MeadowBrook Investment Advisors LLC Has $352,000 Stock Position in Dycom Industries, Inc. (NYSE:DY)

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

Several other large investors have also bought and sold shares of the business. Wilmington Savings Fund Society FSB lifted its stake 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 valued at $98,000 after buying an additional 56 shares in the last quarter. First Horizon Advisors Inc. raised its position in Dycom Industries by 25.4% in the 3rd quarter. First Horizon Advisors Inc. now owns 291 shares of the construction company’s stock valued at $57,000 after buying an additional 59 shares during the last quarter. Anchor Investment Management LLC lifted its stake in Dycom Industries by 37.6% in the 3rd quarter. Anchor Investment Management LLC now owns 267 shares of the construction company’s stock valued at $53,000 after acquiring an additional 73 shares in the last quarter. HighTower Advisors LLC boosted its position in Dycom Industries by 4.5% during the 3rd quarter. HighTower Advisors LLC now owns 1,858 shares of the construction company’s stock worth $366,000 after acquiring an additional 80 shares during the last quarter. Finally, Captrust Financial Advisors grew its stake in shares of Dycom Industries by 4.6% during the 3rd 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. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Dycom Industries Stock Performance

NYSE DY opened at $195.07 on Wednesday. The company has a quick ratio of 2.93, a current ratio of 3.12 and a debt-to-equity ratio of 0.89. Dycom Industries, Inc. has a 12-month low of $112.17 and a 12-month high of $207.20. The firm has a 50-day moving average price of $183.44 and a two-hundred day moving average price of $184.49. The company has a market capitalization of $5.69 billion, a P/E ratio of 25.67, a P/E/G ratio of 1.51 and a beta of 1.42.

Analyst Ratings Changes

A number of research analysts recently weighed in on DY shares. DA Davidson reaffirmed a “buy” rating and issued a $210.00 target price on shares of Dycom Industries in a research report on Tuesday, November 19th. KeyCorp upped their target price on Dycom Industries from $227.00 to $229.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th. Raymond James boosted their price target on Dycom Industries from $210.00 to $215.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, February 4th. Finally, Wells Fargo & Company boosted their target price 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. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Dycom Industries has a consensus rating of “Buy” and a consensus price target of $208.88.

Insiders Place Their Bets

In other news, Director Peter T. Pruitt, Jr. sold 2,900 shares of the business’s stock in a transaction 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 owns 14,533 shares of the company’s stock, valued at approximately $2,544,437.64. The trade was a 16.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jennifer M. Fritzsche sold 430 shares of the business’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $173.11, for a total value of $74,437.30. Following the sale, the director now owns 8,873 shares in the company, valued at $1,536,005.03. This represents a 4.62 % decrease in their position. The disclosure for this sale can be found here. Corporate 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.