Aventail Capital Group LP increased its position in Dycom Industries, Inc. (NYSE:DY – Free Report) by 41.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 25,614 shares of the construction company’s stock after purchasing an additional 7,499 shares during the quarter. Aventail Capital Group LP’s holdings in Dycom Industries were worth $8,655,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the company. &PARTNERS grew its stake in shares of Dycom Industries by 2.5% in the 4th quarter. &PARTNERS now owns 1,053 shares of the construction company’s stock valued at $356,000 after buying an additional 26 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Dycom Industries by 17.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the construction company’s stock valued at $69,000 after buying an additional 30 shares during the period. First Bank & Trust grew its stake in shares of Dycom Industries by 1.6% in the 4th quarter. First Bank & Trust now owns 2,106 shares of the construction company’s stock valued at $712,000 after buying an additional 33 shares during the period. Osaic Holdings Inc. lifted its position in Dycom Industries by 1.7% in the 4th quarter. Osaic Holdings Inc. now owns 2,062 shares of the construction company’s stock valued at $697,000 after acquiring an additional 35 shares in the last quarter. Finally, CWM LLC lifted its position in Dycom Industries by 1.9% in the 4th quarter. CWM LLC now owns 1,956 shares of the construction company’s stock valued at $661,000 after acquiring an additional 36 shares in the last quarter. 98.33% of the stock is currently owned by institutional investors and hedge funds.
Dycom Industries Price Performance
Dycom Industries stock opened at $461.87 on Thursday. Dycom Industries, Inc. has a 52 week low of $229.97 and a 52 week high of $566.47. The company’s 50 day moving average price is $434.81 and its two-hundred day moving average price is $391.28. The company has a quick ratio of 2.46, a current ratio of 2.58 and a debt-to-equity ratio of 1.48. The stock has a market cap of $13.87 billion, a P/E ratio of 43.95, a P/E/G ratio of 0.88 and a beta of 1.49.
Analysts Set New Price Targets
Several equities analysts recently weighed in on the stock. Zacks Research raised shares of Dycom Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. Wedbush set a $654.00 price target on shares of Dycom Industries in a research report on Friday, May 29th. B. Riley Financial raised their price target on shares of Dycom Industries from $485.00 to $625.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Cantor Fitzgerald raised their price target 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. Finally, UBS Group reaffirmed a “buy” rating and issued a $611.00 price target on shares of Dycom Industries in a research report on Friday, May 29th. Two analysts have rated the stock with a Strong Buy rating and eleven have given a Buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $554.92.
Check Out Our Latest Stock Analysis on DY
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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