Dycom Industries, Inc. (NYSE:DY) is Applied Fundamental Research LLC's 9th Largest Position

Applied Fundamental Research LLC lessened its stake in shares of Dycom Industries, Inc. (NYSE:DY - Free Report) by 36.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 54,555 shares of the construction company's stock after selling 30,710 shares during the quarter. Dycom Industries makes up approximately 6.8% of Applied Fundamental Research LLC's portfolio, making the stock its 9th biggest position. Applied Fundamental Research LLC owned 0.19% of Dycom Industries worth $9,207,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Somerset Trust Co lifted its holdings in Dycom Industries by 1.6% in the 2nd quarter. Somerset Trust Co now owns 4,448 shares of the construction company's stock worth $751,000 after buying an additional 68 shares during the period. Thompson Davis & CO. Inc. raised its holdings in shares of Dycom Industries by 2.9% during the first quarter. Thompson Davis & CO. Inc. now owns 2,675 shares of the construction company's stock valued at $384,000 after acquiring an additional 75 shares in the last quarter. Arizona State Retirement System lifted its stake in Dycom Industries by 1.0% in the second quarter. Arizona State Retirement System now owns 8,145 shares of the construction company's stock worth $1,375,000 after acquiring an additional 82 shares during the period. Inspire Advisors LLC boosted its holdings in Dycom Industries by 1.3% in the second quarter. Inspire Advisors LLC now owns 7,059 shares of the construction company's stock valued at $1,191,000 after acquiring an additional 90 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its position in Dycom Industries by 0.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 14,600 shares of the construction company's stock valued at $2,464,000 after purchasing an additional 100 shares during the period. Institutional investors own 98.33% of the company's stock.

Insider Buying and Selling at Dycom Industries

In related news, VP Jason T. Lawson sold 856 shares of the business's stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $174.48, for a total value of $149,354.88. Following the completion of the transaction, the vice president now directly owns 6,937 shares in the company, valued at approximately $1,210,367.76. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.28% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DY. KeyCorp raised their target price on shares of Dycom Industries from $195.00 to $200.00 and gave the stock an "overweight" rating in a research report on Thursday, August 22nd. Bank of America lifted 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. B. Riley increased their target price on Dycom Industries from $205.00 to $208.00 and gave the stock a "buy" rating in a research report on Thursday, August 22nd. Wells Fargo & Company raised their target price on Dycom Industries from $185.00 to $200.00 and gave the company an "overweight" rating in a research note on Wednesday, July 17th. Finally, StockNews.com lowered Dycom Industries from a "buy" rating to a "hold" rating in a research report on Friday, July 26th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Dycom Industries currently has a consensus rating of "Buy" and a consensus price target of $199.57.

Dycom Industries Stock Up 0.9 %

Shares of DY stock traded up $1.70 during trading hours on Monday, hitting $197.41. 210,500 shares of the company's stock traded hands, compared to its average volume of 279,873. 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 stock has a market cap of $5.74 billion, a price-to-earnings ratio of 25.33, a PEG ratio of 1.96 and a beta of 1.41. The stock's fifty day simple moving average is $180.22 and its two-hundred day simple moving average is $164.18. Dycom Industries, Inc. has a 12-month low of $78.42 and a 12-month high of $199.77.

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

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.