Janus Henderson Group PLC Has $8.13 Million Stock Position in Dycom Industries, Inc. (NYSE:DY)

Janus Henderson Group PLC boosted its stake in shares of Dycom Industries, Inc. (NYSE:DY) by 3.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 41,292 shares of the construction company’s stock after purchasing an additional 1,483 shares during the quarter. Janus Henderson Group PLC’s holdings in Dycom Industries were worth $8,134,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Hsbc Holdings PLC raised its holdings in shares of Dycom Industries by 193.7% during the second quarter. Hsbc Holdings PLC now owns 7,819 shares of the construction company’s stock valued at $1,317,000 after acquiring an additional 5,157 shares during the period. Assenagon Asset Management S.A. raised its stake in Dycom Industries by 2,353.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 158,988 shares of the construction company’s stock valued at $26,831,000 after purchasing an additional 152,509 shares during the period. Whalen Wealth Management Inc. purchased a new stake in shares of Dycom Industries in the third quarter valued at $773,000. Creative Planning lifted its holdings in shares of Dycom Industries by 19.2% in the third quarter. Creative Planning now owns 6,560 shares of the construction company’s stock valued at $1,293,000 after purchasing an additional 1,055 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Dycom Industries by 32.0% during the second quarter. American Century Companies Inc. now owns 17,547 shares of the construction company’s stock valued at $2,961,000 after buying an additional 4,255 shares in the last quarter. 98.33% of the stock is owned by hedge funds and other institutional investors.

Dycom Industries Trading Down 0.8 %

Shares of NYSE:DY opened at $192.61 on Monday. The company has a current ratio of 3.12, a quick ratio of 2.93 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $5.62 billion, a PE ratio of 25.34, a P/E/G ratio of 1.58 and a beta of 1.41. Dycom Industries, Inc. has a 1 year low of $105.67 and a 1 year high of $207.20. The firm has a fifty day moving average price of $187.87 and a 200 day moving average price of $181.90.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. KeyCorp increased their price objective on Dycom Industries from $200.00 to $227.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. DA Davidson reissued a “buy” rating and issued a $210.00 price target on shares of Dycom Industries in a research report on Tuesday, November 19th. Bank of America boosted their price objective on shares of Dycom Industries from $198.00 to $204.00 and gave the company a “buy” rating in a research 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. Finally, Wells Fargo & Company boosted their price target on shares of Dycom Industries from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Friday, November 15th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Dycom Industries currently has a consensus rating of “Buy” and an average price target 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.