Harbour Capital Advisors LLC Boosts Stock Holdings in Dycom Industries, Inc. (NYSE:DY)

Harbour Capital Advisors LLC raised its position in shares of Dycom Industries, Inc. (NYSE:DY - Free Report) by 57.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,725 shares of the construction company's stock after purchasing an additional 2,450 shares during the period. Harbour Capital Advisors LLC's holdings in Dycom Industries were worth $995,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of DY. Versant Capital Management Inc bought a new position in shares of Dycom Industries in the first quarter worth $28,000. EverSource Wealth Advisors LLC raised its stake in shares of Dycom Industries by 26.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 341 shares of the construction company's stock valued at $59,000 after purchasing an additional 71 shares during the period. GeoWealth Management LLC lifted its holdings in Dycom Industries by 35.9% during 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 in the last quarter. Anchor Investment Management LLC boosted its stake 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. increased its holdings in Dycom Industries by 107.0% during the 4th quarter. Federated Hermes Inc. now owns 387 shares of the construction company's stock worth $67,000 after acquiring an additional 200 shares during the period. 98.33% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DY has been the topic of several research analyst reports. 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 boosted their target price on Dycom Industries from $234.00 to $258.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Wall Street Zen raised Dycom Industries from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. JPMorgan Chase & Co. lifted their price target 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, Raymond James Financial upped their price objective on shares of Dycom Industries from $215.00 to $255.00 and gave the stock a "strong-buy" rating in a research report on Thursday, May 22nd. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Dycom Industries has a consensus rating of "Buy" and an average target price of $241.25.

Dycom Industries Price Performance

DY stock traded down $1.26 during mid-day trading on Wednesday, hitting $237.55. 18,400 shares of the stock were exchanged, compared to its average volume of 419,647. The business has a fifty day moving average price of $203.98 and a 200 day moving average price of $181.96. Dycom Industries, Inc. has a 12 month low of $131.37 and a 12 month high of $243.38. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.89 and a quick ratio of 2.68. The stock has a market capitalization of $6.87 billion, a price-to-earnings ratio of 30.12, a PEG ratio of 1.34 and a beta of 1.32.

Dycom Industries (NYSE:DY - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The construction company reported $2.09 earnings per share for the quarter, beating analysts' consensus estimates of $1.62 by $0.47. The company had revenue of $1.26 billion for the quarter, compared to analysts' expectations 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 for the quarter was up 10.2% compared to the same quarter last year. During the same period last year, the firm posted $2.12 EPS. On average, sell-side analysts anticipate that Dycom Industries, Inc. will post 7.13 EPS for the current year.

Dycom Industries announced that its Board of Directors has authorized a share buyback program on Wednesday, February 26th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the construction company to purchase up to 3.2% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its stock is undervalued.

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.