GSA Capital Partners LLP Purchases Shares of 10,824 Dycom Industries, Inc. (NYSE:DY)

GSA Capital Partners LLP acquired a new stake in Dycom Industries, Inc. (NYSE:DY) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 10,824 shares of the construction company’s stock, valued at approximately $2,133,000.

Other hedge funds have also made changes to their positions in the company. Annapolis Financial Services LLC acquired a new stake in Dycom Industries during the 3rd quarter worth $29,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Dycom Industries during the first quarter worth about $28,000. Anchor Investment Management LLC lifted its holdings in shares of Dycom Industries by 50.4% in the 2nd quarter. Anchor Investment Management LLC now owns 194 shares of the construction company’s stock valued at $33,000 after purchasing an additional 65 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Dycom Industries by 107.8% in the 2nd quarter. GAMMA Investing LLC now owns 293 shares of the construction company’s stock valued at $49,000 after purchasing an additional 152 shares during the last quarter. Finally, Signaturefd LLC boosted its position in shares of Dycom Industries by 196.7% in the 2nd quarter. Signaturefd LLC now owns 359 shares of the construction company’s stock valued at $61,000 after purchasing an additional 238 shares during the period. Hedge funds and other institutional investors own 98.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Wells Fargo & Company boosted their price objective on Dycom Industries from $185.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th. KeyCorp upped their price target on shares of Dycom Industries from $200.00 to $227.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. StockNews.com downgraded shares of Dycom Industries from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. B. Riley upped their target price on shares of Dycom Industries from $205.00 to $208.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Finally, Bank of America raised their price target on Dycom Industries from $198.00 to $204.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Dycom Industries presently has an average rating of “Buy” and a consensus price target of $203.43.

Dycom Industries Stock Up 2.0 %

DY stock opened at $193.48 on Tuesday. The stock has a market capitalization of $5.63 billion, a PE ratio of 24.03, a price-to-earnings-growth ratio of 1.56 and a beta of 1.44. The company has a fifty day moving average of $187.51 and a 200-day moving average of $176.73. 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 one year low of $82.71 and a one year high of $207.20.

Dycom Industries (NYSE:DY) last announced its quarterly earnings data 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. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.20 billion. Dycom Industries had a return on equity of 22.28% and a net margin of 5.37%. The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.03 EPS. As a group, analysts expect that Dycom Industries, Inc. will post 8.02 EPS 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.