Barclays PLC Has $11.42 Million Holdings in Dycom Industries, Inc. (NYSE:DY)

Barclays PLC lifted its holdings in shares of Dycom Industries, Inc. (NYSE:DY - Free Report) by 279.0% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 57,923 shares of the construction company's stock after buying an additional 42,641 shares during the period. Barclays PLC owned about 0.20% of Dycom Industries worth $11,419,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of DY. MeadowBrook Investment Advisors LLC grew its holdings in shares of Dycom Industries by 267.0% during the 2nd quarter. MeadowBrook Investment Advisors LLC now owns 1,890 shares of the construction company's stock valued at $319,000 after purchasing an additional 1,375 shares during the last quarter. Thompson Davis & CO. Inc. lifted its stake in shares of Dycom Industries by 171.6% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 7,265 shares of the construction company's stock valued at $1,226,000 after acquiring an additional 4,590 shares during the last quarter. Louisiana State Employees Retirement System grew its position in Dycom Industries by 0.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 14,600 shares of the construction company's stock worth $2,464,000 after acquiring an additional 100 shares during the last quarter. IMA Advisory Services Inc. acquired a new position in Dycom Industries in the 2nd quarter worth about $264,000. Finally, EFG Asset Management North America Corp. increased its holdings in Dycom Industries by 101.5% in the 2nd quarter. EFG Asset Management North America Corp. now owns 12,242 shares of the construction company's stock worth $2,064,000 after purchasing an additional 6,166 shares in the last quarter. 98.33% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on DY shares. B. Riley upped their price objective on Dycom Industries from $205.00 to $208.00 and gave the company a "buy" rating in a research note on Thursday, August 22nd. KeyCorp raised their price target on shares of Dycom Industries from $200.00 to $227.00 and gave the company an "overweight" rating in a research note on Tuesday, October 8th. Wells Fargo & Company increased their price objective 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 lifted their target price on Dycom Industries from $198.00 to $204.00 and gave the stock a "buy" rating in a report on Friday, August 23rd. Finally, DA Davidson reissued a "buy" rating and issued a $210.00 price target on shares of Dycom Industries in a research note on Tuesday, November 19th. One investment 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.com, the stock has a consensus rating of "Buy" and an average target price of $206.13.

Dycom Industries Trading Down 1.5 %

Shares of Dycom Industries stock traded down $2.66 on Tuesday, hitting $177.05. 546,477 shares of the company's stock traded hands, compared to its average volume of 312,561. The company has a fifty day moving average of $186.53 and a two-hundred day moving average of $181.93. Dycom Industries, Inc. has a one year low of $107.53 and a one year high of $207.20. The company has a market capitalization of $5.17 billion, a price-to-earnings ratio of 23.29, a price-to-earnings-growth ratio of 1.45 and a beta of 1.41. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.12 and a quick ratio of 2.93.

About Dycom Industries

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.