Eagle Boston Investment Management Inc. increased its stake in shares of Dycom Industries, Inc. (NYSE:DY) by 5.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 168,460 shares of the construction company’s stock after purchasing an additional 8,203 shares during the period. Dycom Industries makes up approximately 1.8% of Eagle Boston Investment Management Inc.’s investment portfolio, making the stock its 5th largest holding. Eagle Boston Investment Management Inc.’s holdings in Dycom Industries were worth $18,131,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. W.G. Shaheen & Associates DBA Whitney & Co lifted its holdings in Dycom Industries by 2.6% during the fourth quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 63,418 shares of the construction company’s stock worth $7,067,000 after acquiring an additional 1,630 shares in the last quarter. Campbell Newman Asset Management Inc. lifted its holdings in Dycom Industries by 22.5% during the fourth quarter. Campbell Newman Asset Management Inc. now owns 6,817 shares of the construction company’s stock worth $760,000 after acquiring an additional 1,250 shares in the last quarter. Atria Investments LLC lifted its holdings in Dycom Industries by 51.3% during the fourth quarter. Atria Investments LLC now owns 4,740 shares of the construction company’s stock worth $528,000 after acquiring an additional 1,607 shares in the last quarter. 12th Street Asset Management Company LLC lifted its holdings in Dycom Industries by 3.6% during the fourth quarter. 12th Street Asset Management Company LLC now owns 365,287 shares of the construction company’s stock worth $40,704,000 after acquiring an additional 12,711 shares in the last quarter. Finally, GW&K Investment Management LLC lifted its holdings in Dycom Industries by 41.7% during the fourth quarter. GW&K Investment Management LLC now owns 46,539 shares of the construction company’s stock worth $5,186,000 after acquiring an additional 13,700 shares in the last quarter.

In related news, Director Patricia Higgins sold 2,604 shares of the company’s stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of $109.08, for a total transaction of $284,044.32. Following the sale, the director now owns 30,246 shares in the company, valued at $3,299,233.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 5.39% of the company’s stock.

Several research firms have weighed in on DY. Zacks Investment Research upgraded Dycom Industries from a “hold” rating to a “buy” rating and set a $116.00 target price on the stock in a report on Tuesday, May 1st. Craig Hallum restated a “buy” rating and issued a $129.00 price target (up from $114.00) on shares of Dycom Industries in a report on Tuesday, February 13th. Canaccord Genuity restated a “buy” rating and issued a $125.00 price target (up from $110.00) on shares of Dycom Industries in a report on Tuesday, February 13th. B. Riley cut their price target on Dycom Industries from $135.00 to $132.00 and set a “buy” rating on the stock in a report on Tuesday, February 13th. Finally, KeyCorp boosted their price target on Dycom Industries from $118.00 to $123.00 and gave the company an “overweight” rating in a report on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have issued a buy rating to the company. Dycom Industries currently has an average rating of “Buy” and a consensus price target of $121.45.

Shares of Dycom Industries opened at $114.00 on Friday, Marketbeat Ratings reports. The stock has a market capitalization of $3.52 billion, a PE ratio of 29.12, a PEG ratio of 1.60 and a beta of 1.48. Dycom Industries, Inc. has a one year low of $111.89 and a one year high of $114.28. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.86 and a current ratio of 3.16.

Dycom Industries (NYSE:DY) last released its earnings results on Wednesday, February 28th. The construction company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.01. Dycom Industries had a return on equity of 18.67% and a net margin of 5.08%. The business had revenue of $655.13 million for the quarter, compared to analyst estimates of $655.72 million. During the same quarter in the prior year, the company posted $0.82 earnings per share. Dycom Industries’s revenue was down 6.6% on a year-over-year basis. analysts predict that Dycom Industries, Inc. will post 5.71 earnings per share for the current fiscal year.

Dycom Industries Company 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.

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

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