Entropy Technologies LP Acquires New Holdings in Dycom Industries, Inc. (NYSE:DY)

Entropy Technologies LP acquired a new stake in Dycom Industries, Inc. (NYSE:DY - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 1,637 shares of the construction company's stock, valued at approximately $249,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Dycom Industries in the 1st quarter valued at approximately $1,355,000. Citigroup Inc. grew its position in shares of Dycom Industries by 2.2% in the 1st quarter. Citigroup Inc. now owns 45,830 shares of the construction company's stock valued at $6,982,000 after purchasing an additional 989 shares during the period. CenterBook Partners LP acquired a new position in shares of Dycom Industries in the 1st quarter valued at approximately $1,052,000. Reaves W H & Co. Inc. grew its position in shares of Dycom Industries by 20.2% in the 1st quarter. Reaves W H & Co. Inc. now owns 141,108 shares of the construction company's stock valued at $21,496,000 after purchasing an additional 23,679 shares during the period. Finally, OVERSEA CHINESE BANKING Corp Ltd grew its position in shares of Dycom Industries by 0.5% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 50,220 shares of the construction company's stock valued at $7,650,000 after purchasing an additional 235 shares during the period. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on DY shares. UBS Group boosted their price objective on Dycom Industries from $258.00 to $288.00 and gave the company a "buy" rating in a research report on Thursday, July 10th. KeyCorp boosted their target price on Dycom Industries from $255.00 to $295.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. DA Davidson boosted their target price on Dycom Industries from $220.00 to $265.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. JPMorgan Chase & Co. boosted their target price on Dycom Industries from $200.00 to $250.00 and gave the company an "overweight" rating in a research note on Thursday, May 22nd. Finally, B. Riley boosted their target price on Dycom Industries from $200.00 to $265.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Dycom Industries has a consensus rating of "Buy" and an average price target of $259.00.

Dycom Industries Trading Down 2.0%

NYSE DY opened at $268.42 on Friday. Dycom Industries, Inc. has a 52 week low of $131.37 and a 52 week high of $285.64. The stock has a market capitalization of $7.76 billion, a price-to-earnings ratio of 34.02, a PEG ratio of 1.56 and a beta of 1.34. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.68 and a current ratio of 2.89. The stock's 50 day moving average price is $252.61 and its two-hundred day moving average price is $201.95.

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 the consensus estimate of $1.62 by $0.47. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.19 billion. Dycom Industries had a return on equity of 20.04% and a net margin of 4.81%. The firm's revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.12 EPS. As a group, analysts anticipate that Dycom Industries, Inc. will post 7.13 earnings per share for the current fiscal 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.

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