Geode Capital Management LLC Boosts Position in Dycom Industries, Inc. (NYSE:DY)

Geode Capital Management LLC raised its holdings in shares of Dycom Industries, Inc. (NYSE:DY) by 1.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 650,883 shares of the construction company’s stock after acquiring an additional 9,113 shares during the period. Geode Capital Management LLC owned approximately 2.24% of Dycom Industries worth $128,315,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Accent Capital Management LLC acquired a new position in Dycom Industries during the third quarter valued at $25,000. Legacy Investment Solutions LLC purchased a new position in shares of Dycom Industries during the 3rd quarter valued at about $28,000. Annapolis Financial Services LLC acquired a new position in shares of Dycom Industries in the 3rd quarter valued at about $29,000. Anchor Investment Management LLC boosted its stake in shares of Dycom Industries by 50.4% in 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. Finally, First Horizon Advisors Inc. grew its holdings in Dycom Industries by 25.4% during the third quarter. First Horizon Advisors Inc. now owns 291 shares of the construction company’s stock worth $57,000 after acquiring an additional 59 shares during the period. 98.33% of the stock is owned by hedge funds and other institutional investors.

Dycom Industries Trading Down 1.5 %

Shares of Dycom Industries stock opened at $177.05 on Wednesday. The company has a current ratio of 3.12, a quick ratio of 2.93 and a debt-to-equity ratio of 0.89. Dycom Industries, Inc. has a twelve month low of $107.53 and a twelve month high of $207.20. The firm has a market capitalization of $5.17 billion, a PE ratio of 23.29, a P/E/G ratio of 1.45 and a beta of 1.41. The firm’s 50-day moving average price is $186.53 and its 200 day moving average price is $181.93.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DY. DA Davidson reissued a “buy” rating and issued a $210.00 price target on shares of Dycom Industries in a report on Tuesday, November 19th. Wells Fargo & Company boosted their target price on shares of Dycom Industries from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Bank of America increased their price target on shares of Dycom Industries from $198.00 to $204.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. B. Riley upped their price objective 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, KeyCorp raised their target price on Dycom Industries from $200.00 to $227.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price 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.