Friess Associates Lowers stake in Dycom Industries (DY)

Dycom Industries (DY) : Friess Associates reduced its stake in Dycom Industries by 0.53% during the most recent quarter end. The investment management company now holds a total of 208,375 shares of Dycom Industries which is valued at $18,670,400 after selling 1,115 shares in Dycom Industries , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Dycom Industries makes up approximately 1.87% of Friess Associates’s portfolio.

Other Hedge Funds, Including , Clark Capital Management Group boosted its stake in DY in the latest quarter, The investment management firm added 2,004 additional shares and now holds a total of 13,513 shares of Dycom Industries which is valued at $1,210,765. Dycom Industries makes up approx 0.07% of Clark Capital Management Group’s portfolio.Capital Fund Management S.a. boosted its stake in DY in the latest quarter, The investment management firm added 1,382 additional shares and now holds a total of 18,431 shares of Dycom Industries which is valued at $1,416,975. Dycom Industries makes up approx 0.03% of Capital Fund Management S.a.’s portfolio.Huntington National Bank reduced its stake in DY by selling 391 shares or 94.67% in the most recent quarter. The Hedge Fund company now holds 22 shares of DY which is valued at $1,691.Smith Graham Investment Advisors Lp reduced its stake in DY by selling 7,340 shares or 7.2% in the most recent quarter. The Hedge Fund company now holds 94,587 shares of DY which is valued at $7,865,855. Dycom Industries makes up approx 1.02% of Smith Graham Investment Advisors Lp’s portfolio.

Dycom Industries opened for trading at $91.13 and hit $91.96 on the upside on Monday, eventually ending the session at $91.81, with a gain of 0.33% or 0.3 points. The heightened volatility saw the trading volume jump to 7,36,594 shares. Company has a market cap of $2,885 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.

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.

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