FLC Capital Advisors Purchases New Shares in Dycom Industries, Inc. (NYSE:DY)

FLC Capital Advisors acquired a new stake in shares of Dycom Industries, Inc. (NYSE:DY) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,137 shares of the construction company’s stock, valued at approximately $224,000.

Several other hedge funds have also recently modified their holdings of the business. Allspring Global Investments Holdings LLC bought a new stake in shares of Dycom Industries in the first quarter worth $28,000. Annapolis Financial Services LLC purchased a new stake in shares of Dycom Industries in the third quarter worth approximately $29,000. Anchor Investment Management LLC raised its holdings in shares of Dycom Industries by 50.4% in 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 period. GAMMA Investing LLC boosted its stake 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 purchasing an additional 152 shares in the last quarter. Finally, SJS Investment Consulting Inc. raised its position in shares of Dycom Industries by 5,071.4% in the 2nd quarter. SJS Investment Consulting Inc. now owns 362 shares of the construction company’s stock worth $61,000 after acquiring an additional 355 shares in the last quarter. Hedge funds and other institutional investors own 98.33% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on DY. StockNews.com downgraded Dycom Industries from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. KeyCorp upped their price objective on Dycom Industries from $200.00 to $227.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. B. Riley upped their price objective on Dycom Industries from $205.00 to $208.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Wells Fargo & Company increased their target price on Dycom Industries from $185.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. Finally, Bank of America raised their price objective on Dycom Industries from $198.00 to $204.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $203.43.

Dycom Industries Trading Up 5.9 %

NYSE DY opened at $199.03 on Thursday. The firm’s 50 day moving average price is $185.18 and its two-hundred day moving average price is $170.17. The company has a debt-to-equity ratio of 0.81, a quick ratio of 3.25 and a current ratio of 3.44. Dycom Industries, Inc. has a twelve month low of $78.42 and a twelve month high of $200.52. The stock has a market cap of $5.79 billion, a price-to-earnings ratio of 25.65, a PEG ratio of 1.57 and a beta of 1.41.

Dycom Industries (NYSE:DY) last announced its quarterly earnings data on Wednesday, August 21st. The construction company reported $2.46 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.20. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.20 billion. Dycom Industries had a net margin of 5.37% and a return on equity of 22.28%. The firm’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.03 earnings per share. Equities analysts anticipate that Dycom Industries, Inc. will post 8.02 EPS for the current year.

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.