Prudent Man Advisors LLC Takes Position 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 Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,356 shares of the construction company's stock, valued at approximately $207,000.

A number of other hedge funds have also modified their holdings of the business. CWM LLC grew its stake in Dycom Industries by 40.7% in the 1st quarter. CWM LLC now owns 785 shares of the construction company's stock worth $120,000 after acquiring an additional 227 shares during the period. New York State Common Retirement Fund lifted its holdings in Dycom Industries by 30.8% in the 1st quarter. New York State Common Retirement Fund now owns 81,052 shares of the construction company's stock worth $12,347,000 after buying an additional 19,107 shares in the last quarter. Callahan Advisors LLC lifted its holdings in Dycom Industries by 14.2% in the 1st quarter. Callahan Advisors LLC now owns 35,926 shares of the construction company's stock worth $5,473,000 after buying an additional 4,478 shares in the last quarter. Xponance Inc. raised its stake in shares of Dycom Industries by 5.7% in the 1st quarter. Xponance Inc. now owns 2,163 shares of the construction company's stock valued at $330,000 after purchasing an additional 116 shares in the last quarter. Finally, Applied Fundamental Research LLC raised its stake in shares of Dycom Industries by 48.0% in the 1st quarter. Applied Fundamental Research LLC now owns 75,526 shares of the construction company's stock valued at $11,506,000 after purchasing an additional 24,495 shares in the last quarter. 98.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DY has been the topic of several research reports. JPMorgan Chase & Co. increased their price objective 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. Wells Fargo & Company upped their price target on shares of Dycom Industries from $215.00 to $250.00 and gave the company an "overweight" rating in a research report on Tuesday, May 27th. KeyCorp increased their target price on shares of Dycom Industries from $255.00 to $295.00 and gave the stock an "overweight" rating in a research report on Wednesday. Raymond James Financial raised their price target on shares of Dycom Industries from $215.00 to $255.00 and gave the company a "strong-buy" rating in a report on Thursday, May 22nd. Finally, B. Riley raised their price target on shares of Dycom Industries from $200.00 to $265.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Eight investment 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.com, the company presently has an average rating of "Buy" and a consensus target price of $259.00.

Dycom Industries Price Performance

Shares of NYSE DY traded up $3.76 during trading on Thursday, reaching $256.58. The company had a trading volume of 234,866 shares, compared to its average volume of 424,376. Dycom Industries, Inc. has a 52 week low of $131.37 and a 52 week high of $257.36. The business's 50 day moving average price is $231.57 and its 200-day moving average price is $190.39. 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 has a market cap of $7.42 billion, a PE ratio of 32.52, a PEG ratio of 1.44 and a beta of 1.32.

Dycom Industries (NYSE:DY - Get Free Report) last issued its quarterly earnings data 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 analysts' expectations of $1.19 billion. Dycom Industries had a net margin of 4.81% and a return on equity of 20.04%. The business's revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.12 earnings per share. Analysts expect that Dycom Industries, Inc. will post 7.13 earnings per share for the current 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.