Yousif Capital Management LLC grew its stake in Dycom Industries, Inc. (NYSE:DY – Free Report) by 10.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,589 shares of the construction company’s stock after acquiring an additional 1,517 shares during the quarter. Yousif Capital Management LLC owned about 0.06% of Dycom Industries worth $1,554,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Dycom Industries by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 2,753,480 shares of the construction company’s stock valued at $263,040,000 after buying an additional 18,125 shares in the last quarter. Alliancebernstein L.P. grew its stake in Dycom Industries by 43.5% during the 4th quarter. Alliancebernstein L.P. now owns 1,728,780 shares of the construction company’s stock worth $161,814,000 after buying an additional 524,292 shares during the last quarter. State Street Corp boosted its holdings in Dycom Industries by 4.1% in the first quarter. State Street Corp now owns 951,063 shares of the construction company’s stock worth $90,598,000 after acquiring an additional 37,181 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Dycom Industries by 149.4% during the fourth quarter. Millennium Management LLC now owns 883,489 shares of the construction company’s stock valued at $82,695,000 after acquiring an additional 529,178 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Dycom Industries by 3.8% during the 4th quarter. Geode Capital Management LLC now owns 523,441 shares of the construction company’s stock valued at $48,994,000 after purchasing an additional 19,085 shares in the last quarter. 97.67% of the stock is owned by institutional investors.
Dycom Industries Stock Performance
DY opened at $99.58 on Tuesday. The firm has a fifty day moving average price of $106.88 and a 200 day moving average price of $97.70. Dycom Industries, Inc. has a 1 year low of $77.33 and a 1 year high of $122.13. The stock has a market cap of $2.92 billion, a P/E ratio of 17.11 and a beta of 1.32. The company has a debt-to-equity ratio of 0.90, a current ratio of 3.43 and a quick ratio of 3.16.
Analyst Ratings Changes
A number of analysts have commented on DY shares. Wells Fargo & Company raised Dycom Industries from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $105.00 to $120.00 in a research report on Thursday, May 25th. DA Davidson reiterated a “buy” rating on shares of Dycom Industries in a research report on Wednesday, May 31st. B. Riley reiterated a “neutral” rating and issued a $111.00 price target (down previously from $134.00) on shares of Dycom Industries in a report on Wednesday, July 26th. StockNews.com cut shares of Dycom Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th. Finally, Raymond James started coverage on shares of Dycom Industries in a research note on Wednesday, May 31st. They issued an “outperform” rating and a $120.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Dycom Industries has an average rating of “Moderate Buy” and a consensus price target of $125.00.
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.
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