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

Applied Fundamental Research LLC lifted its stake in shares of Dycom Industries, Inc. (NYSE:DY - Free Report) by 48.0% in the first quarter, according to its most recent filing with the SEC. The fund 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 investment portfolio, 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 hedge funds also recently made changes to their positions in the stock. Versant Capital Management Inc bought a new position in shares of Dycom Industries during the 1st quarter valued at about $28,000. EverSource Wealth Advisors LLC raised 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 worth $59,000 after purchasing an additional 71 shares during the period. GeoWealth Management LLC raised 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 worth $61,000 after purchasing an additional 92 shares during the period. Anchor Investment Management LLC raised its position in Dycom Industries by 37.5% in the 4th quarter. Anchor Investment Management LLC now owns 367 shares of the construction company's stock worth $64,000 after purchasing an additional 100 shares during the period. Finally, Federated Hermes Inc. raised its position in Dycom Industries by 107.0% in 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 period. 98.33% of the stock is owned by institutional investors.

Dycom Industries Trading Down 0.7%

NYSE:DY traded down $1.83 during trading hours on Thursday, hitting $250.45. The company had a trading volume of 225,011 shares, compared to its average volume of 424,606. The company has a market capitalization of $7.24 billion, a PE ratio of 31.74, a price-to-earnings-growth ratio of 1.44 and a beta of 1.32. The stock has a 50-day moving average price of $224.58 and a 200 day moving average price of $187.72. Dycom Industries, Inc. has a 52 week low of $131.37 and a 52 week high of $255.42. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.89 and a quick ratio of 2.68.

Dycom Industries (NYSE:DY - Get Free Report) last released its quarterly earnings results on Wednesday, May 21st. The construction company reported $2.09 earnings per share for the quarter, beating the consensus estimate 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 firm's revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.12 earnings per share. On average, equities research analysts predict that Dycom Industries, Inc. will post 7.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on DY shares. Wall Street Zen upgraded shares of Dycom Industries from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. B. Riley boosted their price objective on Dycom Industries from $200.00 to $265.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. KeyCorp lowered their price objective on Dycom Industries from $201.00 to $183.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. JPMorgan Chase & Co. boosted their price objective on Dycom Industries from $200.00 to $250.00 and gave the company an "overweight" rating in a research report on Thursday, May 22nd. Finally, Wells Fargo & Company boosted their price objective on Dycom Industries from $215.00 to $250.00 and gave the company an "overweight" rating in a research report on Tuesday, May 27th. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price 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.