Moors & Cabot Inc. purchased a new stake in shares of Dycom Industries, Inc. (NYSE:DY) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 2,900 shares of the construction company’s stock, valued at approximately $249,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DY. Capstone Asset Management Co. boosted its holdings in shares of Dycom Industries by 3.8% in the 2nd quarter. Capstone Asset Management Co. now owns 2,448 shares of the construction company’s stock worth $219,000 after purchasing an additional 90 shares during the period. Great West Life Assurance Co. Can boosted its holdings in shares of Dycom Industries by 36.8% in the 2nd quarter. Great West Life Assurance Co. Can now owns 25,093 shares of the construction company’s stock worth $2,243,000 after purchasing an additional 6,745 shares during the period. Boston Partners purchased a new position in shares of Dycom Industries in the 2nd quarter worth approximately $2,303,000. First Trust Advisors LP boosted its holdings in shares of Dycom Industries by 6.6% in the 2nd quarter. First Trust Advisors LP now owns 102,333 shares of the construction company’s stock worth $9,161,000 after purchasing an additional 6,345 shares during the period. Finally, Teacher Retirement System of Texas boosted its holdings in shares of Dycom Industries by 1.8% in the 2nd quarter. Teacher Retirement System of Texas now owns 2,526 shares of the construction company’s stock worth $226,000 after purchasing an additional 44 shares during the period.

Shares of Dycom Industries, Inc. (DY) opened at $110.41 on Friday. Dycom Industries, Inc. has a one year low of $73.95 and a one year high of $113.30. The company has a current ratio of 3.16, a quick ratio of 2.86 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $3,416.59, a P/E ratio of 24.11, a P/E/G ratio of 2.19 and a beta of 1.38.

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 during the quarter, compared to analyst estimates of $729.35 million. During the same period last year, the company earned $1.67 EPS. Dycom Industries’s quarterly revenue was down 5.4% compared to the same quarter last year. analysts anticipate that Dycom Industries, Inc. will post 4.09 earnings per share for the current fiscal year.

DY has been the subject of a number of recent research reports. KeyCorp upgraded Dycom Industries from a “sector weight” rating to an “overweight” rating and set a $87.00 target price for the company in a report on Wednesday, August 30th. Craig Hallum reiterated a “buy” rating and issued a $90.00 target price (down previously from $115.00) on shares of Dycom Industries in a report on Thursday, August 31st. They noted that the move was a valuation call. Stephens lifted their target price on Dycom Industries from $105.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, November 16th. FBR & Co lifted their target price on Dycom Industries from $98.00 to $112.00 and gave the stock a “buy” rating in a report on Wednesday, August 30th. Finally, Canaccord Genuity dropped their target price on Dycom Industries from $120.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, August 31st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $110.00.

TRADEMARK VIOLATION NOTICE: This piece of content was first reported by Watch List News and is the property of of Watch List News. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of US and international copyright & trademark law. The original version of this piece of content can be read at https://www.watchlistnews.com/moors-cabot-inc-purchases-new-holdings-in-dycom-industries-inc-dy/1769570.html.

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.

Want to see what other hedge funds are holding DY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dycom Industries, Inc. (NYSE:DY).

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

Receive News & Ratings for Dycom Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dycom Industries and related companies with MarketBeat.com's FREE daily email newsletter.