2,242 Shares in Dycom Industries, Inc. (NYSE:DY) Acquired by SG Americas Securities LLC

SG Americas Securities LLC acquired a new stake in shares of Dycom Industries, Inc. (NYSE:DY - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 2,242 shares of the construction company's stock, valued at approximately $342,000.

A number of other large investors also recently 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 holdings 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 last quarter. GeoWealth Management LLC boosted its holdings in shares of Dycom Industries by 35.9% during the 4th quarter. GeoWealth Management LLC now owns 348 shares of the construction company's stock valued at $61,000 after purchasing an additional 92 shares during the last quarter. Anchor Investment Management LLC grew 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 valued at $64,000 after purchasing an additional 100 shares in the last quarter. Finally, Federated Hermes Inc. increased its holdings in shares of Dycom Industries by 107.0% in the fourth quarter. Federated Hermes Inc. now owns 387 shares of the construction company's stock worth $67,000 after purchasing an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 98.33% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on DY. UBS Group raised their price target on Dycom Industries from $234.00 to $258.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. KeyCorp cut their target price on shares of Dycom Industries from $201.00 to $183.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. DA Davidson boosted their price target on shares of Dycom Industries from $220.00 to $265.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Raymond James Financial increased their price objective on shares of Dycom Industries from $215.00 to $255.00 and gave the company a "strong-buy" rating in a research report on Thursday, May 22nd. Finally, Wells Fargo & Company lifted their price objective on shares of Dycom Industries from $215.00 to $250.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 27th. Eight equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $241.25.

Dycom Industries Trading Up 2.5%

Shares of DY stock traded up $6.09 during trading hours on Friday, reaching $245.46. 518,899 shares of the stock were exchanged, compared to its average volume of 421,801. The company has a current ratio of 2.89, a quick ratio of 2.68 and a debt-to-equity ratio of 0.80. Dycom Industries, Inc. has a 12-month low of $131.37 and a 12-month high of $245.78. The firm has a market capitalization of $7.10 billion, a price-to-earnings ratio of 31.11, a price-to-earnings-growth ratio of 1.37 and a beta of 1.32. The company's 50-day moving average price is $209.17 and its 200-day moving average price is $183.17.

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 analysts' consensus estimates of $1.62 by $0.47. Dycom Industries had a return on equity of 20.04% and a net margin of 4.81%. The firm had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.19 billion. During the same quarter in the prior year, the firm posted $2.12 earnings per share. The company's quarterly revenue was up 10.2% on a year-over-year basis. As a group, equities analysts anticipate that Dycom Industries, Inc. will post 7.13 earnings per share for the current year.

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.