Fmr LLC Buys 17,862 Shares of Dycom Industries, Inc. (NYSE:DY)

Fmr LLC lifted its stake in shares of Dycom Industries, Inc. (NYSE:DY) by 2.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 772,666 shares of the construction company’s stock after acquiring an additional 17,862 shares during the period. Fmr LLC owned approximately 2.66% of Dycom Industries worth $152,292,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in DY. Accent Capital Management LLC bought a new position in Dycom Industries during the 3rd quarter worth about $25,000. Annapolis Financial Services LLC bought a new position in shares of Dycom Industries during the third quarter worth about $29,000. Anchor Investment Management LLC raised its position 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 buying an additional 65 shares during the last quarter. GAMMA Investing LLC lifted its stake in Dycom Industries by 107.8% in the 2nd 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. Finally, First Horizon Advisors Inc. lifted its stake in Dycom Industries by 25.4% in the 3rd quarter. First Horizon Advisors Inc. now owns 291 shares of the construction company’s stock valued at $57,000 after acquiring an additional 59 shares in the last quarter. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Dycom Industries Price Performance

Shares of NYSE DY opened at $190.94 on Wednesday. The company has a quick ratio of 2.93, a current ratio of 3.12 and a debt-to-equity ratio of 0.89. The business’s 50 day moving average price is $187.85 and its two-hundred day moving average price is $181.14. The company has a market cap of $5.57 billion, a PE ratio of 25.12, a price-to-earnings-growth ratio of 1.48 and a beta of 1.41. Dycom Industries, Inc. has a twelve month low of $105.67 and a twelve month high of $207.20.

Wall Street Analyst Weigh In

DY has been the topic of a number of recent research reports. DA Davidson reiterated a “buy” rating and issued a $210.00 price objective on shares of Dycom Industries in a report on Tuesday, November 19th. B. Riley boosted their price target 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. Wells Fargo & Company increased their price objective on shares of Dycom Industries from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Bank of America lifted their target price on Dycom Industries from $198.00 to $204.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Finally, KeyCorp increased their price target on Dycom Industries from $200.00 to $227.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. One equities research 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $206.13.

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.