Mariner Investment Group LLC Has $1.92 Million Stake in Dycom Industries, Inc. (NYSE:DY)

Mariner Investment Group LLC lifted its stake in Dycom Industries, Inc. (NYSE:DY) by 327.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 11,000 shares of the construction company’s stock after purchasing an additional 8,428 shares during the quarter. Dycom Industries comprises about 0.4% of Mariner Investment Group LLC’s holdings, making the stock its 9th biggest position. Mariner Investment Group LLC’s holdings in Dycom Industries were worth $1,915,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. KBC Group NV increased its holdings in Dycom Industries by 39.2% in the 4th quarter. KBC Group NV now owns 1,214 shares of the construction company’s stock worth $211,000 after acquiring an additional 342 shares in the last quarter. Transform Wealth LLC bought a new position in shares of Dycom Industries in the fourth quarter worth approximately $479,000. ARS Investment Partners LLC bought a new position in shares of Dycom Industries in the fourth quarter worth approximately $11,935,000. Hennessy Advisors Inc. bought a new stake in shares of Dycom Industries during the 4th quarter valued at $50,234,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Dycom Industries by 41.5% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,528 shares of the construction company’s stock valued at $788,000 after buying an additional 1,328 shares in the last quarter. 98.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Dycom Industries Trading Up 1.0 %

Shares of DY opened at $193.18 on Monday. The stock has a market capitalization of $5.64 billion, a PE ratio of 25.42, a P/E/G ratio of 1.77 and a beta of 1.43. The company’s fifty day moving average is $182.25 and its 200 day moving average is $183.43. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.93 and a current ratio of 3.12. Dycom Industries, Inc. has a fifty-two week low of $111.19 and a fifty-two week high of $207.20.

Insiders Place Their Bets

In related news, Director Jennifer M. Fritzsche sold 430 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $173.11, for a total transaction of $74,437.30. Following the sale, the director now owns 8,873 shares in the company, valued at approximately $1,536,005.03. This represents a 4.62 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Peter T. Pruitt, Jr. sold 2,900 shares of Dycom Industries 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 directly owns 14,533 shares of the company’s stock, valued at $2,544,437.64. The trade was a 16.64 % 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.

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.