Radnor Capital Management LLC Trims Stake in Dycom Industries, Inc. (NYSE:DY)

Radnor Capital Management LLC lessened its holdings in shares of Dycom Industries, Inc. (NYSE:DY) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,310 shares of the construction company’s stock after selling 120 shares during the period. Radnor Capital Management LLC owned about 0.05% of Dycom Industries worth $2,665,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of DY. American Century Companies Inc. lifted its stake in shares of Dycom Industries by 32.0% during the 2nd quarter. American Century Companies Inc. now owns 17,547 shares of the construction company’s stock worth $2,961,000 after acquiring an additional 4,255 shares during the last quarter. Thoroughbred Financial Services LLC purchased a new stake in Dycom Industries in the second quarter worth $285,000. Renaissance Technologies LLC increased its stake in Dycom Industries by 2,543.6% in the second quarter. Renaissance Technologies LLC now owns 103,100 shares of the construction company’s stock worth $17,399,000 after purchasing an additional 99,200 shares during the period. Hsbc Holdings PLC lifted its position in shares of Dycom Industries by 193.7% during the second quarter. Hsbc Holdings PLC now owns 7,819 shares of the construction company’s stock worth $1,317,000 after purchasing an additional 5,157 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in shares of Dycom Industries in the second quarter worth about $559,000. Institutional investors own 98.33% of the company’s stock.

Insider Buying and Selling at Dycom Industries

In related news, Director Peter T. Pruitt, Jr. sold 2,900 shares of the stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $175.08, for a total transaction of $507,732.00. Following the completion of the sale, the director now owns 14,533 shares of the company’s stock, valued at $2,544,437.64. This represents a 16.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jennifer M. Fritzsche sold 430 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $173.11, for a total transaction 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. This trade represents a 4.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 4.28% of the company’s stock.

Dycom Industries Stock Performance

Shares of DY stock opened at $180.69 on Wednesday. The firm has a market cap of $5.27 billion, a price-to-earnings ratio of 23.78, a PEG ratio of 1.45 and a beta of 1.43. Dycom Industries, Inc. has a 52-week low of $109.87 and a 52-week high of $207.20. 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 company’s 50 day moving average is $181.35 and its 200 day moving average is $182.24.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DY. KeyCorp lifted their price objective on shares of Dycom Industries from $227.00 to $229.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. DA Davidson reaffirmed a “buy” rating and set a $210.00 price target on shares of Dycom Industries in a research note on Tuesday, November 19th. Finally, Wells Fargo & Company increased their price objective on Dycom Industries from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Dycom Industries currently has a consensus rating of “Buy” and a consensus target price 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.