BlackRock Amends Dycom Industries Stake (19th Amendment)
Ticker: DY · Form: SC 13G/A · Filed: Jan 22, 2024 · CIK: 67215
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock just updated its Dycom Industries stake, watch for any big changes!**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 22, 2024, indicating a change in their ownership of Dycom Industries Inc. Common Stock as of December 31, 2023. This filing, Amendment No. 19, updates their previous disclosures regarding their passive investment in the construction company. This matters to investors because BlackRock is a major institutional investor, and changes in their holdings can signal shifts in their confidence or investment strategy regarding Dycom Industries Inc.
Why It Matters
This filing shows BlackRock's updated position in Dycom Industries, providing transparency on a significant institutional investor's stake, which can influence market perception.
Risk Assessment
Risk Level: low — This is a routine amendment filing by a passive institutional investor and does not inherently signal high risk.
Analyst Insight
Investors should monitor subsequent amendments from BlackRock to see if their stake in Dycom Industries Inc. significantly increases or decreases, as this could indicate a change in their long-term outlook for the company.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Dycom Industries Inc. (company) — the subject company whose stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 22, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 19 (number) — the specific amendment number for this filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, filed under the Securities Exchange Act of 1934.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., a security brokers, dealers & flotation company based in New York, NY.
What company's securities are the subject of this filing?
The subject company is Dycom Industries Inc., a company involved in water, sewer, pipeline, communication, and power line construction, based in Palm Beach Gardens, FL.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of Dycom Industries Inc. is 267475101.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 22, 2024 regarding DYCOM INDUSTRIES INC (DY).