Algert Global LLC Sells 6,760 Shares of Dycom Industries, Inc. (NYSE:DY)

Algert Global LLC decreased its holdings in Dycom Industries, Inc. (NYSE:DY - Free Report) by 29.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,559 shares of the construction company's stock after selling 6,760 shares during the period. Algert Global LLC owned about 0.06% of Dycom Industries worth $3,264,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. O Shaughnessy Asset Management LLC acquired a new position in Dycom Industries in the first quarter worth approximately $250,000. CANADA LIFE ASSURANCE Co increased its holdings in Dycom Industries by 7.8% in the first quarter. CANADA LIFE ASSURANCE Co now owns 25,582 shares of the construction company's stock worth $3,672,000 after buying an additional 1,860 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Dycom Industries by 4.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 22,770 shares of the construction company's stock worth $3,269,000 after buying an additional 1,052 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Dycom Industries by 168.5% during the first quarter. Janus Henderson Group PLC now owns 36,835 shares of the construction company's stock valued at $5,287,000 after purchasing an additional 23,117 shares during the last quarter. Finally, Interval Partners LP acquired a new position in Dycom Industries during the first quarter valued at approximately $5,247,000. Institutional investors and hedge funds own 98.33% of the company's stock.

Analyst Ratings Changes

DY has been the topic of several analyst reports. KeyCorp increased their price target on Dycom Industries from $200.00 to $227.00 and gave the company an "overweight" rating in a report on Tuesday, October 8th. Wells Fargo & Company increased their price target on Dycom Industries from $200.00 to $215.00 and gave the company an "overweight" rating in a report on Friday, November 15th. Bank of America increased their price target on Dycom Industries from $198.00 to $204.00 and gave the company a "buy" rating in a report on Friday, August 23rd. DA Davidson reiterated a "buy" rating and set a $210.00 price target on shares of Dycom Industries in a report on Tuesday, November 19th. Finally, B. Riley increased 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, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Dycom Industries currently has an average rating of "Buy" and an average target price of $206.13.

Dycom Industries Stock Performance

DY stock traded down $1.30 during midday trading on Tuesday, hitting $180.25. The stock had a trading volume of 439,241 shares, compared to its average volume of 303,931. The firm has a market capitalization of $5.26 billion, a price-to-earnings ratio of 23.78, a P/E/G ratio of 1.47 and a beta of 1.44. Dycom Industries, Inc. has a 52 week low of $99.54 and a 52 week high of $207.20. The stock has a 50-day simple moving average of $189.19 and a 200 day simple moving average of $179.73. The company has a current ratio of 3.12, a quick ratio of 2.93 and a debt-to-equity ratio of 0.89.

Dycom Industries 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.