Dycom Industries (DY) : Smith Graham Investment Advisors Lp reduced its stake in Dycom Industries by 7.2% during the most recent quarter end. The investment management company now holds a total of 94,587 shares of Dycom Industries which is valued at $7,865,855 after selling 7,340 shares in Dycom Industries , the firm said in a disclosure report filed with the SEC on Oct 17, 2016.Dycom Industries makes up approximately 1.02% of Smith Graham Investment Advisors Lp’s portfolio.
Other Hedge Funds, Including , Gemmer Asset Management boosted its stake in DY in the latest quarter, The investment management firm added 13 additional shares and now holds a total of 187 shares of Dycom Industries which is valued at $15,551. Dycom Industries makes up approx 0.01% of Gemmer Asset Management’s portfolio.Callahan Advisors boosted its stake in DY in the latest quarter, The investment management firm added 6,920 additional shares and now holds a total of 44,485 shares of Dycom Industries which is valued at $3,699,373. Dycom Industries makes up approx 0.94% of Callahan Advisors’s portfolio.Msi Financial Services Inc reduced its stake in DY by selling 5 shares or 0.69% in the most recent quarter. The Hedge Fund company now holds 715 shares of DY which is valued at $60,889. Simplex Trading added DY to its portfolio by purchasing 2,323 company shares during the most recent quarter which is valued at $193,483. Dycom Industries makes up approx 0.03% of Simplex Trading’s portfolio.Eqis Capital Management boosted its stake in DY in the latest quarter, The investment management firm added 529 additional shares and now holds a total of 14,623 shares of Dycom Industries which is valued at $1,240,030. Dycom Industries makes up approx 0.08% of Eqis Capital Management’s portfolio.
Dycom Industries closed down -2 points or -2.35% at $83.16 with 6,67,869 shares getting traded on Friday. Post opening the session at $85.98, the shares hit an intraday low of $83.16 and an intraday high of $85.98 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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.
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.