Citigroup Inc. Has $7.55 Million Holdings in Dycom Industries, Inc. (NYSE:DY)

Citigroup Inc. boosted its holdings in Dycom Industries, Inc. (NYSE:DY - Free Report) by 79.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,289 shares of the construction company's stock after buying an additional 16,966 shares during the quarter. Citigroup Inc. owned approximately 0.13% of Dycom Industries worth $7,547,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of DY. Price T Rowe Associates Inc. MD grew its stake in shares of Dycom Industries by 4.8% during 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 increased its holdings in Dycom Industries by 168.5% in the 1st quarter. Janus Henderson Group PLC now owns 36,835 shares of the construction company's stock worth $5,287,000 after purchasing an additional 23,117 shares in the last quarter. Tidal Investments LLC raised its position in Dycom Industries by 202.6% in the first quarter. Tidal Investments LLC now owns 10,835 shares of the construction company's stock valued at $1,555,000 after purchasing an additional 7,254 shares during the last quarter. Burney Co. acquired a new stake in shares of Dycom Industries during the first quarter valued at about $415,000. Finally, GAMMA Investing LLC grew its holdings in shares of Dycom Industries by 107.8% during the second quarter. GAMMA Investing LLC now owns 293 shares of the construction company's stock worth $49,000 after purchasing an additional 152 shares during the last quarter. 98.33% of the stock is owned by institutional investors and hedge funds.

Dycom Industries Trading Up 0.3 %

NYSE DY traded up $0.49 during trading hours on Friday, hitting $181.16. 131,634 shares of the company's stock were exchanged, compared to its average volume of 556,232. The firm has a market cap of $5.29 billion, a price-to-earnings ratio of 23.84, a PEG ratio of 1.47 and a beta of 1.44. The stock has a 50-day simple moving average of $188.25 and a 200 day simple moving average of $180.38. 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, Inc. has a 1-year low of $100.27 and a 1-year high of $207.20.

Analyst Ratings Changes

DY has been the subject of a number of research reports. Wells Fargo & Company raised their price objective on shares of Dycom Industries from $200.00 to $215.00 and gave the company an "overweight" rating in a report on Friday, November 15th. DA Davidson reaffirmed a "buy" rating and set a $210.00 price target on shares of Dycom Industries in a research note on Tuesday, November 19th. KeyCorp boosted their price objective on shares of Dycom Industries from $200.00 to $227.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 8th. Bank of America raised their target price on Dycom Industries from $198.00 to $204.00 and gave the stock a "buy" rating in a research report on Friday, August 23rd. Finally, B. Riley upped their price target on Dycom Industries from $205.00 to $208.00 and gave the company a "buy" rating in a research report on Thursday, August 22nd. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $206.13.

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.