Dycom Industries, Inc. (NYSE:DY) is Hill City Capital LP's 3rd Largest Position

Hill City Capital LP lifted its stake in shares of Dycom Industries, Inc. (NYSE:DY - Free Report) by 2.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 679,784 shares of the construction company's stock after acquiring an additional 15,000 shares during the quarter. Dycom Industries makes up approximately 8.8% of Hill City Capital LP's holdings, making the stock its 3rd biggest position. Hill City Capital LP owned about 2.34% of Dycom Industries worth $133,985,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DY. Millennium Management LLC grew its holdings in Dycom Industries by 6.3% during the 2nd quarter. Millennium Management LLC now owns 1,631,453 shares of the construction company's stock valued at $275,324,000 after buying an additional 96,846 shares in the last quarter. FMR LLC grew its position in shares of Dycom Industries by 2.4% during the third quarter. FMR LLC now owns 772,666 shares of the construction company's stock valued at $152,292,000 after purchasing an additional 17,862 shares in the last quarter. Principal Financial Group Inc. increased 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 worth $131,278,000 after purchasing an additional 27,370 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Dycom Industries by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 230,216 shares of the construction company's stock worth $38,851,000 after buying an additional 971 shares in the last quarter. Finally, Appian Way Asset Management LP boosted its stake in Dycom Industries by 17.5% during the third quarter. Appian Way Asset Management LP now owns 202,551 shares of the construction company's stock valued at $39,923,000 after buying an additional 30,207 shares during the last quarter. 98.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. 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 report on Thursday, August 22nd. DA Davidson reiterated a "buy" rating and issued a $210.00 price target on shares of Dycom Industries in a research report on Tuesday, November 19th. KeyCorp boosted their price objective on 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 boosted their price objective on shares of Dycom Industries from $198.00 to $204.00 and gave the company a "buy" rating in a research report on Friday, August 23rd. Finally, Wells Fargo & Company upped 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 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 MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $206.13.

Dycom Industries Stock Up 4.4 %

Shares of Dycom Industries stock traded up $8.00 on Tuesday, reaching $190.77. The stock had a trading volume of 665,287 shares, compared to its average volume of 304,378. Dycom Industries, Inc. has a 1 year low of $105.67 and a 1 year high of $207.20. The company has a 50 day moving average price of $187.96 and a 200 day moving average price of $180.84. The company has a quick ratio of 2.93, a current ratio of 3.12 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $5.57 billion, a P/E ratio of 24.05, a P/E/G ratio of 1.47 and a beta of 1.41.

About Dycom Industries

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.