Vanguard Group Inc. Has $547.84 Million Holdings in Dycom Industries, Inc. (NYSE:DY)

Vanguard Group Inc. grew its position in shares of Dycom Industries, Inc. (NYSE:DY) by 0.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 3,147,424 shares of the construction company’s stock after acquiring an additional 3,721 shares during the period. Vanguard Group Inc. owned 0.11% of Dycom Industries worth $547,841,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. State Street Corp lifted its stake in Dycom Industries by 4.0% in the third quarter. State Street Corp now owns 1,158,585 shares of the construction company’s stock valued at $228,357,000 after acquiring an additional 44,321 shares during the last quarter. FMR LLC lifted its stake in shares of Dycom Industries by 2.4% in the 3rd quarter. FMR LLC now owns 772,666 shares of the construction company’s stock valued at $152,292,000 after purchasing an additional 17,862 shares during the last quarter. Hill City Capital LP boosted its holdings in Dycom Industries by 2.3% in the third quarter. Hill City Capital LP now owns 679,784 shares of the construction company’s stock worth $133,985,000 after purchasing an additional 15,000 shares in the last quarter. Principal Financial Group Inc. increased its position in Dycom Industries by 4.3% during the third quarter. Principal Financial Group Inc. now owns 666,051 shares of the construction company’s stock worth $131,278,000 after buying an additional 27,370 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Dycom Industries by 1.4% during the third quarter. Geode Capital Management LLC now owns 650,883 shares of the construction company’s stock worth $128,315,000 after buying an additional 9,113 shares during the last quarter. Institutional investors own 98.33% of the company’s stock.

Dycom Industries Price Performance

Shares of Dycom Industries stock opened at $152.84 on Tuesday. Dycom Industries, Inc. has a 1-year low of $133.00 and a 1-year high of $207.20. The firm’s 50-day moving average price is $170.35 and its two-hundred day moving average price is $180.07. The company has a current ratio of 3.12, a quick ratio of 2.93 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $4.43 billion, a price-to-earnings ratio of 20.11, a P/E/G ratio of 1.29 and a beta of 1.34.

Dycom Industries announced that its Board of Directors has authorized a share repurchase plan on Wednesday, February 26th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the construction company to buy up to 3.2% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In other Dycom Industries news, Director Peter T. Pruitt, Jr. sold 2,900 shares of the firm’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $175.08, for a total value of $507,732.00. Following the completion of the sale, the director now owns 14,533 shares in the company, valued at approximately $2,544,437.64. This trade represents a 16.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 4.28% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DY. B. Riley decreased their price target on Dycom Industries from $234.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, March 19th. Raymond James boosted their target price on Dycom Industries from $210.00 to $215.00 and gave the stock a “strong-buy” rating in a report on Tuesday, February 4th. Finally, KeyCorp lowered their price target on Dycom Industries from $229.00 to $201.00 and set an “overweight” rating on the stock in a report on Thursday, February 27th. One analyst has rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $204.38.

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.