Captrust Financial Advisors Has $421,000 Position in Dycom Industries, Inc. (NYSE:DY)

Captrust Financial Advisors increased its stake in shares of Dycom Industries, Inc. (NYSE:DY) by 4.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,137 shares of the construction company’s stock after buying an additional 94 shares during the quarter. Captrust Financial Advisors’ holdings in Dycom Industries were worth $421,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. FMR LLC boosted its holdings in shares of Dycom Industries by 2.4% in the 3rd quarter. FMR LLC now owns 772,666 shares of the construction company’s stock valued at $152,292,000 after purchasing an additional 17,862 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Dycom Industries by 3.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 20,521 shares of the construction company’s stock valued at $4,045,000 after acquiring an additional 614 shares during the last quarter. Citigroup Inc. lifted its stake in shares of Dycom Industries by 79.6% in the 3rd quarter. Citigroup Inc. now owns 38,289 shares of the construction company’s stock valued at $7,547,000 after acquiring an additional 16,966 shares during the last quarter. Eagle Asset Management Inc. bought a new position in shares of Dycom Industries in the 3rd quarter valued at $13,144,000. Finally, Foundry Partners LLC lifted its stake in shares of Dycom Industries by 53.1% in the 3rd quarter. Foundry Partners LLC now owns 2,906 shares of the construction company’s stock valued at $573,000 after acquiring an additional 1,008 shares during the last quarter. Institutional investors and hedge funds own 98.33% of the company’s stock.

Analysts Set New Price Targets

DY has been the subject of several analyst reports. B. Riley raised their target price on Dycom Industries from $205.00 to $208.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. DA Davidson restated a “buy” rating and issued a $210.00 target price on shares of Dycom Industries in a research note on Tuesday, November 19th. Wells Fargo & Company raised their target price on Dycom Industries from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. KeyCorp lifted their price target on Dycom Industries from $200.00 to $227.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Finally, Bank of America lifted their target price on shares of Dycom Industries from $198.00 to $204.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $206.13.

Dycom Industries Stock Performance

NYSE DY opened at $180.56 on Friday. The company has a 50-day simple moving average of $186.97 and a two-hundred day simple moving average of $181.92. The company has a quick ratio of 2.93, a current ratio of 3.12 and a debt-to-equity ratio of 0.89. Dycom Industries, Inc. has a 12-month low of $107.53 and a 12-month high of $207.20. The firm has a market cap of $5.27 billion, a price-to-earnings ratio of 23.76, a PEG ratio of 1.56 and a beta of 1.41.

About Dycom Industries

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.