Radnor Capital Management LLC Purchases Shares of 15,430 Dycom Industries, Inc. (NYSE:DY)

Radnor Capital Management LLC purchased a new stake in Dycom Industries, Inc. (NYSE:DY - Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 15,430 shares of the construction company's stock, valued at approximately $3,041,000. Radnor Capital Management LLC owned about 0.05% of Dycom Industries at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in DY. Allspring Global Investments Holdings LLC purchased a new stake in shares of Dycom Industries in the 1st quarter valued at approximately $28,000. Annapolis Financial Services LLC purchased a new position in shares of Dycom Industries during the third quarter valued at $29,000. Anchor Investment Management LLC raised its position in Dycom Industries by 50.4% during the second quarter. Anchor Investment Management LLC now owns 194 shares of the construction company's stock valued at $33,000 after buying an additional 65 shares during the period. GAMMA Investing LLC lifted its stake in Dycom Industries by 107.8% in the 2nd quarter. GAMMA Investing LLC now owns 293 shares of the construction company's stock worth $49,000 after acquiring an additional 152 shares in the last quarter. Finally, SJS Investment Consulting Inc. boosted its position in Dycom Industries by 5,071.4% during the 2nd quarter. SJS Investment Consulting Inc. now owns 362 shares of the construction company's stock worth $61,000 after acquiring an additional 355 shares during the period. Institutional investors and hedge funds own 98.33% of the company's stock.

Dycom Industries Stock Performance

Shares of DY stock traded down $5.04 during trading on Wednesday, reaching $179.27. The company had a trading volume of 1,124,473 shares, compared to its average volume of 282,129. The company has a market capitalization of $5.22 billion, a PE ratio of 22.91, a PEG ratio of 1.44 and a beta of 1.44. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.44 and a quick ratio of 3.25. The firm's 50 day simple moving average is $186.56 and its two-hundred day simple moving average is $175.45. Dycom Industries, Inc. has a one year low of $80.65 and a one year high of $207.20.

Dycom Industries (NYSE:DY - Get Free Report) last posted its earnings results on Wednesday, August 21st. The construction company reported $2.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.26 by $0.20. Dycom Industries had a net margin of 5.37% and a return on equity of 22.28%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the business posted $2.03 EPS. Dycom Industries's revenue was up 15.5% compared to the same quarter last year. Sell-side analysts forecast that Dycom Industries, Inc. will post 8.02 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. KeyCorp increased their price target on shares of Dycom Industries from $200.00 to $227.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 8th. Bank of America boosted their price target on shares of Dycom Industries from $198.00 to $204.00 and gave the company a "buy" rating in a report on Friday, August 23rd. StockNews.com lowered Dycom Industries from a "buy" rating to a "hold" rating in a report on Friday, July 26th. Wells Fargo & Company upped their target price on Dycom Industries from $185.00 to $200.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 17th. Finally, B. Riley lifted their price target on Dycom Industries from $205.00 to $208.00 and gave the company a "buy" rating in a report on Thursday, August 22nd. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $203.43.

Dycom Industries Company Profile

Dycom Industries, Inc provides specialty contracting services to the telecommunications infrastructure and utility industries in the United States. The company offers engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems; wireless networks in connection with the deployment of macro cell and new small cell sites; and program and project management and inspection personnel.