Hill City Capital LP Grows Holdings in Dycom Industries, Inc. (NYSE:DY)

Hill City Capital LP boosted its position in Dycom Industries, Inc. (NYSE:DY) by 2.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 679,784 shares of the construction company’s stock after purchasing an additional 15,000 shares during the quarter. Dycom Industries makes up approximately 8.8% of Hill City Capital LP’s investment portfolio, making the stock its 3rd largest holding. Hill City Capital LP owned about 2.34% of Dycom Industries worth $133,985,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Accent Capital Management LLC purchased a new position in Dycom Industries in the 3rd quarter worth approximately $25,000. Annapolis Financial Services LLC purchased a new position in Dycom Industries during the third quarter worth approximately $29,000. Anchor Investment Management LLC boosted its stake in Dycom Industries by 50.4% during the second quarter. Anchor Investment Management LLC now owns 194 shares of the construction company’s stock worth $33,000 after buying an additional 65 shares during the last quarter. GAMMA Investing LLC grew its holdings in 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 buying an additional 152 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its holdings in Dycom Industries by 25.4% in the 3rd quarter. First Horizon Advisors Inc. now owns 291 shares of the construction company’s stock valued at $57,000 after buying an additional 59 shares in the last quarter. 98.33% of the stock is owned by institutional investors and hedge funds.

Dycom Industries Stock Up 0.9 %

Dycom Industries stock opened at $182.77 on Tuesday. The company has a market capitalization of $5.33 billion, a PE ratio of 24.05, a price-to-earnings-growth ratio of 1.47 and a beta of 1.41. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.93 and a current ratio of 3.12. Dycom Industries, Inc. has a fifty-two week low of $105.67 and a fifty-two week high of $207.20. The firm has a 50 day moving average price of $187.96 and a 200 day moving average price of $180.84.

Analysts Set New Price Targets

DY has been the topic of several recent research reports. Wells Fargo & Company boosted their price target on shares of Dycom Industries from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Bank of America boosted 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. B. Riley increased their price target on shares of Dycom Industries from $205.00 to $208.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. DA Davidson reaffirmed a “buy” rating and set a $210.00 price target on shares of Dycom Industries in a research report on Tuesday, November 19th. Finally, KeyCorp upped their price objective on Dycom Industries from $200.00 to $227.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $206.13.

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.