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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SOURCE S&P Dow Jones Indices