Keel Point LLC decreased its position in shares of Dycom Industries, Inc. (NYSE:DY) by 2.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,170 shares of the construction company’s stock after selling 1,320 shares during the quarter. Dycom Industries makes up 0.7% of Keel Point LLC’s holdings, making the stock its 25th largest holding. Keel Point LLC owned about 0.17% of Dycom Industries worth $4,480,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of DY. Capstone Asset Management Co. boosted its holdings in Dycom Industries by 3.8% in the second quarter. Capstone Asset Management Co. now owns 2,448 shares of the construction company’s stock worth $219,000 after acquiring an additional 90 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in Dycom Industries by 4.5% during the second quarter. Oregon Public Employees Retirement Fund now owns 11,460 shares of the construction company’s stock valued at $1,026,000 after acquiring an additional 496 shares in the last quarter. LS Investment Advisors LLC raised its position in Dycom Industries by 16.0% during the second quarter. LS Investment Advisors LLC now owns 2,439 shares of the construction company’s stock valued at $218,000 after acquiring an additional 337 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Dycom Industries by 2.4% in the second quarter. Nisa Investment Advisors LLC now owns 4,230 shares of the construction company’s stock valued at $379,000 after buying an additional 100 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its position in shares of Dycom Industries by 2.5% in the second quarter. Louisiana State Employees Retirement System now owns 8,100 shares of the construction company’s stock valued at $725,000 after buying an additional 200 shares in the last quarter.

DY has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Dycom Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Canaccord Genuity cut their price objective on Dycom Industries from $120.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, August 31st. BidaskClub cut Dycom Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, August 22nd. Deutsche Bank AG initiated coverage on Dycom Industries in a research report on Tuesday, September 26th. They issued a “buy” rating and a $103.00 price objective for the company. Finally, B. Riley restated a “buy” rating and issued a $119.00 price objective (up from $98.00) on shares of Dycom Industries in a research report on Friday, November 17th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $109.40.

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Shares of Dycom Industries, Inc. (NYSE:DY) traded up $1.86 during trading hours on Thursday, hitting $102.86. The stock had a trading volume of 693,500 shares, compared to its average volume of 676,735. The company has a debt-to-equity ratio of 1.07, a current ratio of 3.16 and a quick ratio of 2.69. The firm has a market capitalization of $3,141.99, a price-to-earnings ratio of 22.05, a PEG ratio of 1.90 and a beta of 1.27. Dycom Industries, Inc. has a 12-month low of $70.88 and a 12-month high of $110.64.

Dycom Industries (NYSE:DY) last issued its quarterly earnings results on Monday, November 20th. The construction company reported $0.99 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.09. Dycom Industries had a return on equity of 22.49% and a net margin of 4.46%. The firm had revenue of $756.20 million for the quarter, compared to analyst estimates of $729.35 million. During the same period in the previous year, the company posted $1.67 earnings per share. The business’s revenue was down 5.4% on a year-over-year basis. analysts forecast that Dycom Industries, Inc. will post 4.32 earnings per share for the current 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.

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

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