Fmr LLC Purchases 17,862 Shares of Dycom Industries, Inc. (NYSE:DY)

FMR LLC boosted its position in Dycom Industries, Inc. (NYSE:DY - Free Report) by 2.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 772,666 shares of the construction company's stock after purchasing an additional 17,862 shares during the period. FMR LLC owned 2.66% of Dycom Industries worth $152,292,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in DY. Ironwood Investment Management LLC increased its position in Dycom Industries by 0.4% in the second quarter. Ironwood Investment Management LLC now owns 14,625 shares of the construction company's stock worth $2,468,000 after buying an additional 58 shares during the last quarter. First Horizon Advisors Inc. boosted 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 boosted its holdings in 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 acquiring an additional 65 shares in the last quarter. Arizona State Retirement System increased its stake in Dycom Industries by 1.0% during the 2nd quarter. Arizona State Retirement System now owns 8,145 shares of the construction company's stock valued at $1,375,000 after purchasing an additional 82 shares in the last quarter. Finally, Inspire Advisors LLC grew its stake in shares of Dycom Industries by 1.3% in the second quarter. Inspire Advisors LLC now owns 7,059 shares of the construction company's stock worth $1,191,000 after acquiring an additional 90 shares during the period. Institutional investors and hedge funds own 98.33% of the company's stock.

Analysts Set New Price Targets

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

Dycom Industries Price Performance

NYSE DY traded up $4.15 during trading hours on Wednesday, reaching $194.92. 353,866 shares of the company's stock were exchanged, compared to its average volume of 304,634. The stock has a market cap of $5.69 billion, a PE ratio of 25.65, a price-to-earnings-growth ratio of 1.48 and a beta of 1.41. The firm has a fifty day moving average of $187.83 and a 200-day moving average of $181.23. 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 one year low of $105.67 and a one year high of $207.20.

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.