Dimensional Fund Advisors LP lessened its holdings in shares of Dycom Industries, Inc. (NYSE:DY) by 0.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 928,559 shares of the construction company’s stock after selling 1,253 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.98% of Dycom Industries worth $79,744,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the company. Pacad Investment Ltd. lifted its stake in shares of Dycom Industries by 71.4% during the 2nd quarter. Pacad Investment Ltd. now owns 1,200 shares of the construction company’s stock valued at $107,000 after buying an additional 500 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in Dycom Industries by 6.6% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,298 shares of the construction company’s stock valued at $116,000 after acquiring an additional 80 shares during the last quarter. Riverhead Capital Management LLC increased its holdings in Dycom Industries by 96.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,764 shares of the construction company’s stock valued at $158,000 after acquiring an additional 864 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in Dycom Industries by 257.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,146 shares of the construction company’s stock valued at $192,000 after acquiring an additional 1,546 shares during the last quarter. Finally, Cedar Capital LLC bought a new stake in Dycom Industries in the 3rd quarter valued at $213,000.

A number of analysts have issued reports on DY shares. KeyCorp upgraded shares of Dycom Industries from a “sector weight” rating to an “overweight” rating and set a $87.00 price target on the stock in a report on Wednesday, August 30th. FBR & Co lifted their price target on shares of Dycom Industries from $98.00 to $112.00 and gave the company a “buy” rating in a report on Wednesday, August 30th. Craig Hallum restated a “buy” rating and issued a $90.00 target price (down from $115.00) on shares of Dycom Industries in a report on Thursday, August 31st. They noted that the move was a valuation call. Canaccord Genuity reduced their target price on shares of Dycom Industries from $120.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, August 31st. Finally, Deutsche Bank assumed coverage on shares of Dycom Industries in a report on Tuesday, September 26th. They issued a “buy” rating and a $103.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company’s stock. Dycom Industries currently has an average rating of “Buy” and a consensus target price of $115.10.

Dycom Industries, Inc. (DY) opened at $113.89 on Monday. The company has a market cap of $3,510.00, a PE ratio of 26.92, a P/E/G ratio of 2.27 and a beta of 1.37. Dycom Industries, Inc. has a fifty-two week low of $73.95 and a fifty-two week high of $115.38. The company has a current ratio of 3.16, a quick ratio of 2.86 and a debt-to-equity ratio of 1.07.

Dycom Industries (NYSE:DY) last issued its quarterly earnings results on Monday, November 20th. The construction company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.90 by $0.09. The company had revenue of $756.20 million for the quarter, compared to the consensus estimate of $729.35 million. Dycom Industries had a net margin of 4.46% and a return on equity of 22.49%. The firm’s revenue was down 5.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.67 EPS. equities analysts predict that Dycom Industries, Inc. will post 4.09 earnings per share for the current fiscal year.

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About Dycom Industries

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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