Press Releases
NEW YORK, Aug. 16, 2016 /PRNewswire/ -- S&P SmallCap 600 constituent Dycom Industries Inc. (NYSE: DY) will replace FirstMerit Corp. (NASD: FMER) in the S&P MidCap 400, and Patrick Industries Inc. (NASD: PATK) will replace Dycom Industries in the S&P SmallCap 600 after the close of trading on Thursday, August 18. S&P 500 constituent Huntington Bancshares Inc. (NASD: HBAN) acquired FirstMerit in a deal completed today.
Dycom Industries provides specialty contracting services. Headquartered in Palm Beach Gardens, FL, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Construction & Engineering Sub-Industry index.
Patrick Industries manufactures and distributes building products and materials for the recreational vehicle, manufactured housing, and industrial markets. Headquartered in Elkhart, IN, the company will be added to the S&P SmallCap 600 GICS Building Products Sub-Industry index.
Following is a summary of the changes:
|
S&P MIDCAP 400 INDEX – AUGUST 18, 2016 |
|||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
|
ADDED |
Dycom Industries |
Industrials |
Construction & Engineering |
|
DELETED |
FirstMerit |
Financials |
Regional Banks |
|
S&P SMALLCAP 600 INDEX – AUGUST 18, 2016 |
|||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
|
ADDED |
Patrick Industries |
Industrials |
Building Products |
|
DELETED |
Dycom Industries |
Industrials |
Construction & Engineering |
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FOR MORE INFORMATION:
David Blitzer
Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spdji.com
Soogyung Jordan
Global Head of Communications
New York, USA
(+1) 212 438 2297
soogyung.jordan@spdji.com
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