NBC Securities Inc. Grows Position in Dycom Industries, Inc. (NYSE:DY)

NBC Securities Inc. grew its stake in shares of Dycom Industries, Inc. (NYSE:DY - Free Report) by 70,784.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,468 shares of the construction company's stock after purchasing an additional 13,449 shares during the period. NBC Securities Inc.'s holdings in Dycom Industries were worth $2,051,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in DY. Barclays PLC increased its stake in Dycom Industries by 279.0% during the 3rd quarter. Barclays PLC now owns 57,923 shares of the construction company's stock valued at $11,419,000 after purchasing an additional 42,641 shares in the last quarter. KBC Group NV grew its holdings in shares of Dycom Industries by 39.2% during the fourth quarter. KBC Group NV now owns 1,214 shares of the construction company's stock valued at $211,000 after buying an additional 342 shares during the last quarter. Guidance Capital Inc. bought a new stake in shares of Dycom Industries during the fourth quarter worth about $464,000. State of Alaska Department of Revenue raised its holdings in shares of Dycom Industries by 29.5% in the 4th quarter. State of Alaska Department of Revenue now owns 21,504 shares of the construction company's stock worth $3,742,000 after acquiring an additional 4,901 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB raised its holdings in shares of Dycom Industries by 11.1% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 561 shares of the construction company's stock worth $98,000 after acquiring an additional 56 shares during the last quarter. Institutional investors own 98.33% of the company's stock.

Dycom Industries Stock Performance

DY stock traded up $5.12 during midday trading on Friday, hitting $242.91. The company's stock had a trading volume of 350,241 shares, compared to its average volume of 416,797. Dycom Industries, Inc. has a 1 year low of $131.37 and a 1 year high of $243.20. The stock has a market cap of $7.03 billion, a price-to-earnings ratio of 31.96, a PEG ratio of 1.29 and a beta of 1.32. The stock's 50-day moving average price is $183.44 and its 200 day moving average price is $177.84. The company has a quick ratio of 2.93, a current ratio of 3.12 and a debt-to-equity ratio of 0.89.

Dycom Industries (NYSE:DY - Get Free Report) last posted 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. Dycom Industries had a net margin of 4.91% and a return on equity of 20.99%. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the prior year, the business earned $2.12 earnings per share. The firm's revenue for the quarter was up 10.2% on a year-over-year basis. On average, equities analysts forecast that Dycom Industries, Inc. will post 7.13 EPS for the current year.

Dycom Industries announced that its Board of Directors has initiated a stock buyback plan on Wednesday, February 26th that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the construction company to purchase up to 3.2% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on DY shares. DA Davidson lifted their price target on Dycom Industries from $220.00 to $265.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. Wall Street Zen cut Dycom Industries from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Wells Fargo & Company increased their price target on Dycom Industries from $215.00 to $250.00 and gave the company an "overweight" rating in a research report on Tuesday, May 27th. JPMorgan Chase & Co. raised their price objective 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, KeyCorp cut their price objective 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. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Dycom Industries has an average rating of "Buy" and an average price target of $241.25.

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.