Harbour Capital Advisors LLC Invests $773,000 in Dycom Industries, Inc. (NYSE:DY)

Harbour Capital Advisors LLC acquired a new stake in Dycom Industries, Inc. (NYSE:DY - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,275 shares of the construction company's stock, valued at approximately $773,000.

A number of other hedge funds have also recently made changes to their positions in DY. Fulton Bank N.A. grew its holdings in Dycom Industries by 12.0% during the fourth quarter. Fulton Bank N.A. now owns 4,687 shares of the construction company's stock worth $816,000 after buying an additional 502 shares in the last quarter. Nordea Investment Management AB purchased a new position in Dycom Industries during the 4th quarter worth $1,171,000. JPMorgan Chase & Co. grew its stake in shares of Dycom Industries by 65.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 80,320 shares of the construction company's stock worth $15,831,000 after acquiring an additional 31,864 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Dycom Industries by 4.3% in the third quarter. Principal Financial Group Inc. now owns 666,051 shares of the construction company's stock valued at $131,278,000 after purchasing an additional 27,370 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Dycom Industries by 17.7% in the third quarter. Franklin Resources Inc. now owns 154,814 shares of the construction company's stock valued at $29,237,000 after purchasing an additional 23,270 shares during the last quarter. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DY. KeyCorp upped their price objective on shares of Dycom Industries from $227.00 to $229.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 8th. DA Davidson reaffirmed a "buy" rating and issued a $210.00 target price on shares of Dycom Industries in a report on Tuesday, November 19th. Finally, Wells Fargo & Company increased their price target on Dycom Industries from $200.00 to $215.00 and gave the company an "overweight" rating in a research report on Friday, November 15th. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $206.38.

Insider Transactions at Dycom Industries

In other news, Director Jennifer M. Fritzsche sold 430 shares of the firm's stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $173.11, for a total value of $74,437.30. Following the completion of the transaction, the director now directly owns 8,873 shares in the company, valued at approximately $1,536,005.03. This trade represents a 4.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Peter T. Pruitt, Jr. sold 2,900 shares of the stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $175.08, for a total transaction of $507,732.00. Following the completion of the sale, the director now owns 14,533 shares in the company, valued at $2,544,437.64. This represents a 16.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 4.28% of the company's stock.

Dycom Industries Stock Performance

NYSE DY traded down $0.39 on Monday, hitting $176.08. 267,154 shares of the stock traded hands, compared to its average volume of 299,222. The firm has a market capitalization of $5.14 billion, a price-to-earnings ratio of 23.17, a PEG ratio of 1.45 and a beta of 1.43. The business's fifty day moving average is $181.42 and its two-hundred day moving average is $182.11. 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 $109.87 and a 12 month 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.