Prudent Man Advisors LLC Acquires New Shares in Dycom Industries, Inc. (NYSE:DY)

Prudent Man Advisors LLC acquired a new position in shares of Dycom Industries, Inc. (NYSE:DY - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 1,356 shares of the construction company's stock, valued at approximately $207,000.

Other large investors have also recently added to or reduced their stakes in the company. KBC Group NV boosted its position in shares of Dycom Industries by 18.9% during the first quarter. KBC Group NV now owns 1,443 shares of the construction company's stock worth $220,000 after buying an additional 229 shares during the period. SG Americas Securities LLC bought a new stake in Dycom Industries during the 1st quarter valued at $342,000. Public Employees Retirement System of Ohio raised its stake in Dycom Industries by 105.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 1,114 shares of the construction company's stock valued at $194,000 after acquiring an additional 572 shares in the last quarter. J. Goldman & Co LP boosted its position in Dycom Industries by 25.4% during the 4th quarter. J. Goldman & Co LP now owns 90,253 shares of the construction company's stock worth $15,709,000 after acquiring an additional 18,289 shares during the period. Finally, Pictet Asset Management Holding SA grew its stake in shares of Dycom Industries by 8.4% in the fourth quarter. Pictet Asset Management Holding SA now owns 4,190 shares of the construction company's stock worth $729,000 after purchasing an additional 324 shares in the last quarter. 98.33% of the stock is owned by institutional investors and hedge funds.

Dycom Industries Price Performance

Shares of NYSE DY opened at $252.33 on Monday. Dycom Industries, Inc. has a twelve month low of $131.37 and a twelve 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. The firm has a 50-day moving average of $226.01 and a two-hundred day moving average of $188.41. The company has a market capitalization of $7.30 billion, a price-to-earnings ratio of 31.98, a PEG ratio of 1.44 and a beta of 1.32.

Dycom Industries (NYSE:DY - Get Free Report) last released its earnings results 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 business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.19 billion. Dycom Industries had a net margin of 4.81% and a return on equity of 20.04%. The business's quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the business earned $2.12 earnings per share. As a group, analysts expect that Dycom Industries, Inc. will post 7.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on DY shares. B. Riley lifted their price objective on shares of Dycom Industries from $200.00 to $265.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. Wells Fargo & Company raised their target price on shares of Dycom Industries from $215.00 to $250.00 and gave the company an "overweight" rating in a research note on Tuesday, May 27th. JPMorgan Chase & Co. upped their price target on shares of Dycom Industries from $200.00 to $250.00 and gave the stock an "overweight" rating in a research note on Thursday, May 22nd. UBS Group increased their price objective on shares of Dycom Industries from $258.00 to $288.00 and gave the company a "buy" rating in a report on Thursday. Finally, Wall Street Zen raised Dycom Industries from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Eight equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Dycom Industries presently has a consensus rating of "Buy" and a consensus price target of $245.00.

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.

Want to see what other hedge funds are holding DY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dycom Industries, Inc. (NYSE:DY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.