Thompson Davis & CO. Inc. Raises Holdings in Dycom Industries, Inc. (NYSE:DY)

Thompson Davis & CO. Inc. boosted its position in Dycom Industries, Inc. (NYSE:DY) by 3.3% in the third quarter, HoldingsChannel.com reports. The firm owned 7,505 shares of the construction company’s stock after acquiring an additional 240 shares during the period. Dycom Industries accounts for approximately 1.1% of Thompson Davis & CO. Inc.’s investment portfolio, making the stock its 9th biggest holding. Thompson Davis & CO. Inc.’s holdings in Dycom Industries were worth $1,479,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of Dycom Industries during the 1st quarter worth approximately $28,000. Avantax Advisory Services Inc. acquired a new stake in Dycom Industries in the first quarter valued at approximately $220,000. Vanguard Group Inc. increased its position in shares of Dycom Industries by 0.4% in the first quarter. Vanguard Group Inc. now owns 3,196,041 shares of the construction company’s stock valued at $458,728,000 after buying an additional 12,395 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new position in shares of Dycom Industries during the 1st quarter worth approximately $250,000. Finally, Seven Eight Capital LP purchased a new position in shares of Dycom Industries during the 1st quarter valued at approximately $570,000. 98.33% of the stock is owned by hedge funds and other institutional investors.

Dycom Industries Stock Up 3.5 %

NYSE:DY opened at $202.74 on Wednesday. The firm has a market capitalization of $5.90 billion, a PE ratio of 25.18, a price-to-earnings-growth ratio of 1.55 and a beta of 1.44. Dycom Industries, Inc. has a 52 week low of $84.83 and a 52 week high of $207.20. The company has a current ratio of 3.44, a quick ratio of 3.25 and a debt-to-equity ratio of 0.81. The stock has a 50 day moving average of $189.57 and a 200-day moving average of $178.82.

Dycom Industries (NYSE:DY) last posted its quarterly earnings data on Wednesday, August 21st. The construction company reported $2.46 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.20. Dycom Industries had a net margin of 5.37% and a return on equity of 22.28%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the business earned $2.03 earnings per share. The business’s revenue for the quarter was up 15.5% on a year-over-year basis. Analysts predict that Dycom Industries, Inc. will post 7.96 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DY. DA Davidson reaffirmed a “buy” rating and set a $210.00 target price on shares of Dycom Industries in a research note on Tuesday. B. Riley raised their target price on Dycom Industries from $205.00 to $208.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Bank of America increased their price objective on shares of Dycom Industries from $198.00 to $204.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Wells Fargo & Company boosted their price target on shares of Dycom Industries from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Finally, KeyCorp lifted their price objective on Dycom Industries from $200.00 to $227.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $206.13.

About Dycom Industries

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.