Empowered Funds LLC boosted its stake in Dycom Industries, Inc. (NYSE:DY – Free Report) by 2,010.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,189 shares of the construction company’s stock after buying an additional 22,090 shares during the quarter. Empowered Funds LLC’s holdings in Dycom Industries were worth $7,857,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of the stock. &PARTNERS grew its holdings in shares of Dycom Industries by 2.5% during the 4th quarter. &PARTNERS now owns 1,053 shares of the construction company’s stock valued at $356,000 after acquiring an additional 26 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Dycom Industries by 17.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the construction company’s stock worth $69,000 after acquiring an additional 30 shares during the last quarter. Legacy Wealth Managment LLC ID raised its holdings in shares of Dycom Industries by 30.4% during the first quarter. Legacy Wealth Managment LLC ID now owns 150 shares of the construction company’s stock worth $51,000 after acquiring an additional 35 shares in the last quarter. Osaic Holdings Inc. boosted its position in Dycom Industries by 1.7% during the fourth quarter. Osaic Holdings Inc. now owns 2,062 shares of the construction company’s stock valued at $697,000 after purchasing an additional 35 shares during the last quarter. Finally, CWM LLC grew its stake in Dycom Industries by 1.9% in the fourth quarter. CWM LLC now owns 1,956 shares of the construction company’s stock valued at $661,000 after purchasing an additional 36 shares in the last quarter. Institutional investors and hedge funds own 98.33% of the company’s stock.
Dycom Industries Trading Down 4.0%
Shares of NYSE:DY opened at $400.32 on Friday. The company has a current ratio of 2.58, a quick ratio of 2.46 and a debt-to-equity ratio of 1.48. The stock has a market capitalization of $12.02 billion, a PE ratio of 38.09, a P/E/G ratio of 0.74 and a beta of 1.50. Dycom Industries, Inc. has a 1 year low of $233.00 and a 1 year high of $566.47. The firm has a fifty day moving average price of $450.97 and a 200 day moving average price of $411.10.
Wall Street Analyst Weigh In
Several research analysts have weighed in on the company. UBS Group reaffirmed a “buy” rating on shares of Dycom Industries in a research report on Friday, July 24th. Guggenheim lifted their price target on Dycom Industries from $575.00 to $620.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Wells Fargo & Company boosted their price target on Dycom Industries from $500.00 to $650.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. Wall Street Zen downgraded Dycom Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 25th. Finally, Cantor Fitzgerald raised their price objective on shares of Dycom Industries from $436.00 to $654.00 and gave the company an “overweight” rating in a research report on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $554.92.
View Our Latest Analysis 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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