FLC Capital Advisors Invests $224,000 in Dycom Industries, Inc. (NYSE:DY)

FLC Capital Advisors bought a new stake in shares of Dycom Industries, Inc. (NYSE:DY) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,137 shares of the construction company’s stock, valued at approximately $224,000.

Several other large investors have also recently bought and sold shares of the stock. BNP Paribas Financial Markets boosted its holdings in shares of Dycom Industries by 33.1% during the first quarter. BNP Paribas Financial Markets now owns 32,256 shares of the construction company’s stock worth $4,630,000 after purchasing an additional 8,028 shares during the period. Sheets Smith Wealth Management boosted its stake in shares of Dycom Industries by 100.0% in the 1st quarter. Sheets Smith Wealth Management now owns 7,028 shares of the construction company’s stock valued at $1,009,000 after purchasing an additional 3,514 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Dycom Industries by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 3,183,646 shares of the construction company’s stock valued at $366,406,000 after purchasing an additional 42,121 shares in the last quarter. UniSuper Management Pty Ltd acquired a new position in Dycom Industries during the 1st quarter worth about $794,000. Finally, ClariVest Asset Management LLC bought a new stake in Dycom Industries during the 1st quarter worth about $2,913,000. Institutional investors and hedge funds own 98.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Bank of America upped their price target on Dycom Industries from $198.00 to $204.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. KeyCorp increased their price target on Dycom Industries from $200.00 to $227.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Wells Fargo & Company boosted their price target on Dycom Industries from $185.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th. StockNews.com cut Dycom Industries from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Finally, B. Riley boosted their price target on Dycom Industries from $205.00 to $208.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Dycom Industries has an average rating of “Buy” and a consensus target price of $203.43.

Dycom Industries Stock Performance

NYSE:DY opened at $199.03 on Thursday. The business’s 50-day moving average price is $185.18 and its two-hundred day moving average price is $170.17. Dycom Industries, Inc. has a twelve month low of $78.42 and a twelve month high of $200.52. The stock has a market cap of $5.79 billion, a P/E ratio of 25.65, a PEG ratio of 1.57 and a beta of 1.41. The company has a quick ratio of 3.25, a current ratio of 3.44 and a debt-to-equity ratio of 0.81.

Dycom Industries (NYSE:DY) last posted its quarterly earnings results on Wednesday, August 21st. The construction company reported $2.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.20. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.20 billion. Dycom Industries had a return on equity of 22.28% and a net margin of 5.37%. Dycom Industries’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same period last year, the company earned $2.03 EPS. As a group, equities analysts predict that Dycom Industries, Inc. will post 8.02 EPS for the current fiscal year.

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.