1,694 Shares in Dycom Industries, Inc. (NYSE:DY) Bought by Thoroughbred Financial Services LLC

Thoroughbred Financial Services LLC bought a new stake in Dycom Industries, Inc. (NYSE:DY) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,694 shares of the construction company’s stock, valued at approximately $285,000.

Several other institutional investors also recently made changes to their positions in DY. Allspring Global Investments Holdings LLC acquired a new stake in shares of Dycom Industries in the first quarter valued at about $28,000. GAMMA Investing LLC lifted its position in shares of Dycom Industries by 107.8% during the 2nd quarter. GAMMA Investing LLC now owns 293 shares of the construction company’s stock valued at $49,000 after acquiring an additional 152 shares during the period. SJS Investment Consulting Inc. boosted its stake in shares of Dycom Industries by 5,071.4% during 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. Signaturefd LLC grew its holdings in shares of Dycom Industries by 196.7% in the 2nd quarter. Signaturefd LLC now owns 359 shares of the construction company’s stock worth $61,000 after acquiring an additional 238 shares during the period. Finally, Headlands Technologies LLC purchased a new position in Dycom Industries in the 1st quarter valued at approximately $72,000. 98.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on DY. Wells Fargo & Company upped 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. Bank of America raised their target price 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. B. Riley upped their price target on shares of Dycom Industries from $205.00 to $208.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. KeyCorp lifted their price objective on Dycom Industries from $195.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Finally, StockNews.com cut Dycom Industries from a “buy” rating to a “hold” rating in a report on Friday, July 26th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Dycom Industries has a consensus rating of “Buy” and an average price target of $199.57.

Dycom Industries Trading Up 1.5 %

Shares of DY opened at $188.20 on Wednesday. Dycom Industries, Inc. has a fifty-two week low of $78.42 and a fifty-two week high of $196.34. The company has a market capitalization of $5.48 billion, a PE ratio of 24.25, a price-to-earnings-growth ratio of 1.96 and a beta of 1.41. The stock has a fifty day moving average of $178.72 and a two-hundred day moving average of $162.43. 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 (NYSE:DY) last released its earnings results on Wednesday, August 21st. The construction company reported $2.46 EPS for the quarter, beating the consensus estimate of $2.26 by $0.20. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.20 billion. Dycom Industries had a return on equity of 22.28% and a net margin of 5.37%. The business’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.03 earnings per share. As a group, analysts forecast that Dycom Industries, Inc. will post 8.02 EPS for the current year.

Insider Buying and Selling

In other Dycom Industries news, VP Jason T. Lawson sold 856 shares of the stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $174.48, for a total transaction of $149,354.88. Following the transaction, the vice president now owns 6,937 shares of the company’s stock, valued at $1,210,367.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 4.28% of the company’s stock.

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.