UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 6,182 Shares of Dycom Industries, Inc. (NYSE:DY)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in Dycom Industries, Inc. (NYSE:DY - Free Report) by 10.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,943 shares of the construction company's stock after selling 6,182 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.18% of Dycom Industries worth $10,435,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Accent Capital Management LLC bought a new position in shares of Dycom Industries during the third quarter valued at approximately $25,000. Annapolis Financial Services LLC bought a new position in shares of Dycom Industries during the third quarter valued at approximately $29,000. Anchor Investment Management LLC raised 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 valued at $33,000 after acquiring an additional 65 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Dycom Industries by 107.8% during the second quarter. GAMMA Investing LLC now owns 293 shares of the construction company's stock valued at $49,000 after acquiring an additional 152 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its holdings in shares of Dycom Industries by 25.4% during the third quarter. First Horizon Advisors Inc. now owns 291 shares of the construction company's stock valued at $57,000 after acquiring an additional 59 shares in the last quarter. Institutional investors own 98.33% of the company's stock.

Dycom Industries Stock Down 4.7 %

Shares of NYSE DY traded down $9.14 during trading on Monday, reaching $183.47. The company had a trading volume of 410,888 shares, compared to its average volume of 305,765. Dycom Industries, Inc. has a 12-month low of $107.53 and a 12-month high of $207.20. The stock has a market cap of $5.35 billion, a PE ratio of 24.14, a P/E/G ratio of 1.56 and a beta of 1.41. The business's 50-day moving average is $187.60 and its 200 day moving average is $181.95. The company has a quick ratio of 2.93, a current ratio of 3.12 and a debt-to-equity ratio of 0.89.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on DY shares. Bank of America upped their target price on Dycom Industries from $198.00 to $204.00 and gave the company a "buy" rating in a report on Friday, August 23rd. KeyCorp upped 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. DA Davidson reaffirmed a "buy" rating and issued a $210.00 price target on shares of Dycom Industries in a research note on Tuesday, November 19th. B. Riley upped their price target on Dycom Industries from $205.00 to $208.00 and gave the stock a "buy" rating in a research note on Thursday, August 22nd. Finally, Wells Fargo & Company upped 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. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $206.13.

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.