Cwm LLC Acquires 181 Shares of Dycom Industries, Inc. (NYSE:DY)

Cwm LLC increased its holdings in Dycom Industries, Inc. (NYSE:DY) by 51.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 531 shares of the construction company’s stock after buying an additional 181 shares during the period. Cwm LLC’s holdings in Dycom Industries were worth $105,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. BNP Paribas Financial Markets boosted its position in shares of Dycom Industries by 33.1% in the first quarter. BNP Paribas Financial Markets now owns 32,256 shares of the construction company’s stock valued at $4,630,000 after acquiring an additional 8,028 shares during the period. Sheets Smith Wealth Management boosted its holdings in Dycom Industries by 100.0% in the 1st quarter. Sheets Smith Wealth Management now owns 7,028 shares of the construction company’s stock valued at $1,009,000 after purchasing an additional 3,514 shares during the period. Vanguard Group Inc. grew its position in shares of Dycom Industries by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 3,183,646 shares of the construction company’s stock valued at $366,406,000 after purchasing an additional 42,121 shares in the last quarter. UniSuper Management Pty Ltd bought a new position in shares of Dycom Industries in the first quarter worth $794,000. Finally, ClariVest Asset Management LLC purchased a new stake in shares of Dycom Industries in the first quarter worth $2,913,000. 98.33% of the stock is currently owned by hedge funds and other institutional investors.

Dycom Industries Price Performance

Shares of Dycom Industries stock opened at $192.02 on Friday. 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 52-week low of $78.42 and a 52-week high of $207.20. The company has a fifty day moving average of $186.98 and a 200-day moving average of $172.89. The stock has a market capitalization of $5.59 billion, a price-to-earnings ratio of 24.74, a price-to-earnings-growth ratio of 1.57 and a beta of 1.41.

Dycom Industries (NYSE:DY) last posted its quarterly earnings results on Wednesday, August 21st. The construction company reported $2.46 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company’s revenue was up 15.5% on a year-over-year basis. During the same period in the prior year, the business posted $2.03 earnings per share. Equities research analysts expect that Dycom Industries, Inc. will post 8.02 EPS for the current year.

Analysts Set New Price Targets

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

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.