Rice Hall James & Associates LLC cut its position in Dycom Industries, Inc. (NYSE:DY) by 4.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 215,552 shares of the construction company’s stock after selling 9,612 shares during the period. Rice Hall James & Associates LLC owned about 0.69% of Dycom Industries worth $18,512,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Crossmark Global Holdings Inc. purchased a new stake in shares of Dycom Industries in the third quarter worth $234,000. Callahan Advisors LLC increased its stake in shares of Dycom Industries by 3.1% in the third quarter. Callahan Advisors LLC now owns 59,360 shares of the construction company’s stock worth $5,098,000 after purchasing an additional 1,800 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of Dycom Industries by 9.3% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 32,139 shares of the construction company’s stock worth $2,760,000 after purchasing an additional 2,723 shares in the last quarter. Cubic Asset Management LLC purchased a new stake in shares of Dycom Industries in the third quarter worth $3,412,000. Finally, Aperio Group LLC increased its stake in shares of Dycom Industries by 6.9% in the third quarter. Aperio Group LLC now owns 12,133 shares of the construction company’s stock worth $1,042,000 after purchasing an additional 780 shares in the last quarter.

A number of analysts have recently issued reports on the stock. BidaskClub cut shares of Dycom Industries from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Zacks Investment Research raised shares of Dycom Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday. FBR & Co increased their price objective on shares of Dycom Industries from $98.00 to $112.00 and gave the stock a “buy” rating in a research note on Wednesday, August 30th. KeyCorp raised shares of Dycom Industries from a “sector weight” rating to an “overweight” rating and set a $87.00 price objective for the company in a research note on Wednesday, August 30th. Finally, Deutsche Bank AG assumed coverage on shares of Dycom Industries in a research note on Tuesday, September 26th. They issued a “buy” rating and a $103.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $102.71.

Dycom Industries (NYSE:DY) last released its earnings results on Wednesday, August 30th. The construction company reported $1.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.03. Dycom Industries had a net margin of 5.13% and a return on equity of 26.68%. The business had revenue of $780.20 million during the quarter, compared to analyst estimates of $798.62 million. During the same quarter in the prior year, the firm earned $1.64 earnings per share. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year.

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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.

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

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