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

Applied Fundamental Research LLC increased its stake in shares of Dycom Industries, Inc. (NYSE:DY - Free Report) by 48.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 75,526 shares of the construction company's stock after buying an additional 24,495 shares during the period. Dycom Industries comprises about 9.6% of Applied Fundamental Research LLC's holdings, making the stock its 6th biggest position. Applied Fundamental Research LLC owned about 0.26% of Dycom Industries worth $11,506,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. Arizona State Retirement System grew its holdings 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 worth $1,470,000 after acquiring an additional 70 shares during the last quarter. Inceptionr LLC purchased a new position in shares of Dycom Industries during the fourth quarter valued at approximately $229,000. Amundi raised its holdings in shares of Dycom Industries by 190.9% during the fourth quarter. Amundi now owns 14,899 shares of the construction company's stock valued at $2,667,000 after acquiring an additional 9,777 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Dycom Industries by 20.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,183 shares of the construction company's stock worth $1,424,000 after acquiring an additional 1,394 shares during the period. Finally, Inspire Advisors LLC boosted its holdings in Dycom Industries by 2.7% in the fourth quarter. Inspire Advisors LLC now owns 6,940 shares of the construction company's stock valued at $1,208,000 after acquiring an additional 184 shares in the last quarter. Hedge funds and other institutional investors own 98.33% of the company's stock.

Dycom Industries Stock Performance

Shares of DY stock traded up $2.06 on Friday, hitting $252.33. The company had a trading volume of 184,027 shares, compared to its average volume of 423,647. Dycom Industries, Inc. has a twelve month low of $131.37 and a twelve month high of $255.42. The company has a quick ratio of 2.68, a current ratio of 2.89 and a debt-to-equity ratio of 0.80. The firm has a market cap of $7.30 billion, a P/E ratio of 31.98, a price-to-earnings-growth ratio of 1.44 and a beta of 1.32. The company has a 50-day moving average price of $224.58 and a 200-day moving average price of $187.72.

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on DY shares. KeyCorp dropped their price objective on shares of Dycom Industries from $201.00 to $183.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. DA Davidson boosted their price objective on shares of Dycom Industries from $220.00 to $265.00 and gave the company a "buy" rating in a report on Friday, May 23rd. Wells Fargo & Company boosted their target price on shares of Dycom Industries from $215.00 to $250.00 and gave the company an "overweight" rating in a research note on Tuesday, May 27th. Wall Street Zen raised Dycom Industries from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Finally, UBS Group boosted their price target on Dycom Industries from $258.00 to $288.00 and gave the company a "buy" rating in a research note on Thursday. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Dycom Industries presently has an average rating of "Buy" and an average price target of $245.00.

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.