Dycom Industries, Inc. (DY) Holdings Lifted by Elk Creek Partners LLC
Elk Creek Partners LLC raised its holdings in shares of Dycom Industries, Inc. (NYSE:DY) by 1.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 217,945 shares of the construction company’s stock after purchasing an additional 3,959 shares during the period. Dycom Industries accounts for about 1.2% of Elk Creek Partners LLC’s holdings, making the stock its 27th largest holding. Elk Creek Partners LLC owned about 0.70% of Dycom Industries worth $18,717,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Pacad Investment Ltd. raised its position in shares of Dycom Industries by 71.4% in the 2nd quarter. Pacad Investment Ltd. now owns 1,200 shares of the construction company’s stock worth $107,000 after acquiring an additional 500 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Dycom Industries by 6.6% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,298 shares of the construction company’s stock worth $116,000 after acquiring an additional 80 shares in the last quarter. Riverhead Capital Management LLC raised its position in shares of Dycom Industries by 96.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,764 shares of the construction company’s stock worth $158,000 after acquiring an additional 864 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Dycom Industries by 257.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,146 shares of the construction company’s stock worth $192,000 after acquiring an additional 1,546 shares in the last quarter. Finally, Sigma Planning Corp bought a new position in shares of Dycom Industries in the 2nd quarter worth approximately $211,000.
Dycom Industries, Inc. (DY) traded up $1.32 during trading on Friday, hitting $107.37. The company had a trading volume of 721,700 shares, compared to its average volume of 674,235. The company has a debt-to-equity ratio of 1.07, a current ratio of 3.16 and a quick ratio of 2.86. The stock has a market cap of $3,390.00, a P/E ratio of 23.03, a P/E/G ratio of 2.07 and a beta of 1.27. Dycom Industries, Inc. has a 52 week low of $70.88 and a 52 week high of $110.64.
Dycom Industries (NYSE:DY) last posted its quarterly earnings results on Monday, November 20th. The construction company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.09. The company had revenue of $756.20 million for the quarter, compared to the consensus estimate of $729.35 million. Dycom Industries had a return on equity of 22.49% and a net margin of 4.46%. The firm’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.67 EPS. research analysts predict that Dycom Industries, Inc. will post 4.13 earnings per share for the current fiscal year.
Several research analysts have recently issued reports on the company. FBR & Co increased their target price on Dycom Industries from $98.00 to $112.00 and gave the stock a “buy” rating in a research report on Wednesday, August 30th. ValuEngine raised Dycom Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, November 22nd. DA Davidson increased their target price on Dycom Industries to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 21st. Stephens increased their target price on Dycom Industries from $105.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, November 16th. Finally, Stifel Nicolaus increased their target price on Dycom Industries from $93.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $109.40.
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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.
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