Eagle Boston Investment Management Inc buys $13,852,479 stake in Dycom Industries (DY)

Dycom Industries (DY) : Eagle Boston Investment Management Inc scooped up 3,878 additional shares in Dycom Industries during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 145,601 shares of Dycom Industries which is valued at $13,852,479.Dycom Industries makes up approximately 1.81% of Eagle Boston Investment Management Inc’s portfolio.

Other Hedge Funds, Including , Gray Financial Group Ga Adv Adv reduced its stake in DY by selling 1,037 shares or 16.82% in the most recent quarter. The Hedge Fund company now holds 5,128 shares of DY which is valued at $487,878. Dycom Industries makes up approx 0.19% of Gray Financial Group Ga Adv Adv’s portfolio.Farmers Merchants Investments Inc reduced its stake in DY by selling 12 shares or 16.0% in the most recent quarter. The Hedge Fund company now holds 63 shares of DY which is valued at $5,994.Capstone Asset Management Co boosted its stake in DY in the latest quarter, The investment management firm added 780 additional shares and now holds a total of 12,070 shares of Dycom Industries which is valued at $1,155,703. Dycom Industries makes up approx 0.03% of Capstone Asset Management Co’s portfolio.Beacon Financial Group boosted its stake in DY in the latest quarter, The investment management firm added 1,788 additional shares and now holds a total of 6,895 shares of Dycom Industries which is valued at $660,196. Dycom Industries makes up approx 0.14% of Beacon Financial Group’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in DY in the latest quarter, The investment management firm added 5,155 additional shares and now holds a total of 10,372 shares of Dycom Industries which is valued at $985,133.

Dycom Industries opened for trading at $93.67 and hit $96.05 on the upside on Wednesday, eventually ending the session at $95.14, with a gain of 1.45% or 1.36 points. The heightened volatility saw the trading volume jump to 3,24,898 shares. Company has a market cap of $2,982 M.

On the company’s financial health, Dycom Industries reported $1.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.34 according to the earnings call on May 24, 2016. Analyst had a consensus of $0.74. The company had revenue of $664.60 million for the quarter, compared to analysts expectations of $597.80 million. The company’s revenue was up 35.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 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 .Company shares were Reiterated by Canaccord Genuity on May 11, 2016 to “Buy”, Firm has raised the Price Target to $ 80 from a previous price target of $75 .

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.