Thrivent Financial for Lutherans Has $4.50 Million Holdings in Dycom Industries, Inc. (NYSE:DY)

Thrivent Financial for Lutherans reduced its holdings in shares of Dycom Industries, Inc. (NYSE:DY) by 5.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,846 shares of the construction company’s stock after selling 1,305 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.08% of Dycom Industries worth $4,503,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Accent Capital Management LLC acquired a new stake in Dycom Industries during the third quarter worth approximately $25,000. Annapolis Financial Services LLC acquired a new stake in Dycom Industries during the 3rd quarter worth approximately $29,000. Anchor Investment Management LLC boosted its stake in Dycom Industries by 50.4% in the 2nd quarter. Anchor Investment Management LLC now owns 194 shares of the construction company’s stock valued at $33,000 after purchasing an additional 65 shares during the period. GAMMA Investing LLC boosted its position in shares of Dycom Industries by 107.8% in the second 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. Finally, SJS Investment Consulting Inc. increased its holdings in shares of Dycom Industries by 5,071.4% during the second quarter. SJS Investment Consulting Inc. now owns 362 shares of the construction company’s stock worth $61,000 after purchasing an additional 355 shares during the period. 98.33% of the stock is owned by institutional investors and hedge funds.

Dycom Industries Trading Down 1.6 %

Shares of DY opened at $180.30 on Monday. Dycom Industries, Inc. has a fifty-two week low of $99.54 and a fifty-two week high of $207.20. The business has a 50-day moving average of $189.27 and a 200 day moving average of $179.51. The firm has a market cap of $5.25 billion, a P/E ratio of 23.72, a price-to-earnings-growth ratio of 1.52 and a beta of 1.44. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.25 and a current ratio of 3.12.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on DY shares. Wells Fargo & Company boosted their price target on Dycom Industries from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. B. Riley raised their price target on shares of Dycom Industries from $205.00 to $208.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. DA Davidson reissued a “buy” rating and issued a $210.00 price objective on shares of Dycom Industries in a research note on Tuesday, November 19th. KeyCorp raised their target price on Dycom Industries from $200.00 to $227.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Finally, Bank of America upped their price target 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 analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Dycom Industries currently has an average rating of “Buy” and an average price target of $206.13.

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.