Applied Fundamental Research LLC Acquires 24,495 Shares of Dycom Industries, Inc. (NYSE:DY)

Applied Fundamental Research LLC raised its position in shares of Dycom Industries, Inc. (NYSE:DY - Free Report) by 48.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 75,526 shares of the construction company's stock after acquiring an additional 24,495 shares during the period. Dycom Industries makes up 9.6% of Applied Fundamental Research LLC's portfolio, making the stock its 6th biggest position. Applied Fundamental Research LLC owned about 0.26% of Dycom Industries worth $11,506,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc acquired a new stake in Dycom Industries during the 1st quarter valued at $28,000. EverSource Wealth Advisors LLC increased its position in shares of Dycom Industries by 26.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 341 shares of the construction company's stock worth $59,000 after acquiring an additional 71 shares during the last quarter. GeoWealth Management LLC lifted its stake in shares of Dycom Industries by 35.9% in the fourth quarter. GeoWealth Management LLC now owns 348 shares of the construction company's stock worth $61,000 after acquiring an additional 92 shares in the last quarter. Anchor Investment Management LLC boosted its holdings in Dycom Industries by 37.5% in the fourth quarter. Anchor Investment Management LLC now owns 367 shares of the construction company's stock valued at $64,000 after purchasing an additional 100 shares during the last quarter. Finally, Federated Hermes Inc. increased its holdings in Dycom Industries by 107.0% during the 4th quarter. Federated Hermes Inc. now owns 387 shares of the construction company's stock worth $67,000 after purchasing an additional 200 shares during the last quarter. 98.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DY has been the subject of several research reports. DA Davidson lifted their target price on Dycom Industries from $220.00 to $265.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Raymond James Financial raised their price target on shares of Dycom Industries from $215.00 to $255.00 and gave the stock a "strong-buy" rating in a research report on Thursday, May 22nd. Wells Fargo & Company boosted their price objective on shares of Dycom Industries from $215.00 to $250.00 and gave the company an "overweight" rating in a research report on Tuesday, May 27th. UBS Group increased their price objective on shares of Dycom Industries from $234.00 to $258.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Finally, KeyCorp decreased their target price on Dycom Industries from $201.00 to $183.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Eight equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Dycom Industries currently has an average rating of "Buy" and a consensus price target of $241.25.

Dycom Industries Trading Down 1.0%

Dycom Industries stock opened at $249.50 on Wednesday. The firm has a market cap of $7.22 billion, a price-to-earnings ratio of 31.62, a price-to-earnings-growth ratio of 1.44 and a beta of 1.32. Dycom Industries, Inc. has a 1 year low of $131.37 and a 1 year high of $255.42. The firm's 50 day moving average price is $221.34 and its two-hundred day moving average price is $186.75. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.68 and a current ratio of 2.89.

Dycom Industries (NYSE:DY - Get Free Report) last announced its earnings results on Wednesday, May 21st. The construction company reported $2.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.62 by $0.47. Dycom Industries had a return on equity of 20.04% and a net margin of 4.81%. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period in the previous year, the firm earned $2.12 earnings per share. Dycom Industries's revenue for the quarter was up 10.2% compared to the same quarter last year. On average, research analysts predict that Dycom Industries, Inc. will post 7.13 EPS for the current fiscal year.

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.

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