Peregrine Capital Management LLC Has $7.97 Million Position in Dycom Industries, Inc. (DY)

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Peregrine Capital Management LLC reduced its holdings in Dycom Industries, Inc. (NYSE:DY) by 2.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 173,554 shares of the construction company’s stock after selling 3,535 shares during the quarter. Peregrine Capital Management LLC’s holdings in Dycom Industries were worth $7,973,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in Dycom Industries by 2.2% in the third quarter. Vanguard Group Inc. now owns 2,700,090 shares of the construction company’s stock worth $228,428,000 after purchasing an additional 57,686 shares during the period. Vanguard Group Inc raised its holdings in Dycom Industries by 2.2% in the third quarter. Vanguard Group Inc now owns 2,700,090 shares of the construction company’s stock worth $228,428,000 after purchasing an additional 57,686 shares during the period. Dimensional Fund Advisors LP raised its holdings in Dycom Industries by 11.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,021,937 shares of the construction company’s stock worth $55,223,000 after purchasing an additional 106,585 shares during the period. American Century Companies Inc. raised its holdings in Dycom Industries by 13.1% in the fourth quarter. American Century Companies Inc. now owns 517,903 shares of the construction company’s stock worth $27,987,000 after purchasing an additional 59,833 shares during the period. Finally, Emerald Advisers LLC raised its holdings in Dycom Industries by 47.9% in the fourth quarter. Emerald Advisers LLC now owns 342,201 shares of the construction company’s stock worth $18,493,000 after purchasing an additional 110,857 shares during the period. Institutional investors and hedge funds own 94.78% of the company’s stock.

Shares of DY stock opened at $49.01 on Monday. The company has a quick ratio of 3.52, a current ratio of 3.85 and a debt-to-equity ratio of 1.08. Dycom Industries, Inc. has a 12-month low of $41.78 and a 12-month high of $117.40. The firm has a market cap of $1.54 billion, a PE ratio of 17.63, a P/E/G ratio of 2.85 and a beta of 1.44.

Dycom Industries (NYSE:DY) last issued its quarterly earnings data on Wednesday, February 27th. The construction company reported $0.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.07). Dycom Industries had a return on equity of 11.24% and a net margin of 2.01%. The company had revenue of $748.62 million for the quarter, compared to the consensus estimate of $719.25 million. During the same period in the prior year, the company earned $0.12 EPS. The firm’s revenue was up 14.3% on a year-over-year basis. On average, research analysts anticipate that Dycom Industries, Inc. will post 2.55 EPS for the current fiscal year.

DY has been the topic of several analyst reports. Stephens cut their target price on shares of Dycom Industries from $130.00 to $57.00 and set an “overweight” rating on the stock in a report on Monday, March 4th. Craig Hallum cut their target price on shares of Dycom Industries from $75.00 to $51.00 and set a “buy” rating on the stock in a report on Thursday, February 28th. DA Davidson cut their target price on shares of Dycom Industries from $77.00 to $50.00 and set a “neutral” rating on the stock in a report on Thursday, February 28th. Zacks Investment Research upgraded shares of Dycom Industries from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Finally, ValuEngine lowered shares of Dycom Industries from a “sell” rating to a “strong sell” rating in a report on Thursday, February 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $76.80.

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Dycom Industries Profile

Dycom Industries, Inc provides specialty contracting services in the United States. The company offers various specialty contracting services, including program management, engineering, construction, maintenance, and installation services, such as placement and splicing of fiber, copper, and coaxial cables to telecommunications providers.

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Institutional Ownership by Quarter for Dycom Industries (NYSE:DY)

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