Lisanti Capital Growth LLC Acquires Shares of 22,550 Dycom Industries, Inc. (NYSE:DY)

Lisanti Capital Growth LLC acquired a new position in shares of Dycom Industries, Inc. (NYSE:DY - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 22,550 shares of the construction company's stock, valued at approximately $4,445,000. Lisanti Capital Growth LLC owned 0.08% of Dycom Industries at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of DY. State of New Jersey Common Pension Fund D lifted its holdings in Dycom Industries by 7.2% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 11,401 shares of the construction company's stock worth $2,247,000 after purchasing an additional 767 shares during the last quarter. Crossmark Global Holdings Inc. raised its stake in Dycom Industries by 17.7% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,403 shares of the construction company's stock worth $474,000 after purchasing an additional 362 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Dycom Industries by 4.3% in the 3rd 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 period. Radnor Capital Management LLC acquired a new position in shares of Dycom Industries during the 3rd quarter worth approximately $3,041,000. Finally, Asset Management One Co. Ltd. bought a new position in shares of Dycom Industries during the third quarter worth approximately $3,219,000. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Dycom Industries Price Performance

NYSE:DY traded up $5.30 during midday trading on Monday, hitting $194.93. The company had a trading volume of 290,698 shares, compared to its average volume of 287,195. The stock's fifty day moving average price is $187.16 and its 200-day moving average price is $176.36. Dycom Industries, Inc. has a 52-week low of $82.71 and a 52-week high of $207.20. The company has a quick ratio of 3.25, a current ratio of 3.44 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $5.67 billion, a PE ratio of 23.56, a P/E/G ratio of 1.56 and a beta of 1.44.

Dycom Industries (NYSE:DY - Get Free Report) last issued its quarterly earnings results on Wednesday, August 21st. The construction company reported $2.46 EPS for the quarter, beating analysts' consensus estimates of $2.26 by $0.20. Dycom Industries had a net margin of 5.37% and a return on equity of 22.28%. The business had revenue of $1.20 billion for the quarter, compared to analysts' expectations of $1.20 billion. During the same period last year, the business earned $2.03 earnings per share. The business's quarterly revenue was up 15.5% on a year-over-year basis. As a group, research analysts expect that Dycom Industries, Inc. will post 8.02 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on DY. KeyCorp lifted their price objective on Dycom Industries from $200.00 to $227.00 and gave the company an "overweight" rating in a report on Tuesday, October 8th. B. Riley increased their target price on shares of Dycom Industries from $205.00 to $208.00 and gave the stock a "buy" rating in a report on Thursday, August 22nd. Bank of America lifted their price target on shares of Dycom Industries from $198.00 to $204.00 and gave the company a "buy" rating in a report on Friday, August 23rd. Wells Fargo & Company upped their target price on Dycom Industries from $185.00 to $200.00 and gave the stock an "overweight" rating in a report on Wednesday, July 17th. Finally, StockNews.com downgraded Dycom Industries from a "buy" rating to a "hold" rating in a report on Friday, July 26th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Dycom Industries presently has a consensus rating of "Buy" and a consensus target price of $203.43.

Dycom Industries 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.