Applied Fundamental Research LLC Has $11.51 Million Stock Position in Dycom Industries, Inc. (NYSE:DY)

Applied Fundamental Research LLC boosted its holdings in Dycom Industries, Inc. (NYSE:DY - Free Report) by 48.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 75,526 shares of the construction company's stock after purchasing an additional 24,495 shares during the quarter. Dycom Industries accounts for about 9.6% of Applied Fundamental Research LLC's portfolio, making the stock its 6th largest holding. Applied Fundamental Research LLC owned approximately 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 bought and sold shares of the company. Arizona State Retirement System raised its position in shares of 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 in the last quarter. Inceptionr LLC bought a new stake in shares of Dycom Industries during the 4th quarter valued at approximately $229,000. Amundi grew its holdings in shares of Dycom Industries by 190.9% during the 4th quarter. Amundi now owns 14,899 shares of the construction company's stock valued at $2,667,000 after purchasing an additional 9,777 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Dycom Industries by 20.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,183 shares of the construction company's stock valued at $1,424,000 after purchasing an additional 1,394 shares during the last quarter. Finally, Inspire Advisors LLC grew its holdings in shares of Dycom Industries by 2.7% during the 4th quarter. Inspire Advisors LLC now owns 6,940 shares of the construction company's stock valued at $1,208,000 after purchasing an additional 184 shares during the last quarter. Institutional investors and hedge funds own 98.33% of the company's stock.

Analyst Ratings Changes

DY has been the topic of several research reports. JPMorgan Chase & Co. lifted their price target on shares of Dycom Industries from $200.00 to $250.00 and gave the company an "overweight" rating in a report on Thursday, May 22nd. KeyCorp decreased their price target on shares of Dycom Industries from $201.00 to $183.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. UBS Group lifted their price target on shares of Dycom Industries from $234.00 to $258.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. Wall Street Zen raised shares of Dycom Industries from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Finally, Raymond James Financial boosted their target price on shares of Dycom Industries from $215.00 to $255.00 and gave the stock a "strong-buy" rating in a report on Thursday, May 22nd. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Dycom Industries has a consensus rating of "Buy" and an average target price of $241.25.

Dycom Industries Price Performance

Shares of DY stock traded down $0.08 during trading hours on Thursday, reaching $252.20. The stock had a trading volume of 60,845 shares, compared to its average volume of 422,687. The stock's fifty day simple moving average is $223.03 and its 200 day simple moving average is $187.20. The company has a current ratio of 2.89, a quick ratio of 2.68 and a debt-to-equity ratio of 0.80. Dycom Industries, Inc. has a 12 month low of $131.37 and a 12 month high of $255.42. The firm has a market capitalization of $7.29 billion, a PE ratio of 31.94, a PEG ratio of 1.42 and a beta of 1.32.

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

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.