Willingdon Wealth Management Has Lowered Dycom Inds (DY) Position by $1.31 Million as Stock Declined; Union Bankshares Stake in Ppg Inds (PPG) Decreased by $2.93 Million

May 22, 2018 - By Stephen Andrade

PPG Industries, Inc. (NYSE:PPG) Logo

Union Bankshares Corp decreased its stake in Ppg Inds Inc (PPG) by 87.51% based on its latest 2017Q4 regulatory filing with the SEC. Union Bankshares Corp sold 25,241 shares as the company’s stock declined 3.68% with the market. The institutional investor held 3,604 shares of the basic industries company at the end of 2017Q4, valued at $421,000, down from 28,845 at the end of the previous reported quarter. Union Bankshares Corp who had been investing in Ppg Inds Inc for a number of months, seems to be less bullish one the $25.88 billion market cap company. The stock decreased 1.19% or $1.25 during the last trading session, reaching $103.78. About 564,818 shares traded. PPG Industries, Inc. (NYSE:PPG) has risen 7.79% since May 22, 2017 and is uptrending. It has underperformed by 3.76% the S&P500.

Willingdon Wealth Management decreased its stake in Dycom Inds Inc (DY) by 32.75% based on its latest 2017Q4 regulatory filing with the SEC. Willingdon Wealth Management sold 11,783 shares as the company’s stock declined 9.19% with the market. The institutional investor held 24,200 shares of the basic industries company at the end of 2017Q4, valued at $2.70M, down from 35,983 at the end of the previous reported quarter. Willingdon Wealth Management who had been investing in Dycom Inds Inc for a number of months, seems to be less bullish one the $3.04B market cap company. The stock decreased 16.16% or $18.7805 during the last trading session, reaching $97.4195. About 5.29M shares traded or 1350.68% up from the average. Dycom Industries, Inc. (NYSE:DY) has risen 13.44% since May 22, 2017 and is uptrending. It has outperformed by 1.89% the S&P500.

Among 10 analysts covering Dycom (NYSE:DY), 9 have Buy rating, 0 Sell and 1 Hold. Therefore 90% are positive. Dycom had 36 analyst reports since August 27, 2015 according to SRatingsIntel. FBR Capital maintained it with “Buy” rating and $132.0 target in Wednesday, February 28 report. On Wednesday, May 11 the stock rating was maintained by Canaccord Genuity with “Buy”. The company was maintained on Friday, June 30 by Stifel Nicolaus. The company was maintained on Friday, October 6 by Stifel Nicolaus. Stifel Nicolaus maintained it with “Buy” rating and $120.0 target in Tuesday, November 28 report. The company was maintained on Wednesday, August 30 by Canaccord Genuity. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, May 25. Stifel Nicolaus maintained it with “Buy” rating and $93.0 target in Thursday, August 31 report. The firm earned “Buy” rating on Tuesday, December 15 by DA Davidson. The firm earned “Buy” rating on Sunday, December 10 by Stifel Nicolaus.

Investors sentiment increased to 1.01 in Q4 2017. Its up 0.01, from 1 in 2017Q3. It is positive, as 34 investors sold DY shares while 109 reduced holdings. 55 funds opened positions while 89 raised stakes. 29.64 million shares or 4.71% less from 31.11 million shares in 2017Q3 were reported. Sigma Planning accumulated 2,267 shares. Prelude Cap Mgmt Limited Liability holds 1,190 shares or 0.01% of its portfolio. Tower Rech Ltd Liability (Trc) reported 638 shares. Victory Cap reported 17,786 shares. Atlantic Gru Ltd Co reported 6,060 shares. Montag A & Assoc has 69,417 shares for 0.75% of their portfolio. Daiwa Securities Inc holds 0.01% or 18,100 shares in its portfolio. Teacher Retirement Sys Of Texas holds 0.01% or 10,672 shares in its portfolio. State Common Retirement Fund has 35,530 shares for 0% of their portfolio. Callahan Advisors Limited Liability Corporation holds 60,530 shares. Raymond James Services Inc holds 0% in Dycom Industries, Inc. (NYSE:DY) or 4,050 shares. Howe Rusling accumulated 1,697 shares. Sg Americas Secs has 13,457 shares for 0.01% of their portfolio. Kornitzer Capital Management Incorporated Ks stated it has 0.11% of its portfolio in Dycom Industries, Inc. (NYSE:DY). Macquarie Grp Incorporated Ltd holds 0% or 13,266 shares.

Willingdon Wealth Management, which manages about $239.04 million and $304.32 million US Long portfolio, upped its stake in Spdr S&P 500 Etf Tr (SPY) by 2,827 shares to 44,651 shares, valued at $11.92 million in 2017Q4, according to the filing. It also increased its holding in Microsoft Corp (NASDAQ:MSFT) by 8,233 shares in the quarter, for a total of 65,046 shares, and has risen its stake in Jpmorgan Chase & Co (NYSE:JPM).

Since March 7, 2018, it had 0 insider purchases, and 1 insider sale for $284,044 activity.

Analysts await Dycom Industries, Inc. (NYSE:DY) to report earnings on May, 23 before the open. They expect $0.68 earnings per share, down 47.69% or $0.62 from last year’s $1.3 per share. DY’s profit will be $21.21 million for 35.82 P/E if the $0.68 EPS becomes a reality. After $0.12 actual earnings per share reported by Dycom Industries, Inc. for the previous quarter, Wall Street now forecasts 466.67% EPS growth.

More notable recent Dycom Industries, Inc. (NYSE:DY) news were published by: Benzinga.com which released: “32 Stocks Moving In Tuesday’s Mid-Day Session” on May 22, 2018, also Benzinga.com with their article: “Mid-Day Market Update: Dycom Industries Falls On Q3 Miss; America’s Car-Mart Shares Gain” published on May 22, 2018, Foxbusiness.com published: “Why Dycom Stock Just Died” on May 22, 2018. More interesting news about Dycom Industries, Inc. (NYSE:DY) were released by: Streetinsider.com and their article: “Pre-Open Movers 05/22: (PLAB) (ACIA) (AAP) Higher; (LBY) (DY) (JCP) Lower (more…)” published on May 22, 2018 as well as Benzinga.com‘s news article titled: “Earnings Scheduled For May 22, 2018” with publication date: May 22, 2018.

More notable recent PPG Industries, Inc. (NYSE:PPG) news were published by: Businesswire.com which released: “INVESTOR ALERT: Levi & Korsinsky, LLP Reminds Investors of an Investigation Involving Possible Securities Fraud …” on May 22, 2018, also Businesswire.com with their article: “Bragar Eagel & Squire, PC Announces That a Class Action Lawsuit Has Been Filed Against PPG Industries, Inc. (PPG …” published on May 22, 2018, Prnewswire.com published: “PPG Class Action: Bernstein Liebhard LLP Announces That A Class Action Lawsuit Has Been Filed Against PPG …” on May 22, 2018. More interesting news about PPG Industries, Inc. (NYSE:PPG) were released by: Seekingalpha.com and their article: “PPG Industries fires controller following probe into accounting procedures” published on May 10, 2018 as well as Businesswire.com‘s news article titled: “EQUITY ALERT: Rosen Law Firm Files Securities Class Action Lawsuit Against PPG Industries, Inc. – PPG” with publication date: May 20, 2018.

Analysts await PPG Industries, Inc. (NYSE:PPG) to report earnings on July, 19. They expect $1.90 earnings per share, up 3.83% or $0.07 from last year’s $1.83 per share. PPG’s profit will be $473.72M for 13.66 P/E if the $1.90 EPS becomes a reality. After $1.39 actual earnings per share reported by PPG Industries, Inc. for the previous quarter, Wall Street now forecasts 36.69% EPS growth.

Investors sentiment decreased to 1 in 2017 Q4. Its down 0.14, from 1.14 in 2017Q3. It turned negative, as 37 investors sold PPG shares while 245 reduced holdings. 86 funds opened positions while 197 raised stakes. 186.33 million shares or 0.01% more from 186.32 million shares in 2017Q3 were reported. Sun Life holds 0.01% or 557 shares. Spf Beheer Bv accumulated 649,887 shares or 3.15% of the stock. Ifc Fl has invested 0.02% in PPG Industries, Inc. (NYSE:PPG). Arizona State Retirement Sys owns 73,274 shares. Baystate Wealth Mngmt Lc invested 0.02% of its portfolio in PPG Industries, Inc. (NYSE:PPG). Meristem Ltd Liability Partnership reported 2,012 shares. 2,026 are owned by Lombard Odier Asset (Switzerland) Sa. Moreover, Boston Advisors Limited Liability has 0.01% invested in PPG Industries, Inc. (NYSE:PPG). Robecosam Ag invested in 1,750 shares. Moreover, Korea Inv has 0.05% invested in PPG Industries, Inc. (NYSE:PPG) for 85,753 shares. First Advisors Limited Partnership has invested 0% in PPG Industries, Inc. (NYSE:PPG). Axa reported 0.33% in PPG Industries, Inc. (NYSE:PPG). Kayne Anderson Rudnick Mgmt owns 109,062 shares or 0.1% of their US portfolio. Brown Advisory Securities Limited Liability owns 2,740 shares. Cliftonlarsonallen Wealth Advisors Ltd has invested 0.12% in PPG Industries, Inc. (NYSE:PPG).

Union Bankshares Corp, which manages about $323.13M US Long portfolio, upped its stake in Target Corp (NYSE:TRV) by 9,695 shares to 14,314 shares, valued at $1.26 million in 2017Q4, according to the filing. It also increased its holding in Cisco Sys Inc (NASDAQ:CSCO) by 30,113 shares in the quarter, for a total of 167,758 shares, and has risen its stake in Apple Inc (NASDAQ:AAPL).

Since February 22, 2018, it had 0 buys, and 1 sale for $1.10 million activity.

PPG Industries, Inc. (NYSE:PPG) Institutional Positions Chart

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