Total Wealth Planning & Management Inc. purchased a new position in Dycom Industries, Inc. (NYSE:DY – Free Report) in the 4th quarter, HoldingsChannel reports. The fund purchased 3,522 shares of the construction company’s stock, valued at approximately $1,190,000. Dycom Industries comprises approximately 0.9% of Total Wealth Planning & Management Inc.’s holdings, making the stock its 23rd biggest position.
Several other institutional investors have also modified their holdings of DY. Northwestern Mutual Wealth Management Co. lifted its position in shares of Dycom Industries by 265,593,055.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 23,903,384 shares of the construction company’s stock worth $8,076,953,000 after purchasing an additional 23,903,375 shares during the last quarter. Nordea Investment Management AB lifted its position in shares of Dycom Industries by 5,603.6% during the 4th quarter. Nordea Investment Management AB now owns 405,580 shares of the construction company’s stock worth $139,057,000 after purchasing an additional 398,469 shares during the last quarter. Millennium Management LLC lifted its position in shares of Dycom Industries by 21.0% during the 3rd quarter. Millennium Management LLC now owns 1,324,938 shares of the construction company’s stock worth $386,564,000 after purchasing an additional 229,579 shares during the last quarter. Alyeska Investment Group L.P. purchased a new stake in shares of Dycom Industries during the 3rd quarter worth $44,553,000. Finally, Bornite Capital Management LP purchased a new stake in shares of Dycom Industries during the 3rd quarter worth $43,764,000. 98.33% of the stock is owned by hedge funds and other institutional investors.
Dycom Industries Trading Up 1.1%
NYSE DY opened at $489.65 on Friday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.46 and a current ratio of 2.58. The firm has a market cap of $14.70 billion, a PE ratio of 46.59, a P/E/G ratio of 1.02 and a beta of 1.49. Dycom Industries, Inc. has a one year low of $229.97 and a one year high of $566.47. The firm’s fifty day moving average is $413.28 and its two-hundred day moving average is $382.83.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on the stock. Cantor Fitzgerald lifted their price objective on shares of Dycom Industries from $436.00 to $654.00 and gave the stock an “overweight” rating in a research report on Friday, May 29th. Zacks Research raised shares of Dycom Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. UBS Group reaffirmed a “buy” rating and set a $611.00 price objective on shares of Dycom Industries in a research report on Friday, May 29th. Weiss Ratings raised shares of Dycom Industries from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 29th. Finally, Wedbush set a $654.00 price objective on shares of Dycom Industries in a research report on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $554.92.
Get Our Latest Stock Report on Dycom Industries
Dycom Industries Company Profile
Dycom Industries, Inc (NYSE: DY) is a leading provider of specialty contracting services to the telecommunications industry in North America. The company delivers engineering, construction, installation and maintenance solutions for communications infrastructure, supporting a broad range of network technologies and system architectures. Dycom’s services span outside plant construction, cable placement, fiber optic deployment, wireless and wireline network engineering, as well as testing and turn-up services for voice, data and video applications.
Dycom’s customer base includes major telecommunications carriers, cable operators, utility companies and competitive local exchange carriers.
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