UBS Asset Management Americas Inc. raised its position in Dycom Industries, Inc. (NYSE:DY) by 0.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,784 shares of the construction company’s stock after acquiring an additional 15 shares during the quarter. UBS Asset Management Americas Inc. owned approximately 0.06% of Dycom Industries worth $1,592,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Thrivent Financial For Lutherans lifted its stake in Dycom Industries by 4.0% in the second quarter. Thrivent Financial For Lutherans now owns 6,230 shares of the construction company’s stock valued at $558,000 after acquiring an additional 240 shares during the last quarter. Amalgamated Bank lifted its stake in Dycom Industries by 4.6% in the second quarter. Amalgamated Bank now owns 4,404 shares of the construction company’s stock valued at $394,000 after acquiring an additional 192 shares during the last quarter. Nationwide Fund Advisors lifted its stake in Dycom Industries by 1.9% in the second quarter. Nationwide Fund Advisors now owns 96,042 shares of the construction company’s stock valued at $8,598,000 after acquiring an additional 1,814 shares during the last quarter. Dorsey & Whitney Trust CO LLC lifted its stake in Dycom Industries by 12.2% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 3,518 shares of the construction company’s stock valued at $315,000 after acquiring an additional 383 shares during the last quarter. Finally, Granite Point Capital Management L.P. acquired a new stake in Dycom Industries in the second quarter valued at $3,581,000.

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DY has been the subject of a number of research reports. BidaskClub cut shares of Dycom Industries from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. KeyCorp upgraded shares of Dycom Industries from a “sector weight” rating to an “overweight” rating and set a $87.00 target price for the company in a research note on Wednesday, August 30th. FBR & Co raised their target price on shares of Dycom Industries from $98.00 to $112.00 and gave the stock a “buy” rating in a research note on Wednesday, August 30th. Craig Hallum restated a “buy” rating and set a $90.00 target price (down previously from $115.00) on shares of Dycom Industries in a research note on Thursday, August 31st. They noted that the move was a valuation call. Finally, Canaccord Genuity cut their target price on shares of Dycom Industries from $120.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, August 31st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $102.71.

Dycom Industries, Inc. (NYSE:DY) opened at 83.38 on Wednesday. The company has a market capitalization of $2.59 billion, a price-to-earnings ratio of 16.95 and a beta of 1.29. Dycom Industries, Inc. has a 52-week low of $70.33 and a 52-week high of $110.64. The company’s 50-day moving average is $81.93 and its 200-day moving average is $90.20.

Dycom Industries (NYSE:DY) last released its quarterly earnings data on Wednesday, August 30th. The construction company reported $1.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.44 by $0.03. The business had revenue of $780.20 million for the quarter, compared to the consensus estimate of $798.62 million. Dycom Industries had a net margin of 5.13% and a return on equity of 26.68%. The company’s revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.64 earnings per share. On average, analysts expect that Dycom Industries, Inc. will post $4.36 earnings per share for the current fiscal year.

Dycom Industries Profile

Dycom Industries, Inc is a provider of specialty contracting services throughout the United States and in Canada. The Company, through its subsidiaries, provides program management, engineering, construction, maintenance and installation services for telecommunications providers, underground facility locating services for various utilities, including telecommunications providers, and other construction and maintenance services for electric and gas utilities.

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

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