Victory Capital Management Inc. boosted its holdings in shares of Dycom Industries, Inc. (NYSE:DY - Free Report) by 61.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,906 shares of the construction company's stock after acquiring an additional 5,303 shares during the period. Victory Capital Management Inc.'s holdings in Dycom Industries were worth $2,741,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the business. Interval Partners LP purchased a new stake in shares of Dycom Industries in the first quarter valued at approximately $5,247,000. Janus Henderson Group PLC boosted its stake in Dycom Industries by 168.5% during the first quarter. Janus Henderson Group PLC now owns 36,835 shares of the construction company's stock worth $5,287,000 after buying an additional 23,117 shares during the last quarter. Hsbc Holdings PLC grew its holdings in Dycom Industries by 193.7% in the 2nd quarter. Hsbc Holdings PLC now owns 7,819 shares of the construction company's stock valued at $1,317,000 after buying an additional 5,157 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Dycom Industries by 2,353.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 158,988 shares of the construction company's stock worth $26,831,000 after acquiring an additional 152,509 shares during the last quarter. Finally, Creative Planning increased its stake in shares of Dycom Industries by 19.2% in the 3rd quarter. Creative Planning now owns 6,560 shares of the construction company's stock worth $1,293,000 after acquiring an additional 1,055 shares during the last quarter. Institutional investors and hedge funds own 98.33% of the company's stock.
Dycom Industries stock opened at $180.30 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.25 and a current ratio of 3.12. The firm has a 50 day moving average price of $189.27 and a 200 day moving average price of $179.07. Dycom Industries, Inc. has a fifty-two week low of $99.54 and a fifty-two week high of $207.20. The company has a market capitalization of $5.25 billion, a PE ratio of 23.72, a price-to-earnings-growth ratio of 1.52 and a beta of 1.44.
Dycom Industries (NYSE:DY - Get Free Report) last posted its earnings results on Wednesday, August 21st. The construction company reported $2.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.20. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.20 billion. Dycom Industries had a return on equity of 20.99% and a net margin of 4.91%. Dycom Industries's revenue was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.03 EPS. Research analysts expect that Dycom Industries, Inc. will post 7.96 earnings per share for the current year.
Several research analysts have recently weighed in on the stock. 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 research report on Friday, August 23rd. KeyCorp boosted their target price on shares of Dycom Industries from $200.00 to $227.00 and gave the company an "overweight" rating in a report on Tuesday, October 8th. Wells Fargo & Company raised their price target on shares of Dycom Industries from $200.00 to $215.00 and gave the stock an "overweight" rating in a report on Friday, November 15th. B. Riley upped their price objective on Dycom Industries from $205.00 to $208.00 and gave the company a "buy" rating in a report on Thursday, August 22nd. Finally, DA Davidson reiterated a "buy" rating and issued a $210.00 price objective on shares of Dycom Industries in a research report on Tuesday, November 19th. One 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 stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $206.13.
Read Our Latest Stock Report on 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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