HWG Holdings LP Invests $3.20 Million in Dycom Industries, Inc. (NYSE:DY)

HWG Holdings LP acquired a new position in Dycom Industries, Inc. (NYSE:DY - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 16,225 shares of the construction company's stock, valued at approximately $3,198,000. Dycom Industries makes up about 1.1% of HWG Holdings LP's investment portfolio, making the stock its 26th biggest position. HWG Holdings LP owned about 0.06% of Dycom Industries as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ironwood Investment Management LLC lifted its position in Dycom Industries by 0.4% during the 2nd quarter. Ironwood Investment Management LLC now owns 14,625 shares of the construction company's stock worth $2,468,000 after acquiring an additional 58 shares during the period. Anchor Investment Management LLC raised its stake in shares of 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 buying an additional 65 shares during the last quarter. Somerset Trust Co raised its stake in shares of Dycom Industries by 1.6% during the 2nd quarter. Somerset Trust Co now owns 4,448 shares of the construction company's stock valued at $751,000 after buying an additional 68 shares during the last quarter. Thompson Davis & CO. Inc. raised its stake in shares of Dycom Industries by 2.9% during the 1st quarter. Thompson Davis & CO. Inc. now owns 2,675 shares of the construction company's stock valued at $384,000 after buying an additional 75 shares during the last quarter. Finally, Arizona State Retirement System raised its stake in shares of Dycom Industries by 1.0% during the 2nd quarter. Arizona State Retirement System now owns 8,145 shares of the construction company's stock valued at $1,375,000 after buying an additional 82 shares during the last quarter. Institutional investors and hedge funds own 98.33% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on DY. B. Riley lifted their price objective on Dycom Industries from $205.00 to $208.00 and gave the company a "buy" rating in a research note on Thursday, August 22nd. Wells Fargo & Company lifted their price target on Dycom Industries from $185.00 to $200.00 and gave the company an "overweight" rating in a research note on Wednesday, July 17th. Bank of America lifted their price target on Dycom Industries from $198.00 to $204.00 and gave the company a "buy" rating in a research note on Friday, August 23rd. KeyCorp lifted their price target on Dycom Industries from $200.00 to $227.00 and gave the company an "overweight" rating in a research note on Tuesday, October 8th. Finally, StockNews.com lowered Dycom Industries from a "buy" rating to a "hold" rating in a research note on Friday, July 26th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $203.43.

Dycom Industries Price Performance

NYSE:DY traded down $3.27 during trading hours on Friday, hitting $192.02. 200,690 shares of the stock were exchanged, compared to its average volume of 273,820. Dycom Industries, Inc. has a 52-week low of $78.42 and a 52-week high of $207.20. The firm's fifty day moving average price is $187.01 and its 200 day moving average price is $172.54. The company has a current ratio of 3.44, a quick ratio of 3.25 and a debt-to-equity ratio of 0.81. The company has a market cap of $5.59 billion, a P/E ratio of 24.74, a P/E/G ratio of 1.57 and a beta of 1.41.

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

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.