Campbell Newman Asset Management Inc. Has $2.41 Million Holdings in Dycom Industries, Inc. (NYSE:DY)

Campbell Newman Asset Management Inc. decreased its position in Dycom Industries, Inc. (NYSE:DY) by 0.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,840 shares of the construction company’s stock after selling 80 shares during the quarter. Campbell Newman Asset Management Inc.’s holdings in Dycom Industries were worth $2,409,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. American Century Companies Inc. boosted its stake in shares of Dycom Industries by 32.0% in the second quarter. American Century Companies Inc. now owns 17,547 shares of the construction company’s stock valued at $2,961,000 after buying an additional 4,255 shares during the period. Thoroughbred Financial Services LLC bought a new stake in shares of Dycom Industries during the 2nd quarter valued at approximately $285,000. Renaissance Technologies LLC increased its position in Dycom Industries by 2,543.6% during the 2nd quarter. Renaissance Technologies LLC now owns 103,100 shares of the construction company’s stock worth $17,399,000 after purchasing an additional 99,200 shares in the last quarter. Hsbc Holdings PLC lifted its stake in Dycom Industries by 193.7% in the 2nd quarter. Hsbc Holdings PLC now owns 7,819 shares of the construction company’s stock valued at $1,317,000 after purchasing an additional 5,157 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in Dycom Industries in the second quarter valued at approximately $559,000. Institutional investors own 98.33% of the company’s stock.

Dycom Industries Trading Up 3.8 %

DY traded up $6.85 during trading on Wednesday, hitting $187.27. The company’s stock had a trading volume of 14,427 shares, compared to its average volume of 272,689. The company has a quick ratio of 2.93, a current ratio of 3.12 and a debt-to-equity ratio of 0.89. Dycom Industries, Inc. has a twelve month low of $109.87 and a twelve month high of $207.20. The stock’s fifty day moving average price is $181.35 and its 200-day moving average price is $182.24. The firm has a market capitalization of $5.46 billion, a P/E ratio of 24.64, a PEG ratio of 1.45 and a beta of 1.43.

Analyst Ratings Changes

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

Insiders Place Their Bets

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

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.