Eagle Asset Management Inc. Makes New $13.14 Million Investment in Dycom Industries, Inc. (NYSE:DY)

Eagle Asset Management Inc. bought a new stake in shares of Dycom Industries, Inc. (NYSE:DY - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 69,312 shares of the construction company's stock, valued at approximately $13,144,000. Eagle Asset Management Inc. owned 0.24% of Dycom Industries as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of DY. Accent Capital Management LLC purchased a new stake in shares of Dycom Industries during the 3rd quarter worth $25,000. Annapolis Financial Services LLC purchased a new stake in shares of Dycom Industries during the third quarter valued at about $29,000. Anchor Investment Management LLC boosted its holdings in shares of Dycom Industries by 50.4% in the 2nd 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 in the last quarter. First Horizon Advisors Inc. grew its position in shares of Dycom Industries by 25.4% in the 3rd quarter. First Horizon Advisors Inc. now owns 291 shares of the construction company's stock worth $57,000 after buying an additional 59 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of 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 buying an additional 152 shares during the last quarter. Institutional investors own 98.33% of the company's stock.

Dycom Industries Stock Performance

Shares of DY stock traded down $2.94 during trading hours on Friday, hitting $180.30. The company's stock had a trading volume of 550,157 shares, compared to its average volume of 585,850. The stock has a market cap of $5.25 billion, a PE ratio of 23.72, a price-to-earnings-growth ratio of 1.52 and a beta of 1.44. Dycom Industries, Inc. has a 12-month low of $99.54 and a 12-month high of $207.20. The company has a 50 day moving average of $189.27 and a 200 day moving average of $179.07. The company has a current ratio of 3.12, a quick ratio of 3.25 and a debt-to-equity ratio of 0.89.

Dycom Industries (NYSE:DY - Get Free Report) last posted its quarterly earnings results on Wednesday, August 21st. The construction company reported $2.46 EPS for the quarter, beating the consensus estimate of $2.26 by $0.20. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.20 billion. Dycom Industries had a net margin of 4.91% and a return on equity of 20.99%. The firm's revenue was up 15.5% on a year-over-year basis. During the same period in the prior year, the company earned $2.03 earnings per share. On average, sell-side analysts forecast that Dycom Industries, Inc. will post 7.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on DY. DA Davidson restated a "buy" rating and issued a $210.00 target price on shares of Dycom Industries in a research note on Tuesday, November 19th. Bank of America boosted their target price on Dycom Industries from $198.00 to $204.00 and gave the stock a "buy" rating in a research note on Friday, August 23rd. KeyCorp upped their target price on Dycom Industries from $200.00 to $227.00 and gave the company an "overweight" rating in a research report on Tuesday, October 8th. B. Riley upped their price objective on shares of Dycom Industries from $205.00 to $208.00 and gave the company a "buy" rating in a report on Thursday, August 22nd. Finally, Wells Fargo & Company lifted their target price on shares of Dycom Industries from $200.00 to $215.00 and gave the stock an "overweight" rating in a research note on Friday, November 15th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $206.13.

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.