Connor Clark & Lunn Investment Management Ltd. Invests $269,000 in Dycom Industries, Inc. (NYSE:DY)

Connor Clark & Lunn Investment Management Ltd. bought a new stake in Dycom Industries, Inc. (NYSE:DY) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 1,366 shares of the construction company’s stock, valued at approximately $269,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DY. Accent Capital Management LLC acquired a new position in Dycom Industries during the 3rd quarter worth approximately $25,000. Annapolis Financial Services LLC acquired a new position in Dycom Industries during the third quarter worth $29,000. Anchor Investment Management LLC grew its holdings in Dycom Industries by 50.4% during the second quarter. Anchor Investment Management LLC now owns 194 shares of the construction company’s stock worth $33,000 after acquiring an additional 65 shares during the period. GAMMA Investing LLC boosted 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 worth $49,000 after purchasing an additional 152 shares in the last quarter. Finally, SJS Investment Consulting Inc. boosted its position 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 purchasing an additional 355 shares in the last quarter. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on DY shares. B. Riley lifted their target price on shares of Dycom Industries from $205.00 to $208.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Bank of America lifted their price objective on Dycom Industries from $198.00 to $204.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. KeyCorp upped their target price on 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 raised their price target on Dycom Industries from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Finally, DA Davidson reissued a “buy” rating and issued a $210.00 price target on shares of Dycom Industries in a report on Tuesday, November 19th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $206.13.

Dycom Industries Price Performance

NYSE DY opened at $181.16 on Monday. Dycom Industries, Inc. has a fifty-two week low of $100.27 and a fifty-two week high of $207.20. The stock’s 50-day moving average is $188.25 and its two-hundred day moving average is $180.59. The firm has a market cap of $5.29 billion, a P/E ratio of 23.84, a price-to-earnings-growth ratio of 1.47 and a beta of 1.44. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.12 and a quick ratio of 2.93.

Dycom Industries 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.