Dycom Industries, Inc. (NYSE:DY) Shares Acquired by Callahan Advisors LLC

Callahan Advisors LLC raised its position in shares of Dycom Industries, Inc. (NYSE:DY - Free Report) by 14.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,926 shares of the construction company's stock after acquiring an additional 4,478 shares during the quarter. Callahan Advisors LLC owned approximately 0.12% of Dycom Industries worth $5,473,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Corient Private Wealth LLC increased its stake in Dycom Industries by 0.8% during the fourth quarter. Corient Private Wealth LLC now owns 7,015 shares of the construction company's stock worth $1,221,000 after acquiring an additional 55 shares during the last quarter. Arizona State Retirement System increased its stake in Dycom Industries by 0.8% during the fourth 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. EverSource Wealth Advisors LLC increased its stake in 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. Ironwood Investment Management LLC increased its stake in Dycom Industries by 0.6% during the fourth quarter. Ironwood Investment Management LLC now owns 14,795 shares of the construction company's stock worth $2,575,000 after acquiring an additional 89 shares during the last quarter. Finally, GeoWealth Management LLC increased its stake in Dycom Industries by 35.9% during 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 during the last quarter. Institutional investors and hedge funds own 98.33% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. UBS Group raised their target price on Dycom Industries from $258.00 to $288.00 and gave the stock a "buy" rating in a research note on Thursday. Raymond James Financial raised their target price on Dycom Industries from $215.00 to $255.00 and gave the stock a "strong-buy" rating in a research note on Thursday, May 22nd. JPMorgan Chase & Co. raised their target price on Dycom Industries from $200.00 to $250.00 and gave the stock an "overweight" rating in a research note on Thursday, May 22nd. DA Davidson raised their price target on Dycom Industries from $220.00 to $265.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Finally, KeyCorp lowered their price target 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. Eight equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $245.00.

Dycom Industries Stock Up 0.8%

NYSE:DY traded up $2.06 during midday trading on Friday, reaching $252.33. The company had a trading volume of 184,027 shares, compared to its average volume of 424,616. The firm has a market capitalization of $7.30 billion, a price-to-earnings ratio of 31.98, a PEG ratio of 1.43 and a beta of 1.32. The stock's fifty day simple moving average is $226.01 and its 200-day simple moving average is $188.25. Dycom Industries, Inc. has a 12-month low of $131.37 and a 12-month high of $255.42. 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 (NYSE:DY - Get Free Report) last released its earnings results on Wednesday, May 21st. The construction company reported $2.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.62 by $0.47. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.19 billion. Dycom Industries had a return on equity of 20.04% and a net margin of 4.81%. Dycom Industries's revenue was up 10.2% compared to the same quarter last year. During the same period last year, the business posted $2.12 earnings per share. On average, sell-side analysts anticipate that Dycom Industries, Inc. will post 7.13 earnings per share 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.