Swiss National Bank Has $11.20 Million Stock Position in Dycom Industries, Inc. (NYSE:DY)

Swiss National Bank reduced its holdings in Dycom Industries, Inc. (NYSE:DY) by 0.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,800 shares of the construction company’s stock after selling 500 shares during the period. Swiss National Bank owned about 0.20% of Dycom Industries worth $11,195,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Interval Partners LP purchased a new position in shares of Dycom Industries during the 1st quarter valued at $5,247,000. Janus Henderson Group PLC grew its stake in Dycom Industries by 168.5% in the first quarter. Janus Henderson Group PLC now owns 36,835 shares of the construction company’s stock valued at $5,287,000 after purchasing an additional 23,117 shares in the last quarter. Hsbc Holdings PLC increased its position in Dycom Industries by 193.7% in the 2nd quarter. Hsbc Holdings PLC now owns 7,819 shares of the construction company’s stock worth $1,317,000 after purchasing an additional 5,157 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Dycom Industries by 2,353.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 158,988 shares of the construction company’s stock worth $26,831,000 after purchasing an additional 152,509 shares in the last quarter. Finally, Creative Planning lifted its holdings in shares of Dycom Industries by 19.2% during the 3rd quarter. Creative Planning now owns 6,560 shares of the construction company’s stock valued at $1,293,000 after buying an additional 1,055 shares during the last quarter. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Dycom Industries Price Performance

NYSE DY opened at $180.30 on Friday. The stock has a 50-day simple moving average of $189.27 and a 200 day simple moving average of $179.07. Dycom Industries, Inc. has a twelve month low of $99.54 and a twelve month high of $207.20. The stock has a market capitalization of $5.25 billion, a PE ratio of 23.72, a P/E/G 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.

Dycom Industries (NYSE:DY) last posted its quarterly earnings data on Wednesday, August 21st. The construction company reported $2.46 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.20. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Dycom Industries had a return on equity of 20.99% and a net margin of 4.91%. Dycom Industries’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same period in the prior year, the business earned $2.03 earnings per share. Research analysts anticipate that Dycom Industries, Inc. will post 7.96 EPS for the current year.

Analysts Set New Price Targets

DY has been the topic of a number of research reports. Wells Fargo & Company increased their price objective on Dycom Industries from $200.00 to $215.00 and gave the stock an “overweight” rating in a report 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 report on Thursday, August 22nd. 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 report on Friday, August 23rd. KeyCorp raised their target price on Dycom Industries from $200.00 to $227.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Finally, DA Davidson reiterated a “buy” rating and set a $210.00 price target on shares of Dycom Industries in a research note on Tuesday, November 19th. One equities research 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. Based on data from MarketBeat, Dycom Industries has a consensus rating of “Buy” and a consensus 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.