Thurston Springer Miller Herd & Titak Inc. Raises Stake in Dycom Industries, Inc. (NYSE:DY)

Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Dycom Industries, Inc. (NYSE:DY) by 41.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,528 shares of the construction company’s stock after buying an additional 1,328 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Dycom Industries were worth $788,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Ironwood Investment Management LLC lifted its holdings in Dycom Industries by 0.4% during the second quarter. Ironwood Investment Management LLC now owns 14,625 shares of the construction company’s stock valued at $2,468,000 after purchasing an additional 58 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in shares of Dycom Industries by 25.4% during the 3rd quarter. First Horizon Advisors Inc. now owns 291 shares of the construction company’s stock valued at $57,000 after buying an additional 59 shares in the last quarter. Anchor Investment Management LLC boosted its holdings in Dycom Industries by 50.4% in the 2nd quarter. Anchor Investment Management LLC now owns 194 shares of the construction company’s stock worth $33,000 after buying an additional 65 shares during the period. HighTower Advisors LLC grew its stake in Dycom Industries by 4.5% in the 3rd quarter. HighTower Advisors LLC now owns 1,858 shares of the construction company’s stock valued at $366,000 after buying an additional 80 shares in the last quarter. Finally, Captrust Financial Advisors raised its holdings in Dycom Industries by 4.6% during the 3rd quarter. Captrust Financial Advisors now owns 2,137 shares of the construction company’s stock valued at $421,000 after acquiring an additional 94 shares during the period. 98.33% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Peter T. Pruitt, Jr. sold 2,900 shares of the company’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $175.08, for a total value of $507,732.00. Following the completion of the transaction, the director now directly owns 14,533 shares in the company, valued at approximately $2,544,437.64. This represents a 16.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jennifer M. Fritzsche sold 430 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $173.11, for a total value of $74,437.30. Following the transaction, the director now directly owns 8,873 shares in the company, valued at approximately $1,536,005.03. This represents a 4.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 4.28% of the company’s stock.

Wall Street Analysts Forecast Growth

DY has been the subject of a number of recent analyst reports. KeyCorp lifted their target price on Dycom Industries from $227.00 to $229.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. Wells Fargo & Company raised their price objective on shares of Dycom Industries from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Finally, DA Davidson reaffirmed a “buy” rating and set a $210.00 target price on shares of Dycom Industries in a report on Tuesday, November 19th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $206.38.

Dycom Industries Trading Up 6.0 %

Shares of DY opened at $191.26 on Thursday. Dycom Industries, Inc. has a 1-year low of $109.87 and a 1-year high of $207.20. The company has a market capitalization of $5.58 billion, a P/E ratio of 25.17, a P/E/G ratio of 1.45 and a beta of 1.43. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.12 and a quick ratio of 2.93. The firm’s 50 day simple moving average is $181.59 and its 200 day simple moving average is $182.30.

About Dycom Industries

Dycom Industries, Inc provides specialty contracting services to the telecommunications infrastructure and utility industries in the United States. The company offers engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems; wireless networks in connection with the deployment of macro cell and new small cell sites; and program and project management and inspection personnel.