Tidal Investments LLC Has $2.54 Million Stock Holdings in Dycom Industries, Inc. (NYSE:DY)

Tidal Investments LLC decreased its stake in shares of Dycom Industries, Inc. (NYSE:DY - Free Report) by 24.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 12,906 shares of the construction company's stock after selling 4,245 shares during the period. Tidal Investments LLC's holdings in Dycom Industries were worth $2,544,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Ironwood Investment Management LLC grew its position in shares of Dycom Industries by 0.4% in the second quarter. Ironwood Investment Management LLC now owns 14,625 shares of the construction company's stock valued at $2,468,000 after purchasing an additional 58 shares during the last quarter. First Horizon Advisors Inc. increased its position in Dycom Industries by 25.4% in the 3rd quarter. First Horizon Advisors Inc. now owns 291 shares of the construction company's stock worth $57,000 after buying an additional 59 shares during the period. Anchor Investment Management LLC lifted its holdings in shares of 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 buying an additional 65 shares during the last quarter. HighTower Advisors LLC boosted its position in shares of Dycom Industries by 4.5% in the third quarter. HighTower Advisors LLC now owns 1,858 shares of the construction company's stock valued at $366,000 after acquiring an additional 80 shares during the period. Finally, Arizona State Retirement System grew its stake in shares of 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 last quarter. 98.33% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. B. Riley boosted their price target on Dycom Industries from $205.00 to $208.00 and gave the company a "buy" rating in a research note on Thursday, August 22nd. DA Davidson reiterated a "buy" rating and set a $210.00 price target on shares of Dycom Industries in a research note on Tuesday, November 19th. Bank of America boosted 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. KeyCorp boosted 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, Wells Fargo & Company increased their price objective on Dycom Industries from $200.00 to $215.00 and gave the stock an "overweight" rating in a research note on Friday, November 15th. 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 company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $206.13.

Dycom Industries Trading Up 0.2 %

NYSE:DY traded up $0.30 during trading hours on Monday, hitting $179.78. 681,358 shares of the stock were exchanged, compared to its average volume of 311,637. The company's 50 day moving average is $186.53 and its two-hundred day moving average is $181.93. The company has a market capitalization of $5.25 billion, a P/E ratio of 23.66, a price-to-earnings-growth ratio of 1.45 and a beta of 1.41. Dycom Industries, Inc. has a twelve month low of $107.53 and a twelve month high of $207.20. The company has a quick ratio of 2.93, a current ratio of 3.12 and a debt-to-equity ratio of 0.89.

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.