Applied Fundamental Research LLC cut its position in Dycom Industries, Inc. (NYSE:DY - Free Report) by 5.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,327 shares of the construction company's stock after selling 3,228 shares during the period. Dycom Industries comprises 6.7% of Applied Fundamental Research LLC's portfolio, making the stock its 8th largest holding. Applied Fundamental Research LLC owned approximately 0.18% of Dycom Industries worth $10,117,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of DY. Ironwood Investment Management LLC grew its stake in Dycom Industries by 0.4% during the second quarter. Ironwood Investment Management LLC now owns 14,625 shares of the construction company's stock valued at $2,468,000 after acquiring an additional 58 shares in the last quarter. First Horizon Advisors Inc. grew its position in shares of Dycom Industries by 25.4% during the third quarter. First Horizon Advisors Inc. now owns 291 shares of the construction company's stock valued at $57,000 after purchasing an additional 59 shares in the last quarter. Anchor Investment Management LLC increased its holdings in shares of Dycom Industries by 50.4% in the second quarter. Anchor Investment Management LLC now owns 194 shares of the construction company's stock worth $33,000 after purchasing an additional 65 shares during the last quarter. Somerset Trust Co lifted its position in shares of Dycom Industries by 1.6% in the second quarter. Somerset Trust Co now owns 4,448 shares of the construction company's stock worth $751,000 after buying an additional 68 shares in the last quarter. Finally, Arizona State Retirement System lifted its position in shares of Dycom Industries by 1.0% in the second quarter. Arizona State Retirement System now owns 8,145 shares of the construction company's stock worth $1,375,000 after buying an additional 82 shares in the last quarter. Hedge funds and other institutional investors own 98.33% of the company's stock.
Analysts Set New Price Targets
A number of research firms have issued reports on DY. DA Davidson reaffirmed a "buy" rating and issued a $210.00 price objective on shares of Dycom Industries in a research note on Tuesday, November 19th. Wells Fargo & Company boosted their price target on shares of Dycom Industries from $200.00 to $215.00 and gave the stock an "overweight" rating in a research report on Friday, November 15th. Bank of America increased their price objective on shares of Dycom Industries from $198.00 to $204.00 and gave the company a "buy" rating in a research report on Friday, August 23rd. B. Riley boosted their target price on shares of Dycom Industries from $205.00 to $208.00 and gave the stock a "buy" rating in a report on Thursday, August 22nd. Finally, KeyCorp increased their price target on shares of Dycom Industries from $200.00 to $227.00 and gave the company an "overweight" rating in a report on Tuesday, October 8th. One research 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 data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $206.13.
Get Our Latest Stock Analysis on DY
Dycom Industries Trading Down 0.7 %
Shares of DY traded down $1.30 during mid-day trading on Tuesday, reaching $180.25. 439,363 shares of the company's stock traded hands, compared to its average volume of 303,932. Dycom Industries, Inc. has a 12 month low of $99.54 and a 12 month high of $207.20. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.12 and a quick ratio of 2.93. The stock has a market cap of $5.26 billion, a P/E ratio of 23.78, a P/E/G ratio of 1.47 and a beta of 1.44. The stock's 50-day moving average is $189.19 and its two-hundred day moving average is $179.73.
About Dycom Industries
(
Free Report)
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.
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