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

GSA Capital Partners LLP purchased a new position in shares of Dycom Industries, Inc. (NYSE:DY) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 10,824 shares of the construction company’s stock, valued at approximately $2,133,000.

A number of other institutional investors and hedge funds have also modified their holdings of DY. Annapolis Financial Services LLC acquired a new stake in Dycom Industries in the third quarter valued at $29,000. Allspring Global Investments Holdings LLC acquired a new stake in Dycom Industries in the 1st quarter valued at about $28,000. Anchor Investment Management LLC increased its holdings in Dycom Industries by 50.4% during the 2nd quarter. Anchor Investment Management LLC now owns 194 shares of the construction company’s stock valued at $33,000 after acquiring an additional 65 shares in the last quarter. GAMMA Investing LLC raised its position in Dycom Industries by 107.8% during the second quarter. GAMMA Investing LLC now owns 293 shares of the construction company’s stock worth $49,000 after acquiring an additional 152 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of Dycom Industries by 196.7% in the second quarter. Signaturefd LLC now owns 359 shares of the construction company’s stock valued at $61,000 after purchasing an additional 238 shares in the last quarter. Institutional investors and hedge funds own 98.33% of the company’s stock.

Analysts Set New Price Targets

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

Dycom Industries Stock Performance

Dycom Industries stock opened at $193.48 on Tuesday. The stock has a fifty day moving average price of $187.51 and a 200 day moving average price of $176.73. Dycom Industries, Inc. has a 52 week low of $82.71 and a 52 week high of $207.20. The firm has a market capitalization of $5.63 billion, a P/E ratio of 24.03, a PEG ratio of 1.56 and a beta of 1.44. The company has a current ratio of 3.44, a quick ratio of 3.25 and a debt-to-equity ratio of 0.81.

Dycom Industries (NYSE:DY) last posted its quarterly earnings data on Wednesday, August 21st. The construction company reported $2.46 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.20. Dycom Industries had a net margin of 5.37% and a return on equity of 22.28%. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the prior year, the company posted $2.03 EPS. The company’s quarterly revenue was up 15.5% compared to the same quarter last year. Equities research analysts anticipate that Dycom Industries, Inc. will post 8.02 earnings per share 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.