W.g. Shaheen Associates Dba Whitney Co buys $2,664,231 stake in Dycom Industries (DY)

Dycom Industries (DY) : W.g. Shaheen Associates Dba Whitney Co scooped up 1,240 additional shares in Dycom Industries during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 13, 2016. The investment management firm now holds a total of 31,285 shares of Dycom Industries which is valued at $2,664,231.Dycom Industries makes up approximately 1.08% of W.g. Shaheen Associates Dba Whitney Co’s portfolio.

Other Hedge Funds, Including , 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. Fox Run Management L.l.c. added DY to its portfolio by purchasing 3,000 company shares during the most recent quarter which is valued at $245,730. Dycom Industries makes up approx 0.15% of Fox Run Management L.l.c.’s portfolio.Creative Planning boosted its stake in DY in the latest quarter, The investment management firm added 28 additional shares and now holds a total of 138 shares of Dycom Industries which is valued at $11,304.Eagle Boston Investment Management Inc boosted its stake in DY in the latest quarter, The investment management firm added 1,666 additional shares and now holds a total of 147,267 shares of Dycom Industries which is valued at $12,062,640. Dycom Industries makes up approx 1.57% of Eagle Boston Investment Management Inc’s portfolio.First Mercantile Trust Co reduced its stake in DY by selling 7,332 shares or 69.83% in the most recent quarter. The Hedge Fund company now holds 3,168 shares of DY which is valued at $263,863. Dycom Industries makes up approx 0.04% of First Mercantile Trust Co’s portfolio.

Dycom Industries closed down -1.11 points or -1.34% at $81.91 with 4,61,412 shares getting traded on Tuesday. Post opening the session at $82.43, the shares hit an intraday low of $80.568 and an intraday high of $82.48 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.

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