JPMorgan Chase & Co. Raises Holdings in Dycom Industries, Inc. (NYSE:DY)

JPMorgan Chase & Co. grew its position in shares of Dycom Industries, Inc. (NYSE:DY) by 65.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 80,320 shares of the construction company’s stock after purchasing an additional 31,864 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.28% of Dycom Industries worth $15,831,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Accent Capital Management LLC acquired a new stake in shares of Dycom Industries during the third quarter worth about $25,000. Annapolis Financial Services LLC acquired a new stake in shares of Dycom Industries during the third quarter worth about $29,000. Legacy Investment Solutions LLC acquired a new stake in shares of Dycom Industries during the third quarter worth about $28,000. Anchor Investment Management LLC lifted its position in Dycom Industries by 50.4% in the second 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. Finally, SOA Wealth Advisors LLC. acquired a new stake in Dycom Industries in the third quarter valued at about $39,000. Hedge funds and other institutional investors own 98.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on DY shares. KeyCorp raised their price objective on shares of Dycom Industries from $227.00 to $229.00 and gave the company an “overweight” rating in a research report on Wednesday. DA Davidson restated a “buy” rating and issued a $210.00 price objective on shares of Dycom Industries in a research report on Tuesday, November 19th. Finally, Wells Fargo & Company raised their price objective on shares of Dycom Industries from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $206.38.

Dycom Industries Trading Down 1.4 %

Shares of Dycom Industries stock opened at $176.54 on Friday. Dycom Industries, Inc. has a 12-month low of $109.87 and a 12-month high of $207.20. The company has a current ratio of 3.12, a quick ratio of 2.93 and a debt-to-equity ratio of 0.89. The stock has a market cap of $5.15 billion, a PE ratio of 23.23, a price-to-earnings-growth ratio of 1.45 and a beta of 1.43. The company has a 50-day moving average of $181.40 and a two-hundred day moving average of $181.84.

Insider Buying and Selling at Dycom Industries

In other news, Director Jennifer M. Fritzsche sold 430 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $173.11, for a total transaction of $74,437.30. Following the completion of the transaction, the director now directly owns 8,873 shares of the company’s stock, valued at $1,536,005.03. This trade represents a 4.62 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Peter T. Pruitt, Jr. sold 2,900 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $175.08, for a total transaction of $507,732.00. Following the transaction, the director now directly owns 14,533 shares of the company’s stock, valued at approximately $2,544,437.64. This trade represents a 16.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.28% of the stock is currently owned by corporate insiders.

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.