Braun Stacey Associates Inc. Purchases New Position in Dycom Industries, Inc. (NYSE:DY)

Braun Stacey Associates Inc. acquired a new position in shares of Dycom Industries, Inc. (NYSE:DY) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 28,993 shares of the construction company’s stock, valued at approximately $5,715,000. Braun Stacey Associates Inc. owned about 0.10% of Dycom Industries as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in DY. Allspring Global Investments Holdings LLC purchased a new stake in Dycom Industries in the 1st quarter valued at $28,000. Avantax Advisory Services Inc. acquired a new stake in Dycom Industries during the 1st quarter worth approximately $220,000. ProShare Advisors LLC grew its position in Dycom Industries by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 5,796 shares of the construction company’s stock valued at $832,000 after buying an additional 399 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Dycom Industries by 0.4% in the first quarter. Vanguard Group Inc. now owns 3,196,041 shares of the construction company’s stock valued at $458,728,000 after acquiring an additional 12,395 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC acquired a new position in Dycom Industries during the 1st quarter worth approximately $250,000. Institutional investors and hedge funds own 98.33% of the company’s stock.

Dycom Industries Stock Up 1.5 %

NYSE DY opened at $187.52 on Monday. The firm has a 50-day simple moving average of $188.73 and a 200 day simple moving average of $178.01. The company has a debt-to-equity ratio of 0.81, a quick ratio of 3.25 and a current ratio of 3.44. Dycom Industries, Inc. has a twelve month low of $84.83 and a twelve month high of $207.20. The stock has a market cap of $5.46 billion, a PE ratio of 23.29, a PEG ratio of 1.55 and a beta of 1.44.

Dycom Industries (NYSE:DY) last announced its quarterly earnings results on Wednesday, August 21st. The construction company reported $2.46 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.20. Dycom Industries had a return on equity of 22.28% and a net margin of 5.37%. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the prior year, the business posted $2.03 earnings per share. The business’s revenue was up 15.5% compared to the same quarter last year. On average, research analysts forecast that Dycom Industries, Inc. will post 7.96 EPS for the current year.

Analysts Set New Price Targets

DY has been the subject of several recent analyst reports. Wells Fargo & Company raised their price objective on shares of Dycom Industries from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Friday. Bank of America upped their target price on shares of Dycom Industries from $198.00 to $204.00 and gave the company a “buy” rating in a report on Friday, August 23rd. KeyCorp lifted their price objective on Dycom Industries from $200.00 to $227.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. B. Riley upped their price target on shares of Dycom Industries from $205.00 to $208.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Finally, StockNews.com lowered Dycom Industries from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $205.57.

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.