Dycom Industries, Inc. (NYSE:DY) Shares Acquired by Franklin Resources Inc.

Franklin Resources Inc. increased its holdings in shares of Dycom Industries, Inc. (NYSE:DY - Free Report) by 17.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 154,814 shares of the construction company's stock after acquiring an additional 23,270 shares during the period. Franklin Resources Inc. owned approximately 0.53% of Dycom Industries worth $29,237,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of DY. Accent Capital Management LLC acquired a new stake in shares of Dycom Industries during the 3rd quarter valued at approximately $25,000. Legacy Investment Solutions LLC acquired a new position in Dycom Industries during the third quarter worth $28,000. Annapolis Financial Services LLC purchased a new stake in Dycom Industries during the third quarter worth $29,000. Anchor Investment Management LLC grew 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 valued at $33,000 after purchasing an additional 65 shares during the last quarter. Finally, SOA Wealth Advisors LLC. acquired a new position in shares of Dycom Industries during the 3rd quarter worth $39,000. Hedge funds and other institutional investors own 98.33% of the company's stock.

Dycom Industries Trading Up 0.7 %

NYSE DY traded up $1.10 during trading hours on Thursday, hitting $169.40. 437,038 shares of the company's stock were exchanged, compared to its average volume of 313,590. The business's 50 day moving average is $185.82 and its 200-day moving average is $181.81. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.93 and a current ratio of 3.12. Dycom Industries, Inc. has a 12-month low of $107.53 and a 12-month high of $207.20. The firm has a market capitalization of $4.94 billion, a P/E ratio of 22.29, a price-to-earnings-growth ratio of 1.45 and a beta of 1.41.

Insider Transactions at Dycom Industries

In other Dycom Industries news, Director Jennifer M. Fritzsche sold 430 shares of the business's stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $173.11, for a total transaction of $74,437.30. Following the completion of the sale, the director now owns 8,873 shares of the company's stock, valued at approximately $1,536,005.03. The trade was a 4.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.28% of the company's stock.

Wall Street Analyst Weigh In

DY has been the topic of a number of research reports. B. Riley increased their price objective on shares of Dycom Industries from $205.00 to $208.00 and gave the company a "buy" rating in a research note on Thursday, August 22nd. 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 research report on Tuesday, October 8th. DA Davidson restated a "buy" rating and set a $210.00 price objective on shares of Dycom Industries in a research report on Tuesday, November 19th. Wells Fargo & Company increased their target price on Dycom Industries from $200.00 to $215.00 and gave the company an "overweight" rating in a report on Friday, November 15th. Finally, Bank of America boosted their price target on Dycom Industries from $198.00 to $204.00 and gave the stock a "buy" rating in a report on Friday, August 23rd. One research 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. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target 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.