State Street Corp Increases Stock Position in Dycom Industries, Inc. (NYSE:DY)

State Street Corp lifted its holdings in Dycom Industries, Inc. (NYSE:DY - Free Report) by 4.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,158,585 shares of the construction company's stock after buying an additional 44,321 shares during the quarter. State Street Corp owned 3.98% of Dycom Industries worth $228,357,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DY. SG Americas Securities LLC increased its holdings in Dycom Industries by 56.2% in the second quarter. SG Americas Securities LLC now owns 10,572 shares of the construction company's stock valued at $1,784,000 after buying an additional 3,805 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Dycom Industries by 2,353.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 158,988 shares of the construction company's stock worth $26,831,000 after acquiring an additional 152,509 shares during the period. MeadowBrook Investment Advisors LLC increased its stake in Dycom Industries by 267.0% in the 2nd quarter. MeadowBrook Investment Advisors LLC now owns 1,890 shares of the construction company's stock valued at $319,000 after purchasing an additional 1,375 shares in the last quarter. Thompson Davis & CO. Inc. raised its holdings in Dycom Industries by 171.6% during the second quarter. Thompson Davis & CO. Inc. now owns 7,265 shares of the construction company's stock worth $1,226,000 after purchasing an additional 4,590 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in Dycom Industries by 0.7% during the second quarter. Louisiana State Employees Retirement System now owns 14,600 shares of the construction company's stock worth $2,464,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 98.33% of the company's stock.

Dycom Industries Trading Up 0.8 %

NYSE DY traded up $1.36 during mid-day trading on Thursday, reaching $180.56. 556,170 shares of the stock were exchanged, compared to its average volume of 308,883. The business's fifty day simple moving average is $186.97 and its 200 day simple moving average is $181.92. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.93 and a current ratio of 3.12. The stock has a market capitalization of $5.27 billion, a PE ratio of 23.76, a PEG ratio of 1.56 and a beta of 1.41. Dycom Industries, Inc. has a 1-year low of $107.53 and a 1-year high of $207.20.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Wells Fargo & Company lifted their price target on Dycom Industries from $200.00 to $215.00 and gave the stock an "overweight" rating in a research note on Friday, November 15th. DA Davidson restated a "buy" rating and set a $210.00 target price on shares of Dycom Industries in a research report on Tuesday, November 19th. KeyCorp increased their price target on shares of Dycom Industries from $200.00 to $227.00 and gave the company an "overweight" rating in a research report on Tuesday, October 8th. Bank of America lifted their price objective on Dycom Industries from $198.00 to $204.00 and gave the stock a "buy" rating in a research report on Friday, August 23rd. Finally, B. Riley upped their target price on Dycom Industries from $205.00 to $208.00 and gave the company a "buy" rating in a research note 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 assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price 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.