Aristotle Capital Boston LLC grew its stake in Dycom Industries, Inc. (NYSE:DY) by 16.4% in the third quarter, Holdings Channel reports. The institutional investor owned 236,318 shares of the construction company’s stock after buying an additional 33,358 shares during the quarter. Dycom Industries makes up approximately 1.5% of Aristotle Capital Boston LLC’s portfolio, making the stock its 11th largest holding. Aristotle Capital Boston LLC’s holdings in Dycom Industries were worth $19,993,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in DY. Principal Financial Group Inc. lifted its position in shares of Dycom Industries by 3.2% in the first quarter. Principal Financial Group Inc. now owns 135,182 shares of the construction company’s stock worth $14,550,000 after buying an additional 4,205 shares during the last quarter. Alps Advisors Inc. bought a new position in shares of Dycom Industries in the second quarter worth about $661,000. Kornitzer Capital Management Inc. KS increased its stake in shares of Dycom Industries by 51.9% in the second quarter. Kornitzer Capital Management Inc. KS now owns 90,330 shares of the construction company’s stock worth $8,537,000 after purchasing an additional 30,845 shares during the period. Virginia Retirement Systems ET AL bought a new position in shares of Dycom Industries in the second quarter worth about $501,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Dycom Industries in the second quarter worth about $796,000. 99.21% of the stock is owned by institutional investors.

Shares of DY opened at $60.23 on Friday. Dycom Industries, Inc. has a 12-month low of $57.49 and a 12-month high of $123.99. The company has a debt-to-equity ratio of 1.06, a quick ratio of 3.48 and a current ratio of 3.78. The stock has a market cap of $1.91 billion, a P/E ratio of 21.77, a PEG ratio of 2.54 and a beta of 1.44.

Dycom Industries (NYSE:DY) last issued its quarterly earnings results on Tuesday, November 20th. The construction company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.08. Dycom Industries had a return on equity of 11.38% and a net margin of 3.79%. The firm had revenue of $848.20 million for the quarter, compared to analyst estimates of $806.88 million. During the same period in the previous year, the company posted $0.99 earnings per share. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. Analysts anticipate that Dycom Industries, Inc. will post 2.83 EPS for the current fiscal year.

Dycom Industries declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, August 29th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the construction company to repurchase up to 6.3% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

A number of equities analysts have recently commented on the company. Canaccord Genuity reiterated a “buy” rating and issued a $90.00 price objective (down from $120.00) on shares of Dycom Industries in a research note on Tuesday, August 14th. Craig Hallum lowered Dycom Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, August 14th. Zacks Investment Research reiterated a “buy” rating and issued a $75.00 price objective on shares of Dycom Industries in a research note on Tuesday, November 13th. B. Riley reiterated a “neutral” rating and issued a $84.00 price objective (up from $75.00) on shares of Dycom Industries in a research note on Thursday, September 27th. Finally, DA Davidson dropped their price objective on Dycom Industries to $77.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $96.70.

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Dycom Industries Profile

Dycom Industries, Inc provides specialty contracting services in the United States and Canada. The company offers various specialty contracting services, including program management, engineering, construction, maintenance, and installation services, such as placement and splicing of fiber, copper, and coaxial cables to telecommunications providers.

Read More: Stock Symbols and CUSIP Explained

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Institutional Ownership by Quarter for Dycom Industries (NYSE:DY)

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