycom Industries Inc. (DY)

Ngam Advisors L.P. decreased its position in Dycom Industries Inc. (NYSE:DY) by 44.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,107 shares of the company’s stock after selling 103,076 shares during the period. Ngam Advisors L.P. owned about 0.41% of Dycom Industries worth $10,558,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Tuttle Tactical Management LLC acquired a new stake in shares of Dycom Industries during the second quarter valued at about $116,000. Financial Architects Inc raised its stake in shares of Dycom Industries by 1,266.3% in the second quarter. Financial Architects Inc now owns 1,339 shares of the company’s stock valued at $120,000 after buying an additional 1,241 shares during the period. Societe Generale acquired a new stake in shares of Dycom Industries during the second quarter valued at about $125,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of Dycom Industries during the second quarter valued at about $193,000. Finally, Commerce Bank acquired a new stake in shares of Dycom Industries during the second quarter valued at about $202,000.

Dycom Industries Inc. (NYSE:DY) traded down 3.3811% on Monday, reaching $73.1019. 431,870 shares of the company’s stock were exchanged. Dycom Industries Inc. has a 52 week low of $47.10 and a 52 week high of $98.45. The stock’s 50 day moving average is $82.61 and its 200 day moving average is $84.92. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 16.0206 and a beta of 1.32.

Dycom Industries (NYSE:DY) last issued its quarterly earnings results on Monday, November 21st. The company reported $1.67 EPS for the quarter, topping the Zacks’ consensus estimate of $1.65 by $0.02. Dycom Industries had a return on equity of 28.63% and a net margin of 5.30%. The company had revenue of $799.20 million for the quarter, compared to analysts’ expectations of $801.34 million. During the same quarter last year, the business earned $1.24 earnings per share. Dycom Industries’s revenue was up 21.2% on a year-over-year basis. On average, equities analysts anticipate that Dycom Industries Inc. will post $5.22 earnings per share for the current year.

Several equities research analysts have recently weighed in on DY shares. Vetr lowered shares of Dycom Industries from a “hold” rating to a “sell” rating and set a $90.92 target price on the stock. in a report on Monday, August 8th. DA Davidson reaffirmed a “buy” rating and issued a $105.00 target price on shares of Dycom Industries in a report on Tuesday, November 22nd. FBR & Co lowered their target price on shares of Dycom Industries from $121.00 to $115.00 and set an “outperform” rating on the stock in a report on Tuesday, November 22nd. Finally, Zacks Investment Research raised shares of Dycom Industries from a “sell” rating to a “hold” rating in a report on Friday, November 18th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Dycom Industries currently has an average rating of “Buy” and a consensus price target of $97.19.

Dycom Industries Company Profile

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