Intech Investment Management LLC Invests $1.52 Million in Dycom Industries, Inc. (NYSE:DY)

Intech Investment Management LLC purchased a new stake in Dycom Industries, Inc. (NYSE:DY - Free Report) in the third quarter, according to its most recent filing with the SEC. The fund purchased 7,692 shares of the construction company's stock, valued at approximately $1,516,000.

A number of other institutional investors have also made changes to their positions in DY. Accent Capital Management LLC bought a new stake in shares of Dycom Industries in the 3rd quarter valued at approximately $25,000. Annapolis Financial Services LLC acquired a new position in Dycom Industries during the 3rd quarter valued at approximately $29,000. Anchor Investment Management LLC boosted its position in Dycom Industries by 50.4% during the 2nd 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 period. GAMMA Investing LLC boosted its position in Dycom Industries by 107.8% during the 2nd quarter. GAMMA Investing LLC now owns 293 shares of the construction company's stock valued at $49,000 after purchasing an additional 152 shares during the period. Finally, First Horizon Advisors Inc. boosted its position in Dycom Industries by 25.4% during the 3rd 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 during the period. 98.33% of the stock is currently owned by institutional investors.

Dycom Industries Price Performance

Shares of DY traded down $1.30 during midday trading on Tuesday, reaching $180.25. The stock had a trading volume of 439,363 shares, compared to its average volume of 303,932. Dycom Industries, Inc. has a 52 week low of $99.54 and a 52 week high of $207.20. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.12 and a quick ratio of 2.93. The firm's 50 day moving average price is $189.19 and its 200-day moving average price is $179.73. The company has a market capitalization of $5.26 billion, a P/E ratio of 23.78, a P/E/G ratio of 1.47 and a beta of 1.44.

Analyst Ratings Changes

A number of research analysts recently issued reports on DY shares. Bank of America boosted their price objective on Dycom Industries from $198.00 to $204.00 and gave the company a "buy" rating in a research report on Friday, August 23rd. Wells Fargo & Company boosted their price objective on Dycom Industries from $200.00 to $215.00 and gave the company an "overweight" rating in a research report on Friday, November 15th. KeyCorp boosted their price target on Dycom Industries from $200.00 to $227.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 8th. DA Davidson reiterated a "buy" rating and set a $210.00 price target on shares of Dycom Industries in a research report on Tuesday, November 19th. Finally, B. Riley boosted their price target on Dycom Industries from $205.00 to $208.00 and gave the stock a "buy" rating in a research report on Thursday, August 22nd. One equities 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's stock. According to data from MarketBeat.com, the company presently 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.