Dycom Industries, Inc. (NYSE:DY) Director Patricia Higgins sold 2,604 shares of the company’s stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of $109.08, for a total value of $284,044.32. Following the completion of the transaction, the director now directly owns 30,246 shares of the company’s stock, valued at approximately $3,299,233.68. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Dycom Industries, Inc. (NYSE:DY) traded up $2.70 during mid-day trading on Friday, hitting $112.66. The stock had a trading volume of 446,401 shares, compared to its average volume of 564,022. The firm has a market capitalization of $3,429.43, a PE ratio of 23.77, a price-to-earnings-growth ratio of 1.56 and a beta of 1.39. The company has a current ratio of 3.16, a quick ratio of 2.86 and a debt-to-equity ratio of 1.07. Dycom Industries, Inc. has a 12 month low of $73.95 and a 12 month high of $123.99.
Dycom Industries (NYSE:DY) last issued its quarterly earnings results on Wednesday, February 28th. The construction company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.01. The company had revenue of $655.13 million during the quarter, compared to analysts’ expectations of $655.72 million. Dycom Industries had a return on equity of 18.67% and a net margin of 5.08%. The business’s quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.82 earnings per share. equities analysts forecast that Dycom Industries, Inc. will post 5.72 earnings per share for the current year.
Several hedge funds have recently modified their holdings of DY. Fred Alger Management Inc. acquired a new stake in shares of Dycom Industries in the fourth quarter valued at about $28,076,000. SG Capital Management LLC acquired a new stake in shares of Dycom Industries in the third quarter valued at about $15,925,000. Peregrine Capital Management LLC acquired a new stake in shares of Dycom Industries in the fourth quarter valued at about $18,241,000. Alliancebernstein L.P. increased its stake in shares of Dycom Industries by 15.1% in the fourth quarter. Alliancebernstein L.P. now owns 1,025,193 shares of the construction company’s stock valued at $114,237,000 after buying an additional 134,410 shares during the period. Finally, Meitav Dash Investments Ltd. acquired a new stake in shares of Dycom Industries in the fourth quarter valued at about $13,186,000.
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About Dycom Industries
Dycom Industries, Inc is a provider of specialty contracting services throughout the United States and in Canada. The Company, through its subsidiaries, provides program management, engineering, construction, maintenance and installation services for telecommunications providers, underground facility locating services for various utilities, including telecommunications providers, and other construction and maintenance services for electric and gas utilities.
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