Aristotle Capital Boston buys $8,879,655 stake in Dycom Industries (DY)

Dycom Industries (DY) : Aristotle Capital Boston scooped up 23,571 additional shares in Dycom Industries during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 103,372 shares of Dycom Industries which is valued at $8,879,655.Dycom Industries makes up approximately 1.69% of Aristotle Capital Boston’s portfolio.

Other Hedge Funds, Including , Cantab Capital Partners Llp sold out all of its stake in DY during the most recent quarter. The investment firm sold 1,180 shares of DY which is valued $101,362. Us Financial Advisors sold out all of its stake in DY during the most recent quarter. The investment firm sold 262 shares of DY which is valued $22,506. Commerce Bank added DY to its portfolio by purchasing 2,249 company shares during the most recent quarter which is valued at $186,195.Oppenheimer Co Inc boosted its stake in DY in the latest quarter, The investment management firm added 340 additional shares and now holds a total of 11,649 shares of Dycom Industries which is valued at $964,421. Dycom Industries makes up approx 0.03% of Oppenheimer Co Inc’s portfolio.Clarivest Asset Management boosted its stake in DY in the latest quarter, The investment management firm added 1,400 additional shares and now holds a total of 10,186 shares of Dycom Industries which is valued at $957,993. Dycom Industries makes up approx 0.03% of Clarivest Asset Management’s portfolio.

Dycom Industries opened for trading at $86.12 and hit $86.68 on the upside on Wednesday, eventually ending the session at $86.51, with a gain of 1.11% or 0.95 points. The heightened volatility saw the trading volume jump to 654,426 shares. Company has a market cap of $2,719 M.

On the company’s financial health, Dycom Industries reported $1.64 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Aug 23, 2016. Analyst had a consensus of $1.56. The company had revenue of $789.16 million for the quarter, compared to analysts expectations of $771.53 million. The company’s revenue was up 36.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 EPS.

Many Wall Street Analysts have commented on Dycom Industries. Company shares were Reiterated by FBR Capital on May 25, 2016 to “Outperform”, Firm has raised the Price Target to $ 115 from a previous price target of $100 .Company shares were Reiterated by Stifel on May 20, 2016 to “Buy”, Firm has raised the Price Target to $ 86 from a previous price target of $80 .

Dycom Industries Inc. is a provider of specialty contracting services throughout the United States and in Canada. The Company through its subsidiaries provides engineering construction maintenance and installation services to telecommunications providers underground facility locating services to various utilities including telecommunications providers and other construction and maintenance services to electric and gas utilities. It offers engineering services which include the design of aerial underground and buried fiber optic copper and coaxial cable systems that extend from the telephone company central office or cable operator headend to the consumer’s home or business. It also provides tower construction lines and antenna installation and foundation and equipment pad construction for wireless carriers as well as equipment installation and material fabrication and site testing services.

Leave a Reply

Dycom Industries - Is it time to Sell?

Top Brokerage Firms are advising their investors on Dycom Industries. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.