Fulton Bank N.A. Has $816,000 Stake in Dycom Industries, Inc. (NYSE:DY)

Fulton Bank N.A. increased its stake in Dycom Industries, Inc. (NYSE:DY) by 12.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 4,687 shares of the construction company’s stock after purchasing an additional 502 shares during the quarter. Fulton Bank N.A.’s holdings in Dycom Industries were worth $816,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Millennium Management LLC lifted its position in shares of Dycom Industries by 6.3% in the second quarter. Millennium Management LLC now owns 1,631,453 shares of the construction company’s stock worth $275,324,000 after purchasing an additional 96,846 shares in the last quarter. State Street Corp lifted its position in Dycom Industries by 4.0% during the 3rd quarter. State Street Corp now owns 1,158,585 shares of the construction company’s stock worth $228,357,000 after buying an additional 44,321 shares in the last quarter. FMR LLC boosted its stake in shares of Dycom Industries by 2.4% during the 3rd quarter. FMR LLC now owns 772,666 shares of the construction company’s stock worth $152,292,000 after buying an additional 17,862 shares during the last quarter. Hill City Capital LP grew its holdings in shares of Dycom Industries by 2.3% in the 3rd quarter. Hill City Capital LP now owns 679,784 shares of the construction company’s stock valued at $133,985,000 after acquiring an additional 15,000 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Dycom Industries by 4.3% in the third quarter. Principal Financial Group Inc. now owns 666,051 shares of the construction company’s stock valued at $131,278,000 after acquiring an additional 27,370 shares during the last quarter. Institutional investors own 98.33% of the company’s stock.

Insider Activity

In other news, Director Jennifer M. Fritzsche sold 430 shares of the business’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $173.11, for a total value of $74,437.30. Following the completion of the sale, the director now owns 8,873 shares of the company’s stock, valued at approximately $1,536,005.03. The trade was a 4.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.28% of the stock is owned by company insiders.

Dycom Industries Stock Up 0.8 %

Shares of DY opened at $178.82 on Friday. The firm has a market cap of $5.22 billion, a P/E ratio of 23.53, a price-to-earnings-growth ratio of 1.45 and a beta of 1.43. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.93 and a current ratio of 3.12. Dycom Industries, Inc. has a 52 week low of $109.72 and a 52 week high of $207.20. The firm’s 50-day simple moving average is $181.31 and its 200 day simple moving average is $181.86.

Analyst Ratings Changes

DY has been the subject of a number of analyst reports. Wells Fargo & Company raised their price target on Dycom Industries from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. KeyCorp boosted their target price on shares of Dycom Industries from $227.00 to $229.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, DA Davidson reiterated a “buy” rating and issued a $210.00 price target on shares of Dycom Industries in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $206.38.

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.