Personal CFO Solutions LLC Invests $207,000 in Dycom Industries, Inc. (NYSE:DY)

Personal CFO Solutions LLC purchased a new position in shares of Dycom Industries, Inc. (NYSE:DY) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,818 shares of the construction company’s stock, valued at approximately $207,000.

A number of other large investors have also made changes to their positions in DY. Commonwealth Equity Services LLC grew its holdings in shares of Dycom Industries by 6.5% during the second quarter. Commonwealth Equity Services LLC now owns 3,279 shares of the construction company’s stock valued at $373,000 after buying an additional 199 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Dycom Industries by 8.1% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 154,434 shares of the construction company’s stock valued at $17,551,000 after buying an additional 11,590 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Dycom Industries by 95.1% during the second quarter. Quadrant Capital Group LLC now owns 675 shares of the construction company’s stock valued at $77,000 after buying an additional 329 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Dycom Industries by 14.5% during the second quarter. Russell Investments Group Ltd. now owns 43,895 shares of the construction company’s stock valued at $4,988,000 after buying an additional 5,566 shares during the last quarter. Finally, Neumeier Poma Investment Counsel LLC grew its holdings in shares of Dycom Industries by 42.7% during the second quarter. Neumeier Poma Investment Counsel LLC now owns 330,495 shares of the construction company’s stock valued at $37,561,000 after buying an additional 98,855 shares during the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. StockNews.com raised shares of Dycom Industries from a “hold” rating to a “buy” rating in a report on Thursday, October 19th. Wells Fargo & Company lowered their price target on shares of Dycom Industries from $120.00 to $105.00 and set an “overweight” rating on the stock in a report on Monday, November 13th. Raymond James raised shares of Dycom Industries from an “outperform” rating to a “strong-buy” rating and set a $120.00 price target on the stock in a report on Friday, October 20th. B. Riley reaffirmed a “neutral” rating and issued a $111.00 price target on shares of Dycom Industries in a report on Thursday, August 24th. Finally, Bank of America began coverage on shares of Dycom Industries in a report on Tuesday, October 3rd. They issued a “buy” rating and a $120.00 price target on the stock. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $117.83.

Dycom Industries Price Performance

Shares of NYSE:DY opened at $86.60 on Tuesday. The company has a 50-day simple moving average of $87.29 and a 200-day simple moving average of $97.12. Dycom Industries, Inc. has a one year low of $77.33 and a one year high of $115.53. The company has a debt-to-equity ratio of 0.83, a quick ratio of 3.13 and a current ratio of 3.38. The stock has a market capitalization of $2.54 billion, a price-to-earnings ratio of 13.55, a PEG ratio of 0.77 and a beta of 1.29.

Dycom Industries (NYSE:DY) last issued its earnings results on Wednesday, August 23rd. The construction company reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.37. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. Dycom Industries had a net margin of 4.71% and a return on equity of 20.89%. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.46 earnings per share. On average, analysts predict that Dycom Industries, Inc. will post 6.46 EPS for the current year.

Insiders Place Their Bets

In other news, VP Jason T. Lawson sold 618 shares of the stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $88.37, for a total value of $54,612.66. Following the completion of the sale, the vice president now owns 5,205 shares of the company’s stock, valued at $459,965.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 4.25% of the stock is currently owned by insiders.

Dycom Industries Company Profile

Dycom Industries, Inc provides specialty contracting services to the telecommunications infrastructure and utility industries in the United States. The company offers engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems; wireless networks in connection with the deployment of macro cell and new small cell sites; and program and project management and inspection personnel.