Falcon Point Capital LLC acquired a new stake in Dycom Industries, Inc. (NYSE:DY) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 53,248 shares of the construction company’s stock, valued at approximately $5,933,000.

Other hedge funds have also made changes to their positions in the company. New Mexico Educational Retirement Board acquired a new position in Dycom Industries during the 4th quarter worth approximately $858,000. Harbor Advisors LLC acquired a new position in Dycom Industries during the 4th quarter worth approximately $334,000. LS Investment Advisors LLC grew its holdings in Dycom Industries by 46.9% during the 4th quarter. LS Investment Advisors LLC now owns 3,475 shares of the construction company’s stock worth $387,000 after acquiring an additional 1,110 shares in the last quarter. Swiss National Bank grew its holdings in Dycom Industries by 1.5% during the 4th quarter. Swiss National Bank now owns 52,900 shares of the construction company’s stock worth $5,895,000 after acquiring an additional 800 shares in the last quarter. Finally, Lisanti Capital Growth LLC acquired a new position in Dycom Industries during the 4th quarter worth approximately $908,000.

Several research analysts have commented on DY shares. Zacks Investment Research upgraded shares of Dycom Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 31st. B. Riley reiterated a “buy” rating on shares of Dycom Industries in a report on Wednesday, November 1st. Stephens boosted their price target on shares of Dycom Industries from $105.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, November 16th. DA Davidson boosted their price target on shares of Dycom Industries to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, November 21st. Finally, Wells Fargo & Co reiterated an “outperform” rating and set a $109.00 price target (up previously from $88.00) on shares of Dycom Industries in a report on Tuesday, November 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company’s stock. Dycom Industries presently has an average rating of “Buy” and a consensus target price of $119.90.

Shares of Dycom Industries, Inc. (DY) opened at $109.23 on Wednesday. The firm has a market cap of $3,368.61, a P/E ratio of 23.77, a PEG ratio of 1.56 and a beta of 1.36. 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, Inc. has a 12-month low of $73.95 and a 12-month high of $123.99.

Dycom Industries (NYSE:DY) last issued its quarterly earnings data on Monday, November 20th. The construction company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.09. The business had revenue of $756.20 million during 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 company’s revenue was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.67 EPS. research analysts expect that Dycom Industries, Inc. will post 4.09 earnings per share for the current fiscal year.

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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.

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

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