Dycom Industries, Inc. (NYSE:DY) Shares Bought by Stifel Financial Corp

Stifel Financial Corp increased its stake in shares of Dycom Industries, Inc. (NYSE:DY - Free Report) by 46.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,232 shares of the construction company's stock after purchasing an additional 6,418 shares during the quarter. Stifel Financial Corp owned 0.07% of Dycom Industries worth $3,988,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DY. Accent Capital Management LLC acquired a new position in Dycom Industries during the 3rd quarter worth approximately $25,000. Annapolis Financial Services LLC acquired a new position in Dycom Industries during the third quarter worth $29,000. Anchor Investment Management LLC grew its holdings in Dycom Industries by 50.4% during the second quarter. Anchor Investment Management LLC now owns 194 shares of the construction company's stock worth $33,000 after acquiring an additional 65 shares during the period. First Horizon Advisors Inc. raised its position in Dycom Industries by 25.4% in the third quarter. First Horizon Advisors Inc. now owns 291 shares of the construction company's stock worth $57,000 after acquiring an additional 59 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in Dycom Industries by 196.7% in the second quarter. Signaturefd LLC now owns 359 shares of the construction company's stock valued at $61,000 after acquiring an additional 238 shares during the period. 98.33% of the stock is currently owned by hedge funds and other institutional investors.

Dycom Industries Trading Down 1.5 %

NYSE DY traded down $2.66 during trading hours on Tuesday, hitting $177.05. 546,477 shares of the company's stock were exchanged, compared to its average volume of 312,561. 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 firm has a market capitalization of $5.17 billion, a P/E ratio of 23.29, a price-to-earnings-growth ratio of 1.45 and a beta of 1.41. The business's 50 day moving average is $186.53 and its 200-day moving average is $181.93. Dycom Industries, Inc. has a 12-month low of $107.53 and a 12-month high of $207.20.

Analyst Upgrades and Downgrades

DY has been the topic of several research analyst reports. KeyCorp boosted their price target on Dycom Industries from $200.00 to $227.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 8th. B. Riley upped their target price on Dycom Industries from $205.00 to $208.00 and gave the company a "buy" rating in a report on Thursday, August 22nd. DA Davidson reaffirmed a "buy" rating and issued a $210.00 target price on shares of Dycom Industries in a research note on Tuesday, November 19th. Wells Fargo & Company raised their price target on Dycom Industries from $200.00 to $215.00 and gave the stock an "overweight" rating in a research report on Friday, November 15th. Finally, 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. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and an average target price of $206.13.

About Dycom Industries

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.