Universal Beteiligungs und Servicegesellschaft mbH Invests $483,000 in Dycom Industries, Inc. (NYSE:DY)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Dycom Industries, Inc., purchasing 3,170 shares valued at approximately $483,000 in the first quarter.
• In the fourth quarter, several institutional investors increased their stakes in Dycom Industries, with American Century Companies Inc. raising its position by 108.1%.
• Dycom Industries reported a quarterly earnings per share of $2.09, exceeding analysts' expectations and achieving a revenue of $1.26 billion, reflecting a 10.2% year-over-year growth.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Dycom Industries, Inc. (NYSE:DY - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 3,170 shares of the construction company's stock, valued at approximately $483,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Y Intercept Hong Kong Ltd lifted its position in shares of Dycom Industries by 15.4% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 4,822 shares of the construction company's stock worth $735,000 after purchasing an additional 643 shares during the last quarter. Guidance Capital Inc. lifted its position in shares of Dycom Industries by 18.9% during the 1st quarter. Guidance Capital Inc. now owns 2,861 shares of the construction company's stock worth $436,000 after purchasing an additional 455 shares during the last quarter. Archer Investment Corp purchased a new stake in shares of Dycom Industries during the 1st quarter worth $99,000. Bailard Inc. purchased a new stake in shares of Dycom Industries during the 1st quarter worth $518,000. Finally, OVERSEA CHINESE BANKING Corp Ltd lifted its position in shares of Dycom Industries by 851.6% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 475,637 shares of the construction company's stock worth $72,459,000 after purchasing an additional 425,652 shares during the last quarter. Institutional investors and hedge funds own 98.33% of the company's stock.

Analyst Upgrades and Downgrades

DY has been the subject of a number of research reports. Wells Fargo & Company boosted 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 lifted their price objective on shares of Dycom Industries from $255.00 to $295.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. DA Davidson lifted their price objective 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. Raymond James Financial lifted 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 note on Thursday, May 22nd. Finally, Wall Street Zen upgraded shares of Dycom Industries from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Dycom Industries has an average rating of "Buy" and a consensus price target of $259.00.

Dycom Industries Price Performance

Shares of DY stock traded up $2.51 during midday trading on Tuesday, reaching $267.49. 184,984 shares of the company were exchanged, compared to its average volume of 434,980. Dycom Industries, Inc. has a 12 month low of $131.37 and a 12 month high of $271.80. The company has a market cap of $7.74 billion, a P/E ratio of 33.90, a PEG ratio of 1.50 and a beta of 1.34. The company's 50 day moving average price is $245.83 and its two-hundred day moving average price is $197.42. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.68 and a current ratio of 2.89.

Dycom Industries (NYSE:DY - Get Free Report) last released its quarterly earnings results on Wednesday, May 21st. The construction company reported $2.09 EPS for the quarter, topping analysts' consensus estimates of $1.62 by $0.47. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.19 billion. Dycom Industries had a net margin of 4.81% and a return on equity of 20.04%. Dycom Industries's revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the firm earned $2.12 EPS. On average, sell-side analysts expect 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.