Daiwa Securities Group Inc. lifted its stake in shares of Dycom Industries, Inc. (NYSE:DY) by 45.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 32,000 shares of the construction company’s stock after acquiring an additional 10,000 shares during the quarter. Daiwa Securities Group Inc. owned approximately 0.10% of Dycom Industries worth $2,748,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of DY. Pacad Investment Ltd. increased its position in shares of Dycom Industries by 71.4% during the second quarter. Pacad Investment Ltd. now owns 1,200 shares of the construction company’s stock worth $107,000 after acquiring an additional 500 shares during the period. Public Employees Retirement System of Ohio increased its position in shares of Dycom Industries by 6.6% during the second 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 during the period. Riverhead Capital Management LLC increased its position in shares of Dycom Industries by 96.0% during the second 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 during the period. Tower Research Capital LLC TRC increased its position in shares of Dycom Industries by 257.7% during the second 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 during the period. Finally, Sigma Planning Corp purchased a new position in shares of Dycom Industries during the second quarter worth approximately $211,000.

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A number of brokerages have recently commented on DY. B. Riley reaffirmed a “buy” rating on shares of Dycom Industries in a research report on Wednesday, November 1st. FBR & Co increased their price objective on shares of Dycom Industries from $98.00 to $112.00 and gave the company a “buy” rating in a research note on Wednesday, August 30th. Craig Hallum reiterated a “buy” rating and set a $90.00 price objective (down 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. KeyCorp upgraded shares of Dycom Industries from a “sector weight” rating to an “overweight” rating and set a $87.00 price objective on the stock in a research note on Wednesday, August 30th. Finally, Deutsche Bank AG began coverage on shares of Dycom Industries in a research note on Tuesday, September 26th. They set a “buy” rating and a $103.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. Dycom Industries currently has a consensus rating of “Buy” and an average target price of $102.71.

Dycom Industries, Inc. (NYSE DY) opened at $91.02 on Friday. The stock has a market cap of $2,832.15, a P/E ratio of 17.31, a PEG ratio of 1.70 and a beta of 1.27. Dycom Industries, Inc. has a one year low of $70.33 and a one year high of $110.64. The company has a debt-to-equity ratio of 1.10, a quick ratio of 2.69 and a current ratio of 2.95.

Dycom Industries (NYSE:DY) last announced its earnings results on Wednesday, August 30th. The construction company reported $1.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.44 by $0.03. The company had revenue of $780.20 million during 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%. Dycom Industries’s revenue was down 1.1% compared to the same quarter last year. During the same period last year, the firm earned $1.64 earnings per share. analysts predict that Dycom Industries, Inc. will post 4.35 EPS for the current year.

Dycom Industries Company 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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