Rice Hall James & Associates LLC Raises Holdings in Dycom Industries, Inc. (NYSE:DY)

Rice Hall James & Associates LLC grew its position in Dycom Industries, Inc. (NYSE:DY - Free Report) by 21.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,847 shares of the construction company's stock after purchasing an additional 3,564 shares during the quarter. Rice Hall James & Associates LLC owned approximately 0.07% of Dycom Industries worth $3,023,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Versant Capital Management Inc bought a new position in shares of Dycom Industries during the first quarter worth $28,000. EverSource Wealth Advisors LLC boosted its position in shares of Dycom Industries by 26.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 341 shares of the construction company's stock worth $59,000 after acquiring an additional 71 shares during the last quarter. GeoWealth Management LLC boosted its position in shares of Dycom Industries by 35.9% during the fourth quarter. GeoWealth Management LLC now owns 348 shares of the construction company's stock worth $61,000 after acquiring an additional 92 shares during the last quarter. Anchor Investment Management LLC boosted its position in shares of Dycom Industries by 37.5% during the fourth quarter. Anchor Investment Management LLC now owns 367 shares of the construction company's stock worth $64,000 after acquiring an additional 100 shares during the last quarter. Finally, Federated Hermes Inc. boosted its position in shares of Dycom Industries by 107.0% during the fourth 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 last quarter. 98.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company upped their target price on shares of Dycom Industries from $215.00 to $250.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 27th. UBS Group upped their price target on shares of Dycom Industries from $258.00 to $288.00 and gave the company a "buy" rating in a research note on Thursday, July 10th. DA Davidson upped their price target on shares of Dycom Industries from $220.00 to $265.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. KeyCorp upped their price target on shares of Dycom Industries from $255.00 to $295.00 and gave the company an "overweight" rating in a research note on Wednesday. Finally, Wall Street Zen raised shares of Dycom Industries from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. Eight research 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, the company currently has a consensus rating of "Buy" and an average price target of $259.00.

Dycom Industries Trading Up 0.2%

DY stock traded up $0.39 during trading on Friday, hitting $256.74. The company had a trading volume of 98,182 shares, compared to its average volume of 449,507. The firm has a market capitalization of $7.42 billion, a P/E ratio of 32.57, a PEG ratio of 1.44 and a beta of 1.32. Dycom Industries, Inc. has a 52-week low of $131.37 and a 52-week high of $258.02. The company has a 50 day simple moving average of $231.57 and a 200-day simple moving average of $190.39. The company has a quick ratio of 2.68, a current ratio of 2.89 and a debt-to-equity ratio of 0.80.

Dycom Industries (NYSE:DY - Get Free Report) last posted its earnings results on Wednesday, May 21st. The construction company reported $2.09 EPS for the quarter, beating analysts' consensus estimates of $1.62 by $0.47. Dycom Industries had a net margin of 4.81% and a return on equity of 20.04%. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the firm posted $2.12 EPS. The company's revenue for the quarter was up 10.2% on a year-over-year basis. As a group, research analysts forecast 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.