Whalen Wealth Management Inc. Buys New Shares in Dycom Industries, Inc. (NYSE:DY)

Whalen Wealth Management Inc. purchased a new stake in shares of Dycom Industries, Inc. (NYSE:DY) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,922 shares of the construction company’s stock, valued at approximately $773,000.

Other large investors have also recently added to or reduced their stakes in the company. Accent Capital Management LLC acquired a new position in Dycom Industries in the third quarter worth about $25,000. Annapolis Financial Services LLC acquired a new position in shares of Dycom Industries in the 3rd quarter worth approximately $29,000. Allspring Global Investments Holdings LLC bought a new position in shares of Dycom Industries during the 1st quarter worth approximately $28,000. Anchor Investment Management LLC grew its position in Dycom Industries by 50.4% in the second quarter. Anchor Investment Management LLC now owns 194 shares of the construction company’s stock valued at $33,000 after acquiring an additional 65 shares during the period. Finally, GAMMA Investing LLC raised its stake in Dycom Industries by 107.8% during the second quarter. GAMMA Investing LLC now owns 293 shares of the construction company’s stock worth $49,000 after acquiring an additional 152 shares in the last quarter. Institutional investors and hedge funds own 98.33% of the company’s stock.

Dycom Industries Stock Up 4.4 %

Shares of Dycom Industries stock opened at $195.83 on Tuesday. The stock has a market cap of $5.70 billion, a PE ratio of 24.33, a price-to-earnings-growth ratio of 1.55 and a beta of 1.44. The business has a fifty day simple moving average of $188.73 and a 200 day simple moving average of $178.01. 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, Inc. has a 12 month low of $84.83 and a 12 month high of $207.20.

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

Analyst Ratings Changes

DY has been the topic of several analyst reports. Bank of America upped their target price on shares of Dycom Industries from $198.00 to $204.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. B. Riley lifted their target price on shares of Dycom Industries from $205.00 to $208.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. KeyCorp increased their price target on Dycom Industries from $200.00 to $227.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Wells Fargo & Company raised their price target on Dycom Industries from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Friday. Finally, StockNews.com lowered Dycom Industries from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $205.57.

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.