Applied Fundamental Research LLC Raises Holdings in Dycom Industries, Inc. (NYSE:DY)

Applied Fundamental Research LLC lifted 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 13F filing with the Securities & Exchange Commission. The fund owned 75,526 shares of the construction company's stock after buying an additional 24,495 shares during the period. Dycom Industries makes up about 9.6% of Applied Fundamental Research LLC's holdings, making the stock its 6th biggest holding. Applied Fundamental Research LLC owned 0.26% of Dycom Industries worth $11,506,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in DY. Corient Private Wealth LLC increased its holdings in Dycom Industries by 0.8% in the 4th quarter. Corient Private Wealth LLC now owns 7,015 shares of the construction company's stock valued at $1,221,000 after purchasing an additional 55 shares in the last quarter. Arizona State Retirement System boosted its position in Dycom Industries by 0.8% in the 4th quarter. Arizona State Retirement System now owns 8,447 shares of the construction company's stock valued at $1,470,000 after buying an additional 70 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Dycom Industries by 26.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 341 shares of the construction company's stock valued at $59,000 after buying an additional 71 shares during the last quarter. Ironwood Investment Management LLC boosted its position in Dycom Industries by 0.6% in the 4th quarter. Ironwood Investment Management LLC now owns 14,795 shares of the construction company's stock valued at $2,575,000 after buying an additional 89 shares during the last quarter. Finally, GeoWealth Management LLC boosted its position in Dycom Industries by 35.9% in the 4th quarter. GeoWealth Management LLC now owns 348 shares of the construction company's stock valued at $61,000 after buying an additional 92 shares during the last quarter. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Dycom Industries Stock Up 0.8%

Shares of DY stock traded up $2.06 during trading hours on Friday, hitting $252.33. 184,027 shares of the company were exchanged, compared to its average volume of 425,462. 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, Inc. has a one year low of $131.37 and a one year high of $255.42. The business's 50-day simple moving average is $226.01 and its two-hundred day simple moving average is $188.34. The stock has a market capitalization of $7.30 billion, a price-to-earnings ratio of 31.98, a P/E/G ratio of 1.44 and a beta of 1.32.

Dycom Industries (NYSE:DY - Get Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The construction company reported $2.09 EPS for the quarter, topping the consensus estimate of $1.62 by $0.47. Dycom Industries had a net margin of 4.81% and a return on equity of 20.04%. The business had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.19 billion. During the same quarter last year, the company posted $2.12 earnings per share. The company's quarterly revenue was up 10.2% compared to the same quarter last year. Sell-side analysts predict that Dycom Industries, Inc. will post 7.13 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Dycom Industries from $200.00 to $250.00 and gave the company an "overweight" rating in a research report on Thursday, May 22nd. DA Davidson upped their price objective on shares of Dycom Industries from $220.00 to $265.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. Wall Street Zen raised shares of Dycom Industries from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. Wells Fargo & Company upped 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. Finally, UBS Group upped their price objective on shares of Dycom Industries from $258.00 to $288.00 and gave the company a "buy" rating in a research report on Thursday. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $245.00.

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.