1,324 Shares in Dycom Industries, Inc. (NYSE:DY) Purchased by Vontobel Holding Ltd.

Vontobel Holding Ltd. acquired a new position in Dycom Industries, Inc. (NYSE:DY) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,324 shares of the construction company’s stock, valued at approximately $261,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of Dycom Industries in the 1st quarter worth approximately $28,000. Anchor Investment Management LLC grew its stake in shares of Dycom Industries by 50.4% in 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 last quarter. GAMMA Investing LLC increased its holdings in shares of Dycom Industries by 107.8% during 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 in the last quarter. Signaturefd LLC raised its position 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 purchasing an additional 238 shares during the last quarter. Finally, SJS Investment Consulting Inc. boosted its stake in Dycom Industries by 5,071.4% in 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. Institutional investors own 98.33% of the company’s stock.

Dycom Industries Stock Down 3.3 %

Dycom Industries stock opened at $196.09 on Wednesday. Dycom Industries, Inc. has a one year low of $78.42 and a one year high of $207.20. The stock has a fifty day moving average of $186.76 and a 200 day moving average of $172.22. The company has a debt-to-equity ratio of 0.81, a quick ratio of 3.25 and a current ratio of 3.44. The stock has a market cap of $5.70 billion, a PE ratio of 25.27, a price-to-earnings-growth ratio of 1.57 and a beta of 1.41.

Dycom Industries (NYSE:DY) last released its quarterly 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 net margin of 5.37% and a return on equity of 22.28%. The business’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.03 EPS. As a group, sell-side analysts predict that Dycom Industries, Inc. will post 8.02 EPS for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on DY. KeyCorp raised their price objective 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. Bank of America boosted their price objective on shares of Dycom Industries from $198.00 to $204.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. StockNews.com downgraded Dycom Industries from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Wells Fargo & Company boosted their price target on 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 increased their price objective on 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 assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Dycom Industries has an average rating of “Buy” and a consensus target price of $203.43.

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.